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The Venture Codex

Overview

Investment firm focused on early-stage startups in infrastructure.

Deals ยท 12mo

8

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

10rounds
NAMEDATESIZE
Ornn
Jun 2026Participated
$33 MSeed
Shatterdome Energy
May 2026Led
$4 MSeed
Pillar
Apr 2026Participated
$20 MSeed
Standard Nuclear
Jan 2026Participated
$140 MSeries A
Aravolta
Dec 2025Participated
$5 MSeed
Ostium
Dec 2025Participated
$24 MSeries A
Spectral Compute
Nov 2025Participated
$6 MSeed
Daylight Energy
Oct 2025Participated
$75 MDebt
Standard Nuclear
Jun 2025Participated
$42 MOther Equity
Mira
Jul 2024Participated
$9 MSeed
Ornn
Jun 2026Participated
$33 MSeed
Shatterdome Energy
May 2026Led
$4 MSeed
Pillar
Apr 2026Participated
$20 MSeed
Standard Nuclear
Jan 2026Participated
$140 MSeries A
Aravolta
Dec 2025Participated
$5 MSeed
Ostium
Dec 2025Participated
$24 MSeries A
Spectral Compute
Nov 2025Participated
$6 MSeed
Daylight Energy
Oct 2025Participated
$75 MDebt
Standard Nuclear
Jun 2025Participated
$42 MOther Equity
Mira
Jul 2024Participated
$9 MSeed
10
Items
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Insights

Time horizon

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Deal Distribution

Crucible: 10 funding rounds are recorded in the selected participation categories.All available history.
Crucible: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed15
Series A02
Other Equity01
Debt01

Monthly Deal Activity

Crucible: 10 deals are recorded across 28 months.All available history.
Crucible: 10 deals are recorded across 28 months. All available history
MonthDeals
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '251
Dec '252
Jan '261
Feb '260
Mar '260
Apr '261
May '261
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Crucible: Clean Energy & Sustainability 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.

Crucible: Clean Energy & Sustainability is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Clean Energy & Sustainability4
Fintech3
AI & Machine Learning3
Crypto & Blockchain2
Enterprise Software2
Professional Services2
Data, Analytics & IT2
Space & Frontier Tech2
Networks, Cloud & Communication1
Hardware & Robotics1
Marketing & Advertising1
Media & Entertainment1

Deal Size Distribution

Crucible: 10 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.

Crucible: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M3
$10M-$25M2
$25M-$50M2
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Crucible: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

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

Crucible: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Europe1
111 221
Crucible: 20 co-investors are shown, with Andreessen Horowitz 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

Crucible: Led accounts for 10% and participating for 90% of round participation.All available history.
Crucible: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led110%
Participating990%
Crucible: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Crucible: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Meltem Demirors

Chief Strategy Officer