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The Venture Codex

Overview

Early-stage venture investment firm managing dual-currency funds.

Founded

2008

Deals · 12mo

14

Stage focus

Series A
Series B
Series C

Geographic focus

China
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

39rounds
NAMEDATESIZE
D-Robotics
Sep 2026Participated
$400 MSeries C
Anew Labs
Sep 2026Led
$297 MOther Equity
D-Robotics
Apr 2026Participated
$150 MSeries B
Syneron Bio
Apr 2026Participated
$150 MSeries B
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
D-Robotics
Mar 2026Participated
$120 MSeries B
Dify
Mar 2026Participated
$30 MSeries A
QL Biopharma
Mar 2026Participated
$73 MSeries C
Moonshot AI
Feb 2026Led
$700 MOther Equity
Baoling Bio
Jan 2026Participated
$86 MSeries C
Syneron Bio
Dec 2025Participated
$100 MSeries A
Allink Biotherapeutics
Dec 2025Participated
$47 MSeries A
D-Robotics
Sep 2026Participated
$400 MSeries C
Anew Labs
Sep 2026Led
$297 MOther Equity
D-Robotics
Apr 2026Participated
$150 MSeries B
Syneron Bio
Apr 2026Participated
$150 MSeries B
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
D-Robotics
Mar 2026Participated
$120 MSeries B
Dify
Mar 2026Participated
$30 MSeries A
QL Biopharma
Mar 2026Participated
$73 MSeries C
Moonshot AI
Feb 2026Led
$700 MOther Equity
Baoling Bio
Jan 2026Participated
$86 MSeries C
Syneron Bio
Dec 2025Participated
$100 MSeries A
Allink Biotherapeutics
Dec 2025Participated
$47 MSeries A
39
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Insights

Time horizon

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Deal Distribution

5Y Capital: 39 funding rounds are recorded in the selected participation categories.All available history.
5Y Capital: 39 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A56
Series B17
Series C+47
Other Equity31

Monthly Deal Activity

5Y Capital: 39 deals are recorded across 135 months.All available history.
5Y Capital: 39 deals are recorded across 135 months. All available history
MonthDeals
Aug '151
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '203
Dec '201
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '212
Aug '211
Sep '211
Oct '211
Nov '210
Dec '212
Jan '221
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '241
Apr '240
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 '251
Sep '250
Oct '250
Nov '252
Dec '252
Jan '261
Feb '261
Mar '264
Apr '262
May '260
Jun '260
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

5Y Capital: Health & Life Sciences is the largest displayed sector by deal count (17 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.

5Y Capital: Health & Life Sciences is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Health & Life Sciences17
AI & Machine Learning16
Hardware & Robotics11
Enterprise Software7
Manufacturing7
Space & Frontier Tech5
Transportation & Logistics4
Data, Analytics & IT3
Media & Entertainment3
E-Commerce & Retail2
AR/VR2
Clean Energy & Sustainability2
Consumer & Lifestyle2
Social & Community Platforms2
Education & Workforce1
Networks, Cloud & Communication1
Marketing & Advertising1
Gaming & eSports1
Professional Services1
Developer Tools1

Deal Size Distribution

5Y Capital: 39 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.

5Y Capital: 39 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M5
$25M-$50M6
$50M-$100M10
$100M-$250M8
$250M-$500M6
$500M-$1B2
$1B+0

Deals By Geography

5Y Capital: China has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

5Y Capital: China has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
China22
United States13
Europe2
Indonesia1
Hong Kong1
5Y Capital: 20 co-investors are shown, with GL Ventures sharing 7 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

5Y Capital: Led accounts for 38% and participating for 62% of round participation.All available history.
5Y Capital: Led accounts for 38% and participating for 62% of round participation. All available history
CategoryDeals (count)Share (%)
Led1538%
Participating2462%
5Y Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
5Y Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead533%
Co-led1067%

Team

Elwin Yuan

Partner

Ken Shi

Founding Partner

Levi Liu

Partner

Richard Liu

Founding Partner

Yu Cheng

Partner

Yuan Ye

Partner

Zeng Ying

Partner