The Venture Codex

Participated · Series A · Aug 2026

Starcloud is building a network of data centers in space, starting at kilowatts and scaling to gigawatt capacity. Falling launch costs allow us to take advantage of the abundant energy, radiative cooling techniques, and ability to rapidly scale in space. Join our team, push the boundaries of the space economy, and be part of this pioneering effort to redefine the future of energy.

Participated · Equity · May 2026

The Deployment Company is a joint venture controlled by OpenAI and backed by 19 investors including major private equity firms and strategic partners. It is structured to combine OpenAI’s software with the distribution and portfolio access of private equity participants to accelerate enterprise AI deployment. The joint venture was valued at $10.0 billion before the new investment and raised over $4.0 billion in the reported transaction. Named investors include TPG, Brookfield Asset Management, Advent, Bain Capital, Dragoneer and SoftBank, alongside several consultancies. The firm aims to leverage the investors’ access to more than 2,000 companies to drive adoption of OpenAI’s tools. The raise follows significant recent financings involving OpenAI and comes as competitors such as Anthropic pursue similar partnerships.

Participated · Series D · Jan 2026

OpenEvidence operates a specialized medical superintelligence platform that serves as a "brain extender" for clinicians by synthesizing answers exclusively from trusted medical journals and data. Its orchestration of proprietary, sub-specialist AI models – coordinated by a central “conductor” agent – is designed to surface the highest-quality, most accurate medical guidance available. The service is free to doctors and ad-supported, and it is already used daily by more than 40 % of U.S. physicians across over 10,000 hospitals and medical centers. In December 2025 alone, the system powered roughly 18 million clinical consultations, up from about 3 million per month a year prior, and over the past year doctors using OpenEvidence treated more than 100 million Americans. The rapid adoption helped the company surpass $100 million in annual revenue less than a year after building its commercial team. OpenEvidence differentiates itself through exclusive content partnerships with the New England Journal of Medicine, the American Medical Association, the National Comprehensive Cancer Network, and the American College of Cardiology, among others. These relationships, combined with its narrow training corpus and multi-agent architecture, have positioned the company as the most widely used AI tool by U.S. physicians.

Participated · Equity · Jul 2024

Figma provides a fully cloud-based suite of tools that make it easy to design user interfaces for websites and mobile apps, accessible directly in web browsers. The platform emphasizes real-time collaboration so multiple designers, developers and stakeholders can edit and view changes simultaneously. It supports feedback workflows through comments and notes, and hosts a community (Figma Community) for sharing templates, plugins and resources. Figma also offers AI-powered features, including a visual storytelling tool called Figma Slides. Financially, the company recently completed a large funding round that materially increased its valuation. The article does not disclose operating metrics such as revenue or user counts. Figma offers a cloud-native design tool that enables real-time collaboration across individual designers, small firms, and large enterprises. Launched in 2015 after nearly six years in stealth, the product supports plugins and a Community educational platform for sharing and remixing designs. The company has seen increased engagement during the COVID era, with upticks in whiteboarding, note taking, slide deck creation and diagramming as organizations broaden usage. Figma has expanded features to make the platform extensible for developers and designers alike, such as layer‑management and placeholder-text plugins. The firm is not yet profitable but reported a strong cash position before this round and says the new financing extends runway for three to four years even with aggressive scaling and hiring. Forbes pegged the company’s valuation at $2 billion following the latest round, and total funding now stands at $132.9 million. Figma is a web-native design platform that enables real-time collaborative design, prototyping, storage, version history, and developer hand-off within one integrated system. Founded in 2012 by Dylan Field and Evan Wallace, the company was built to move traditional design tools into the cloud. It offers a freemium model (free up to three editors) and paid tiers: Pro at $15/month per editor and Org at $45/month per editor. Since launch Figma has grown to 1 million sign-ups. The product aims to solve file versioning and collaboration problems by keeping the entire workflow in the browser. Competitors mentioned include Adobe (Adobe XD) and InVision. Figma provides a cloud-based screen design tool for design, prototyping and collaboration. It is an open design platform that simplifies collaboration across the entire design process for thousands of companies and millions of users. Its users include designers, developers, product managers, marketers and others, and its customer base spans individual designers to teams at Fortune 50 companies. Founded in 2012 by Dylan Field and Evan Wallace and based in San Francisco, Figma raised $25m in a Series B financing. The company intends to use the funds to accelerate its ongoing growth in the enterprise. Figma provides a browser-based design tool focused on interaction and interface design, with automatic cloud saves, version control, a comments sidebar, constraints for responsive layouts, and device previews. The product aims to replace desktop-centric workflows by enabling teams to review, rewind, and modify designs without emailing files or using Dropbox. Figma is concentrating on UI creation rather than trying to replicate every Adobe feature. Planned features include shared asset libraries and eventual real-time simultaneous design editing. The company offers a free Preview Program, is testing workflows against incumbent tools, and is building toward a monthly subscription SaaS business model (per-seat or team pricing yet to be decided).

Participated · Series B · Apr 2023

Founded in 2021 by Gerry Giacomán and Diego García, Clara offers a unified platform that combines corporate cards, real-time expense administration, and financial visibility tools to streamline complex payment workflows for companies. The service, driven by artificial intelligence, automates expense processes and gives finance teams greater control and efficiency. Since launch the company has onboarded more than 30,000 enterprise customers throughout Latin America, including the Bolsa Mexicana de Valores, Holcim, OCESA, Viva Aerobus and Miniso. Recent product road-maps highlight specialized solutions for travel and mobility sectors, areas that are highly payment-intensive. To accelerate this expansion Clara appointed veteran payments executive Jorge de Lara as president for Mexico, tasking him with deepening corporate alliances and scaling the business locally. Backed by over US$150 million of fresh capital secured in the past year, the company is using its strengthened balance sheet to widen its customer base and roll out new features. Management views the continued investor support as validation of Clara’s model focused on digitizing enterprise spend management in the region.