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The Venture Codex

Overview

Venture capital firm investing in early-stage blockchain companies.

Founded

2017

Deals ยท 12mo

7

Stage focus

Seed
Series A

Geographic focus

Canada
Switzerland
United States

Sector focus

Blockchain
Finance
Venture Capital

Investment portfolio

59rounds
NAMEDATESIZE
Enigmata
Sep 2026Led
$7 MSeed
Pact Labs
Jul 2026Participated
$7 MSeries A
Cycles
May 2026Led
$6 MOther Equity
Balcony
May 2026Led
$13 MSeed
W3.io
Apr 2026Led
$7 MSeed
Unicity Labs
Feb 2026Led
$3 MSeed
TestMachine
Dec 2025Led
$7 MOther Equity
Kira
Aug 2025Led
$7 MSeed
Blockskye
Jul 2025Led
$16 MOther Equity
Zama
Jun 2025Led
$57 MSeries B
XP
May 2025Led
$6 MOther Equity
Dinari
May 2025Led
$13 MSeries A
Enigmata
Sep 2026Led
$7 MSeed
Pact Labs
Jul 2026Participated
$7 MSeries A
Cycles
May 2026Led
$6 MOther Equity
Balcony
May 2026Led
$13 MSeed
W3.io
Apr 2026Led
$7 MSeed
Unicity Labs
Feb 2026Led
$3 MSeed
TestMachine
Dec 2025Led
$7 MOther Equity
Kira
Aug 2025Led
$7 MSeed
Blockskye
Jul 2025Led
$16 MOther Equity
Zama
Jun 2025Led
$57 MSeries B
XP
May 2025Led
$6 MOther Equity
Dinari
May 2025Led
$13 MSeries A
59
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Insights

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Deal Distribution

Blockchange Ventures: 59 funding rounds are recorded in the selected participation categories.All available history.
Blockchange Ventures: 59 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed186
Series A38
Series B11
Other Equity1010
ICO02

Monthly Deal Activity

Blockchange Ventures: 59 deals are recorded across 106 months.All available history.
Blockchange Ventures: 59 deals are recorded across 106 months. All available history
MonthDeals
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '181
Nov '180
Dec '181
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '191
Nov '190
Dec '191
Jan '200
Feb '200
Mar '201
Apr '200
May '201
Jun '200
Jul '200
Aug '201
Sep '200
Oct '202
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '213
Jan '220
Feb '221
Mar '220
Apr '222
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '221
Nov '222
Dec '220
Jan '232
Feb '232
Mar '230
Apr '231
May '231
Jun '231
Jul '230
Aug '232
Sep '231
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '242
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '241
Jan '250
Feb '251
Mar '250
Apr '250
May '252
Jun '251
Jul '251
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '261
May '262
Jun '260
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Blockchange Ventures: Crypto & Blockchain is the largest displayed sector by deal count (43 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.

Blockchange Ventures: Crypto & Blockchain is the largest displayed sector by deal count (43 deals). All available history
SectorDeals
Crypto & Blockchain43
Networks, Cloud & Communication22
Fintech15
Enterprise Software11
Cybersecurity & Privacy9
AI & Machine Learning8
Developer Tools8
E-Commerce & Retail6
Hardware & Robotics6
Media & Entertainment6
Data, Analytics & IT4
Professional Services4
AR/VR3
Social & Community Platforms3
Government & Defense2
Clean Energy & Sustainability2
Real Estate & Construction2
Marketing & Advertising2
Travel & Hospitality1
Health & Life Sciences1

Deal Size Distribution

Blockchange Ventures: 59 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.

Blockchange Ventures: 59 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M20
$10M-$25M17
$25M-$50M2
$50M-$100M3
$100M-$250M1
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

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

Top 8 of 8 regions; European countries are grouped as Europe.

Blockchange Ventures: United States has the largest recorded deal count among the displayed regions (38 deals). All available history
RegionDeals
United States38
Europe11
Canada4
Singapore2
Japan1
63001
111011
203541
Blockchange Ventures: 20 co-investors are shown, with Multicoin Capital sharing 6 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

Blockchange Ventures: Led accounts for 54% and participating for 46% of round participation.All available history.
Blockchange Ventures: Led accounts for 54% and participating for 46% of round participation. All available history
CategoryDeals (count)Share (%)
Led3254%
Participating2746%
Blockchange Ventures: Single-lead accounts for 69% and co-led for 31% of lead dynamics.All available history.
Blockchange Ventures: Single-lead accounts for 69% and co-led for 31% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2269%
Co-led1031%

Team

Cindy Lincks

Chief Post-Investment Officer

Kenneth Seiff

Managing Partner

Matthew Immerso

General partner

Tamara Adlin

Chief Product Officer