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The Venture Codex

Overview

Private equity firm focused on decarbonizing the industrial economy.

Founded

2017

Deals · 12mo

2

Stage focus

—

Geographic focus

United States

Sector focus

Energy
Finance
Financial Services
Impact Investing

Investment portfolio

8rounds
NAMEDATESIZE
Sedron
Apr 2026Led
$500 MOther Equity
Utility Global
Feb 2026Led
$100 MSeries D
Utility Global
Sep 2024Participated
$53 MSeries C
Divert
Mar 2023Led
$80 MOther Equity
Continuum
Dec 2022Led
$36 MOther Equity
Bioveritas
Oct 2022Led
$65 MOther Equity
Utility Global
Aug 2022Led
$25 MSeries B
Blue Whale Materials
May 2022Led
$80 MOther Equity
Sedron
Apr 2026Led
$500 MOther Equity
Utility Global
Feb 2026Led
$100 MSeries D
Utility Global
Sep 2024Participated
$53 MSeries C
Divert
Mar 2023Led
$80 MOther Equity
Continuum
Dec 2022Led
$36 MOther Equity
Bioveritas
Oct 2022Led
$65 MOther Equity
Utility Global
Aug 2022Led
$25 MSeries B
Blue Whale Materials
May 2022Led
$80 MOther Equity
8
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Insights

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Deal Distribution

Ara Partners: 8 funding rounds are recorded in the selected participation categories.All available history.
Ara Partners: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B10
Series C+11
Other Equity50

Monthly Deal Activity

Ara Partners: 8 deals are recorded across 54 months.All available history.
Ara Partners: 8 deals are recorded across 54 months. All available history
MonthDeals
May '221
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
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 '261
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Ara Partners: Clean Energy & Sustainability is the largest displayed sector by deal count (8 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.

Ara Partners: Clean Energy & Sustainability is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Clean Energy & Sustainability8
Manufacturing1
Health & Life Sciences1

Deal Size Distribution

Ara Partners: 8 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.

Ara Partners: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M2
$50M-$100M4
$100M-$250M1
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

Ara Partners: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Ara Partners: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Ara Partners: 7 co-investors are shown, with Aramco Ventures (Saudi Aramco Energy Ventures) sharing 2 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.

Ara Partners: 7 co-investors are shown, with Aramco Ventures (Saudi Aramco Energy Ventures) sharing 2 recorded deals. All available history
Co-investorShared deals
Aramco Ventures (Saudi Aramco Energy Ventures)2
APG1
ArcelorMittal1
Enbridge1
NOVA1
Ontario Power Generation Pension Fund1
Samsung Ventures1

Investment Strategy

Ara Partners: Led accounts for 88% and participating for 13% of round participation.All available history.
Ara Partners: Led accounts for 88% and participating for 13% of round participation. All available history
CategoryDeals (count)Share (%)
Led788%
Participating113%
Ara Partners: Single-lead accounts for 86% and co-led for 14% of lead dynamics.All available history.
Ara Partners: Single-lead accounts for 86% and co-led for 14% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead686%
Co-led114%

Team

Adam Hodgson

Associate

Ari David

Vice President

Charles Cherington

Co-Founder, Managing Partner & Member of Investment Committee

Cory Steffek

Managing Director

Grant Haddix

Operating Partner

James Wang

Managing Director

Robert Bond

Associate

Sarah Kent

Industrial Partner

Troy Thacker

Co-Founder, Managing Partner & Member of Investment Committee