The Venture Codex Logo

The Venture Codex

Begin Capital

1st Floor 48 Chancery Lane, London, WC2A 1JF, United Kingdom

Overview

International venture capital fund investing in early-stage startups.

Founded

2019

Deals · 12mo

9

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

The Netherlands
United Kingdom
United States

Sector focus

B2B
Cloud Infrastructure
Cyber Security
Database
...

Investment portfolio

23rounds
NAMEDATESIZE
Dwelly
Jul 2026Participated
$170 MSeries B
DesignVerse
May 2026Participated
$6 MSeed
All3
Apr 2026Participated
$25 MSeed
Crewline AI
Apr 2026Participated
$7 MSeed
xmemory
Mar 2026Led
$4 MSeed
Dwelly
Feb 2026Participated
$93 MDebt
SurrealDB
Feb 2026Participated
$23 MSeries A
AppFactor
Feb 2026Participated
$4 MSeed
Runware
Dec 2025Participated
$50 MSeries A
Runware
Sep 2025Participated
$13 MSeed
Runware
Oct 2024Participated
$3 MOther Equity
Streamkap
Aug 2024Participated
$3 MSeed
Dwelly
Jul 2026Participated
$170 MSeries B
DesignVerse
May 2026Participated
$6 MSeed
All3
Apr 2026Participated
$25 MSeed
Crewline AI
Apr 2026Participated
$7 MSeed
xmemory
Mar 2026Led
$4 MSeed
Dwelly
Feb 2026Participated
$93 MDebt
SurrealDB
Feb 2026Participated
$23 MSeries A
AppFactor
Feb 2026Participated
$4 MSeed
Runware
Dec 2025Participated
$50 MSeries A
Runware
Sep 2025Participated
$13 MSeed
Runware
Oct 2024Participated
$3 MOther Equity
Streamkap
Aug 2024Participated
$3 MSeed
23
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Begin Capital: 23 funding rounds are recorded in the selected participation categories.All available history.
Begin Capital: 23 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed29
Series A25
Series B01
Other Equity12
Debt01

Monthly Deal Activity

Begin Capital: 23 deals are recorded across 78 months.All available history.
Begin Capital: 23 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '211
Jun '211
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '242
Jun '240
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '251
Jan '260
Feb '263
Mar '261
Apr '262
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Begin Capital: AI & Machine Learning is the largest displayed sector by deal count (12 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.

Begin Capital: AI & Machine Learning is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
AI & Machine Learning12
Enterprise Software11
Networks, Cloud & Communication7
Data, Analytics & IT6
Developer Tools6
Real Estate & Construction5
E-Commerce & Retail4
Hardware & Robotics2
Health & Life Sciences2
Professional Services2
Education & Workforce1
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Space & Frontier Tech1
Transportation & Logistics1
Consumer & Lifestyle1
Marketing & Advertising1
Fintech1
Manufacturing1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Begin Capital: 23 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.

Begin Capital: 23 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M4
$10M-$25M6
$25M-$50M1
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Begin Capital: Europe has the largest recorded deal count among the displayed regions (17 deals).All available history.

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

Begin Capital: Europe has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
Europe17
United States5
Brasil1
Begin Capital: 20 co-investors are shown, with Data Community Fund sharing 3 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.

Begin Capital: 20 co-investors are shown, with Data Community Fund sharing 3 recorded deals. All available history
Co-investorShared deals
Data Community Fund3
S16VC3
42CAP2
a16z Speedrun2
Antler2
FJ Labs2
General Catalyst2
Insight Partners2
Trinity Capital2
33East1
468 Capital1
8VC1
AAl VC1
Adara Ventures1
All Iron Ventures1
Andreessen Horowitz1
Angelsdeck1
Baring Vostok1
Beat Venture1
BrightCap Ventures1

Investment Strategy

Begin Capital: Led accounts for 22% and participating for 78% of round participation.All available history.
Begin Capital: Led accounts for 22% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led522%
Participating1878%
Begin Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
Begin Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Alex Menn

Managing Partner

Joel van Dijk

Principal

Ruslan Sarkisyan

Managing Partner

Saagar Bhavsar

Principal