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The Venture Codex

Overview

Disciplined seed-stage investors focused on B2B software companies.

Founded

2019

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

20rounds
NAMEDATESIZE
IntelliGRC
Mar 2026Participated
$4 MSeed
FirmPilot
Feb 2026Participated
$22 MSeries A
MagicDoor
Sep 2025Participated
$5 MSeed
Chargezoom
Dec 2024Participated
$12 MSeries A
Protiv
Apr 2024Participated
$2 MSeed
KredosAI
Apr 2024Participated
$2 MOther Equity
FirmPilot
Jan 2024Participated
$2 MSeed
Wove
Nov 2022Participated
$4 MSeed
Pendella
Mar 2022Participated
$5 MSeed
Bark Social
Feb 2022Led
$2 MOther Equity
SkillCycle
Dec 2021Participated
$4 MSeed
UpEquity
Oct 2021Participated
$50 MDebt
IntelliGRC
Mar 2026Participated
$4 MSeed
FirmPilot
Feb 2026Participated
$22 MSeries A
MagicDoor
Sep 2025Participated
$5 MSeed
Chargezoom
Dec 2024Participated
$12 MSeries A
Protiv
Apr 2024Participated
$2 MSeed
KredosAI
Apr 2024Participated
$2 MOther Equity
FirmPilot
Jan 2024Participated
$2 MSeed
Wove
Nov 2022Participated
$4 MSeed
Pendella
Mar 2022Participated
$5 MSeed
Bark Social
Feb 2022Led
$2 MOther Equity
SkillCycle
Dec 2021Participated
$4 MSeed
UpEquity
Oct 2021Participated
$50 MDebt
20
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Early Light Ventures: 20 funding rounds are recorded in the selected participation categories.All available history.
Early Light Ventures: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed39
Series A13
Other Equity12
Debt01

Monthly Deal Activity

Early Light Ventures: 20 deals are recorded across 76 months.All available history.
Early Light Ventures: 20 deals are recorded across 76 months. All available history
MonthDeals
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '212
Jul '211
Aug '211
Sep '210
Oct '212
Nov '210
Dec '211
Jan '220
Feb '221
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '242
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Early Light Ventures: Enterprise Software is the largest displayed sector by deal count (7 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.

Early Light Ventures: Enterprise Software is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Enterprise Software7
Fintech7
Professional Services7
AI & Machine Learning6
E-Commerce & Retail4
Marketing & Advertising4
Real Estate & Construction3
Networks, Cloud & Communication3
Health & Life Sciences3
Cybersecurity & Privacy2
Data, Analytics & IT2
Education & Workforce1
Consumer & Lifestyle1
Manufacturing1

Deal Size Distribution

Early Light Ventures: 20 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.

Early Light Ventures: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M14
$5M-$10M2
$10M-$25M2
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Early Light Ventures: United States has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Early Light Ventures: United States has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
United States19
Canada1
Early Light Ventures: 20 co-investors are shown, with SaaS Ventures sharing 7 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

Early Light Ventures: Led accounts for 25% and participating for 75% of round participation.All available history.
Early Light Ventures: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led525%
Participating1575%
Early Light Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Early Light Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead5100%
Co-led00%

Team

Greg Cangialosi

Venture Partner

Mike Leffer

Principal

Sam Diener

Managing Partner

Scott Garber

Managing Partner