Codename Capital

European deep tech

Patient capital for Europe’s foundational technologies.

European engineering teams. Defensible technology. Commercial adoption.

We help teams turn technical advantage into products customers buy.

Explore our focus
Where we focusAt the intersection of hardware and software
Investment stageSeed & Series A
Initial investment£500k–£5m per company

Our investment focus

The technology behind
what comes next.

Our focus is the foundational technology behind advanced computing, sensing, physical AI and resilient networks. We look for measurable technical advantage, defensible IP and a credible first customer application.

01 / COMPUTE

Advanced computing

The hardware and software foundations of next-generation computing.

02 / SENSE

Sensing

Technologies that connect physical signals with useful information.

03 / ACT

Robotics & physical AI

Engineering that brings intelligence into the physical world.

04 / CONNECT

Communications & networks

The foundations of connected, resilient systems.

Investment parameters

Early-stage capital.
Support for the next step.

Our strategy focuses on seed and Series A companies, around proof of concept or working prototype.

£500k–£5m initial investment

Selective follow-on investment, with up to £10m total capital per company including later rounds. Capital is allocated against technical progress, customer validation and financing prospects.

Our approach

From technical proof
to commercial adoption.

Technical progress is the starting point. Customer qualification, product economics and a credible capital plan determine the path ahead.

We combine technical and commercial judgement with practical support for company development.

  1. 01

    Understand the advantage

    Assess the IP, technical evidence, customer problem and development risks.

  2. 02

    Define the milestones

    Establish a financed path to product development, customer validation and initial commercial deployments.

  3. 03

    Support the company

    Help teams with hiring, budgeting, governance and customer strategy.

  4. 04

    Build for the next stage

    Prepare for follow-on funding and develop relationships with co-investors and strategic buyers.

Start a conversation

Building a foundational technology business?

We welcome conversations with founders and partners across the European deep tech ecosystem.

Get in touch