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The Venture Codex

Walter Ventures

Munich, Bayern, Germany

Overview

Empowering visionary founders in enterprise software to sustainably transform established industries

Total investments
13
Lead investments
4
Investments · 12mo
2
Active investors
4
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Investment portfolio

  • Bidbus

    Participated · Series A · Jul 2026

    Bidbus operates a live bidding marketplace where dealerships compete to buy used cars from private sellers, displaying bids in real time to drive up offers. The company emphasizes price discovery for trade-ins and claims its process yields offers roughly $2,000 to $3,000 higher than services like Carvana on average. Founded and based in Los Angeles, Bidbus has facilitated about 10,000 car sales and partnered with dealer groups such as Lithia Motors and Penske Automotive. The startup began life bootstrapped and has dealt with platform governance challenges, including banning a large dealer for low-balling. With a $15 million Series A led by Ibex Investors and participation from several venture firms and angels, Bidbus plans to scale beyond its initial California and Texas markets. The business model captures part of the spread between online seller pricing and dealer payouts while aiming to grow dealer participation and consumer awareness through a social, stock-trading-like bidding experience.

  • KredosAI

    Participated · Series A · Jul 2026

    KredosAi offers an intelligent engagement platform that applies behavioral science and AI to determine the right message, channel, and timing to improve payment outcomes and preserve customer relationships. The company reports processing more than 200 million customer interactions over the past two years and growing revenue more than 6x in that period. Across its enterprise portfolio it has demonstrated an 11.5% reduction in write-off rates, a 13.6% increase in customer lifetime value, and claims over $50 million in annual bottom-line benefit for some large enterprises. KredosAi is a FICO partner, serves Fortune 50 clients and other enterprise customers, and is SOC 2 Type II certified with multilingual support. Future plans funded by the Series A include expanding into financial services and auto lending, building a multi-agent framework with voice agent support, and scaling the team.

  • Pistachio

    Led · Series A · Apr 2025

    Pistachio is an Oslo-based automated awareness training platform that delivers AI-powered, personalized cybersecurity training and simulated attacks to employees via email, Slack, or Microsoft Teams. Founded in 2019 and rebranded from CYBR in 2023, the platform runs autonomously and tailors simulations and feedback based on individual user behavior and learning patterns. The company reports a presence in 16 countries, users across 99 countries, and over 600 corporate customers, including the University of St Andrews and The RiskPoint Group. With fresh capital from its Series A, Pistachio plans to scale its AI capabilities and expand its engineering and sales teams. A new office in Valencia marks the start of physical expansion across Europe, with North America next in line. The product aims to move organizations from static, compliance-driven training to continuous, intelligent risk mitigation embedded in daily tools. Pistachio (formerly CYBR) provides a platform that uses artificial intelligence to assess each employee’s security strengths and weaknesses through simulated cyber attacks. After creating an individual profile, the platform sets up a fully individualized security training program and continues simulated attacks until an employee’s training reaches a satisfactory level. The company intends to use new funding to accelerate growth into new European and North American markets. Pistachio reports an MRR of €60,000, serves over 100 customers across eight European countries, and has 26 employees. The business is led by co-founder and CEO Mohammed Awais. To date, the company has raised €5.4M in total.

  • Nearby Computing

    Led · Series A · Jul 2024

    Nearby Computing builds an orchestration and automation platform, NearbyOne, that manages edge computing deployments including MEC environments and private 5G networks. The platform targets industrial companies and telco operators and supports use cases such as Connected Vehicle, massive IoT, retail, and defense and security. The company says its solution manages all levels of the network ecosystem through a single interface to maximize edge benefits. Nearby reports rapid market traction and plans to expand its market coverage and sales force to accelerate adoption. The firm intends to consolidate leadership across North America, Asia‑Pacific and Europe. Its strategy emphasizes empowering companies and service providers with advanced edge computing and software automation solutions. Nearby Computing, founded in 2018 as a spin-off of the Barcelona Supercomputing Center (BSC-CNS) and the Universitat Politècnica de Catalunya (UPC), builds orchestration and automation software for networks with a focus on Edge Computing and 5G. The company develops tools to deploy and maintain virtual network functions and high-value applications such as computer vision, augmented reality and IoT, optimizing resource efficiency and guaranteeing service levels. Its products target telco operators, industry (Industry 4.0), utilities, smart-city deployments and connected-vehicle networks. By 2020 Nearby Computing had commercial activity in Spain, elsewhere in Europe, North America and the Middle East and maintains a broad partner network. The approximately €2M raised in the seed round will be used to reinforce growth by scaling global commercialization, consolidating projects, expanding R&D capacity and improving customer service. Investors will also collaborate on commercialization in their markets and integrate the startup into advanced innovation programs.

  • bezahl.de

    Participated · Series B · Mar 2024

    NX Technologies operates bezahl.de, a payment management platform that lets dealerships and automotive providers manage the entire receivables process, shorten order-to-cash timelines, and reduce accounting and back-office resources. The platform offers a modern payment experience with numerous payment methods and embedded financing options for customers of dealerships and other automotive providers. More than 70% of the top 100 automotive retail groups and over 1,000 car dealerships in Germany use bezahl.de. The company was founded in 2018 by Lasse Diener and Ulrich Schmidt and now has a team of more than 130 employees. NX plans to use new funding to strengthen its market position in Germany, expand into new European markets, and continue growing and optimizing the bezahl.de platform. bezahl.de is a Cologne-based fintech founded in 2018 by Lasse Diener and Ulrich Schmidt that focuses on receivables and payment management. The company offers Forderungs- und Zahlungsmanagement services and is pursuing integration of additional embedded finance solutions. The fresh capital is intended to fund integration of further embedded finance offerings and expansion into additional regions. Over 100 employees currently work for bezahl.de. The business previously received a €5 million investment from Embedded Capital and Marco Schnabl.

Team