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The Venture Codex

Overview

Venture capital firm supporting SaaS and cloud startups from Europe.

Founded

2021

Deals · 12mo

4

Stage focus

Seed

Geographic focus

Estonia
Germany
Latvia
United Kingdom
...

Sector focus

SaaS
Venture Capital

Investment portfolio

8rounds
NAMEDATESIZE
Robutler
Sep 2026Led
$0.40 MOther Equity
Ranking Copilot
Dec 2025Led
$0.15 MSeed
Upwood
Dec 2025Led
$0.06 MSeed
Every Health
Oct 2025Participated
$1 MSeed
StackBooster
Aug 2025Led
$0.10 MOther Equity
Crown
Feb 2025Participated
$2 MSeed
S.Lab
Oct 2023Participated
$0.22 MOther Equity
Zeely
Apr 2023Participated
$1 MSeed
Robutler
Sep 2026Led
$0.40 MOther Equity
Ranking Copilot
Dec 2025Led
$0.15 MSeed
Upwood
Dec 2025Led
$0.06 MSeed
Every Health
Oct 2025Participated
$1 MSeed
StackBooster
Aug 2025Led
$0.10 MOther Equity
Crown
Feb 2025Participated
$2 MSeed
S.Lab
Oct 2023Participated
$0.22 MOther Equity
Zeely
Apr 2023Participated
$1 MSeed
8
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Insights

Time horizon

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Deal Distribution

ZAS Ventures: 8 funding rounds are recorded in the selected participation categories.All available history.
ZAS Ventures: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Other Equity21

Monthly Deal Activity

ZAS Ventures: 8 deals are recorded across 43 months.All available history.
ZAS Ventures: 8 deals are recorded across 43 months. All available history
MonthDeals
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '252
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

ZAS Ventures: AI & Machine Learning is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

ZAS Ventures: AI & Machine Learning is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
AI & Machine Learning4
Professional Services3
Networks, Cloud & Communication2
Marketing & Advertising1
Enterprise Software1
Fintech1
Manufacturing1
Health & Life Sciences1
E-Commerce & Retail1
Clean Energy & Sustainability1
Transportation & Logistics1
Developer Tools1

Deal Size Distribution

ZAS Ventures: 8 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

ZAS Ventures: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

ZAS Ventures: Europe has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

ZAS Ventures: Europe has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Europe5
United States3
ZAS Ventures: 16 co-investors are shown, with Vesna Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

ZAS Ventures: 16 co-investors are shown, with Vesna Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Vesna Capital2
Angel One1
another.vc1
APOK Invest1
Atlantic Labs1
BackBone Ventures1
Bpifrance1
Czech Founders VC1
e-Brombeere Ventures1
Heartfelt1
Imaguru1
Kima Ventures1
N11
Prequel Ventures1
Taimi1
Ultra Venture Capital1

Investment Strategy

ZAS Ventures: Led accounts for 50% and participating for 50% of round participation.All available history.
ZAS Ventures: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led450%
Participating450%
ZAS Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
ZAS Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4100%
Co-led00%

Team

Andrew Zinchuk

Founder & Managing Partner

Dave Matli

Venture Partner