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The Venture Codex

Overview

Venture capital firm supporting high-growth companies with data-driven insi

Founded

2018

Deals ยท 12mo

2

Stage focus

Series A
Series B

Geographic focus

Canada
United Kingdom
United States

Sector focus

Business Development
Financial Services
Software
Venture Capital

Investment portfolio

22rounds
NAMEDATESIZE
ShipIn
Aug 2026Participated
$52 MSeries B
Airspeed
Jun 2026Participated
$20 MSeries A
Quandri
Jul 2025Led
$12 MOther Equity
Castellum.AI
Jul 2025Participated
$9 MSeries A
Styx Intelligence
Mar 2025Participated
$3 MSeed
PAXAFE
May 2024Led
$9 MSeries A
ZayZoon
Mar 2024Participated
$15 MSeries B
ZayZoon
Sep 2023Led
$35 MSeries B
FlipGive
Aug 2023Led
$4 MOther Equity
Brizo Data
Apr 2023Led
$9 MSeries A
Resilia
Oct 2022Led
$35 MSeries B
Bonsai
Mar 2022Led
$15 MSeries A
ShipIn
Aug 2026Participated
$52 MSeries B
Airspeed
Jun 2026Participated
$20 MSeries A
Quandri
Jul 2025Led
$12 MOther Equity
Castellum.AI
Jul 2025Participated
$9 MSeries A
Styx Intelligence
Mar 2025Participated
$3 MSeed
PAXAFE
May 2024Led
$9 MSeries A
ZayZoon
Mar 2024Participated
$15 MSeries B
ZayZoon
Sep 2023Led
$35 MSeries B
FlipGive
Aug 2023Led
$4 MOther Equity
Brizo Data
Apr 2023Led
$9 MSeries A
Resilia
Oct 2022Led
$35 MSeries B
Bonsai
Mar 2022Led
$15 MSeries A
22
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Insights

Time horizon

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Deal Distribution

Framework Venture Partners: 22 funding rounds are recorded in the selected participation categories.All available history.
Framework Venture Partners: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A64
Series B32
Series C+02
Other Equity21

Monthly Deal Activity

Framework Venture Partners: 22 deals are recorded across 88 months.All available history.
Framework Venture Partners: 22 deals are recorded across 88 months. All available history
MonthDeals
Jul '191
Aug '190
Sep '191
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 '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '222
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '252
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Framework Venture Partners: Enterprise Software is the largest displayed sector by deal count (8 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.

Framework Venture Partners: Enterprise Software is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Enterprise Software8
Fintech8
AI & Machine Learning7
E-Commerce & Retail5
Professional Services5
Networks, Cloud & Communication4
Marketing & Advertising4
Education & Workforce3
Cybersecurity & Privacy3
Transportation & Logistics3
Data, Analytics & IT2
Space & Frontier Tech2
Developer Tools2
Travel & Hospitality1
Media & Entertainment1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Framework Venture Partners: 22 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.

Framework Venture Partners: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M7
$10M-$25M6
$25M-$50M3
$50M-$100M1
$100M-$250M1
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Framework Venture Partners: Canada has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Framework Venture Partners: Canada has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
Canada14
United States6
Brazil1
Europe1
Framework Venture Partners: 20 co-investors are shown, with BDC Capital 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.

Framework Venture Partners: 20 co-investors are shown, with BDC Capital sharing 4 recorded deals. All available history
Co-investorShared deals
BDC Capital4
Bullpen Capital2
DN Capital2
Export Development Canada2
FJ Labs2
Gaingels2
IVP2
Mana Ventures2
Reach Capital2
Salesforce Ventures2
SoftBank2
3L Capital1
AngelList1
Anthos Capital1
at.inc/1
ATB Financial1
Atlassian Ventures1
BDC1
Birchmere Ventures1
Bling Capital1

Investment Strategy

Framework Venture Partners: Led accounts for 55% and participating for 45% of round participation.All available history.
Framework Venture Partners: Led accounts for 55% and participating for 45% of round participation. All available history
CategoryDeals (count)Share (%)
Led1255%
Participating1045%
Framework Venture Partners: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Framework Venture Partners: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead975%
Co-led325%

Team

Andrew Lugsdin

Founding Partner

Byron Thom

Principal

Jake Berec

Junior Analyst

Peter Misek

Founding Partner