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The Venture Codex

Overview

Selective investment in growth-stage carbon management companies.

Founded

2019

Deals · 12mo

2

Stage focus

Series A
Series B

Geographic focus

Germany
United States

Sector focus

Finance
Financial Services
Impact Investing

Investment portfolio

16rounds
NAMEDATESIZE
Neurophos
Jan 2026Participated
$110 MSeries A
Sage Geosystems
Jan 2026Led
$97 MSeries B
Heirloom
Dec 2024Participated
$150 MSeries B
Air Company
Sep 2024Participated
$69 MSeries B
Graphyte
Jul 2024Led
$30 MSeries A
ION Clean Energy
Apr 2024Participated
$45 MSeries A
Sunfire
Mar 2024Participated
$559 MSeries E
Velocys
Feb 2024Participated
$40 MOther Equity
Syzygy Plasmonics
Nov 2022Led
$76 MSeries C
Twelve
Jun 2022Participated
$130 MSeries B
Air Company
Apr 2022Led
$30 MSeries A
Sunfire
Mar 2022Participated
$214 MSeries D
Neurophos
Jan 2026Participated
$110 MSeries A
Sage Geosystems
Jan 2026Led
$97 MSeries B
Heirloom
Dec 2024Participated
$150 MSeries B
Air Company
Sep 2024Participated
$69 MSeries B
Graphyte
Jul 2024Led
$30 MSeries A
ION Clean Energy
Apr 2024Participated
$45 MSeries A
Sunfire
Mar 2024Participated
$559 MSeries E
Velocys
Feb 2024Participated
$40 MOther Equity
Syzygy Plasmonics
Nov 2022Led
$76 MSeries C
Twelve
Jun 2022Participated
$130 MSeries B
Air Company
Apr 2022Led
$30 MSeries A
Sunfire
Mar 2022Participated
$214 MSeries D
16
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Deal Distribution

Carbon Direct Capital: 16 funding rounds are recorded in the selected participation categories.All available history.
Carbon Direct Capital: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A42
Series B13
Series C+14
Other Equity01

Monthly Deal Activity

Carbon Direct Capital: 16 deals are recorded across 64 months.All available history.
Carbon Direct Capital: 16 deals are recorded across 64 months. All available history
MonthDeals
Jul '211
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '222
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '262
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Carbon Direct Capital: 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.

Carbon Direct Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
Clean Energy & Sustainability14
Manufacturing6
Space & Frontier Tech6
Hardware & Robotics2
Health & Life Sciences1
AI & Machine Learning1
Data, Analytics & IT1

Deal Size Distribution

Carbon Direct Capital: 16 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.

Carbon Direct Capital: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M4
$50M-$100M5
$100M-$250M5
$250M-$500M1
$500M-$1B1
$1B+0

Deals By Geography

Carbon Direct Capital: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

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

Carbon Direct Capital: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
Europe3
Carbon Direct Capital: 20 co-investors are shown, with Ahren Innovation Capital 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

Carbon Direct Capital: Led accounts for 38% and participating for 63% of round participation.All available history.
Carbon Direct Capital: Led accounts for 38% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led638%
Participating1063%
Carbon Direct Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Carbon Direct Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead233%
Co-led467%

Team

Jonathan Goldberg

Chief Executive Officer & Founder

Joshua Dienstag

Chief Investment Officer

Mayank Kapoor

Principle

Stephen Comello

Consultant