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The Venture Codex

Overview

"Crypto asset management firm investing in programmable money tokens."

Founded

2013

Deals ยท 12mo

5

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Blockchain
Cryptocurrency
Financial Services
FinTech
...

Investment portfolio

85rounds
NAMEDATESIZE
infiniFi
Sep 2026Led
$3 MSeed
V12
Jul 2026Led
$10 MSeed
Legend Trade
Apr 2026Led
$4 MSeed
Legend
Apr 2026Led
$4 MSeed
Squads
Apr 2026Participated
$18 MOther Equity
Aven
Sep 2025Participated
$110 MSeries E
Sharplink Gaming
Sep 2025Participated
$425 MOther Equity
Etherealize
Sep 2025Led
$40 MSeries A
Hyperbeat
Aug 2025Led
$5 MSeed
Sundial
Jul 2025Participated
$16 MSeries A
Axelar Network
Mar 2025Participated
$30 MOther Equity
Bitwise
Feb 2025Led
$70 MOther Equity
infiniFi
Sep 2026Led
$3 MSeed
V12
Jul 2026Led
$10 MSeed
Legend Trade
Apr 2026Led
$4 MSeed
Legend
Apr 2026Led
$4 MSeed
Squads
Apr 2026Participated
$18 MOther Equity
Aven
Sep 2025Participated
$110 MSeries E
Sharplink Gaming
Sep 2025Participated
$425 MOther Equity
Etherealize
Sep 2025Led
$40 MSeries A
Hyperbeat
Aug 2025Led
$5 MSeed
Sundial
Jul 2025Participated
$16 MSeries A
Axelar Network
Mar 2025Participated
$30 MOther Equity
Bitwise
Feb 2025Led
$70 MOther Equity
85
Items
...
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Insights

Time horizon

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Deal Distribution

Electric Capital: 85 funding rounds are recorded in the selected participation categories.All available history.
Electric Capital: 85 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1912
Series A59
Series B31
Series C+03
Other Equity1120
ICO02

Monthly Deal Activity

Electric Capital: 85 deals are recorded across 103 months.All available history.
Electric Capital: 85 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '181
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '192
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '201
Dec '200
Jan '211
Feb '212
Mar '210
Apr '214
May '210
Jun '212
Jul '212
Aug '210
Sep '211
Oct '212
Nov '215
Dec '212
Jan '221
Feb '221
Mar '221
Apr '223
May '222
Jun '221
Jul '221
Aug '220
Sep '222
Oct '221
Nov '222
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '230
Jul '231
Aug '231
Sep '230
Oct '231
Nov '231
Dec '231
Jan '240
Feb '243
Mar '240
Apr '244
May '242
Jun '245
Jul '243
Aug '240
Sep '240
Oct '240
Nov '242
Dec '241
Jan '250
Feb '251
Mar '251
Apr '250
May '250
Jun '250
Jul '251
Aug '251
Sep '253
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '263
May '260
Jun '260
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Electric Capital: Crypto & Blockchain is the largest displayed sector by deal count (67 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.

Electric Capital: Crypto & Blockchain is the largest displayed sector by deal count (67 deals). All available history
SectorDeals
Crypto & Blockchain67
Fintech40
Enterprise Software15
Networks, Cloud & Communication11
Cybersecurity & Privacy8
Data, Analytics & IT7
Professional Services4
Developer Tools4
E-Commerce & Retail3
Health & Life Sciences3
AI & Machine Learning3
Social & Community Platforms3
Consumer & Lifestyle2
Food & Agriculture2
Travel & Hospitality1
Transportation & Logistics1
Hardware & Robotics1
Gaming & eSports1

Deal Size Distribution

Electric Capital: 85 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.

Electric Capital: 85 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M18
$10M-$25M25
$25M-$50M9
$50M-$100M4
$100M-$250M5
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Electric Capital: United States has the largest recorded deal count among the displayed regions (57 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Electric Capital: United States has the largest recorded deal count among the displayed regions (57 deals). All available history
RegionDeals
United States57
Europe11
Singapore3
United Arab Emirates2
Philippines2
Canada2
1018 Ll1
902911
Seychelles1
904011
Electric Capital: 20 co-investors are shown, with Coinbase Ventures sharing 17 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

Electric Capital: Led accounts for 45% and participating for 55% of round participation.All available history.
Electric Capital: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led3845%
Participating4755%
Electric Capital: Single-lead accounts for 61% and co-led for 39% of lead dynamics.All available history.
Electric Capital: Single-lead accounts for 61% and co-led for 39% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2361%
Co-led1539%

Team

Adam Wolff

Technical Fellow

Avichal Garg

Managing Partner

Curtis Spencer

Partner & Co-Founder