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The Venture Codex

Overview

Early-stage venture capital firm investing in transformational startups.

Founded

1995

Deals ยท 12mo

30

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Finance
Venture Capital

Investment portfolio

358rounds
NAMEDATESIZE
Furientis
Oct 2026Led
$25 MSeed
Instinct
Sep 2026Participated
$1.0 BSeries C
Numeral
Sep 2026Participated
$100 MSeries C
Cognition
Sep 2026Participated
$2.0 BSeries E
Deep Cogito
Aug 2026Participated
$43 MSeries A
Instinct
Aug 2026Led
$250 MSeries B
Starcloud (Lumen Orbit)
Aug 2026Participated
$250 MSeries A
Decade
Aug 2026Participated
$85 MSeed
Bullpen
Jul 2026Led
$17 MSeries A
Ollama
Jul 2026Participated
$65 MSeries B
Fomo
Jun 2026Participated
$75 MSeries B
Pax
May 2026Led
$40 MSeed
Furientis
Oct 2026Led
$25 MSeed
Instinct
Sep 2026Participated
$1.0 BSeries C
Numeral
Sep 2026Participated
$100 MSeries C
Cognition
Sep 2026Participated
$2.0 BSeries E
Deep Cogito
Aug 2026Participated
$43 MSeries A
Instinct
Aug 2026Led
$250 MSeries B
Starcloud (Lumen Orbit)
Aug 2026Participated
$250 MSeries A
Decade
Aug 2026Participated
$85 MSeed
Bullpen
Jul 2026Led
$17 MSeries A
Ollama
Jul 2026Participated
$65 MSeries B
Fomo
Jun 2026Participated
$75 MSeries B
Pax
May 2026Led
$40 MSeed
358
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Benchmark Capital: 358 funding rounds are recorded in the selected participation categories.All available history.
Benchmark Capital: 358 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed85
Series A6214
Series B2955
Series C+7100
Other Equity2751

Monthly Deal Activity

Benchmark Capital: 358 deals are recorded across 248 months.All available history.
Benchmark Capital: 358 deals are recorded across 248 months. All available history
MonthDeals
Mar '061
Apr '060
May '060
Jun '061
Jul '061
Aug '060
Sep '061
Oct '061
Nov '060
Dec '060
Jan '070
Feb '072
Mar '070
Apr '072
May '070
Jun '070
Jul '072
Aug '071
Sep '070
Oct '070
Nov '070
Dec '070
Jan '081
Feb '081
Mar '082
Apr '083
May '081
Jun '082
Jul '080
Aug '080
Sep '080
Oct '083
Nov '081
Dec '081
Jan '090
Feb '091
Mar '090
Apr '091
May '091
Jun '091
Jul '090
Aug '091
Sep '091
Oct '090
Nov '090
Dec '091
Jan '102
Feb '103
Mar '105
Apr '102
May '102
Jun '102
Jul '101
Aug '100
Sep '102
Oct '101
Nov '103
Dec '103
Jan '110
Feb '115
Mar '114
Apr '114
May '110
Jun '111
Jul '112
Aug '113
Sep '114
Oct '111
Nov '114
Dec '113
Jan '122
Feb '122
Mar '121
Apr '125
May '120
Jun '124
Jul '124
Aug '121
Sep '122
Oct '123
Nov '123
Dec '122
Jan '131
Feb '136
Mar '130
Apr '132
May '130
Jun '134
Jul '132
Aug '130
Sep '133
Oct '137
Nov '131
Dec '133
Jan '141
Feb '141
Mar '143
Apr '143
May '143
Jun '141
Jul '142
Aug '140
Sep '142
Oct '141
Nov '142
Dec '140
Jan '150
Feb '152
Mar '155
Apr '152
May '150
Jun '152
Jul '153
Aug '151
Sep '151
Oct '152
Nov '150
Dec '150
Jan '163
Feb '160
Mar '161
Apr '161
May '161
Jun '161
Jul '161
Aug '160
Sep '161
Oct '160
Nov '160
Dec '161
Jan '170
Feb '171
Mar '172
Apr '171
May '172
Jun '171
Jul '172
Aug '171
Sep '170
Oct '171
Nov '170
Dec '172
Jan '183
Feb '180
Mar '180
Apr '181
May '182
Jun '181
Jul '180
Aug '181
Sep '180
Oct '181
Nov '182
Dec '182
Jan '192
Feb '191
Mar '193
Apr '190
May '191
Jun '191
Jul '192
Aug '192
Sep '193
Oct '191
Nov '192
Dec '192
Jan '200
Feb '200
Mar '200
Apr '201
May '205
Jun '200
Jul '200
Aug '201
Sep '201
Oct '201
Nov '201
Dec '201
Jan '212
Feb '212
Mar '212
Apr '211
May '214
Jun '211
Jul '213
Aug '210
Sep '214
Oct '212
Nov '212
Dec '214
Jan '221
Feb '221
Mar '222
Apr '221
May '222
Jun '222
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '232
Feb '233
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '242
Feb '241
Mar '241
Apr '240
May '241
Jun '243
Jul '241
Aug '240
Sep '242
Oct '240
Nov '242
Dec '242
Jan '250
Feb '251
Mar '251
Apr '252
May '252
Jun '252
Jul '250
Aug '252
Sep '254
Oct '254
Nov '254
Dec '250
Jan '260
Feb '261
Mar '263
Apr '262
May '265
Jun '261
Jul '262
Aug '264
Sep '263
Oct '261

Sector Breakdown

Benchmark Capital: Enterprise Software is the largest displayed sector by deal count (184 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.

Benchmark Capital: Enterprise Software is the largest displayed sector by deal count (184 deals). All available history
SectorDeals
Enterprise Software184
Networks, Cloud & Communication113
AI & Machine Learning69
Data, Analytics & IT66
Professional Services48
Marketing & Advertising47
Developer Tools46
Social & Community Platforms44
E-Commerce & Retail42
Media & Entertainment42
Hardware & Robotics30
Consumer & Lifestyle26
Fintech26
Gaming & eSports26
Health & Life Sciences24
Cybersecurity & Privacy21
Travel & Hospitality12
Crypto & Blockchain12
Transportation & Logistics11
Education & Workforce10
Government & Defense8
Space & Frontier Tech8
Food & Agriculture7
AR/VR6
Manufacturing5
Real Estate & Construction4
Clean Energy & Sustainability2

Deal Size Distribution

Benchmark Capital: 358 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.

Benchmark Capital: 358 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M50
$10M-$25M130
$25M-$50M76
$50M-$100M50
$100M-$250M24
$250M-$500M8
$500M-$1B4
$1B+4

Deals By Geography

Benchmark Capital: United States has the largest recorded deal count among the displayed regions (319 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Benchmark Capital: United States has the largest recorded deal count among the displayed regions (319 deals). All available history
RegionDeals
United States319
Europe19
Israel11
Brazil4
941083
105771
Singapore1
Benchmark Capital: 20 co-investors are shown, with Index Ventures sharing 40 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

Benchmark Capital: Led accounts for 37% and participating for 63% of round participation.All available history.
Benchmark Capital: Led accounts for 37% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led13337%
Participating22563%
Benchmark Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics.All available history.
Benchmark Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead11083%
Co-led2317%

Team

Ben Rubin

Entrepreneur In Residence

Bob Kagle

Owner & General Partner

Bruce Dunlevie

General Partner

Eric Vishria

General Partner

Jack Altman

CEO and Co-founder

Kevin Harvey

Founder & General Partner

Peter Fenton

General Partner

Scott Belsky

Venture Partner