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The Venture Codex

Overview

Venture capital investment in early and growth stage technology businesses.

Founded

1986

Deals · 12mo

0

Stage focus

Series A

Geographic focus

United Kingdom
United States

Sector focus

Financial Services
Impact Investing
Venture Capital

Investment portfolio

56rounds
NAMEDATESIZE
TidalSense
May 2023Led
$9 MOther Equity
Qkine
Dec 2022Led
$5 MOther Equity
FundamentalVR
Aug 2022Led
$20 MSeries B
Distributed
Jun 2022Led
$10 MOther Equity
Dragonfly AI
Apr 2022Led
$4 MSeries A
MIP Diagnostics
Feb 2022Participated
$6 MOther Equity
Virtuoso
Nov 2021Participated
$13 MSeries A
Closed Loop Medicine
Nov 2021Participated
$18 MSeries A
DiA Imaging Analysis
Aug 2021Participated
$14 MSeries B
Invizius
May 2021Led
$7 MSeries A
Cape
Apr 2021Participated
$20 MSeries A
Ondat
Feb 2021Led
$10 MSeries B
TidalSense
May 2023Led
$9 MOther Equity
Qkine
Dec 2022Led
$5 MOther Equity
FundamentalVR
Aug 2022Led
$20 MSeries B
Distributed
Jun 2022Led
$10 MOther Equity
Dragonfly AI
Apr 2022Led
$4 MSeries A
MIP Diagnostics
Feb 2022Participated
$6 MOther Equity
Virtuoso
Nov 2021Participated
$13 MSeries A
Closed Loop Medicine
Nov 2021Participated
$18 MSeries A
DiA Imaging Analysis
Aug 2021Participated
$14 MSeries B
Invizius
May 2021Led
$7 MSeries A
Cape
Apr 2021Participated
$20 MSeries A
Ondat
Feb 2021Led
$10 MSeries B
56
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Insights

Time horizon

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Deal Distribution

Downing Ventures: 56 funding rounds are recorded in the selected participation categories.All available history.
Downing Ventures: 56 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed35
Series A611
Series B53
Series C+13
Other Equity109

Monthly Deal Activity

Downing Ventures: 56 deals are recorded across 129 months.All available history.
Downing Ventures: 56 deals are recorded across 129 months. All available history
MonthDeals
Feb '161
Mar '161
Apr '161
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '171
Nov '171
Dec '171
Jan '182
Feb '181
Mar '180
Apr '181
May '181
Jun '180
Jul '180
Aug '180
Sep '182
Oct '181
Nov '180
Dec '180
Jan '194
Feb '191
Mar '190
Apr '191
May '190
Jun '191
Jul '191
Aug '192
Sep '192
Oct '193
Nov '192
Dec '190
Jan '200
Feb '201
Mar '200
Apr '201
May '200
Jun '200
Jul '201
Aug '201
Sep '201
Oct '201
Nov '203
Dec '200
Jan '210
Feb '213
Mar '210
Apr '211
May '211
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '212
Dec '210
Jan '220
Feb '221
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '231
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

Downing Ventures: Enterprise Software is the largest displayed sector by deal count (17 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.

Downing Ventures: Enterprise Software is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Enterprise Software17
Health & Life Sciences16
Networks, Cloud & Communication15
Data, Analytics & IT12
E-Commerce & Retail11
AI & Machine Learning10
Consumer & Lifestyle6
Marketing & Advertising5
Manufacturing5
Professional Services5
Developer Tools5
Education & Workforce4
Real Estate & Construction4
Space & Frontier Tech4
Hardware & Robotics4
Fintech4
Media & Entertainment4
Cybersecurity & Privacy3
AR/VR3
Transportation & Logistics2
Travel & Hospitality1
Government & Defense1
Clean Energy & Sustainability1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Downing Ventures: 56 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.

Downing Ventures: 56 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M21
$10M-$25M14
$25M-$50M1
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Downing Ventures: Europe has the largest recorded deal count among the displayed regions (49 deals).All available history.

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

Downing Ventures: Europe has the largest recorded deal count among the displayed regions (49 deals). All available history
RegionDeals
Europe49
United States6
Israel1
Downing Ventures: 20 co-investors are shown, with BGF sharing 6 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

Downing Ventures: Led accounts for 45% and participating for 55% of round participation.All available history.
Downing Ventures: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led2545%
Participating3155%
Downing Ventures: Single-lead accounts for 44% and co-led for 56% of lead dynamics.All available history.
Downing Ventures: Single-lead accounts for 44% and co-led for 56% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1144%
Co-led1456%

Team

Daniel Cheung

Associate

Gideon Shmuel

Venture Partner

Jack Eadie

Partner

Joseph Raffa

Venture Partner

Matt Pierce

Investment Director

Nick Lewis

Founding Partner, Investment Committee Member & Chairman

Richard Lewis

Investment Director