The Venture Codex Logo

The Venture Codex

Overview

Business angel syndicate investing in early-stage Scottish companies.

Founded

1992

Deals ยท 12mo

6

Stage focus

Seed

Geographic focus

United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

43rounds
NAMEDATESIZE
CSignum
Sep 2026Participated
$3 MOther Equity
iGii
Sep 2026Participated
$16 MSeries B
Bioliberty
Mar 2026Participated
$8 MSeries A
Earth Blox
Mar 2026Participated
$8 MOther Equity
BioCaptiva
Mar 2026Led
$2 MOther Equity
1inhaler
Nov 2025Led
$2 MSeed
CSignum
Apr 2025Led
$8 MSeries A
Neuranics
Apr 2025Participated
$8 MSeed
Cytomos
Nov 2024Led
$7 MOther Equity
Restoke
Sep 2024Participated
$5 MOther Equity
Administrate
Aug 2024Participated
$4 MOther Equity
iGii
Jun 2024Participated
$11 MOther Equity
CSignum
Sep 2026Participated
$3 MOther Equity
iGii
Sep 2026Participated
$16 MSeries B
Bioliberty
Mar 2026Participated
$8 MSeries A
Earth Blox
Mar 2026Participated
$8 MOther Equity
BioCaptiva
Mar 2026Led
$2 MOther Equity
1inhaler
Nov 2025Led
$2 MSeed
CSignum
Apr 2025Led
$8 MSeries A
Neuranics
Apr 2025Participated
$8 MSeed
Cytomos
Nov 2024Led
$7 MOther Equity
Restoke
Sep 2024Participated
$5 MOther Equity
Administrate
Aug 2024Participated
$4 MOther Equity
iGii
Jun 2024Participated
$11 MOther Equity
43
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Archangels: 43 funding rounds are recorded in the selected participation categories.All available history.
Archangels: 43 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed52
Series A21
Series B01
Other Equity1912
Debt10

Monthly Deal Activity

Archangels: 43 deals are recorded across 202 months.All available history.
Archangels: 43 deals are recorded across 202 months. All available history
MonthDeals
Jan '101
Feb '100
Mar '100
Apr '100
May '100
Jun '100
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 '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '123
Dec '120
Jan '130
Feb '131
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '141
Jun '140
Jul '140
Aug '140
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '151
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 '172
Apr '171
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 '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '191
Sep '191
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 '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '223
Jul '222
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '231
Aug '232
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '263
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Archangels: Health & Life Sciences is the largest displayed sector by deal count (23 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.

Archangels: Health & Life Sciences is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Health & Life Sciences23
Enterprise Software11
Professional Services8
Education & Workforce5
Networks, Cloud & Communication5
AI & Machine Learning5
Data, Analytics & IT4
Manufacturing4
Real Estate & Construction3
AR/VR2
Space & Frontier Tech2
Hardware & Robotics2
Travel & Hospitality1
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Transportation & Logistics1
Marketing & Advertising1
Fintech1
Food & Agriculture1

Deal Size Distribution

Archangels: 43 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.

Archangels: 43 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M28
$5M-$10M13
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Archangels: Europe has the largest recorded deal count among the displayed regions (37 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Archangels: Europe has the largest recorded deal count among the displayed regions (37 deals). All available history
RegionDeals
Europe37
United States5
Australia1
Archangels: 20 co-investors are shown, with Scottish Enterprise sharing 28 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

Archangels: Led accounts for 63% and participating for 37% of round participation.All available history.
Archangels: Led accounts for 63% and participating for 37% of round participation. All available history
CategoryDeals (count)Share (%)
Led2763%
Participating1637%
Archangels: Single-lead accounts for 81% and co-led for 19% of lead dynamics.All available history.
Archangels: Single-lead accounts for 81% and co-led for 19% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2281%
Co-led519%

Team

David Ovens

Joint Managing Director

Eric Young

Chairman

Lindsay Miller

Office Manager

Mike Rutterford

Board Member

Niki McKenzie

Joint Managing Director

Sarah Hardy

Director, Head of New Investment

Shaolei McKie

Investment Executive