The third Fund IV investment finds accurate open source code examples to stop coding agents from hallusinating and guessing.
Vendep Capital led a €1.5 million seed round into GitHits, a Helsinki-founded, Delaware-incorporated company building a code search engine for AI coding agents and the developers who work alongside them. The round also includes Estonian VC Trind and angel investors Peter Sarlin, Zach Shelby, and Jerry Liu.
There is a problem at the core of every AI coding tool today that most people have learned to live with: the model confidently writes code that looks right but doesn't work. The root cause is not that the model is careless. It is that the model's training data has a cutoff, and the open source ecosystem moves faster than any training run can capture. Modern applications are built on layers of open source libraries, and the AI has no reliable way to know how those libraries actually behave right now, in your version, with your dependencies. So it guesses. Developers have come to expect a certain number of retry loops before they land on something that runs. GitHits is building the tool that cuts those loops short by giving agents and developers grounded, current examples pulled directly from real open source implementations.
Vendep's deal manager Timo Felin had connected with CEO Jaakko Timonen during Jaakko's previous venture and had kept an eye on him over the years. When Jaakko started posting on LinkedIn about a new project he was building with co-founder Olli-Pekka Heinisuo, Timo invited them in for a conversation. At that point it was still an early idea, with only Olli-Pekka heads-down building. Vendep decided to watch and wait for a few months rather than move immediately.
When Timo checked back in, what he found changed the calculus. The team had grown into something genuinely strong, and that was the moment conviction started to build in earnest.
The founding team is the primary reason Vendep invested. Olli-Pekka is something of a quiet legend in open source circles. He built the opencv Python packaging project as a side project, and it has now been downloaded over 1.2 billion times. NASA used it in the Ingenuity helicopter that flew on Mars. He lives inside the problem space GitHits is trying to solve, which is exactly the kind of founder-market fit that is hard to manufacture. Jaakko brings a different kind of energy: a scrappy, relentless approach to finding a way forward regardless of the obstacles in front of him. The team also includes Juha Litola, who Vendep knew well from his time as part of the Vendep team in the early stages of the fund. He has since contributed to technical due diligence on most new investments we've made as he carries 25 years of developer experience. And then there is Nathan, who came to the company from the outside after beta-testing the product, recognising immediately that it solved a real problem he had felt himself. He had led AI teams at four startups before joining. The technical talent condensed across the founders is rare at this stage.
The timing matters too. AI has changed how software gets built, and that shift is only accelerating. Coding agents are taking on more and more of the actual development work, but they are constrained by the same training data limitation that affects every LLM. Token costs are rising, which means wasted inference on incorrect outputs is increasingly expensive. The context tooling layer for AI agents is being built right now, and the team that establishes itself as the reliable source of grounded open source knowledge has a real opportunity to become a permanent part of the developer stack.
On early traction, the numbers are modest by design at this stage, but the signal is strong. GitHits has attracted genuine, unsolicited interest from respected voices in the developer community, the kind of organic endorsement that cannot be bought and that developers tend to trust far more than any marketing campaign.
"AI agents struggle massively when they lack context, GitHits gives them grounded, up-to-date open source examples that end the unnecessary retry loops wasting tokens and time. We're excited to help the team get into the stacks of developers everywhere."
- Timo Felin, Partner at Vendep Capital
Looking ahead, the product is still early, but the direction is clear. GitHits is building toward becoming the trusted source of truth for AI coding engines working with open source libraries. The more the product is used, the better it gets at matching grounded examples to the specific shape of a user's codebase.
This is the kind of company Vendep looks for: an experienced team that personally understands the problem, solving something real for a large and growing market, with a clear opportunity to lead their category. We are genuinely glad to be backing Jaakko, Olli-Pekka, Juha, and Nathan as they build it.
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