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The Venture Codex

Overview

Seed and early-stage venture capital firm for B2B startups.

Founded

2010

Deals · 12mo

8

Stage focus

Seed

Geographic focus

Spain
United States

Sector focus

B2B
B2C
Financial Services
Internet
...

Investment portfolio

51rounds
NAMEDATESIZE
Arca Digital
Aug 2026Led
$1 MSeed
Eleva AI
Jul 2026Participated
$0.57 MSeed
Baker
Jun 2026Led
$0.60 MOther Equity
Hirevoice
May 2026Led
$1 MOther Equity
Spacebackend
Apr 2026Participated
$2 MSeed
Bcount
Mar 2026Participated
$1 MSeed
Stowlog
Jan 2026Led
$1 MSeed
DOST
Nov 2025Participated
$8 MSeries A
Vidext
Sep 2025Participated
$7 MSeries A
Tether
Jun 2025Led
$2 MSeed
Modular DS
May 2025Participated
$0.72 MSeed
Imperia
Feb 2025Participated
$12 MSeries A
Arca Digital
Aug 2026Led
$1 MSeed
Eleva AI
Jul 2026Participated
$0.57 MSeed
Baker
Jun 2026Led
$0.60 MOther Equity
Hirevoice
May 2026Led
$1 MOther Equity
Spacebackend
Apr 2026Participated
$2 MSeed
Bcount
Mar 2026Participated
$1 MSeed
Stowlog
Jan 2026Led
$1 MSeed
DOST
Nov 2025Participated
$8 MSeries A
Vidext
Sep 2025Participated
$7 MSeries A
Tether
Jun 2025Led
$2 MSeed
Modular DS
May 2025Participated
$0.72 MSeed
Imperia
Feb 2025Participated
$12 MSeries A
51
Items
...
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Insights

Time horizon

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Deal Distribution

Draper B1: 51 funding rounds are recorded in the selected participation categories.All available history.
Draper B1: 51 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed611
Series A05
Other Equity1415

Monthly Deal Activity

Draper B1: 51 deals are recorded across 121 months.All available history.
Draper B1: 51 deals are recorded across 121 months. All available history
MonthDeals
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 '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '190
Jun '191
Jul '191
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '211
Jul '210
Aug '211
Sep '211
Oct '210
Nov '212
Dec '211
Jan '221
Feb '221
Mar '221
Apr '221
May '222
Jun '222
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '231
Oct '231
Nov '232
Dec '230
Jan '241
Feb '240
Mar '242
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '251
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '261
Feb '260
Mar '261
Apr '261
May '261
Jun '261
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Draper B1: Enterprise Software is the largest displayed sector by deal count (14 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.

Draper B1: Enterprise Software is the largest displayed sector by deal count (14 deals). All available history
SectorDeals
Enterprise Software14
AI & Machine Learning12
Networks, Cloud & Communication10
Fintech9
Transportation & Logistics7
Media & Entertainment7
Travel & Hospitality6
E-Commerce & Retail6
Clean Energy & Sustainability4
Data, Analytics & IT4
Consumer & Lifestyle4
Cybersecurity & Privacy3
Real Estate & Construction3
Crypto & Blockchain3
Gaming & eSports3
Professional Services3
Education & Workforce2
Space & Frontier Tech2
Health & Life Sciences2
Developer Tools2
Hardware & Robotics1
Marketing & Advertising1
Manufacturing1

Deal Size Distribution

Draper B1: 51 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.

Draper B1: 51 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M45
$5M-$10M3
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Draper B1: Europe has the largest recorded deal count among the displayed regions (40 deals).All available history.

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

Draper B1: Europe has the largest recorded deal count among the displayed regions (40 deals). All available history
RegionDeals
Europe40
United States6
Philippines2
El Salvador1
Singapore1
Canada1
Draper B1: 20 co-investors are shown, with Archipelago Next sharing 9 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

Draper B1: Led accounts for 39% and participating for 61% of round participation.All available history.
Draper B1: Led accounts for 39% and participating for 61% of round participation. All available history
CategoryDeals (count)Share (%)
Led2039%
Participating3161%
Draper B1: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Draper B1: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1575%
Co-led525%

Team

Enrique Penichet

Founding Partner

Javier de la Ossa

Founding Partner

Jon Ijurra

VC Investor

Luz Adell

Managing Partner

Raquel Bernal

Head of Dealflow and portfolio manager

Teresa Ramos

Portfolio Manager