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The Venture Codex

Overview

Pre-seed venture capital fund investing in transformative tech startups.

Founded

2021

Deals · 12mo

1

Stage focus

Seed

Geographic focus

Norway

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

3rounds
NAMEDATESIZE
Surfact
Jun 2026Participated
$3 MSeed
Versiro
Jul 2024Participated
$2 MSeed
Völur
Apr 2024Participated
$3 MOther Equity
Surfact
Jun 2026Participated
$3 MSeed
Versiro
Jul 2024Participated
$2 MSeed
Völur
Apr 2024Participated
$3 MOther Equity
3
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Fortress Fund: 3 funding rounds are recorded in the selected participation categories.All available history.
Fortress Fund: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Other Equity01

Monthly Deal Activity

Fortress Fund: 3 deals are recorded across 31 months.All available history.
Fortress Fund: 3 deals are recorded across 31 months. All available history
MonthDeals
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Fortress Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (2 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.

Fortress Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Networks, Cloud & Communication2
Food & Agriculture2
Hardware & Robotics1
Enterprise Software1
Health & Life Sciences1
AI & Machine Learning1
Transportation & Logistics1

Deal Size Distribution

Fortress Fund: 3 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.

Fortress Fund: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Fortress Fund: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Fortress Fund: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Fortress Fund: 12 co-investors are shown, with Alliance Venture sharing 1 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.

Fortress Fund: 12 co-investors are shown, with Alliance Venture sharing 1 recorded deals. All available history
Co-investorShared deals
Alliance Venture1
Farvatn Venture1
Fusion Fund1
Id kapital1
MP Pensjon1
NTNU Technology Transfer1
SARIA1
Serra Ventures1
Skagerak Capital1
Sondo1
StartupLab1
York IE1

Investment Strategy

Fortress Fund: Led accounts for 0% and participating for 100% of round participation.All available history.
Fortress Fund: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating3100%
Fortress Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Fortress Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Lorenzo Ruscelli

Founder and CEO