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The Venture Codex

Bloomberg Beta

140 New Montgomery St 22nd fl, San Francisco, CA, 94105, United States

Overview

Early-stage venture capital firm investing in machine intelligence.

Founded

2013

Deals ยท 12mo

16

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Financial Services
Machine Learning
Venture Capital

Investment portfolio

207rounds
NAMEDATESIZE
Clay
Sep 2026Participated
$115 MSeries D
Smack Technologies
Aug 2026Participated
$61 MSeries B
skan.ai
Aug 2026Participated
$63 MSeries C
Vals.ai
Jul 2026Participated
$5 MSeed
Antares Labs
Jul 2026Participated
$7 MSeed
Corca Research
Jun 2026Participated
$8 MOther Equity
Bluefish
Apr 2026Participated
$43 MSeries B
Stedi
Mar 2026Participated
$50 MSeries C
Bluesky
Mar 2026Participated
$100 MSeries B
NODA AI
Feb 2026Participated
$25 MSeries A
Protege
Jan 2026Participated
$30 MSeries A
Fortastra
Dec 2025Participated
$8 MSeed
Clay
Sep 2026Participated
$115 MSeries D
Smack Technologies
Aug 2026Participated
$61 MSeries B
skan.ai
Aug 2026Participated
$63 MSeries C
Vals.ai
Jul 2026Participated
$5 MSeed
Antares Labs
Jul 2026Participated
$7 MSeed
Corca Research
Jun 2026Participated
$8 MOther Equity
Bluefish
Apr 2026Participated
$43 MSeries B
Stedi
Mar 2026Participated
$50 MSeries C
Bluesky
Mar 2026Participated
$100 MSeries B
NODA AI
Feb 2026Participated
$25 MSeries A
Protege
Jan 2026Participated
$30 MSeries A
Fortastra
Dec 2025Participated
$8 MSeed
207
Items
...
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Insights

Time horizon

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Deal Distribution

Bloomberg Beta: 207 funding rounds are recorded in the selected participation categories.All available history.
Bloomberg Beta: 207 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1651
Series A164
Series B032
Series C+110
Other Equity328
Debt01

Monthly Deal Activity

Bloomberg Beta: 207 deals are recorded across 160 months.All available history.
Bloomberg Beta: 207 deals are recorded across 160 months. All available history
MonthDeals
Jul '131
Aug '130
Sep '131
Oct '130
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '142
May '144
Jun '141
Jul '140
Aug '141
Sep '141
Oct '141
Nov '141
Dec '141
Jan '151
Feb '155
Mar '152
Apr '155
May '151
Jun '152
Jul '152
Aug '150
Sep '150
Oct '152
Nov '151
Dec '152
Jan '160
Feb '162
Mar '162
Apr '162
May '162
Jun '163
Jul '161
Aug '162
Sep '164
Oct '161
Nov '163
Dec '162
Jan '170
Feb '172
Mar '172
Apr '174
May '170
Jun '171
Jul '171
Aug '172
Sep '170
Oct '170
Nov '172
Dec '170
Jan '181
Feb '180
Mar '181
Apr '184
May '183
Jun '180
Jul '181
Aug '181
Sep '181
Oct '182
Nov '181
Dec '180
Jan '190
Feb '191
Mar '191
Apr '191
May '194
Jun '193
Jul '191
Aug '191
Sep '191
Oct '195
Nov '191
Dec '190
Jan '201
Feb '203
Mar '200
Apr '200
May '202
Jun '201
Jul '200
Aug '201
Sep '202
Oct '203
Nov '200
Dec '201
Jan '212
Feb '212
Mar '210
Apr '212
May '212
Jun '211
Jul '212
Aug '210
Sep '214
Oct '210
Nov '210
Dec '210
Jan '222
Feb '221
Mar '222
Apr '221
May '220
Jun '221
Jul '221
Aug '222
Sep '222
Oct '220
Nov '221
Dec '222
Jan '230
Feb '231
Mar '233
Apr '232
May '231
Jun '230
Jul '230
Aug '231
Sep '233
Oct '231
Nov '230
Dec '231
Jan '240
Feb '242
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '245
Oct '241
Nov '241
Dec '242
Jan '252
Feb '253
Mar '252
Apr '253
May '250
Jun '250
Jul '250
Aug '252
Sep '251
Oct '253
Nov '251
Dec '251
Jan '261
Feb '261
Mar '262
Apr '261
May '260
Jun '261
Jul '262
Aug '262
Sep '261
Oct '260

Sector Breakdown

Bloomberg Beta: Enterprise Software is the largest displayed sector by deal count (89 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.

Bloomberg Beta: Enterprise Software is the largest displayed sector by deal count (89 deals). All available history
SectorDeals
Enterprise Software89
AI & Machine Learning79
Data, Analytics & IT67
Networks, Cloud & Communication63
Professional Services35
Cybersecurity & Privacy33
Developer Tools24
Marketing & Advertising21
Hardware & Robotics20
Media & Entertainment19
Education & Workforce17
Fintech17
Real Estate & Construction10
Social & Community Platforms10
Space & Frontier Tech7
Transportation & Logistics7
Health & Life Sciences6
Government & Defense4
E-Commerce & Retail4
Food & Agriculture4
Consumer & Lifestyle2
Crypto & Blockchain2
Travel & Hospitality1
Clean Energy & Sustainability1
Manufacturing1
Gaming & eSports1

Deal Size Distribution

Bloomberg Beta: 207 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.

Bloomberg Beta: 207 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M67
$5M-$10M42
$10M-$25M56
$25M-$50M26
$50M-$100M10
$100M-$250M5
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Bloomberg Beta: United States has the largest recorded deal count among the displayed regions (186 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

Bloomberg Beta: United States has the largest recorded deal count among the displayed regions (186 deals). All available history
RegionDeals
United States186
Europe10
Canada4
Israel2
Indonesia1
Brazil1
Australia1
940851
941031
Bloomberg Beta: 20 co-investors are shown, with Andreessen Horowitz sharing 14 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.

Bloomberg Beta: 20 co-investors are shown, with Andreessen Horowitz sharing 14 recorded deals. All available history
Co-investorShared deals
Andreessen Horowitz14
Felicis Ventures11
Precursor Ventures11
True Ventures11
Sequoia Capital9
Y Combinator9
Data Collective8
First Round8
Insight Partners7
Liquid 2 Ventures7
Lux Capital7
Zetta Venture Partners7
Founders Fund6
Google Ventures6
Gradient Ventures6
Shasta Ventures6
SignalFire6
Trinity Ventures6
Uncork Capital6
Alumni Ventures5

Investment Strategy

Bloomberg Beta: Led accounts for 10% and participating for 90% of round participation.All available history.
Bloomberg Beta: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led2110%
Participating18690%
Bloomberg Beta: Single-lead accounts for 38% and co-led for 62% of lead dynamics.All available history.
Bloomberg Beta: Single-lead accounts for 38% and co-led for 62% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead838%
Co-led1362%

Team

Beth Kroman
James Cham

Partner

Karin Klein

Founding Partner

Michael W. Wellman

Open Angels Syndicate Lead

Minn Kim

Investor

Roy Bahat

Head