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The Venture Codex

Overview

Venture capital firm focused on cybersecurity entrepreneurs.

Founded

2021

Deals ยท 12mo

10

Stage focus

Seed
Series A
Series B

Geographic focus

Israel
United States

Sector focus

Cyber Security
Information Technology
Venture Capital

Investment portfolio

49rounds
NAMEDATESIZE
Armadin
Oct 2026Participated
$256 MSeries B
Oligo Security
Aug 2026Participated
$60 MOther Equity
Magnitude
Jun 2026Led
$10 MSeed
Above Security
Mar 2026Led
$43 MSeries A
Native
Mar 2026Led
$31 MSeries A
Armadin
Mar 2026Participated
$190 MSeed
Uforce
Mar 2026Participated
$50 MSeed
ArmorCode
Mar 2026Participated
$16 MOther Equity
Armadin
Dec 2025Led
$24 MSeed
Nudge Security
Nov 2025Participated
$23 MSeries A
Noma
Jul 2025Participated
$100 MSeries B
Reveal Technology
Jul 2025Led
$30 MSeries B
Armadin
Oct 2026Participated
$256 MSeries B
Oligo Security
Aug 2026Participated
$60 MOther Equity
Magnitude
Jun 2026Led
$10 MSeed
Above Security
Mar 2026Led
$43 MSeries A
Native
Mar 2026Led
$31 MSeries A
Armadin
Mar 2026Participated
$190 MSeed
Uforce
Mar 2026Participated
$50 MSeed
ArmorCode
Mar 2026Participated
$16 MOther Equity
Armadin
Dec 2025Led
$24 MSeed
Nudge Security
Nov 2025Participated
$23 MSeries A
Noma
Jul 2025Participated
$100 MSeries B
Reveal Technology
Jul 2025Led
$30 MSeries B
49
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Insights

Time horizon

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Deal Distribution

Ballistic Ventures: 49 funding rounds are recorded in the selected participation categories.All available history.
Ballistic Ventures: 49 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed114
Series A145
Series B28
Series C+01
Other Equity13

Monthly Deal Activity

Ballistic Ventures: 49 deals are recorded across 55 months.All available history.
Ballistic Ventures: 49 deals are recorded across 55 months. All available history
MonthDeals
Apr '221
May '223
Jun '220
Jul '220
Aug '221
Sep '220
Oct '222
Nov '223
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '242
Apr '241
May '243
Jun '240
Jul '240
Aug '240
Sep '241
Oct '243
Nov '240
Dec '240
Jan '251
Feb '252
Mar '252
Apr '253
May '251
Jun '251
Jul '254
Aug '250
Sep '250
Oct '250
Nov '251
Dec '251
Jan '260
Feb '260
Mar '265
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '261

Sector Breakdown

Ballistic Ventures: Cybersecurity & Privacy is the largest displayed sector by deal count (42 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.

Ballistic Ventures: Cybersecurity & Privacy is the largest displayed sector by deal count (42 deals). All available history
SectorDeals
Cybersecurity & Privacy42
AI & Machine Learning14
Enterprise Software13
Developer Tools7
Networks, Cloud & Communication5
Hardware & Robotics4
Professional Services4
Education & Workforce2
Government & Defense2
Transportation & Logistics2
Travel & Hospitality1
E-Commerce & Retail1
Data, Analytics & IT1
Crypto & Blockchain1
Food & Agriculture1

Deal Size Distribution

Ballistic Ventures: 49 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.

Ballistic Ventures: 49 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M4
$10M-$25M18
$25M-$50M14
$50M-$100M5
$100M-$250M5
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Ballistic Ventures: United States has the largest recorded deal count among the displayed regions (38 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Ballistic Ventures: United States has the largest recorded deal count among the displayed regions (38 deals). All available history
RegionDeals
United States38
Israel8
021081
Canada1
Europe1
Ballistic Ventures: 20 co-investors are shown, with Google Ventures sharing 8 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

Ballistic Ventures: Led accounts for 57% and participating for 43% of round participation.All available history.
Ballistic Ventures: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led2857%
Participating2143%
Ballistic Ventures: Single-lead accounts for 82% and co-led for 18% of lead dynamics.All available history.
Ballistic Ventures: Single-lead accounts for 82% and co-led for 18% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2382%
Co-led518%

Team

Barmak Meftah

Co-Founder & General Partner

David Hahn

CISO Operating Partner

David Schellhase

Entrepreneur in Residence

Gregory Crabb

CISO in Residence

Jake Seid

Co-Founder and General Partner

Roger Thornton

Co-Founder and General Partner

Ted Schlein

Chairman and General Partner