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The Venture Codex

Overview

Technology fund investing in early-stage marketplaces, fintech, and SaaS.

Founded

2016

Deals · 12mo

26

Stage focus

Seed

Geographic focus

United Kingdom

Sector focus

Finance
Financial Services
FinTech
Marketplace
...

Investment portfolio

142rounds
NAMEDATESIZE
Doris Labs
Oct 2026Led
$0.59 MSeed
MeetDoris
Oct 2026Led
$0.60 MSeed
AI Score
Sep 2026Led
$5 MSeed
Souk
Sep 2026Participated
$2 MSeed
Arrival
Aug 2026Led
$0.68 MSeed
Stoa
Jul 2026Participated
$2 MSeed
Misti AI
Jun 2026Led
$0.34 MSeed
PANTA
May 2026Led
$4 MSeed
Locai
Apr 2026Led
$1 MSeed
Jaaq
Mar 2026Participated
$17 MSeries A
Deaku
Mar 2026Led
$0.64 MSeed
instep.ai
Mar 2026Led
$1 MSeed
Doris Labs
Oct 2026Led
$0.59 MSeed
MeetDoris
Oct 2026Led
$0.60 MSeed
AI Score
Sep 2026Led
$5 MSeed
Souk
Sep 2026Participated
$2 MSeed
Arrival
Aug 2026Led
$0.68 MSeed
Stoa
Jul 2026Participated
$2 MSeed
Misti AI
Jun 2026Led
$0.34 MSeed
PANTA
May 2026Led
$4 MSeed
Locai
Apr 2026Led
$1 MSeed
Jaaq
Mar 2026Participated
$17 MSeries A
Deaku
Mar 2026Led
$0.64 MSeed
instep.ai
Mar 2026Led
$1 MSeed
142
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Insights

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Deal Distribution

Fuel Ventures: 142 funding rounds are recorded in the selected participation categories.All available history.
Fuel Ventures: 142 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed6620
Series A612
Series B02
Series C+01
Other Equity296

Monthly Deal Activity

Fuel Ventures: 142 deals are recorded across 110 months.All available history.
Fuel Ventures: 142 deals are recorded across 110 months. All available history
MonthDeals
Sep '171
Oct '171
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '192
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '191
Dec '190
Jan '200
Feb '201
Mar '200
Apr '202
May '201
Jun '201
Jul '202
Aug '201
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '211
Mar '211
Apr '212
May '212
Jun '212
Jul '212
Aug '212
Sep '211
Oct '214
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '223
Jun '223
Jul '222
Aug '222
Sep '220
Oct '222
Nov '222
Dec '222
Jan '230
Feb '231
Mar '232
Apr '231
May '232
Jun '235
Jul '231
Aug '232
Sep '230
Oct '232
Nov '232
Dec '231
Jan '241
Feb '240
Mar '242
Apr '242
May '243
Jun '240
Jul '241
Aug '240
Sep '240
Oct '242
Nov '241
Dec '240
Jan '254
Feb '255
Mar '254
Apr '257
May '254
Jun '252
Jul '251
Aug '251
Sep '251
Oct '256
Nov '252
Dec '251
Jan '264
Feb '260
Mar '265
Apr '261
May '261
Jun '261
Jul '261
Aug '261
Sep '262
Oct '262

Sector Breakdown

Fuel Ventures: Enterprise Software is the largest displayed sector by deal count (37 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.

Fuel Ventures: Enterprise Software is the largest displayed sector by deal count (37 deals). All available history
SectorDeals
Enterprise Software37
Fintech37
Networks, Cloud & Communication30
AI & Machine Learning27
Professional Services24
E-Commerce & Retail16
Health & Life Sciences13
Real Estate & Construction11
Data, Analytics & IT11
Marketing & Advertising11
Education & Workforce8
Consumer & Lifestyle8
Media & Entertainment8
Travel & Hospitality7
Transportation & Logistics7
Manufacturing5
Developer Tools5
Cybersecurity & Privacy4
Crypto & Blockchain4
Social & Community Platforms4
Clean Energy & Sustainability3
Space & Frontier Tech3
Gaming & eSports3
Hardware & Robotics2
Food & Agriculture2

Deal Size Distribution

Fuel Ventures: 142 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.

Fuel Ventures: 142 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M108
$5M-$10M18
$10M-$25M9
$25M-$50M3
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Fuel Ventures: Europe has the largest recorded deal count among the displayed regions (128 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Fuel Ventures: Europe has the largest recorded deal count among the displayed regions (128 deals). All available history
RegionDeals
Europe128
United States10
United Arab Emirates1
853951
Canada1
Singapore1
Fuel Ventures: 20 co-investors are shown, with Antler sharing 5 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

Fuel Ventures: Led accounts for 71% and participating for 29% of round participation.All available history.
Fuel Ventures: Led accounts for 71% and participating for 29% of round participation. All available history
CategoryDeals (count)Share (%)
Led10171%
Participating4129%
Fuel Ventures: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
Fuel Ventures: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead9089%
Co-led1111%

Team