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The Venture Codex

BVVC

Burr Ridge, IL, 60527, United States

Overview

Venture capital firm specializing in special operations.

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
Aurelius Systems
Aug 2026Participated
$40 MSeries A
Applied Atomics
Jun 2026Participated
$4 MSeed
Vatn Systems
Dec 2025Led
$60 MSeries A
Orion
Nov 2025Participated
$4 MOther Equity
Tern AI
Oct 2025Participated
$8 MSeed
Clearspeed
Jun 2025Participated
$60 MSeries D
X-Bow Launch Systems
May 2025Participated
$105 MSeries B
Scout AI
Apr 2025Participated
$15 MSeed
HavocAI
Sep 2024Participated
$11 MSeed
Tern AI
Jun 2024Participated
$4 MSeed
Firestorm
Mar 2024Participated
$13 MSeed
Aurelius Systems
Aug 2026Participated
$40 MSeries A
Applied Atomics
Jun 2026Participated
$4 MSeed
Vatn Systems
Dec 2025Led
$60 MSeries A
Orion
Nov 2025Participated
$4 MOther Equity
Tern AI
Oct 2025Participated
$8 MSeed
Clearspeed
Jun 2025Participated
$60 MSeries D
X-Bow Launch Systems
May 2025Participated
$105 MSeries B
Scout AI
Apr 2025Participated
$15 MSeed
HavocAI
Sep 2024Participated
$11 MSeed
Tern AI
Jun 2024Participated
$4 MSeed
Firestorm
Mar 2024Participated
$13 MSeed
11
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Insights

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Deal Distribution

BVVC: 11 funding rounds are recorded in the selected participation categories.All available history.
BVVC: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed06
Series A11
Series B01
Series C+01
Other Equity01

Monthly Deal Activity

BVVC: 11 deals are recorded across 32 months.All available history.
BVVC: 11 deals are recorded across 32 months. All available history
MonthDeals
Mar '241
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

BVVC: AI & Machine Learning is the largest displayed sector by deal count (7 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.

BVVC: AI & Machine Learning is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
AI & Machine Learning7
Space & Frontier Tech5
Networks, Cloud & Communication4
Government & Defense4
Manufacturing3
Hardware & Robotics2
Enterprise Software2
Professional Services2
Cybersecurity & Privacy1
Data, Analytics & IT1

Deal Size Distribution

BVVC: 11 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.

BVVC: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M3
$25M-$50M1
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

BVVC: United States has the largest recorded deal count among the displayed regions (10 deals).All available history.

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

BVVC: United States has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
United States10
Europe1
BVVC: 20 co-investors are shown, with Decisive Point sharing 5 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.

BVVC: 20 co-investors are shown, with Decisive Point sharing 5 recorded deals. All available history
Co-investorShared deals
Decisive Point5
Scout Ventures3
The Veteran Fund3
Alumni Ventures2
Cubit Capital2
Draper Associates2
Lockheed Martin Ventures2
Outlander VC2
Shadow Capital2
Trousdale Ventures2
645 Ventures1
Airbus Ventures1
Align Private Capital1
Align Ventures1
Ante-Bellum angels1
Aramco Ventures (Saudi Aramco Energy Ventures)1
Backswing Ventures1
Balerion Space Ventures1
Beyond Capital1
Boeing HorizonX Ventures1

Investment Strategy

BVVC: Led accounts for 9% and participating for 91% of round participation.All available history.
BVVC: Led accounts for 9% and participating for 91% of round participation. All available history
CategoryDeals (count)Share (%)
Led19%
Participating1091%
BVVC: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
BVVC: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Joe Musselman

Founder

Nick Nowlin

McRaven National Security Fellow