The Venture Codex Logo

The Venture Codex

20Sales

San Francisco, CA, United States

Overview

Venture capital fund for early-stage B2B SaaS startups.

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Austria
The Netherlands
United Kingdom
United States

Sector focus

—

Investment portfolio

10rounds
NAMEDATESIZE
Centralize
Jul 2026Participated
$15 MSeries A
fonio.ai
Jun 2026Participated
$17 MSeed
Dealops
Aug 2025Participated
$7 MSeed
Unify
Oct 2024Participated
$19 MSeries A
Tracebit
Jul 2024Participated
$5 MSeed
Tobiko Data
Jun 2024Participated
$22 MSeries A
TheyDo
Mar 2024Participated
$34 MOther Equity
Superlinked
Mar 2024Participated
$10 MSeed
Context.ai
Aug 2023Participated
$4 MSeed
Context
Aug 2023Participated
$4 MOther Equity
Centralize
Jul 2026Participated
$15 MSeries A
fonio.ai
Jun 2026Participated
$17 MSeed
Dealops
Aug 2025Participated
$7 MSeed
Unify
Oct 2024Participated
$19 MSeries A
Tracebit
Jul 2024Participated
$5 MSeed
Tobiko Data
Jun 2024Participated
$22 MSeries A
TheyDo
Mar 2024Participated
$34 MOther Equity
Superlinked
Mar 2024Participated
$10 MSeed
Context.ai
Aug 2023Participated
$4 MSeed
Context
Aug 2023Participated
$4 MOther Equity
10
Items
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Insights

Time horizon

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Deal Distribution

20Sales: 10 funding rounds are recorded in the selected participation categories.All available history.
20Sales: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed05
Series A03
Other Equity02

Monthly Deal Activity

20Sales: 10 deals are recorded across 39 months.All available history.
20Sales: 10 deals are recorded across 39 months. All available history
MonthDeals
Aug '232
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '242
Apr '240
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

20Sales: AI & Machine Learning is the largest displayed sector by deal count (6 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.

20Sales: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Networks, Cloud & Communication3
Marketing & Advertising3
Enterprise Software2
Cybersecurity & Privacy2
Data, Analytics & IT2
Developer Tools1
Hardware & Robotics1
Fintech1
E-Commerce & Retail1
Health & Life Sciences1
Professional Services1

Deal Size Distribution

20Sales: 10 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.

20Sales: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M3
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

20Sales: United States has the largest recorded deal count among the displayed regions (6 deals).All available history.

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

20Sales: United States has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
United States6
Europe4
20Sales: 20 co-investors are shown, with Theory Ventures sharing 3 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.

20Sales: 20 co-investors are shown, with Theory Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
Theory Ventures3
Google Ventures2
20VC1
Abstract Ventures1
Accel1
Adverb Ventures1
Alt Capital1
Angel Invest1
Arches Capital1
Blossom Capital1
Depth VC1
Elsa Invest1
Emergence Capital1
Firestreak Ventures1
Flex Capital1
General Catalyst1
HighSage Ventures1
Index Ventures1
InnovationQuarter1
KMK PARTNERS1

Investment Strategy

20Sales: Led accounts for 0% and participating for 100% of round participation.All available history.
20Sales: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating10100%
20Sales: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
20Sales: 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

No team members found for this fund.