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The Venture Codex

Overview

Venture capital firm connecting Midwest companies with coastal technology.

Founded

2016

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Denmark
United States

Sector focus

Construction
Human Resources
Industrial
Logistics
...

Investment portfolio

15rounds
NAMEDATESIZE
Stack Health
Sep 2026Participated
$21 MSeed
Parspec
Jul 2025Participated
$20 MSeries A
GenLogs
Feb 2025Participated
$15 MSeries A
Endeavor
Nov 2024Participated
$7 MSeed
Pear Commerce
Jun 2024Participated
$10 MSeries A
Parspec
Feb 2024Participated
$12 MSeed
Landfolk
Mar 2023Participated
$4 MSeed
Lunar
Feb 2023Participated
$38 MOther Equity
Claira
May 2022Led
$4 MSeed
Lunar
Jul 2021Led
$249 MSeries D
Soil Connect
Dec 2020Led
$3 MSeed
kea
Nov 2020Participated
$10 MSeries A
Stack Health
Sep 2026Participated
$21 MSeed
Parspec
Jul 2025Participated
$20 MSeries A
GenLogs
Feb 2025Participated
$15 MSeries A
Endeavor
Nov 2024Participated
$7 MSeed
Pear Commerce
Jun 2024Participated
$10 MSeries A
Parspec
Feb 2024Participated
$12 MSeed
Landfolk
Mar 2023Participated
$4 MSeed
Lunar
Feb 2023Participated
$38 MOther Equity
Claira
May 2022Led
$4 MSeed
Lunar
Jul 2021Led
$249 MSeries D
Soil Connect
Dec 2020Led
$3 MSeed
kea
Nov 2020Participated
$10 MSeries A
15
Items
...
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Insights

Time horizon

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Deal Distribution

Heartland Ventures: 15 funding rounds are recorded in the selected participation categories.All available history.
Heartland Ventures: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed24
Series A06
Series C+10
Other Equity02

Monthly Deal Activity

Heartland Ventures: 15 deals are recorded across 103 months.All available history.
Heartland Ventures: 15 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Heartland Ventures: AI & Machine Learning is the largest displayed sector by deal count (6 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.

Heartland Ventures: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Transportation & Logistics4
Real Estate & Construction3
Fintech3
Enterprise Software2
Data, Analytics & IT2
Hardware & Robotics2
Professional Services2
Travel & Hospitality1
Government & Defense1
E-Commerce & Retail1
Cybersecurity & Privacy1
Space & Frontier Tech1
Networks, Cloud & Communication1
Marketing & Advertising1
Crypto & Blockchain1
Manufacturing1
Health & Life Sciences1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Heartland Ventures: 15 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.

Heartland Ventures: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M1
$10M-$25M8
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Heartland Ventures: United States has the largest recorded deal count among the displayed regions (12 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Heartland Ventures: United States has the largest recorded deal count among the displayed regions (12 deals). All available history
RegionDeals
United States12
Europe3
Heartland Ventures: 20 co-investors are shown, with Innovation Endeavors sharing 3 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

Heartland Ventures: Led accounts for 20% and participating for 80% of round participation.All available history.
Heartland Ventures: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led320%
Participating1280%
Heartland Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Heartland Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Max Brickman

Managing Director

Ryan Rans

Partner