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The Venture Codex

Overview

Venture capital fund investing in consumer entertainment startups.

Founded

2016

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

Finance
Venture Capital

Investment portfolio

48rounds
NAMEDATESIZE
Final Boss Sour
Jul 2026Participated
$4 MOther Equity
CityLegends
Oct 2025Participated
$2 MOther Equity
Unvale
Sep 2025Participated
$2 MOther Equity
Qloud Games
Aug 2025Led
$5 MSeed
Chowdeck
Aug 2025Participated
$9 MSeries A
SuperGaming
Aug 2025Participated
$15 MSeries B
Stan
Aug 2025Participated
$9 MOther Equity
Final Boss Sour
May 2025Participated
$4 MSeed
Alinea
Apr 2025Participated
$10 MSeries A
Little Umbrella
Jan 2025Participated
$2 MSeed
Final Boss Sour
Oct 2024Participated
$3 MSeed
PilotDesk
May 2024Participated
$1 MSeed
Final Boss Sour
Jul 2026Participated
$4 MOther Equity
CityLegends
Oct 2025Participated
$2 MOther Equity
Unvale
Sep 2025Participated
$2 MOther Equity
Qloud Games
Aug 2025Led
$5 MSeed
Chowdeck
Aug 2025Participated
$9 MSeries A
SuperGaming
Aug 2025Participated
$15 MSeries B
Stan
Aug 2025Participated
$9 MOther Equity
Final Boss Sour
May 2025Participated
$4 MSeed
Alinea
Apr 2025Participated
$10 MSeries A
Little Umbrella
Jan 2025Participated
$2 MSeed
Final Boss Sour
Oct 2024Participated
$3 MSeed
PilotDesk
May 2024Participated
$1 MSeed
48
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Insights

Time horizon

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Deal Distribution

GFR Fund: 48 funding rounds are recorded in the selected participation categories.All available history.
GFR Fund: 48 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed320
Series A111
Series B03
Series C+01
Other Equity09

Monthly Deal Activity

GFR Fund: 48 deals are recorded across 121 months.All available history.
GFR Fund: 48 deals are recorded across 121 months. All available history
MonthDeals
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '171
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '181
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '191
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '201
Jan '211
Feb '210
Mar '210
Apr '210
May '211
Jun '212
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '221
Jul '221
Aug '222
Sep '221
Oct '220
Nov '221
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '231
Nov '232
Dec '232
Jan '241
Feb '241
Mar '241
Apr '240
May '242
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '254
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

GFR Fund: Gaming & eSports is the largest displayed sector by deal count (18 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.

GFR Fund: Gaming & eSports is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Gaming & eSports18
Enterprise Software14
Networks, Cloud & Communication14
AR/VR11
AI & Machine Learning11
Media & Entertainment9
Consumer & Lifestyle6
Crypto & Blockchain6
Health & Life Sciences6
E-Commerce & Retail5
Food & Agriculture5
Social & Community Platforms5
Marketing & Advertising4
Hardware & Robotics4
Transportation & Logistics3
Fintech3
Data, Analytics & IT2
Space & Frontier Tech2
Manufacturing2
Professional Services1
Developer Tools1

Deal Size Distribution

GFR Fund: 48 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.

GFR Fund: 48 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M24
$5M-$10M12
$10M-$25M10
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

GFR Fund: United States has the largest recorded deal count among the displayed regions (32 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

GFR Fund: United States has the largest recorded deal count among the displayed regions (32 deals). All available history
RegionDeals
United States32
Europe7
Nigeria2
India2
Australia2
Singapore1
Japan1
Bangladesh1
GFR Fund: 20 co-investors are shown, with The Venture Reality Fund 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

GFR Fund: Led accounts for 8% and participating for 92% of round participation.All available history.
GFR Fund: Led accounts for 8% and participating for 92% of round participation. All available history
CategoryDeals (count)Share (%)
Led48%
Participating4492%
GFR Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
GFR Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead250%
Co-led250%

Team

Patrick Montague

General Partner

Teppei Tsutsui

Managing Partner