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The Venture Codex

Overview

Early-stage venture firm investing in transformative African startups.

Founded

2018

Deals · 12mo

4

Stage focus

Seed
Series A

Geographic focus

Egypt
Kenya
Nigeria
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

48rounds
NAMEDATESIZE
AethexAI
Jun 2026Led
$3 MSeed
Ndovu
Feb 2026Participated
$2 MSeed
Breadfast
Feb 2026Participated
$50 MSeries C
Aether Biomachines
Dec 2025Participated
$15 MOther Equity
HoneyCoin
Aug 2025Participated
$5 MSeed
Suplyd
Aug 2025Led
$2 MSeries A
Taager
Feb 2025Participated
$7 MSeries B
Zeno
Sep 2024Participated
$10 MSeed
MaMo
Jul 2024Led
$3 MOther Equity
Hohm Energy
Feb 2024Led
$8 MSeed
MAKA
Dec 2023Led
$3 MSeed
Nestcoin
Sep 2023Participated
$2 MOther Equity
AethexAI
Jun 2026Led
$3 MSeed
Ndovu
Feb 2026Participated
$2 MSeed
Breadfast
Feb 2026Participated
$50 MSeries C
Aether Biomachines
Dec 2025Participated
$15 MOther Equity
HoneyCoin
Aug 2025Participated
$5 MSeed
Suplyd
Aug 2025Led
$2 MSeries A
Taager
Feb 2025Participated
$7 MSeries B
Zeno
Sep 2024Participated
$10 MSeed
MaMo
Jul 2024Led
$3 MOther Equity
Hohm Energy
Feb 2024Led
$8 MSeed
MAKA
Dec 2023Led
$3 MSeed
Nestcoin
Sep 2023Participated
$2 MOther Equity
48
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Insights

Time horizon

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Deal Distribution

4DX Ventures: 48 funding rounds are recorded in the selected participation categories.All available history.
4DX Ventures: 48 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed179
Series A311
Series B03
Series C+02
Other Equity12

Monthly Deal Activity

4DX Ventures: 48 deals are recorded across 108 months.All available history.
4DX Ventures: 48 deals are recorded across 108 months. All available history
MonthDeals
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '181
Oct '181
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '202
Dec '200
Jan '210
Feb '210
Mar '212
Apr '210
May '212
Jun '212
Jul '214
Aug '211
Sep '210
Oct '212
Nov '212
Dec '212
Jan '221
Feb '222
Mar '224
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '252
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '262
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

4DX Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (18 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.

4DX Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Networks, Cloud & Communication18
Transportation & Logistics16
E-Commerce & Retail15
Fintech11
Enterprise Software6
Consumer & Lifestyle5
Marketing & Advertising5
Professional Services5
Social & Community Platforms5
Food & Agriculture4
Education & Workforce2
Clean Energy & Sustainability2
Crypto & Blockchain2
Health & Life Sciences2
AI & Machine Learning2
Gaming & eSports2
Real Estate & Construction1
Data, Analytics & IT1
Space & Frontier Tech1
Hardware & Robotics1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

4DX Ventures: 48 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.

4DX Ventures: 48 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M23
$5M-$10M10
$10M-$25M7
$25M-$50M5
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

4DX Ventures: Egypt has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 10 of 12 regions; European countries are grouped as Europe.

4DX Ventures: Egypt has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Egypt15
United States8
Kenya7
Nigeria5
Europe3
British Virgin Islands2
Jordan2
South Africa2
Senegal1
Saudi Arabia1
4DX Ventures: 20 co-investors are shown, with Golden Palm Investments sharing 12 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.

Investment Strategy

4DX Ventures: Led accounts for 44% and participating for 56% of round participation.All available history.
4DX Ventures: Led accounts for 44% and participating for 56% of round participation. All available history
CategoryDeals (count)Share (%)
Led2144%
Participating2756%
4DX Ventures: Single-lead accounts for 38% and co-led for 62% of lead dynamics.All available history.
4DX Ventures: Single-lead accounts for 38% and co-led for 62% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead838%
Co-led1362%

Team

Daniel Marlo

Founding Operating & Venture Partner

Peter Orth

Founder