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The Venture Codex

Overview

Invests in early and growth stage technology and consumer companies.

Founded

2014

Deals ยท 12mo

8

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

20rounds
NAMEDATESIZE
Hike Medical
Aug 2026Participated
$23 MSeries A
Databento
Jul 2026Participated
$97 MSeries B
Peregrine Technologies
Jun 2026Led
$250 MSeries D
Chapter
Apr 2026Participated
$100 MSeries E
Cape
Mar 2026Participated
$100 MSeries C
Northslope
Jan 2026Participated
$22 MSeries A
Valinor Enterprises
Jan 2026Participated
$54 MSeries A
Numeric
Nov 2025Participated
$51 MSeries B
MaintainX
Jul 2025Participated
$150 MSeries D
Peregrine Technologies
Mar 2025Participated
$190 MSeries C
Daisy
Mar 2025Led
$15 MSeries C
Numeric
Oct 2024Participated
$28 MSeries A
Hike Medical
Aug 2026Participated
$23 MSeries A
Databento
Jul 2026Participated
$97 MSeries B
Peregrine Technologies
Jun 2026Led
$250 MSeries D
Chapter
Apr 2026Participated
$100 MSeries E
Cape
Mar 2026Participated
$100 MSeries C
Northslope
Jan 2026Participated
$22 MSeries A
Valinor Enterprises
Jan 2026Participated
$54 MSeries A
Numeric
Nov 2025Participated
$51 MSeries B
MaintainX
Jul 2025Participated
$150 MSeries D
Peregrine Technologies
Mar 2025Participated
$190 MSeries C
Daisy
Mar 2025Led
$15 MSeries C
Numeric
Oct 2024Participated
$28 MSeries A
20
Items
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Insights

Time horizon

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Deal Distribution

Fifth Down Capital: 20 funding rounds are recorded in the selected participation categories.All available history.
Fifth Down Capital: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A14
Series B13
Series C+35
Other Equity02

Monthly Deal Activity

Fifth Down Capital: 20 deals are recorded across 66 months.All available history.
Fifth Down Capital: 20 deals are recorded across 66 months. All available history
MonthDeals
May '211
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '221
Sep '220
Oct '220
Nov '220
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 '240
Feb '240
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '252
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '262
Feb '260
Mar '261
Apr '261
May '260
Jun '261
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Fifth Down Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (10 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.

Fifth Down Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Networks, Cloud & Communication10
Enterprise Software6
Data, Analytics & IT6
Fintech6
Government & Defense4
AI & Machine Learning4
Professional Services4
Transportation & Logistics3
Health & Life Sciences3
Consumer & Lifestyle2
E-Commerce & Retail1
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Real Estate & Construction1
Space & Frontier Tech1
Marketing & Advertising1
Food & Agriculture1

Deal Size Distribution

Fifth Down Capital: 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.

Fifth Down Capital: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M5
$25M-$50M2
$50M-$100M6
$100M-$250M4
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Fifth Down Capital: 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.

Fifth Down Capital: United States has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
United States19
841211
Fifth Down Capital: 20 co-investors are shown, with Friends & Family Capital sharing 6 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

Fifth Down Capital: Led accounts for 25% and participating for 75% of round participation.All available history.
Fifth Down Capital: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led525%
Participating1575%
Fifth Down Capital: Single-lead accounts for 20% and co-led for 80% of lead dynamics.All available history.
Fifth Down Capital: Single-lead accounts for 20% and co-led for 80% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead120%
Co-led480%

Team

Andrew M. Spellman

Founder & Managing Partner

Elissa McGinty

Chief Financial Officer & Chief Compliance Officer

Jayni Shah

Partner

Laura Sirhal

Financial Accountant

Liam P.

Partner