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The Venture Codex

Overview

Nonprofit venture fund investing in services for low-income communities.

Founded

2001

Deals · 12mo

2

Stage focus

Seed
Series A
Series B

Geographic focus

Ghana
India
Kenya
United Kingdom
...

Sector focus

Agriculture
Clean Energy
Communities
Education
...

Investment portfolio

33rounds
NAMEDATESIZE
AIFOD
Oct 2026Led
$5 MSeries A
Sun King
Sep 2026Led
$5 MOther Equity
Winich Inc (Winich Farms)
Oct 2024Led
$4 MSeries A
IBISA
Jun 2024Led
$3 MOther Equity
SunCulture
Apr 2024Participated
$28 MSeries B
Ampersand
Jan 2024Participated
$20 MOther Equity
AquaRech
Dec 2023Participated
$2 MOther Equity
Complete Farmer
Sep 2023Led
$10 MSeries A
FarmWorks
Jul 2023Led
$4 MSeries A
Victory Farms
Apr 2023Participated
$35 MSeries B
INCLUIRTEC
Feb 2023Led
$0.42 MOther Equity
Zeraki
Dec 2022Led
$2 MSeed
AIFOD
Oct 2026Led
$5 MSeries A
Sun King
Sep 2026Led
$5 MOther Equity
Winich Inc (Winich Farms)
Oct 2024Led
$4 MSeries A
IBISA
Jun 2024Led
$3 MOther Equity
SunCulture
Apr 2024Participated
$28 MSeries B
Ampersand
Jan 2024Participated
$20 MOther Equity
AquaRech
Dec 2023Participated
$2 MOther Equity
Complete Farmer
Sep 2023Led
$10 MSeries A
FarmWorks
Jul 2023Led
$4 MSeries A
Victory Farms
Apr 2023Participated
$35 MSeries B
INCLUIRTEC
Feb 2023Led
$0.42 MOther Equity
Zeraki
Dec 2022Led
$2 MSeed
33
Items
...
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Insights

Time horizon

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Deal Distribution

Acumen: 33 funding rounds are recorded in the selected participation categories.All available history.
Acumen: 33 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed43
Series A52
Series B14
Series C+01
Other Equity65
Debt11

Monthly Deal Activity

Acumen: 33 deals are recorded across 205 months.All available history.
Acumen: 33 deals are recorded across 205 months. All available history
MonthDeals
Oct '091
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '101
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '121
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '141
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '161
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
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 '191
May '190
Jun '192
Jul '190
Aug '191
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 '202
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '222
Dec '221
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '230
Dec '231
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
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 '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

Acumen: Clean Energy & Sustainability is the largest displayed sector by deal count (12 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.

Acumen: Clean Energy & Sustainability is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Clean Energy & Sustainability12
Fintech11
Food & Agriculture11
Networks, Cloud & Communication5
Education & Workforce4
Manufacturing4
Health & Life Sciences3
Government & Defense2
Data, Analytics & IT2
Transportation & Logistics2
Consumer & Lifestyle2
Enterprise Software1
E-Commerce & Retail1
Marketing & Advertising1
Media & Entertainment1
AI & Machine Learning1
Professional Services1
Social & Community Platforms1

Deal Size Distribution

Acumen: 33 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.

Acumen: 33 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M17
$5M-$10M8
$10M-$25M6
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Acumen: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Acumen: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
Kenya8
Europe5
India2
Ghana2
Rwanda1
Colombia1
Sierra Leone1
Acumen: 20 co-investors are shown, with Impact Engine 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.

Investment Strategy

Acumen: Led accounts for 52% and participating for 48% of round participation.All available history.
Acumen: Led accounts for 52% and participating for 48% of round participation. All available history
CategoryDeals (count)Share (%)
Led1752%
Participating1648%
Acumen: Single-lead accounts for 47% and co-led for 53% of lead dynamics.All available history.
Acumen: Single-lead accounts for 47% and co-led for 53% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead847%
Co-led953%

Team

Amrita Bhandari

Chief of Insights and Strategy

Brian Trelstad

Chief Investment Officer

Catherine Casey Nanda

Director, Acumen America

Jiwoo Choi

Chief of Strategic Initiatives

Jo-Ann Tan

Director, Acumen Academy

Stella Tran

Senior Associate