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The Venture Codex

Dragon Capital

316 State St Ste 210, Los Altos, CA, 94022, United States

Overview

Venture Capital firm investing in early stage startups founded by passionate entrepreneurs building emerging technology solutions to digitize, disrupt and optimize traditional business models across various non-digital industry verticals.

Total investments
12
Lead investments
2
Investments · 12mo
1
Active investors
2

Sector focus

  • Financial Services
  • Internet
  • Software
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Investment portfolio

  • Chari

    Participated · Series A · Oct 2025

    Founded in 2020 by husband-and-wife team Ismael and Sophia Belkhayat, Chari began as a mobile marketplace enabling corner shops to procure fast-moving consumer goods directly from distributors. The company has since evolved toward a banking-as-a-service model, using its recently obtained payment-institution licence from Bank Al-Maghrib to embed digital payments, credit, and other financial tools inside its merchant app. More than 20,000 small retailers across Morocco, Tunisia, and Côte d’Ivoire now use Chari’s platform, making it one of the region’s largest informal-retail digitisation plays. With a “super app” approach, Chari aims to transform these mom-and-pop stores into grassroots financial access points for underbanked communities. Future plans include opening its in-house financial rails to third-party developers, positioning the startup as a regional fintech enabler across Francophone Africa. To date, Chari has raised roughly $17 million in venture funding, which supports both its commerce logistics operations and the build-out of its fintech infrastructure.

  • Hung Thinh Land

    Led · Equity · Jun 2022

    Hung Thinh Land Joint Stock Company is a Vietnamese real-estate developer that builds affordable housing and resort projects. The company has developed more than 30,000 products, served over 100,000 customers, and currently owns and develops 36 projects. Completed developments include Lavita Charm, District 7 Boulevard, Saigon Mia, and Moonlight Residences; resort projects include Cam Ranh Mystery Villas and MerryLand Quy Nhon. In January 2022 Hung Thinh and its ecosystem launched an "Affordable Housing" initiative with Dong Tam Group and Truong Thanh Furniture Corporation to deliver quality, reasonably priced housing for workers and low-income buyers. In June 2022 the company received a USD 103 million equity investment from Dragon Capital and VinaCapital to support strategic directions and promote its affordable housing product line. The transaction was approved by competent state management agencies under Vietnam's Law on Foreign Investment and marked Hung Thinh Land's first entry into the international capital market, supporting its plans for sustainable growth and a planned IPO and listing on HOSE in 2023.

  • Lendtable

    Participated · Series A · Dec 2021

    Lendtable provides short-term capital that lets employees receive their full employer 401(k) match and participate in Employee Stock Purchase Plans (ESPPs). The company has expanded its product set to include Lendtable Cash and an ESPP Cash product that now represents roughly 20% of users. Over the past year Lendtable provisioned more than $3 million to customers (up from about $134,000) and grew its business roughly 22x. Operational investments include thousands of indexed 401(k) plans, integrations with providers like Atomic and DocuSign, a redesigned app and landing page, and a customer-success focus that delivered a median response time of 45 seconds. Future plans in the article include tripling headcount in the next year, continuing to grow core 401(k) and ESPP products, and building out services that support lifelong customer relationships.

  • Avoma

    Participated · Series A · Dec 2021

    Avoma builds an AI meeting assistant that automates meeting workflows with agenda templates, real-time transcription, note-taking, video capture, summaries and actionable insights. The product combines meeting management, an AI assistant and conversation intelligence in one tool, integrates with CRMs, lets users search keywords and play short video snippets, and shows who spoke most during meetings. Founded in 2017, the company says its product returns a few hours a week to users and on average improves meeting outcomes by 30%. Avoma has grown revenue over 400% year-over-year for the past three years and serves more than 300 customers. Employee headcount doubled to 15 since last December, and the company plans to expand headcount roughly fourfold in the next 12 months across North America and India. Avoma will use new funding to advance its machine learning and natural language understanding, refine the user interface, and expand workflow integrations across a meeting’s lifecycle.

  • Enable Us

    Participated · Equity · Dec 2021

    Enable.us is a San Francisco-based no-code virtual selling platform that helps B2B marketing and sales teams create personalized virtual salesrooms for buyers. The platform makes it easy to create and find sales collateral and customer references, distribute resources through a single virtual salesroom link, and coordinate interactions among sellers, buyers, and evaluation teams. It also analyzes content to identify which pieces are most effective at closing deals for sellers and marketers. The company was co-founded by Jinal Jhaveri, Adam Pearson, Galen Li, and Andrey Bolaños and was incubated by Y Combinator. Enable.us currently serves over 75 customers who have created more than 1,500 virtual rooms serving buyers across North America, Europe, Australia, and Asia. After raising $4.5M in funding, the company intends to use the proceeds to expand operations and broaden its business reach.

Team