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The Venture Codex

Overview

Pre-seed investment firm specializing in software businesses.

Founded

2013

Deals · 12mo

0

Stage focus

Seed
Series B

Geographic focus

South Africa
United Kingdom
United States

Sector focus

AgTech
Construction
Enterprise Software
FinTech
...

Investment portfolio

17rounds
NAMEDATESIZE
Prescient AI
Mar 2023Led
$5 MSeed
Zurp
Jan 2023Participated
$5 MSeed
Stark
Aug 2022Participated
$6 MSeed
Geminus
Jun 2022Participated
$6 MSeed
CryptoLeague
Mar 2022Participated
$2 MSeed
CatalyzeX
Nov 2021Participated
$2 MSeed
Kintsugi
Aug 2021Participated
$8 MSeed
Prescient AI
Jul 2021Led
$2 MSeed
Stark
Oct 2020Led
$2 MSeed
Briq
May 2020Participated
$10 MSeries A
FogHorn
Feb 2020Participated
$25 MSeries C
Human Inc
Oct 2018Participated
$21 MSeries B
Prescient AI
Mar 2023Led
$5 MSeed
Zurp
Jan 2023Participated
$5 MSeed
Stark
Aug 2022Participated
$6 MSeed
Geminus
Jun 2022Participated
$6 MSeed
CryptoLeague
Mar 2022Participated
$2 MSeed
CatalyzeX
Nov 2021Participated
$2 MSeed
Kintsugi
Aug 2021Participated
$8 MSeed
Prescient AI
Jul 2021Led
$2 MSeed
Stark
Oct 2020Led
$2 MSeed
Briq
May 2020Participated
$10 MSeries A
FogHorn
Feb 2020Participated
$25 MSeries C
Human Inc
Oct 2018Participated
$21 MSeries B
17
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Darling Ventures: 17 funding rounds are recorded in the selected participation categories.All available history.
Darling Ventures: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed37
Series A02
Series B03
Series C+01
Other Equity01

Monthly Deal Activity

Darling Ventures: 17 deals are recorded across 138 months.All available history.
Darling Ventures: 17 deals are recorded across 138 months. All available history
MonthDeals
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '171
Sep '170
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '211
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
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 '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Darling Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (8 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.

Darling Ventures: Networks, Cloud & Communication is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Networks, Cloud & Communication8
Enterprise Software7
AI & Machine Learning7
Hardware & Robotics4
Fintech4
Marketing & Advertising3
Manufacturing3
E-Commerce & Retail2
Professional Services2
Clean Energy & Sustainability1
Data, Analytics & IT1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1
Crypto & Blockchain1
Health & Life Sciences1
Developer Tools1

Deal Size Distribution

Darling Ventures: 17 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.

Darling Ventures: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M5
$10M-$25M3
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Darling Ventures: United States has the largest recorded deal count among the displayed regions (15 deals).All available history.

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

Darling Ventures: United States has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
United States15
Europe1
South Africa1
Darling Ventures: 20 co-investors are shown, with March 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

Darling Ventures: Led accounts for 18% and participating for 82% of round participation.All available history.
Darling Ventures: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led318%
Participating1482%
Darling Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Darling Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Pascal Unger

Managing Partner