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The Venture Codex

Overview

Independent venture capital firm focusing on insurtech.

Founded

1992

Deals ยท 12mo

2

Stage focus

Seed
Series A
Series B

Geographic focus

Canada
United States

Sector focus

Financial Services
FinTech
InsurTech
Venture Capital

Investment portfolio

53rounds
NAMEDATESIZE
Summit
Dec 2025Led
$8 MSeries A
District Cover
Nov 2025Led
$6 MOther Equity
Moby
Sep 2025Led
$5 MSeed
Scription
May 2025Participated
$8 MSeed
Delos Insurance
Oct 2024Participated
$9 MSeries A
Summit
Apr 2024Led
$4 MSeed
PayGround
Nov 2023Participated
$20 MSeries A
Matic Insurance
Oct 2023Led
$20 MSeries B
Delos Insurance
Sep 2023Led
$7 MSeed
Frontier Risk
Aug 2023Participated
$3 MSeed
Certificial
Jul 2023Participated
$15 MOther Equity
Driver Technologies
Jun 2023Led
$6 MOther Equity
Summit
Dec 2025Led
$8 MSeries A
District Cover
Nov 2025Led
$6 MOther Equity
Moby
Sep 2025Led
$5 MSeed
Scription
May 2025Participated
$8 MSeed
Delos Insurance
Oct 2024Participated
$9 MSeries A
Summit
Apr 2024Led
$4 MSeed
PayGround
Nov 2023Participated
$20 MSeries A
Matic Insurance
Oct 2023Led
$20 MSeries B
Delos Insurance
Sep 2023Led
$7 MSeed
Frontier Risk
Aug 2023Participated
$3 MSeed
Certificial
Jul 2023Participated
$15 MOther Equity
Driver Technologies
Jun 2023Led
$6 MOther Equity
53
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

IA Capital Group: 53 funding rounds are recorded in the selected participation categories.All available history.
IA Capital Group: 53 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed35
Series A107
Series B45
Series C+16
Other Equity48

Monthly Deal Activity

IA Capital Group: 53 deals are recorded across 197 months.All available history.
IA Capital Group: 53 deals are recorded across 197 months. All available history
MonthDeals
Jun '101
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '161
Aug '160
Sep '161
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '172
Jul '171
Aug '170
Sep '171
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '181
Jan '191
Feb '190
Mar '190
Apr '191
May '191
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '202
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '201
Oct '201
Nov '201
Dec '201
Jan '210
Feb '211
Mar '211
Apr '210
May '211
Jun '212
Jul '210
Aug '210
Sep '211
Oct '210
Nov '212
Dec '211
Jan '220
Feb '220
Mar '221
Apr '221
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '231
Aug '231
Sep '231
Oct '231
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

IA Capital Group: Fintech is the largest displayed sector by deal count (43 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.

IA Capital Group: Fintech is the largest displayed sector by deal count (43 deals). All available history
SectorDeals
Fintech43
Real Estate & Construction8
Professional Services8
Enterprise Software7
Data, Analytics & IT6
Networks, Cloud & Communication5
Health & Life Sciences5
AI & Machine Learning5
E-Commerce & Retail4
Social & Community Platforms3
Clean Energy & Sustainability2
Marketing & Advertising2
Crypto & Blockchain2
Developer Tools2
Cybersecurity & Privacy1
Transportation & Logistics1
Hardware & Robotics1
Media & Entertainment1

Deal Size Distribution

IA Capital Group: 53 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.

IA Capital Group: 53 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M17
$10M-$25M16
$25M-$50M8
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

IA Capital Group: United States has the largest recorded deal count among the displayed regions (47 deals).All available history.

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

IA Capital Group: United States has the largest recorded deal count among the displayed regions (47 deals). All available history
RegionDeals
United States47
Canada3
Europe2
India1
IA Capital Group: 20 co-investors are shown, with Blue Bear Capital sharing 5 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

IA Capital Group: Led accounts for 42% and participating for 58% of round participation.All available history.
IA Capital Group: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led2242%
Participating3158%
IA Capital Group: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
IA Capital Group: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1777%
Co-led523%

Team

Andrew Lerner

Managing Partner

Anton Wesener

Principal

Christy Lane

Venture Partner

Ravi Shah

Vice President

Rick Viton

Partner