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The Venture Codex

Overview

Early stage VC firm investing in high-growth technology companies.

Founded

2023

Deals · 12mo

5

Stage focus

Seed
Series A

Geographic focus

Brazil
United States

Sector focus

—

Investment portfolio

14rounds
NAMEDATESIZE
henneth.ai
Sep 2026Led
$1 MSeed
Sapiom
Aug 2026Participated
$35 MSeries A
Talp
Jul 2026Participated
$20 MSeed
Sapiom
Feb 2026Participated
$16 MSeed
Letter AI
Oct 2025Participated
$11 MSeries A
PostHog
Oct 2025Participated
$75 MSeries E
Kalder
Nov 2024Participated
$11 MSeed
Gowit Technology
Aug 2024Led
$1 MOther Equity
Letter AI
Jun 2024Participated
$3 MSeed
Zingly.ai
Jun 2024Participated
$10 MSeed
VectorShift
Feb 2024Participated
$3 MSeed
Every
Nov 2023Participated
$10 MSeed
henneth.ai
Sep 2026Led
$1 MSeed
Sapiom
Aug 2026Participated
$35 MSeries A
Talp
Jul 2026Participated
$20 MSeed
Sapiom
Feb 2026Participated
$16 MSeed
Letter AI
Oct 2025Participated
$11 MSeries A
PostHog
Oct 2025Participated
$75 MSeries E
Kalder
Nov 2024Participated
$11 MSeed
Gowit Technology
Aug 2024Led
$1 MOther Equity
Letter AI
Jun 2024Participated
$3 MSeed
Zingly.ai
Jun 2024Participated
$10 MSeed
VectorShift
Feb 2024Participated
$3 MSeed
Every
Nov 2023Participated
$10 MSeed
14
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Insights

Time horizon

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Deal Distribution

Formus Capital: 14 funding rounds are recorded in the selected participation categories.All available history.
Formus Capital: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed17
Series A04
Series C+01
Other Equity10

Monthly Deal Activity

Formus Capital: 14 deals are recorded across 39 months.All available history.
Formus Capital: 14 deals are recorded across 39 months. All available history
MonthDeals
Aug '232
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '242
Jul '240
Aug '241
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '252
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Formus Capital: AI & Machine Learning is the largest displayed sector by deal count (9 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.

Formus Capital: AI & Machine Learning is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
AI & Machine Learning9
Marketing & Advertising6
Enterprise Software6
Data, Analytics & IT5
Fintech4
Networks, Cloud & Communication3
E-Commerce & Retail3
Cybersecurity & Privacy2
Developer Tools2
Professional Services1

Deal Size Distribution

Formus Capital: 14 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.

Formus Capital: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M6
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Formus Capital: United States has the largest recorded deal count among the displayed regions (12 deals).All available history.

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

Formus Capital: United States has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
United States12
Brazil1
Europe1
Formus Capital: 20 co-investors are shown, with Y Combinator 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

Formus Capital: Led accounts for 14% and participating for 86% of round participation.All available history.
Formus Capital: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led214%
Participating1286%
Formus Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Formus Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

No team members found for this fund.