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The Venture Codex

Overview

Investment firm backing early-stage enterprise software startups.

Founded

2024

Deals · 12mo

5

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Venture Capital

Investment portfolio

6rounds
NAMEDATESIZE
Antioch
Sep 2026Participated
$32 MSeries A
HeyMilo
Jun 2026Led
$6 MSeed
Antioch
Apr 2026Led
$9 MSeed
Soma Energy
Apr 2026Led
$7 MSeed
Mandel AI
Mar 2026Participated
$4 MSeed
Myriad AI
Sep 2025Led
$8 MSeed
Antioch
Sep 2026Participated
$32 MSeries A
HeyMilo
Jun 2026Led
$6 MSeed
Antioch
Apr 2026Led
$9 MSeed
Soma Energy
Apr 2026Led
$7 MSeed
Mandel AI
Mar 2026Participated
$4 MSeed
Myriad AI
Sep 2025Led
$8 MSeed
6
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Category Ventures: 6 funding rounds are recorded in the selected participation categories.All available history.
Category Ventures: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed41
Series A01

Monthly Deal Activity

Category Ventures: 6 deals are recorded across 14 months.All available history.
Category Ventures: 6 deals are recorded across 14 months. All available history
MonthDeals
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '262
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Category Ventures: Enterprise Software is the largest displayed sector by deal count (4 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.

Category Ventures: Enterprise Software is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Enterprise Software4
AI & Machine Learning3
Transportation & Logistics3
Hardware & Robotics2
Space & Frontier Tech2
Networks, Cloud & Communication1
Manufacturing1
Clean Energy & Sustainability1
Professional Services1

Deal Size Distribution

Category Ventures: 6 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.

Category Ventures: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M4
$10M-$25M0
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Category Ventures: United States has the largest recorded deal count among the displayed regions (5 deals).All available history.

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

Category Ventures: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
United States5
Canada1
Category Ventures: 20 co-investors are shown, with A* sharing 2 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

Category Ventures: Led accounts for 67% and participating for 33% of round participation.All available history.
Category Ventures: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led467%
Participating233%
Category Ventures: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Category Ventures: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Ron Pragides

Limited Partner

Villi Iltchev

Founder & Managing Partner