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The Venture Codex

Overview

Pre-seed investment firm backing product-centric founders.

Founded

2016

Deals ยท 12mo

19

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Financial Services
Venture Capital

Investment portfolio

117rounds
NAMEDATESIZE
The Subvocal Company
Sep 2026Participated
$0.80 MSeed
Baselayer
Sep 2026Participated
$35 MSeries A
Hesper AI
Sep 2026Led
$2 MSeed
Volaren
Sep 2026Led
$1 MSeed
CivilGrid
Aug 2026Participated
$26 MSeries A
Hypercubic
Aug 2026Participated
$5 MSeed
Flourish Health
Jul 2026Participated
$26 MSeries A
Petra Labs
Jul 2026Participated
$5 MSeed
Neural Drive
Jun 2026Led
$0.25 MSeed
Hobbes
Apr 2026Participated
$5 MSeed
The Subvocal Company
Apr 2026Led
$0.50 MSeed
Noon
Apr 2026Participated
$44 MOther Equity
The Subvocal Company
Sep 2026Participated
$0.80 MSeed
Baselayer
Sep 2026Participated
$35 MSeries A
Hesper AI
Sep 2026Led
$2 MSeed
Volaren
Sep 2026Led
$1 MSeed
CivilGrid
Aug 2026Participated
$26 MSeries A
Hypercubic
Aug 2026Participated
$5 MSeed
Flourish Health
Jul 2026Participated
$26 MSeries A
Petra Labs
Jul 2026Participated
$5 MSeed
Neural Drive
Jun 2026Led
$0.25 MSeed
Hobbes
Apr 2026Participated
$5 MSeed
The Subvocal Company
Apr 2026Led
$0.50 MSeed
Noon
Apr 2026Participated
$44 MOther Equity
117
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Insights

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Deal Distribution

Afore Capital: 117 funding rounds are recorded in the selected participation categories.All available history.
Afore Capital: 117 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1541
Series A039
Series B05
Series C+03
Other Equity19
Debt04

Monthly Deal Activity

Afore Capital: 117 deals are recorded across 114 months.All available history.
Afore Capital: 117 deals are recorded across 114 months. All available history
MonthDeals
May '172
Jun '170
Jul '170
Aug '171
Sep '171
Oct '171
Nov '170
Dec '170
Jan '181
Feb '181
Mar '181
Apr '180
May '181
Jun '183
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '190
Apr '191
May '191
Jun '190
Jul '192
Aug '190
Sep '191
Oct '191
Nov '191
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '201
Oct '201
Nov '201
Dec '203
Jan '210
Feb '210
Mar '211
Apr '211
May '210
Jun '211
Jul '212
Aug '214
Sep '212
Oct '214
Nov '211
Dec '212
Jan '223
Feb '226
Mar '220
Apr '220
May '224
Jun '220
Jul '220
Aug '223
Sep '221
Oct '221
Nov '220
Dec '220
Jan '230
Feb '231
Mar '231
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '232
Oct '230
Nov '231
Dec '230
Jan '241
Feb '241
Mar '241
Apr '240
May '241
Jun '242
Jul '241
Aug '243
Sep '241
Oct '243
Nov '241
Dec '240
Jan '251
Feb '253
Mar '251
Apr '251
May '250
Jun '250
Jul '253
Aug '251
Sep '250
Oct '253
Nov '251
Dec '251
Jan '261
Feb '261
Mar '260
Apr '263
May '260
Jun '261
Jul '262
Aug '262
Sep '264
Oct '260

Sector Breakdown

Afore Capital: Enterprise Software is the largest displayed sector by deal count (48 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.

Afore Capital: Enterprise Software is the largest displayed sector by deal count (48 deals). All available history
SectorDeals
Enterprise Software48
AI & Machine Learning43
Fintech26
Networks, Cloud & Communication19
Health & Life Sciences17
E-Commerce & Retail13
Data, Analytics & IT13
Media & Entertainment11
Professional Services11
Developer Tools11
Cybersecurity & Privacy10
Hardware & Robotics10
Marketing & Advertising8
Consumer & Lifestyle7
Social & Community Platforms7
Clean Energy & Sustainability5
Transportation & Logistics5
Education & Workforce3
Space & Frontier Tech3
AR/VR2
Crypto & Blockchain2
Government & Defense1
Real Estate & Construction1
Manufacturing1
Gaming & eSports1

Deal Size Distribution

Afore Capital: 117 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.

Afore Capital: 117 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M37
$5M-$10M31
$10M-$25M28
$25M-$50M13
$50M-$100M4
$100M-$250M3
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Afore Capital: United States has the largest recorded deal count among the displayed regions (95 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

Afore Capital: United States has the largest recorded deal count among the displayed regions (95 deals). All available history
RegionDeals
United States95
Canada7
100125
United Arab Emirates2
Namibia2
Singapore2
Europe2
South Korea1
Brazil1
Afore Capital: 20 co-investors are shown, with Y Combinator sharing 17 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

Afore Capital: Led accounts for 14% and participating for 86% of round participation.All available history.
Afore Capital: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led1614%
Participating10186%
Afore Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Afore Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead850%
Co-led850%

Team

Anamitra Banerji

Managing Partner, Founder

Derrick Li

Principal

Gaurav Jain

Co-founder & Managing Partner

John Brownlee

Content Strategist

Nandeet Mehta

Venture Product Partner

Rajat Bhageria

Venture Product Partner