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The Venture Codex

Overview

Investor in developer-first startups and technical founder communities.

Founded

2013

Deals ยท 12mo

11

Stage focus

Seed
Series A

Geographic focus

Canada
Israel
United States

Sector focus

Artificial Intelligence (AI)
Cloud Infrastructure
Developer APIs
Developer Platform
...

Investment portfolio

60rounds
NAMEDATESIZE
Halluminate
Oct 2026Participated
$30 MSeries A
Antfly
Sep 2026Led
$2 MSeed
groundcover
Jul 2026Participated
$100 MSeries C
Reo.Dev
Jul 2026Participated
$11 MSeries A
Modiqo
May 2026Led
$3 MSeed
Duckbill
Feb 2026Participated
$8 MOther Equity
Musical AI
Jan 2026Led
$5 MOther Equity
Vibrant Labs
Dec 2025Participated
$3 MSeed
Milestone
Nov 2025Led
$10 MSeed
Bronto
Oct 2025Participated
$14 MSeed
Unikraft
Oct 2025Led
$6 MOther Equity
Reo.Dev
Oct 2025Led
$4 MSeed
Halluminate
Oct 2026Participated
$30 MSeries A
Antfly
Sep 2026Led
$2 MSeed
groundcover
Jul 2026Participated
$100 MSeries C
Reo.Dev
Jul 2026Participated
$11 MSeries A
Modiqo
May 2026Led
$3 MSeed
Duckbill
Feb 2026Participated
$8 MOther Equity
Musical AI
Jan 2026Led
$5 MOther Equity
Vibrant Labs
Dec 2025Participated
$3 MSeed
Milestone
Nov 2025Led
$10 MSeed
Bronto
Oct 2025Participated
$14 MSeed
Unikraft
Oct 2025Led
$6 MOther Equity
Reo.Dev
Oct 2025Led
$4 MSeed
60
Items
...
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Insights

Time horizon

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Deal Distribution

Heavybit: 60 funding rounds are recorded in the selected participation categories.All available history.
Heavybit: 60 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed138
Series A115
Series B08
Series C+07
Other Equity35

Monthly Deal Activity

Heavybit: 60 deals are recorded across 125 months.All available history.
Heavybit: 60 deals are recorded across 125 months. All available history
MonthDeals
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '182
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '201
May '201
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '201
Dec '203
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '213
Jul '212
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '221
Sep '223
Oct '220
Nov '222
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '242
Sep '240
Oct '240
Nov '242
Dec '240
Jan '250
Feb '251
Mar '251
Apr '253
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '253
Nov '251
Dec '251
Jan '261
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '262
Aug '260
Sep '261
Oct '261

Sector Breakdown

Heavybit: Enterprise Software is the largest displayed sector by deal count (33 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.

Heavybit: Enterprise Software is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Enterprise Software33
Developer Tools25
AI & Machine Learning17
Networks, Cloud & Communication14
Cybersecurity & Privacy11
Data, Analytics & IT6
Marketing & Advertising6
Media & Entertainment4
Professional Services4
Transportation & Logistics2
Crypto & Blockchain2
Education & Workforce1
AR/VR1
Hardware & Robotics1
Fintech1

Deal Size Distribution

Heavybit: 60 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.

Heavybit: 60 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M17
$10M-$25M12
$25M-$50M8
$50M-$100M5
$100M-$250M3
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Heavybit: United States has the largest recorded deal count among the displayed regions (40 deals).All available history.

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

Heavybit: United States has the largest recorded deal count among the displayed regions (40 deals). All available history
RegionDeals
United States40
Israel6
Europe6
Canada4
Australia3
Brazil1
Heavybit: 20 co-investors are shown, with Accel sharing 8 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

Heavybit: Led accounts for 28% and participating for 72% of round participation.All available history.
Heavybit: Led accounts for 28% and participating for 72% of round participation. All available history
CategoryDeals (count)Share (%)
Led1728%
Participating4372%
Heavybit: Single-lead accounts for 76% and co-led for 24% of lead dynamics.All available history.
Heavybit: Single-lead accounts for 76% and co-led for 24% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1376%
Co-led424%

Team

Andrea Echstenkamper

VP of Marketing

Cecilia Stallsmith

Program Advisor

Dana Oshiro

General Partner

James Lindenbaum

Part Time Partner

Jesse Robbins

General Partner

Joseph Ruscio

General Partner

Tom Drummond

Founder & Managing Director