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The Venture Codex

Overview

Invests in growth stage technology companies for market leadership.

Founded

2006

Deals ยท 12mo

11

Stage focus

Series B
Series C
Series D

Geographic focus

United States

Sector focus

Digital Media
Venture Capital

Investment portfolio

93rounds
NAMEDATESIZE
BigHat Biosciences
Sep 2026Led
$75 MSeries C
Impulse Space
Sep 2026Participated
$308 MSeries D
Positron
Sep 2026Participated
$875 MSeries C
Cambridge Aerospace
Aug 2026Led
$300 MSeries C
Neuralink
May 2026Participated
$650 MSeries E
Saronic
Mar 2026Participated
$1.8 BSeries D
XBOW
Mar 2026Led
$120 MSeries C
Goodfire
Feb 2026Participated
$150 MSeries B
Positron
Feb 2026Participated
$230 MSeries B
Cellares
Jan 2026Participated
$257 MSeries D
Paradigm
Dec 2025Participated
$78 MSeries B
Modular
Sep 2025Participated
$250 MSeries B
BigHat Biosciences
Sep 2026Led
$75 MSeries C
Impulse Space
Sep 2026Participated
$308 MSeries D
Positron
Sep 2026Participated
$875 MSeries C
Cambridge Aerospace
Aug 2026Led
$300 MSeries C
Neuralink
May 2026Participated
$650 MSeries E
Saronic
Mar 2026Participated
$1.8 BSeries D
XBOW
Mar 2026Led
$120 MSeries C
Goodfire
Feb 2026Participated
$150 MSeries B
Positron
Feb 2026Participated
$230 MSeries B
Cellares
Jan 2026Participated
$257 MSeries D
Paradigm
Dec 2025Participated
$78 MSeries B
Modular
Sep 2025Participated
$250 MSeries B
93
Items
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Insights

Time horizon

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Deal Distribution

DFJ Growth: 93 funding rounds are recorded in the selected participation categories.All available history.
DFJ Growth: 93 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A21
Series B712
Series C+2038
Other Equity39
Debt01

Monthly Deal Activity

DFJ Growth: 93 deals are recorded across 214 months.All available history.
DFJ Growth: 93 deals are recorded across 214 months. All available history
MonthDeals
Jan '091
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '101
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '111
Jun '110
Jul '110
Aug '111
Sep '111
Oct '110
Nov '110
Dec '110
Jan '121
Feb '121
Mar '120
Apr '120
May '120
Jun '120
Jul '121
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '132
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '141
Jan '151
Feb '150
Mar '151
Apr '150
May '150
Jun '153
Jul '151
Aug '150
Sep '151
Oct '151
Nov '150
Dec '150
Jan '162
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '161
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '171
Jun '171
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '181
Feb '180
Mar '181
Apr '180
May '181
Jun '181
Jul '180
Aug '180
Sep '180
Oct '182
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '191
May '191
Jun '194
Jul '191
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '201
Jul '201
Aug '200
Sep '200
Oct '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '211
Apr '212
May '213
Jun '212
Jul '210
Aug '211
Sep '210
Oct '211
Nov '211
Dec '212
Jan '220
Feb '222
Mar '221
Apr '221
May '221
Jun '222
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '231
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '251
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '251
Jan '261
Feb '262
Mar '262
Apr '260
May '261
Jun '260
Jul '260
Aug '261
Sep '263
Oct '260

Sector Breakdown

DFJ Growth: Enterprise Software is the largest displayed sector by deal count (33 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.

DFJ Growth: Enterprise Software is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Enterprise Software33
AI & Machine Learning27
Data, Analytics & IT24
Networks, Cloud & Communication20
Hardware & Robotics17
Cybersecurity & Privacy15
Space & Frontier Tech14
Health & Life Sciences14
Marketing & Advertising11
Fintech11
Manufacturing11
Developer Tools9
Transportation & Logistics6
Media & Entertainment6
E-Commerce & Retail5
Government & Defense4
AR/VR3
Real Estate & Construction3
Crypto & Blockchain3
Social & Community Platforms3
Clean Energy & Sustainability2
Consumer & Lifestyle2
Education & Workforce1
Food & Agriculture1
Gaming & eSports1

Deal Size Distribution

DFJ Growth: 93 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.

DFJ Growth: 93 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M6
$25M-$50M14
$50M-$100M29
$100M-$250M23
$250M-$500M12
$500M-$1B5
$1B+3

Deals By Geography

DFJ Growth: United States has the largest recorded deal count among the displayed regions (84 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

DFJ Growth: United States has the largest recorded deal count among the displayed regions (84 deals). All available history
RegionDeals
United States84
Europe5
432301
100361
China1
Israel1
DFJ Growth: 20 co-investors are shown, with Sequoia Capital sharing 10 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

DFJ Growth: Led accounts for 34% and participating for 66% of round participation.All available history.
DFJ Growth: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led3234%
Participating6166%
DFJ Growth: Single-lead accounts for 66% and co-led for 34% of lead dynamics.All available history.
DFJ Growth: Single-lead accounts for 66% and co-led for 34% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2166%
Co-led1134%

Team

Barry Schuler

Managing Director and Partner

Delaney Ugelstad

Associate and VC

John Fisher

Co-Founder and Partner

Justin Kao

Founder

Kevin Tu

Principal

Mark Bailey

Founder and Partner

Mo Islam

Partner

Ramin Sayar

Technology Investor

Randy Glein

Co-Founder and Partner

Sandesh Patnam

Venture Partner

Tim Draper

Founding Partner