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The Venture Codex

Overview

Early-stage venture capital firm investing in start-ups.

Founded

2016

Deals ยท 12mo

4

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

39rounds
NAMEDATESIZE
Walden Robotics
Jul 2026Participated
$300 MSeed
Flux
Jun 2026Led
$5 MOther Equity
Grid Aero
Jan 2026Participated
$20 MSeries A
Manifold
Dec 2025Participated
$18 MSeries B
Vibranium Labs
Sep 2025Led
$5 MSeed
Grid Aero
Aug 2025Participated
$6 MSeed
SigIQ.ai
Apr 2025Participated
$10 MSeed
Regard
Jul 2024Participated
$61 MSeries B
GrayMatter
Jun 2024Participated
$45 MSeries B
GrayMatter Robotics
Jun 2024Participated
$45 MSeries B
Manifold
Apr 2024Participated
$15 MSeries A
Trellis
Sep 2023Participated
$15 MSeries B
Walden Robotics
Jul 2026Participated
$300 MSeed
Flux
Jun 2026Led
$5 MOther Equity
Grid Aero
Jan 2026Participated
$20 MSeries A
Manifold
Dec 2025Participated
$18 MSeries B
Vibranium Labs
Sep 2025Led
$5 MSeed
Grid Aero
Aug 2025Participated
$6 MSeed
SigIQ.ai
Apr 2025Participated
$10 MSeed
Regard
Jul 2024Participated
$61 MSeries B
GrayMatter
Jun 2024Participated
$45 MSeries B
GrayMatter Robotics
Jun 2024Participated
$45 MSeries B
Manifold
Apr 2024Participated
$15 MSeries A
Trellis
Sep 2023Participated
$15 MSeries B
39
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Insights

Time horizon

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Deal Distribution

Calibrate Ventures: 39 funding rounds are recorded in the selected participation categories.All available history.
Calibrate Ventures: 39 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed45
Series A77
Series B38
Other Equity23

Monthly Deal Activity

Calibrate Ventures: 39 deals are recorded across 109 months.All available history.
Calibrate Ventures: 39 deals are recorded across 109 months. All available history
MonthDeals
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '182
Jun '181
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '192
Oct '190
Nov '190
Dec '190
Jan '201
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '213
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '223
Jul '220
Aug '222
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '232
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '242
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Calibrate Ventures: AI & Machine Learning is the largest displayed sector by deal count (17 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.

Calibrate Ventures: AI & Machine Learning is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
AI & Machine Learning17
Hardware & Robotics12
Enterprise Software8
Data, Analytics & IT7
Transportation & Logistics7
Manufacturing7
Health & Life Sciences7
Professional Services6
Networks, Cloud & Communication5
Food & Agriculture5
Space & Frontier Tech4
Fintech4
Government & Defense3
E-Commerce & Retail2
AR/VR2
Marketing & Advertising2
Cybersecurity & Privacy1
Real Estate & Construction1
Consumer & Lifestyle1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Calibrate Ventures: 39 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.

Calibrate Ventures: 39 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M9
$10M-$25M20
$25M-$50M6
$50M-$100M1
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Calibrate Ventures: United States has the largest recorded deal count among the displayed regions (35 deals).All available history.

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

Calibrate Ventures: United States has the largest recorded deal count among the displayed regions (35 deals). All available history
RegionDeals
United States35
017303
100121
Calibrate Ventures: 20 co-investors are shown, with B Capital Group 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.

Investment Strategy

Calibrate Ventures: Led accounts for 41% and participating for 59% of round participation.All available history.
Calibrate Ventures: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led1641%
Participating2359%
Calibrate Ventures: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Calibrate Ventures: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead425%
Co-led1275%

Team

Dan Murray

Venture Partner

Jason Schoettler

Co-Founder and Managing Partner

Kevin Dunlap

Co-Founder and Manging Partner

Paolo Pirjanian

Venture Partner

Tony Di Bona

Chief Financial Officer