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The Venture Codex

Overview

Early-stage venture capital firm investing in exceptional startups.

Founded

2016

Deals · 12mo

10

Stage focus

Seed
Series A

Geographic focus

Israel
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

56rounds
NAMEDATESIZE
Particula
Sep 2026Participated
$15 MOther Equity
Alice AI
Aug 2026Participated
$140 MOther Equity
formX
Aug 2026Led
$13 MSeed
Limitless Labs
Jun 2026Participated
$20 MSeries A
Scala Biodesign
Mar 2026Led
$16 MSeries A
NoTraffic
Mar 2026Participated
$90 MSeries C
Niv-AI
Mar 2026Participated
$12 MSeed
Majestic Labs
Nov 2025Participated
$100 MSeries A
Onfire
Oct 2025Led
$20 MSeries A
OneLayer
Oct 2025Participated
$28 MSeries A
Navina
Mar 2025Participated
$55 MSeries C
Quantum Source
Sep 2024Participated
$50 MSeries A
Particula
Sep 2026Participated
$15 MOther Equity
Alice AI
Aug 2026Participated
$140 MOther Equity
formX
Aug 2026Led
$13 MSeed
Limitless Labs
Jun 2026Participated
$20 MSeries A
Scala Biodesign
Mar 2026Led
$16 MSeries A
NoTraffic
Mar 2026Participated
$90 MSeries C
Niv-AI
Mar 2026Participated
$12 MSeed
Majestic Labs
Nov 2025Participated
$100 MSeries A
Onfire
Oct 2025Led
$20 MSeries A
OneLayer
Oct 2025Participated
$28 MSeries A
Navina
Mar 2025Participated
$55 MSeries C
Quantum Source
Sep 2024Participated
$50 MSeries A
56
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Insights

Time horizon

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Deal Distribution

Grove Ventures: 56 funding rounds are recorded in the selected participation categories.All available history.
Grove Ventures: 56 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed116
Series A613
Series B07
Series C+05
Other Equity17

Monthly Deal Activity

Grove Ventures: 56 deals are recorded across 121 months.All available history.
Grove Ventures: 56 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 '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '192
Feb '190
Mar '190
Apr '191
May '191
Jun '191
Jul '191
Aug '191
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '201
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '211
May '211
Jun '212
Jul '212
Aug '210
Sep '210
Oct '213
Nov '212
Dec '210
Jan '221
Feb '220
Mar '223
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '222
Nov '221
Dec '221
Jan '230
Feb '230
Mar '231
Apr '231
May '230
Jun '233
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '252
Nov '251
Dec '250
Jan '260
Feb '260
Mar '263
Apr '260
May '260
Jun '261
Jul '260
Aug '262
Sep '261
Oct '260

Sector Breakdown

Grove Ventures: AI & Machine Learning is the largest displayed sector by deal count (29 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.

Grove Ventures: AI & Machine Learning is the largest displayed sector by deal count (29 deals). All available history
SectorDeals
AI & Machine Learning29
Enterprise Software18
Data, Analytics & IT16
Space & Frontier Tech15
Health & Life Sciences10
Networks, Cloud & Communication9
Hardware & Robotics9
Developer Tools8
Transportation & Logistics5
Consumer & Lifestyle5
Manufacturing5
Cybersecurity & Privacy4
Government & Defense3
E-Commerce & Retail2
AR/VR2
Fintech2
Media & Entertainment2
Professional Services2
Clean Energy & Sustainability1
Real Estate & Construction1
Gaming & eSports1

Deal Size Distribution

Grove Ventures: 56 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.

Grove Ventures: 56 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M9
$10M-$25M25
$25M-$50M8
$50M-$100M7
$100M-$250M4
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Grove Ventures: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

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

Grove Ventures: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
Israel23
67891242
Grove Ventures: 20 co-investors are shown, with M12 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

Grove Ventures: Led accounts for 32% and participating for 68% of round participation.All available history.
Grove Ventures: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led1832%
Participating3868%
Grove Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Grove Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead950%
Co-led950%

Team

Dov Moran

Managing Partner

Lior Handelsman

General Partner

Lotan Levkowitz

General Partner and Co-founder

Renana Ashkenazi

General Partner