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The Venture Codex

Overview

Growth stage private equity firm for recurring revenue software companies.

Founded

1999

Deals · 12mo

1

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

39rounds
NAMEDATESIZE
Cart.com
Mar 2026Participated
$180 MOther Equity
TaDaweb
Jun 2025Led
$20 MOther Equity
OneRail
Dec 2024Participated
$42 MSeries C
OneRail
Nov 2022Led
$33 MSeries B
Virtual Internships
Sep 2022Participated
$14 MSeries A
Sayari Labs
Sep 2021Participated
$40 MSeries C
Cart.com
Aug 2021Participated
$98 MSeries B
Honorlock
Apr 2021Participated
$25 MSeries B
Cart.com
Apr 2021Led
$25 MSeries A
Onapsis
Oct 2020Participated
$55 MSeries D
Sayari Labs
Jul 2020Participated
$3 MSeries B
Second Nature
Mar 2020Participated
$16 MSeries C
Cart.com
Mar 2026Participated
$180 MOther Equity
TaDaweb
Jun 2025Led
$20 MOther Equity
OneRail
Dec 2024Participated
$42 MSeries C
OneRail
Nov 2022Led
$33 MSeries B
Virtual Internships
Sep 2022Participated
$14 MSeries A
Sayari Labs
Sep 2021Participated
$40 MSeries C
Cart.com
Aug 2021Participated
$98 MSeries B
Honorlock
Apr 2021Participated
$25 MSeries B
Cart.com
Apr 2021Led
$25 MSeries A
Onapsis
Oct 2020Participated
$55 MSeries D
Sayari Labs
Jul 2020Participated
$3 MSeries B
Second Nature
Mar 2020Participated
$16 MSeries C
39
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Insights

Time horizon

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Deal Distribution

Arsenal Venture Partners: 39 funding rounds are recorded in the selected participation categories.All available history.
Arsenal Venture Partners: 39 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A29
Series B210
Series C+06
Other Equity37

Monthly Deal Activity

Arsenal Venture Partners: 39 deals are recorded across 176 months.All available history.
Arsenal Venture Partners: 39 deals are recorded across 176 months. All available history
MonthDeals
Mar '121
Apr '120
May '121
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '131
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 '141
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '151
Mar '153
Apr '152
May '150
Jun '150
Jul '150
Aug '150
Sep '152
Oct '150
Nov '151
Dec '150
Jan '160
Feb '161
Mar '160
Apr '160
May '161
Jun '160
Jul '161
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '172
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '202
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '212
May '210
Jun '210
Jul '210
Aug '211
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
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 '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Arsenal Venture Partners: Enterprise Software is the largest displayed sector by deal count (19 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.

Arsenal Venture Partners: Enterprise Software is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Enterprise Software19
Networks, Cloud & Communication11
Data, Analytics & IT8
Cybersecurity & Privacy7
Space & Frontier Tech7
Transportation & Logistics7
Education & Workforce6
Manufacturing6
Consumer & Lifestyle5
Hardware & Robotics5
Health & Life Sciences5
E-Commerce & Retail4
AR/VR2
Real Estate & Construction2
Marketing & Advertising2
Fintech2
AI & Machine Learning2
Professional Services2
Government & Defense1
Clean Energy & Sustainability1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Arsenal Venture Partners: 39 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.

Arsenal Venture Partners: 39 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M6
$10M-$25M15
$25M-$50M7
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Arsenal Venture Partners: United States has the largest recorded deal count among the displayed regions (37 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Arsenal Venture Partners: United States has the largest recorded deal count among the displayed regions (37 deals). All available history
RegionDeals
United States37
Europe2
Arsenal Venture Partners: 20 co-investors are shown, with Allos Ventures sharing 4 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

Arsenal Venture Partners: Led accounts for 18% and participating for 82% of round participation.All available history.
Arsenal Venture Partners: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led718%
Participating3282%
Arsenal Venture Partners: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Arsenal Venture Partners: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Amy Brooks

Finance Director

Henry Huey

Principal - Technology

Jason Rottenberg

General Partner & Co-Founder

Jeff Goldstein

Vice President

John Trbovich

Co-Founder and General Partner

Orlando Mendoza

General Partner

William Pangas

Associate & Principal