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The Venture Codex

Overview

Venture capital firm financing high-growth startups and emerging companies.

Founded

2020

Deals ยท 12mo

3

Stage focus

Seed
Series A

Geographic focus

Canada
The Netherlands
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
Enera
Jun 2026Participated
$2 MSeed
Thea Energy
May 2026Participated
$100 MSeries B
Opto Biosystems
Nov 2025Participated
$10 MSeed
PHNX Materials
Apr 2025Led
$3 MSeed
Baton
Jan 2025Participated
$10 MSeries A
Paterna Biosciences
Oct 2024Participated
$6 MSeed
Ceragen
Jul 2024Participated
$2 MSeed
Hoop
Jun 2024Participated
$5 MSeed
Motif Neurotech
Jan 2024Participated
$19 MSeries A
Bedrock Energy
Oct 2023Participated
$9 MSeed
Wasted
Jan 2023Participated
$8 MSeed
Justpoint
Mar 2022Led
$7 MSeed
Enera
Jun 2026Participated
$2 MSeed
Thea Energy
May 2026Participated
$100 MSeries B
Opto Biosystems
Nov 2025Participated
$10 MSeed
PHNX Materials
Apr 2025Led
$3 MSeed
Baton
Jan 2025Participated
$10 MSeries A
Paterna Biosciences
Oct 2024Participated
$6 MSeed
Ceragen
Jul 2024Participated
$2 MSeed
Hoop
Jun 2024Participated
$5 MSeed
Motif Neurotech
Jan 2024Participated
$19 MSeries A
Bedrock Energy
Oct 2023Participated
$9 MSeed
Wasted
Jan 2023Participated
$8 MSeed
Justpoint
Mar 2022Led
$7 MSeed
12
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Insights

Time horizon

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Deal Distribution

Divergent Capital: 12 funding rounds are recorded in the selected participation categories.All available history.
Divergent Capital: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed27
Series A02
Series B01

Monthly Deal Activity

Divergent Capital: 12 deals are recorded across 56 months.All available history.
Divergent Capital: 12 deals are recorded across 56 months. All available history
MonthDeals
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Divergent Capital: Health & Life Sciences 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.

Divergent Capital: Health & Life Sciences is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Health & Life Sciences4
Clean Energy & Sustainability4
Networks, Cloud & Communication3
AI & Machine Learning3
Food & Agriculture2
Professional Services2
Hardware & Robotics1
Enterprise Software1
Manufacturing1
E-Commerce & Retail1
Real Estate & Construction1
Data, Analytics & IT1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

Divergent Capital: 12 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.

Divergent Capital: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M5
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Divergent Capital: United States has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Divergent Capital: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Europe3
100161
Canada1
Divergent Capital: 20 co-investors are shown, with Climate Capital sharing 2 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

Divergent Capital: Led accounts for 17% and participating for 83% of round participation.All available history.
Divergent Capital: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led217%
Participating1083%
Divergent Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Divergent Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Katie Shea

Co-Founder & Managing Partner

Lucy Wang

Co-Founder and General Partner