The Venture Codex Logo

The Venture Codex

Overview

Global investment firm partnering with high-growth commerce companies.

Founded

2015

Deals · 12mo

12

Stage focus

Series A
Series B

Geographic focus

Germany
United States

Sector focus

Finance
Financial Services
Impact Investing
Venture Capital

Investment portfolio

83rounds
NAMEDATESIZE
Stuut Technologies
Oct 2026Participated
$53 MSeries B
Limetax
Sep 2026Participated
$42 MDebt
Stabledash
Jul 2026Participated
$38 MSeries A
Velocity
Jul 2026Participated
$38 MSeries A
Sherpa
Jul 2026Led
$2 MSeed
Partly
Jun 2026Participated
$50 MSeries B
Trinio
May 2026Participated
$6 MSeed
Adapt.com
Feb 2026Led
$10 MSeed
Finny
Dec 2025Participated
$17 MSeries A
Airwallex
Dec 2025Participated
$330 MSeries G
Teacher's Buddy
Nov 2025Participated
$2 MSeed
Stuut Technologies
Nov 2025Participated
$30 MSeries A
Stuut Technologies
Oct 2026Participated
$53 MSeries B
Limetax
Sep 2026Participated
$42 MDebt
Stabledash
Jul 2026Participated
$38 MSeries A
Velocity
Jul 2026Participated
$38 MSeries A
Sherpa
Jul 2026Led
$2 MSeed
Partly
Jun 2026Participated
$50 MSeries B
Trinio
May 2026Participated
$6 MSeed
Adapt.com
Feb 2026Led
$10 MSeed
Finny
Dec 2025Participated
$17 MSeries A
Airwallex
Dec 2025Participated
$330 MSeries G
Teacher's Buddy
Nov 2025Participated
$2 MSeed
Stuut Technologies
Nov 2025Participated
$30 MSeries A
83
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Activant Capital: 83 funding rounds are recorded in the selected participation categories.All available history.
Activant Capital: 83 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed45
Series A515
Series B713
Series C+417
Other Equity56
Debt11

Monthly Deal Activity

Activant Capital: 83 deals are recorded across 149 months.All available history.
Activant Capital: 83 deals are recorded across 149 months. All available history
MonthDeals
Jun '141
Jul '141
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '151
Jul '151
Aug '150
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 '171
Mar '171
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '171
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '181
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '191
Aug '192
Sep '191
Oct '190
Nov '190
Dec '190
Jan '201
Feb '202
Mar '200
Apr '200
May '202
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '212
Apr '211
May '210
Jun '211
Jul '215
Aug '211
Sep '210
Oct '210
Nov '213
Dec '211
Jan '222
Feb '220
Mar '222
Apr '220
May '220
Jun '221
Jul '221
Aug '222
Sep '222
Oct '220
Nov '221
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '232
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '241
Oct '241
Nov '241
Dec '240
Jan '250
Feb '253
Mar '250
Apr '250
May '254
Jun '252
Jul '250
Aug '251
Sep '250
Oct '251
Nov '252
Dec '252
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '261
Jul '263
Aug '260
Sep '261
Oct '261

Sector Breakdown

Activant Capital: Enterprise Software is the largest displayed sector by deal count (36 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.

Activant Capital: Enterprise Software is the largest displayed sector by deal count (36 deals). All available history
SectorDeals
Enterprise Software36
Fintech36
E-Commerce & Retail20
AI & Machine Learning18
Data, Analytics & IT12
Transportation & Logistics10
Professional Services10
Real Estate & Construction9
Cybersecurity & Privacy8
Health & Life Sciences8
Networks, Cloud & Communication7
Food & Agriculture6
Crypto & Blockchain5
Media & Entertainment3
Developer Tools3
Clean Energy & Sustainability2
Space & Frontier Tech2
Hardware & Robotics2
Social & Community Platforms2
Education & Workforce1
Consumer & Lifestyle1
Marketing & Advertising1
Manufacturing1

Deal Size Distribution

Activant Capital: 83 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.

Activant Capital: 83 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M6
$10M-$25M16
$25M-$50M25
$50M-$100M17
$100M-$250M12
$250M-$500M4
$500M-$1B0
$1B+1

Deals By Geography

Activant Capital: United States has the largest recorded deal count among the displayed regions (58 deals).All available history.

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

Activant Capital: United States has the largest recorded deal count among the displayed regions (58 deals). All available history
RegionDeals
United States58
Europe13
Canada3
Australia2
Singapore2
Brazil1
Mexico1
New Zealand1
United Arab Emirates1
Israel1
Activant Capital: 20 co-investors are shown, with Andreessen Horowitz 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

Activant Capital: Led accounts for 31% and participating for 69% of round participation.All available history.
Activant Capital: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led2631%
Participating5769%
Activant Capital: Single-lead accounts for 65% and co-led for 35% of lead dynamics.All available history.
Activant Capital: Single-lead accounts for 65% and co-led for 35% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1765%
Co-led935%

Team

David Yang

Partner

JJ Brink

Research Associate

Max Thoeny

Investment Team

Shawn Jung

Partner

Steve Sarracino

Founder and Partner