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The Venture Codex

Overview

Pre-seed and seed stage fund for deep tech companies.

Founded

2017

Deals ยท 12mo

4

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

FinTech
Venture Capital

Investment portfolio

24rounds
NAMEDATESIZE
Foundry Robotics
Apr 2026Participated
$6 MSeed
Via Separations
Apr 2026Participated
$36 MOther Equity
Newera.ai
Dec 2025Led
$2 MSeed
QSimulate
Nov 2025Led
$11 MSeed
Elemind Technologies
Feb 2024Participated
$12 MSeed
Izote Biosciences
Feb 2024Led
$3 MSeed
CellFE
Sep 2023Participated
$22 MSeries A
SafeAI
Dec 2022Participated
$38 MSeries B
BreezeML
Dec 2022Participated
$4 MSeed
Rugged Robotics
Mar 2022Participated
$9 MSeries A
Kula Bio
Jan 2022Participated
$50 MSeries A
Machina Labs
Nov 2021Participated
$16 MSeries A
Foundry Robotics
Apr 2026Participated
$6 MSeed
Via Separations
Apr 2026Participated
$36 MOther Equity
Newera.ai
Dec 2025Led
$2 MSeed
QSimulate
Nov 2025Led
$11 MSeed
Elemind Technologies
Feb 2024Participated
$12 MSeed
Izote Biosciences
Feb 2024Led
$3 MSeed
CellFE
Sep 2023Participated
$22 MSeries A
SafeAI
Dec 2022Participated
$38 MSeries B
BreezeML
Dec 2022Participated
$4 MSeed
Rugged Robotics
Mar 2022Participated
$9 MSeries A
Kula Bio
Jan 2022Participated
$50 MSeries A
Machina Labs
Nov 2021Participated
$16 MSeries A
24
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Insights

Time horizon

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Deal Distribution

Embark Ventures: 24 funding rounds are recorded in the selected participation categories.All available history.
Embark Ventures: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed38
Series A07
Series B03
Series C+01
Other Equity02

Monthly Deal Activity

Embark Ventures: 24 deals are recorded across 101 months.All available history.
Embark Ventures: 24 deals are recorded across 101 months. All available history
MonthDeals
Jun '181
Jul '180
Aug '181
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '191
Mar '191
Apr '190
May '190
Jun '191
Jul '190
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 '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '212
Jun '211
Jul '211
Aug '210
Sep '210
Oct '211
Nov '211
Dec '210
Jan '221
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '222
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '242
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 '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '262
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Embark Ventures: AI & Machine Learning is the largest displayed sector by deal count (12 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.

Embark Ventures: AI & Machine Learning is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
AI & Machine Learning12
Space & Frontier Tech9
Health & Life Sciences8
Clean Energy & Sustainability6
Hardware & Robotics6
Real Estate & Construction4
Enterprise Software3
Transportation & Logistics3
Consumer & Lifestyle3
Manufacturing3
Cybersecurity & Privacy2
E-Commerce & Retail2
Food & Agriculture2
Networks, Cloud & Communication1

Deal Size Distribution

Embark Ventures: 24 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.

Embark Ventures: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M5
$10M-$25M8
$25M-$50M4
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Embark Ventures: United States has the largest recorded deal count among the displayed regions (22 deals).All available history.

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

Embark Ventures: United States has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
United States22
Saudi Arabia1
Canada1
Embark Ventures: 20 co-investors are shown, with Brick & Mortar Ventures sharing 4 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

Embark Ventures: Led accounts for 13% and participating for 88% of round participation.All available history.
Embark Ventures: Led accounts for 13% and participating for 88% of round participation. All available history
CategoryDeals (count)Share (%)
Led313%
Participating2188%
Embark Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Embark Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Peter Lee

Co-Founder and Managing Partner

Yipeng Zhao

Co-Founder and Managing Partner