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The Venture Codex

Overview

Syndicate investing in multi-stage companies by AAPI founders.

Founded

2020

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

23rounds
NAMEDATESIZE
Nitra
Mar 2026Participated
$165 MDebt
Riley AI
Jan 2025Participated
$3 MSeed
AfterHour
Jun 2024Participated
$5 MSeed
Simplify
Feb 2024Participated
$3 MSeed
Prime Roots
May 2023Led
$30 MSeries B
Super.com
Apr 2023Participated
$85 MOther Equity
TBD Health
Jan 2023Participated
$4 MSeed
MiLa
Oct 2022Participated
$10 MSeries A
Dimension
Oct 2022Participated
$8 MSeries A
Block Party
Sep 2022Participated
$5 MSeed
Zette
Aug 2022Participated
$2 MSeed
TomoCredit
Jul 2022Participated
$122 MOther Equity
Nitra
Mar 2026Participated
$165 MDebt
Riley AI
Jan 2025Participated
$3 MSeed
AfterHour
Jun 2024Participated
$5 MSeed
Simplify
Feb 2024Participated
$3 MSeed
Prime Roots
May 2023Led
$30 MSeries B
Super.com
Apr 2023Participated
$85 MOther Equity
TBD Health
Jan 2023Participated
$4 MSeed
MiLa
Oct 2022Participated
$10 MSeries A
Dimension
Oct 2022Participated
$8 MSeries A
Block Party
Sep 2022Participated
$5 MSeed
Zette
Aug 2022Participated
$2 MSeed
TomoCredit
Jul 2022Participated
$122 MOther Equity
23
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Hyphen Capital: 23 funding rounds are recorded in the selected participation categories.All available history.
Hyphen Capital: 23 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed013
Series A05
Series B10
Other Equity03
Debt01

Monthly Deal Activity

Hyphen Capital: 23 deals are recorded across 65 months.All available history.
Hyphen Capital: 23 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '210
Aug '212
Sep '212
Oct '210
Nov '210
Dec '210
Jan '220
Feb '222
Mar '221
Apr '221
May '222
Jun '220
Jul '221
Aug '221
Sep '221
Oct '222
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '231
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 '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hyphen Capital: Enterprise Software is the largest displayed sector by deal count (9 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.

Hyphen Capital: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
Networks, Cloud & Communication8
Fintech6
Professional Services5
Real Estate & Construction3
Data, Analytics & IT3
Consumer & Lifestyle3
Media & Entertainment3
Food & Agriculture3
AI & Machine Learning3
Marketing & Advertising2
Health & Life Sciences2
Social & Community Platforms2
Travel & Hospitality1
Education & Workforce1
E-Commerce & Retail1
Clean Energy & Sustainability1
Transportation & Logistics1
Crypto & Blockchain1
Manufacturing1
Developer Tools1

Deal Size Distribution

Hyphen Capital: 23 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.

Hyphen Capital: 23 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M13
$5M-$10M3
$10M-$25M3
$25M-$50M1
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Hyphen Capital: United States has the largest recorded deal count among the displayed regions (20 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Hyphen Capital: United States has the largest recorded deal count among the displayed regions (20 deals). All available history
RegionDeals
United States20
Australia1
Canada1
Europe1
Hyphen Capital: 20 co-investors are shown, with Gaingels sharing 4 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

Hyphen Capital: Led accounts for 4% and participating for 96% of round participation.All available history.
Hyphen Capital: Led accounts for 4% and participating for 96% of round participation. All available history
CategoryDeals (count)Share (%)
Led14%
Participating2296%
Hyphen Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Hyphen Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Dave Lu

Founder and Managing Partner