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The Venture Codex

Overview

Investment firm focused on early to mid-stage private space companies.

Founded

2023

Deals · 12mo

8

Stage focus

Seed
Series A
Series B

Geographic focus

New Zealand
United Kingdom
United States

Sector focus

—

Investment portfolio

18rounds
NAMEDATESIZE
Dawn Aerospace
Jun 2026Participated
$25 MSeries B
Fabri
Jun 2026Participated
$14 MOther Equity
Magrathea
May 2026Led
$24 MSeries A
Vast
Mar 2026Led
$500 MSeries A
Machina Labs
Feb 2026Participated
$124 MSeries C
Samara Aerospace
Jan 2026Led
$10 MSeed
Valar Atomics
Dec 2025Participated
$130 MSeries A
AnySignal
Dec 2025Participated
$24 MSeries A
Space Kinetic
Aug 2025Led
$12 MSeed
Impulse Space
Jun 2025Participated
$300 MSeries C
Zeno Power
May 2025Participated
$50 MSeries B
X-Bow Launch Systems
May 2025Participated
$105 MSeries B
Dawn Aerospace
Jun 2026Participated
$25 MSeries B
Fabri
Jun 2026Participated
$14 MOther Equity
Magrathea
May 2026Led
$24 MSeries A
Vast
Mar 2026Led
$500 MSeries A
Machina Labs
Feb 2026Participated
$124 MSeries C
Samara Aerospace
Jan 2026Led
$10 MSeed
Valar Atomics
Dec 2025Participated
$130 MSeries A
AnySignal
Dec 2025Participated
$24 MSeries A
Space Kinetic
Aug 2025Led
$12 MSeed
Impulse Space
Jun 2025Participated
$300 MSeries C
Zeno Power
May 2025Participated
$50 MSeries B
X-Bow Launch Systems
May 2025Participated
$105 MSeries B
18
Items
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Insights

Time horizon

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Deal Distribution

Balerion Space Ventures: 18 funding rounds are recorded in the selected participation categories.All available history.
Balerion Space Ventures: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed32
Series A23
Series B05
Series C+02
Other Equity01

Monthly Deal Activity

Balerion Space Ventures: 18 deals are recorded across 42 months.All available history.
Balerion Space Ventures: 18 deals are recorded across 42 months. All available history
MonthDeals
May '231
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 '241
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '252
Jun '251
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '252
Jan '261
Feb '261
Mar '261
Apr '260
May '261
Jun '262
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Balerion Space Ventures: Space & Frontier Tech is the largest displayed sector by deal count (14 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.

Balerion Space Ventures: Space & Frontier Tech is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
Space & Frontier Tech14
Manufacturing9
Hardware & Robotics6
Clean Energy & Sustainability5
Transportation & Logistics4
Networks, Cloud & Communication2
AI & Machine Learning2
Enterprise Software1
Media & Entertainment1

Deal Size Distribution

Balerion Space Ventures: 18 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.

Balerion Space Ventures: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M7
$25M-$50M2
$50M-$100M2
$100M-$250M4
$250M-$500M1
$500M-$1B1
$1B+0

Deals By Geography

Balerion Space Ventures: United States has the largest recorded deal count among the displayed regions (16 deals).All available history.

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

Balerion Space Ventures: United States has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
United States16
Europe1
New Zealand1
Balerion Space Ventures: 20 co-investors are shown, with Founders Fund 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

Balerion Space Ventures: Led accounts for 28% and participating for 72% of round participation.All available history.
Balerion Space Ventures: Led accounts for 28% and participating for 72% of round participation. All available history
CategoryDeals (count)Share (%)
Led528%
Participating1372%
Balerion Space Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
Balerion Space Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead480%
Co-led120%

Team