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The Venture Codex

Overview

Investment firm specializing in asset management.

Founded

2003

Deals · 12mo

6

Stage focus

Seed
Series A

Geographic focus

Singapore
United States

Sector focus

—

Investment portfolio

44rounds
NAMEDATESIZE
N&E Innovations
Sep 2026Participated
$2 MSeries A
Harell Data
Aug 2026Led
$15 MSeed
Accipiter Biosciences
Jul 2026Participated
$11 MSeed
Accipiter Biosciences
Nov 2025Participated
$13 MSeed
Bronto
Oct 2025Led
$14 MSeed
Provision
Oct 2025Led
$7 MSeed
Doorstep
Sep 2025Participated
$8 MSeed
Unwrap
Jan 2025Participated
$12 MSeries A
Picnic
Oct 2024Led
$5 MOther Equity
watchTowr
Oct 2024Participated
$19 MSeries A
AminoChain
Sep 2024Participated
$5 MSeed
Ferrum Health
Sep 2024Participated
$16 MSeries A
N&E Innovations
Sep 2026Participated
$2 MSeries A
Harell Data
Aug 2026Led
$15 MSeed
Accipiter Biosciences
Jul 2026Participated
$11 MSeed
Accipiter Biosciences
Nov 2025Participated
$13 MSeed
Bronto
Oct 2025Led
$14 MSeed
Provision
Oct 2025Led
$7 MSeed
Doorstep
Sep 2025Participated
$8 MSeed
Unwrap
Jan 2025Participated
$12 MSeries A
Picnic
Oct 2024Led
$5 MOther Equity
watchTowr
Oct 2024Participated
$19 MSeries A
AminoChain
Sep 2024Participated
$5 MSeed
Ferrum Health
Sep 2024Participated
$16 MSeries A
44
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Insights

Time horizon

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Deal Distribution

Cercano Management: 44 funding rounds are recorded in the selected participation categories.All available history.
Cercano Management: 44 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed512
Series A57
Series B21
Series C+04
Other Equity35

Monthly Deal Activity

Cercano Management: 44 deals are recorded across 58 months.All available history.
Cercano Management: 44 deals are recorded across 58 months. All available history
MonthDeals
Jan '221
Feb '221
Mar '220
Apr '221
May '223
Jun '220
Jul '222
Aug '222
Sep '220
Oct '222
Nov '220
Dec '223
Jan '231
Feb '230
Mar '231
Apr '230
May '236
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '240
May '242
Jun '241
Jul '240
Aug '240
Sep '243
Oct '242
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '252
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Cercano Management: AI & Machine Learning is the largest displayed sector by deal count (15 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.

Cercano Management: AI & Machine Learning is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
AI & Machine Learning15
Health & Life Sciences14
Enterprise Software11
Networks, Cloud & Communication11
Data, Analytics & IT5
Transportation & Logistics5
Hardware & Robotics5
Cybersecurity & Privacy4
Fintech4
Food & Agriculture3
Professional Services3
Clean Energy & Sustainability2
Media & Entertainment2
Education & Workforce1
Government & Defense1
E-Commerce & Retail1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1
Marketing & Advertising1
Crypto & Blockchain1
Manufacturing1
Social & Community Platforms1

Deal Size Distribution

Cercano Management: 44 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.

Cercano Management: 44 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M13
$10M-$25M17
$25M-$50M6
$50M-$100M2
$100M-$250M1
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Cercano Management: United States has the largest recorded deal count among the displayed regions (34 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Cercano Management: United States has the largest recorded deal count among the displayed regions (34 deals). All available history
RegionDeals
United States34
Singapore4
Europe2
Canada1
Vietnam1
Philippines1
Australia1
Cercano Management: 20 co-investors are shown, with Madrona Venture 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

Cercano Management: Led accounts for 34% and participating for 66% of round participation.All available history.
Cercano Management: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led1534%
Participating2966%
Cercano Management: Single-lead accounts for 73% and co-led for 27% of lead dynamics.All available history.
Cercano Management: Single-lead accounts for 73% and co-led for 27% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1173%
Co-led427%

Team

Cliff Su

Portfolio Manager

Steve Hall

Venture Partner

Stuart Nagae

Venture Capital