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The Venture Codex

Overview

Global venture capital firm investing in tech companies and founders.

Founded

2017

Deals · 12mo

8

Stage focus

Seed
Series A

Geographic focus

Israel
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

41rounds
NAMEDATESIZE
Blee
Sep 2026Participated
$20 MSeries A
Rylo
Jun 2026Participated
$85 MOther Equity
Incapto Coffee
Apr 2026Participated
$12 MSeries B
Brandlight
Feb 2026Participated
$30 MSeries A
constellr
Feb 2026Participated
$44 MSeries A
Biographica
Jan 2026Participated
$9 MSeed
Malanta
Nov 2025Led
$10 MSeed
Second Nature
Oct 2025Participated
$22 MSeries B
IVIX
Aug 2025Participated
$60 MSeries B
Vendict
Aug 2025Participated
$10 MSeries A
Brandlight
Apr 2025Led
$6 MSeed
TastyUrban
Mar 2025Participated
$8 MSeries A
Blee
Sep 2026Participated
$20 MSeries A
Rylo
Jun 2026Participated
$85 MOther Equity
Incapto Coffee
Apr 2026Participated
$12 MSeries B
Brandlight
Feb 2026Participated
$30 MSeries A
constellr
Feb 2026Participated
$44 MSeries A
Biographica
Jan 2026Participated
$9 MSeed
Malanta
Nov 2025Led
$10 MSeed
Second Nature
Oct 2025Participated
$22 MSeries B
IVIX
Aug 2025Participated
$60 MSeries B
Vendict
Aug 2025Participated
$10 MSeries A
Brandlight
Apr 2025Led
$6 MSeed
TastyUrban
Mar 2025Participated
$8 MSeries A
41
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Cardumen Capital: 41 funding rounds are recorded in the selected participation categories.All available history.
Cardumen Capital: 41 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed913
Series A18
Series B14
Other Equity14

Monthly Deal Activity

Cardumen Capital: 41 deals are recorded across 93 months.All available history.
Cardumen Capital: 41 deals are recorded across 93 months. All available history
MonthDeals
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '211
May '210
Jun '211
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '221
Apr '220
May '221
Jun '220
Jul '220
Aug '222
Sep '221
Oct '220
Nov '222
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '232
Jun '230
Jul '232
Aug '231
Sep '230
Oct '230
Nov '231
Dec '230
Jan '241
Feb '240
Mar '241
Apr '240
May '240
Jun '242
Jul '240
Aug '240
Sep '240
Oct '241
Nov '241
Dec '241
Jan '250
Feb '250
Mar '251
Apr '251
May '250
Jun '250
Jul '250
Aug '252
Sep '250
Oct '251
Nov '251
Dec '250
Jan '261
Feb '262
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Cardumen Capital: AI & Machine Learning is the largest displayed sector by deal count (22 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.

Cardumen Capital: AI & Machine Learning is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
AI & Machine Learning22
Enterprise Software15
Networks, Cloud & Communication9
Professional Services8
Food & Agriculture6
Marketing & Advertising5
Hardware & Robotics5
Cybersecurity & Privacy4
Space & Frontier Tech4
Transportation & Logistics4
Data, Analytics & IT3
Fintech3
Manufacturing3
Media & Entertainment3
E-Commerce & Retail2
Developer Tools2
Education & Workforce1
Government & Defense1
Real Estate & Construction1
Consumer & Lifestyle1
Health & Life Sciences1
Social & Community Platforms1

Deal Size Distribution

Cardumen Capital: 41 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.

Cardumen Capital: 41 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M14
$10M-$25M17
$25M-$50M4
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Cardumen Capital: Israel has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Cardumen Capital: Israel has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
Israel22
United States10
Europe6
India2
Japan1
Cardumen Capital: 20 co-investors are shown, with OurCrowd sharing 4 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

Cardumen Capital: Led accounts for 29% and participating for 71% of round participation.All available history.
Cardumen Capital: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led1229%
Participating2971%
Cardumen Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Cardumen Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead433%
Co-led867%

Team

Gonzalo Martinez de Azagra

Founder and Managing General Partner

Igor de la Sota

Founder and Managing General Partner

Noa Shamay

Associate

Roy Gottlieb

Founder and General Partner

Roy Gottlieb

Venture Partner