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The Venture Codex

Overview

Early-stage venture fund supporting water entrepreneurs.

Founded

2020

Deals ยท 12mo

4

Stage focus

Seed
Series A

Geographic focus

Norway
United States

Sector focus

Venture Capital

Investment portfolio

21rounds
NAMEDATESIZE
Biota
Jul 2026Led
$3 MSeed
CREW Carbon
May 2026Led
$25 MSeries A
Current Software
Apr 2026Led
$3 MSeed
Flocean
Nov 2025Participated
$23 MSeries A
Waterly
Aug 2025Led
$4 MSeries A
HOPE Hydration
Jul 2025Participated
$20 MSeries A
Irrigreen
Apr 2025Participated
$19 MSeries A
Daupler
Mar 2025Participated
$15 MSeries B
Flocean
Dec 2024Led
$9 MSeries A
Cala Systems
Aug 2024Participated
$6 MSeed
Sewer AI
Jun 2024Participated
$15 MSeries B
Subeca
May 2024Participated
$6 MSeries A
Biota
Jul 2026Led
$3 MSeed
CREW Carbon
May 2026Led
$25 MSeries A
Current Software
Apr 2026Led
$3 MSeed
Flocean
Nov 2025Participated
$23 MSeries A
Waterly
Aug 2025Led
$4 MSeries A
HOPE Hydration
Jul 2025Participated
$20 MSeries A
Irrigreen
Apr 2025Participated
$19 MSeries A
Daupler
Mar 2025Participated
$15 MSeries B
Flocean
Dec 2024Led
$9 MSeries A
Cala Systems
Aug 2024Participated
$6 MSeed
Sewer AI
Jun 2024Participated
$15 MSeries B
Subeca
May 2024Participated
$6 MSeries A
21
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Insights

Time horizon

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Deal Distribution

Burnt Island Ventures: 21 funding rounds are recorded in the selected participation categories.All available history.
Burnt Island Ventures: 21 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed24
Series A37
Series B02
Other Equity12

Monthly Deal Activity

Burnt Island Ventures: 21 deals are recorded across 68 months.All available history.
Burnt Island Ventures: 21 deals are recorded across 68 months. All available history
MonthDeals
Mar '211
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '211
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '251
Apr '251
May '250
Jun '250
Jul '251
Aug '251
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Burnt Island Ventures: Clean Energy & Sustainability is the largest displayed sector by deal count (14 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.

Burnt Island Ventures: Clean Energy & Sustainability is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
Clean Energy & Sustainability14
AI & Machine Learning4
Networks, Cloud & Communication3
Enterprise Software3
Government & Defense2
Manufacturing2
Data, Analytics & IT2
Real Estate & Construction2
Hardware & Robotics1
Fintech1
Health & Life Sciences1
Professional Services1
Space & Frontier Tech1

Deal Size Distribution

Burnt Island Ventures: 21 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.

Burnt Island Ventures: 21 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M4
$10M-$25M9
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Burnt Island Ventures: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Burnt Island Ventures: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Europe2
New Zealand1
Burnt Island Ventures: 20 co-investors are shown, with Data Collective sharing 3 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

Burnt Island Ventures: Led accounts for 29% and participating for 71% of round participation.All available history.
Burnt Island Ventures: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led629%
Participating1571%
Burnt Island Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Burnt Island Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead467%
Co-led233%

Team

Blake Luse

LPAC Member

Thomas Ferguson

Founder & Managing Partner

Tom Ferguson

Managing Partner