The Venture Codex Logo

The Venture Codex

Overview

Development finance institution and impact investor for emerging markets.

Founded

1948

Deals · 12mo

15

Stage focus

—

Geographic focus

India
Kenya
Nigeria
United Kingdom

Sector focus

Finance
Financial Services
Government
Impact Investing

Investment portfolio

114rounds
NAMEDATESIZE
Paymob
Sep 2026Participated
$35 MSeries C
ARC Ride
Sep 2026Participated
$23 MSeries A
Odyssey
Sep 2026Participated
$74 MDebt
Indifi Technologies
Jul 2026Participated
$8 MOther Equity
Dodai
Apr 2026Participated
$13 MSeries A
Polaris
Apr 2026Led
$76 MOther Equity
Sistema.bio
Mar 2026Participated
$53 MOther Equity
Ecofy
Mar 2026Led
$41 MSeries B
hummingbirds
Feb 2026Participated
$59 MSeries A
Medikabazaar
Feb 2026Participated
$55 MOther Equity
Turno
Feb 2026Led
$5 MOther Equity
Aerem
Jan 2026Participated
$15 MSeries B
Paymob
Sep 2026Participated
$35 MSeries C
ARC Ride
Sep 2026Participated
$23 MSeries A
Odyssey
Sep 2026Participated
$74 MDebt
Indifi Technologies
Jul 2026Participated
$8 MOther Equity
Dodai
Apr 2026Participated
$13 MSeries A
Polaris
Apr 2026Led
$76 MOther Equity
Sistema.bio
Mar 2026Participated
$53 MOther Equity
Ecofy
Mar 2026Led
$41 MSeries B
hummingbirds
Feb 2026Participated
$59 MSeries A
Medikabazaar
Feb 2026Participated
$55 MOther Equity
Turno
Feb 2026Led
$5 MOther Equity
Aerem
Jan 2026Participated
$15 MSeries B
114
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

British International Investment: 114 funding rounds are recorded in the selected participation categories.All available history.
British International Investment: 114 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A26
Series B69
Series C+514
Other Equity3817
Debt134

Monthly Deal Activity

British International Investment: 114 deals are recorded across 140 months.All available history.
British International Investment: 114 deals are recorded across 140 months. All available history
MonthDeals
Mar '151
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '161
Jan '170
Feb '170
Mar '172
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '182
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '180
Nov '182
Dec '181
Jan '191
Feb '190
Mar '192
Apr '190
May '191
Jun '191
Jul '191
Aug '191
Sep '190
Oct '191
Nov '190
Dec '191
Jan '200
Feb '201
Mar '201
Apr '201
May '203
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '202
Jan '211
Feb '211
Mar '211
Apr '211
May '211
Jun '211
Jul '210
Aug '210
Sep '214
Oct '210
Nov '211
Dec '213
Jan '221
Feb '221
Mar '222
Apr '221
May '221
Jun '224
Jul '223
Aug '222
Sep '222
Oct '223
Nov '220
Dec '221
Jan '231
Feb '232
Mar '230
Apr '231
May '231
Jun '232
Jul '231
Aug '230
Sep '230
Oct '231
Nov '231
Dec '236
Jan '241
Feb '241
Mar '240
Apr '241
May '243
Jun '240
Jul '241
Aug '240
Sep '241
Oct '242
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '253
Jun '250
Jul '250
Aug '252
Sep '251
Oct '251
Nov '251
Dec '251
Jan '261
Feb '263
Mar '262
Apr '262
May '260
Jun '260
Jul '261
Aug '260
Sep '263
Oct '260

Sector Breakdown

British International Investment: Fintech is the largest displayed sector by deal count (40 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.

British International Investment: Fintech is the largest displayed sector by deal count (40 deals). All available history
SectorDeals
Fintech40
Transportation & Logistics27
Clean Energy & Sustainability25
Networks, Cloud & Communication22
Food & Agriculture19
Professional Services19
E-Commerce & Retail13
Data, Analytics & IT9
Manufacturing7
Health & Life Sciences7
Education & Workforce6
Real Estate & Construction6
Consumer & Lifestyle6
Hardware & Robotics6
AI & Machine Learning6
Enterprise Software4
Space & Frontier Tech4
Social & Community Platforms4
Government & Defense2

Deal Size Distribution

British International Investment: 114 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.

British International Investment: 114 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M12
$10M-$25M37
$25M-$50M20
$50M-$100M20
$100M-$250M11
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

British International Investment: India has the largest recorded deal count among the displayed regions (57 deals).All available history.

Top 10 of 17 regions; European countries are grouped as Europe.

British International Investment: India has the largest recorded deal count among the displayed regions (57 deals). All available history
RegionDeals
India57
Europe13
Kenya11
Nigeria7
Mauritius5
Egypt5
United States4
Senegal2
Singapore2
Indonesia1
British International Investment: 20 co-investors are shown, with FMO 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

British International Investment: Led accounts for 56% and participating for 44% of round participation.All available history.
British International Investment: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led6456%
Participating5044%
British International Investment: Single-lead accounts for 84% and co-led for 16% of lead dynamics.All available history.
British International Investment: Single-lead accounts for 84% and co-led for 16% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5484%
Co-led1016%

Team

Andrew Brown

Managing Director & Deputy Chief Investment Officer

Andrew Williams

Non-executive Director

Holger Rothenbusch

Managing Director, Debt

Leila Karmali

Senior Counsel

Tenbite Ermias

Managing Director, Africa

Wasim A. Tahir

Director, Mobilisation Strategy