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The Venture Codex

Flex Capital

36 Palm Ave, San Francisco, CA, 94118, United States

Overview

Investment firm focused on early-stage company growth.

Founded

2008

Deals ยท 12mo

12

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

47rounds
NAMEDATESIZE
Ampersand
Oct 2026Participated
$15 MSeries A
CodeRabbit
Aug 2026Participated
$143 MSeries C
Uniti AI
Jul 2026Participated
$12 MSeries A
Kin Health
May 2026Participated
$9 MSeed
Citra Space
Apr 2026Participated
$15 MSeries A
Giant
Feb 2026Participated
$8 MSeed
GoodDay Software
Jan 2026Participated
$7 MSeed
Protege
Jan 2026Participated
$30 MSeries A
Smooth
Dec 2025Participated
$184 MSeries B
Multifactor
Dec 2025Participated
$15 MSeed
Tavus
Nov 2025Participated
$40 MSeries B
GitLaw
Nov 2025Participated
$3 MSeed
Ampersand
Oct 2026Participated
$15 MSeries A
CodeRabbit
Aug 2026Participated
$143 MSeries C
Uniti AI
Jul 2026Participated
$12 MSeries A
Kin Health
May 2026Participated
$9 MSeed
Citra Space
Apr 2026Participated
$15 MSeries A
Giant
Feb 2026Participated
$8 MSeed
GoodDay Software
Jan 2026Participated
$7 MSeed
Protege
Jan 2026Participated
$30 MSeries A
Smooth
Dec 2025Participated
$184 MSeries B
Multifactor
Dec 2025Participated
$15 MSeed
Tavus
Nov 2025Participated
$40 MSeries B
GitLaw
Nov 2025Participated
$3 MSeed
47
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Insights

Time horizon

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Deal Distribution

Flex Capital: 47 funding rounds are recorded in the selected participation categories.All available history.
Flex Capital: 47 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed119
Series A211
Series B07
Series C+04
Other Equity11
Debt01

Monthly Deal Activity

Flex Capital: 47 deals are recorded across 84 months.All available history.
Flex Capital: 47 deals are recorded across 84 months. All available history
MonthDeals
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '210
Nov '213
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '222
Jun '221
Jul '220
Aug '220
Sep '222
Oct '222
Nov '221
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '241
Sep '242
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '251
Apr '250
May '251
Jun '251
Jul '251
Aug '252
Sep '251
Oct '250
Nov '252
Dec '252
Jan '262
Feb '261
Mar '260
Apr '261
May '261
Jun '260
Jul '261
Aug '261
Sep '260
Oct '261

Sector Breakdown

Flex Capital: AI & Machine Learning is the largest displayed sector by deal count (20 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.

Flex Capital: AI & Machine Learning is the largest displayed sector by deal count (20 deals). All available history
SectorDeals
AI & Machine Learning20
Enterprise Software18
Networks, Cloud & Communication13
Fintech10
Data, Analytics & IT9
Developer Tools9
Health & Life Sciences5
Professional Services5
Real Estate & Construction4
Marketing & Advertising4
Cybersecurity & Privacy2
E-Commerce & Retail2
Space & Frontier Tech2
Education & Workforce1
Clean Energy & Sustainability1
Transportation & Logistics1
Crypto & Blockchain1
Hardware & Robotics1
Media & Entertainment1

Deal Size Distribution

Flex Capital: 47 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.

Flex Capital: 47 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M8
$10M-$25M15
$25M-$50M8
$50M-$100M1
$100M-$250M5
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Flex Capital: United States has the largest recorded deal count among the displayed regions (42 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Flex Capital: United States has the largest recorded deal count among the displayed regions (42 deals). All available history
RegionDeals
United States42
Europe2
100161
Japan1
Canada1
Flex Capital: 20 co-investors are shown, with CRV sharing 11 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.

Flex Capital: 20 co-investors are shown, with CRV sharing 11 recorded deals. All available history
Co-investorShared deals
CRV11
Bloomberg Beta4
Liquid 2 Ventures4
Y Combinator4
8VC3
Google Ventures3
Matrix3
Pear VC3
Shaper Capital3
SV Angel3
Transformation Capital3
Accel2
Alate Partners2
Audacious Ventures2
Bedrock Capital2
Bessemer Venture Partners2
Craft Ventures2
Engineering Capital2
Footwork2
Geodesic Capital2

Investment Strategy

Flex Capital: Led accounts for 9% and participating for 91% of round participation.All available history.
Flex Capital: Led accounts for 9% and participating for 91% of round participation. All available history
CategoryDeals (count)Share (%)
Led49%
Participating4391%
Flex Capital: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Flex Capital: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead125%
Co-led375%

Team

Auren Hoffman

General Partner

James Pipe

VP, Finance & Operations

Lily Petherick

Principal

Paul Johnson

General Partner

Rajal Patel

Investing Partner

Sushant Bhardwaj

Principal

Tod Sacerdoti

Founder, General Partner