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The Venture Codex

Overview

Early stage capital provider for Atlantic Canadian tech companies.

Founded

2013

Deals ยท 12mo

1

Stage focus

Seed

Geographic focus

Canada
United States

Sector focus

Database
Enterprise Software
Financial Services
Venture Capital

Investment portfolio

24rounds
NAMEDATESIZE
Musical AI
Jan 2026Participated
$5 MOther Equity
3D BioFibR
Jun 2025Participated
$3 MOther Equity
Potential Motors
May 2024Participated
$2 MOther Equity
TrojAI
Apr 2024Participated
$6 MSeed
3D BioFibR
Jul 2023Participated
$4 MSeed
ProcedureFlow
Jul 2022Participated
$12 MOther Equity
Curv Health
Mar 2022Led
$4 MSeed
Potential Motors
Feb 2022Participated
$3 MOther Equity
TrojAI
Jan 2022Led
$2 MSeed
Carbide
Dec 2021Led
$4 MSeed
Arcturus
May 2021Participated
$5 MOther Equity
Potential Motors
May 2020Led
$2 MSeed
Musical AI
Jan 2026Participated
$5 MOther Equity
3D BioFibR
Jun 2025Participated
$3 MOther Equity
Potential Motors
May 2024Participated
$2 MOther Equity
TrojAI
Apr 2024Participated
$6 MSeed
3D BioFibR
Jul 2023Participated
$4 MSeed
ProcedureFlow
Jul 2022Participated
$12 MOther Equity
Curv Health
Mar 2022Led
$4 MSeed
Potential Motors
Feb 2022Participated
$3 MOther Equity
TrojAI
Jan 2022Led
$2 MSeed
Carbide
Dec 2021Led
$4 MSeed
Arcturus
May 2021Participated
$5 MOther Equity
Potential Motors
May 2020Led
$2 MSeed
24
Items
...
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Insights

Time horizon

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Deal Distribution

Build Ventures: 24 funding rounds are recorded in the selected participation categories.All available history.
Build Ventures: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed82
Series A12
Series B11
Other Equity36

Monthly Deal Activity

Build Ventures: 24 deals are recorded across 161 months.All available history.
Build Ventures: 24 deals are recorded across 161 months. All available history
MonthDeals
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '151
Sep '150
Oct '150
Nov '151
Dec '150
Jan '161
Feb '160
Mar '161
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '221
Feb '221
Mar '221
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Build Ventures: Enterprise Software is the largest displayed sector by deal count (11 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.

Build Ventures: Enterprise Software is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Enterprise Software11
AI & Machine Learning8
Hardware & Robotics5
Media & Entertainment5
Data, Analytics & IT4
Marketing & Advertising4
Health & Life Sciences4
Professional Services4
Cybersecurity & Privacy3
Clean Energy & Sustainability3
Transportation & Logistics3
Consumer & Lifestyle3
Networks, Cloud & Communication3
Manufacturing3
Space & Frontier Tech2
Food & Agriculture2
Developer Tools2
AR/VR1
Fintech1
Gaming & eSports1

Deal Size Distribution

Build Ventures: 24 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.

Build Ventures: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M4
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Build Ventures: Canada has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Build Ventures: Canada has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
Canada22
United States2
Build Ventures: 20 co-investors are shown, with New Brunswick Innovation Foundation sharing 8 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

Build Ventures: Led accounts for 54% and participating for 46% of round participation.All available history.
Build Ventures: Led accounts for 54% and participating for 46% of round participation. All available history
CategoryDeals (count)Share (%)
Led1354%
Participating1146%
Build Ventures: Single-lead accounts for 54% and co-led for 46% of lead dynamics.All available history.
Build Ventures: Single-lead accounts for 54% and co-led for 46% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead754%
Co-led646%

Team

Patrick Keefe

Partner & Founder