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The Venture Codex

Overview

Vertically integrated real estate investment firm and solutions provider.

Founded

1993

Deals · 12mo

2

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

—

Investment portfolio

27rounds
NAMEDATESIZE
LightTable
May 2026Participated
$22 MSeries A
Acelab
Oct 2025Participated
$14 MSeries A
Field Materials, Inc.
Apr 2025Participated
$11 MSeries A
Jones
Jan 2025Participated
$15 MSeries B
EliseAI
Aug 2024Participated
$75 MSeries D
Field Materials, Inc.
Jun 2024Led
$4 MSeed
Site Technologies
Sep 2023Participated
$10 MSeries A
EliseAI
Jun 2023Participated
$35 MSeries C
Obie
May 2023Participated
$26 MSeries B
Kitchen United
Jul 2022Participated
$100 MSeries C
Agorus
Jul 2022Participated
$7 MSeed
Metropolis
Jun 2022Participated
$167 MSeries B
LightTable
May 2026Participated
$22 MSeries A
Acelab
Oct 2025Participated
$14 MSeries A
Field Materials, Inc.
Apr 2025Participated
$11 MSeries A
Jones
Jan 2025Participated
$15 MSeries B
EliseAI
Aug 2024Participated
$75 MSeries D
Field Materials, Inc.
Jun 2024Led
$4 MSeed
Site Technologies
Sep 2023Participated
$10 MSeries A
EliseAI
Jun 2023Participated
$35 MSeries C
Obie
May 2023Participated
$26 MSeries B
Kitchen United
Jul 2022Participated
$100 MSeries C
Agorus
Jul 2022Participated
$7 MSeed
Metropolis
Jun 2022Participated
$167 MSeries B
27
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Insights

Time horizon

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Deal Distribution

DivcoWest: 27 funding rounds are recorded in the selected participation categories.All available history.
DivcoWest: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A07
Series B27
Series C+07
Other Equity01

Monthly Deal Activity

DivcoWest: 27 deals are recorded across 106 months.All available history.
DivcoWest: 27 deals are recorded across 106 months. All available history
MonthDeals
Jan '181
Feb '181
Mar '180
Apr '182
May '181
Jun '181
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '192
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '222
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

DivcoWest: Real Estate & Construction is the largest displayed sector by deal count (22 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.

DivcoWest: Real Estate & Construction is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Real Estate & Construction22
Data, Analytics & IT8
AI & Machine Learning8
Enterprise Software7
E-Commerce & Retail4
Transportation & Logistics4
Professional Services3
Fintech2
Manufacturing2
Health & Life Sciences2
Food & Agriculture2
Travel & Hospitality1
Space & Frontier Tech1
Networks, Cloud & Communication1
Hardware & Robotics1

Deal Size Distribution

DivcoWest: 27 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.

DivcoWest: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M6
$10M-$25M8
$25M-$50M5
$50M-$100M3
$100M-$250M2
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

DivcoWest: United States has the largest recorded deal count among the displayed regions (27 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

DivcoWest: United States has the largest recorded deal count among the displayed regions (27 deals). All available history
RegionDeals
United States27
DivcoWest: 20 co-investors are shown, with Navitas Capital sharing 11 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

DivcoWest: Led accounts for 11% and participating for 89% of round participation.All available history.
DivcoWest: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led311%
Participating2489%
DivcoWest: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
DivcoWest: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Robert Mashaal

Chief Investment Officer

Steve Novick

Senior Managing Director - Real Estate Technology

Stuart Shiff

Founder, Chief Executive Officer

Virginia Calkins

Development Team

William Alexis

Associate Director