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The Venture Codex

Overview

Independent strategic investment fund.

Founded

2000

Deals · 12mo

1

Stage focus

Series B

Geographic focus

Canada

Sector focus

Financial Services

Investment portfolio

10rounds
NAMEDATESIZE
Photonic
May 2026Participated
$200 MSeries E
4AG Robotics
Jul 2025Participated
$29 MSeries B
Novarc Technologies
Mar 2025Participated
$50 MSeries B
Reverb Therapeutics
Feb 2025Participated
$12 MSeed
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
Aspect Biosystems
Jan 2025Participated
$115 MSeries B
Netskrt
May 2024Participated
$7 MSeries A
Poseidon Ocean Systems
Mar 2024Participated
$21 MSeries B
ThoughtExchange
Dec 2023Participated
$14 MOther Equity
4AG Robotics
Nov 2023Led
$18 MOther Equity
Photonic
May 2026Participated
$200 MSeries E
4AG Robotics
Jul 2025Participated
$29 MSeries B
Novarc Technologies
Mar 2025Participated
$50 MSeries B
Reverb Therapeutics
Feb 2025Participated
$12 MSeed
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
Aspect Biosystems
Jan 2025Participated
$115 MSeries B
Netskrt
May 2024Participated
$7 MSeries A
Poseidon Ocean Systems
Mar 2024Participated
$21 MSeries B
ThoughtExchange
Dec 2023Participated
$14 MOther Equity
4AG Robotics
Nov 2023Led
$18 MOther Equity
10
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Insights

Time horizon

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Deal Distribution

InBC Investment: 10 funding rounds are recorded in the selected participation categories.All available history.
InBC Investment: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A01
Series B04
Series C+01
Other Equity12

Monthly Deal Activity

InBC Investment: 10 deals are recorded across 36 months.All available history.
InBC Investment: 10 deals are recorded across 36 months. All available history
MonthDeals
Nov '231
Dec '231
Jan '240
Feb '240
Mar '241
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '251
Mar '251
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 '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

InBC Investment: Space & Frontier Tech is the largest displayed sector by deal count (5 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.

InBC Investment: Space & Frontier Tech is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Space & Frontier Tech5
Hardware & Robotics4
Manufacturing3
Enterprise Software2
Health & Life Sciences2
Consumer & Lifestyle1
Networks, Cloud & Communication1
Media & Entertainment1
Food & Agriculture1
AI & Machine Learning1
Clean Energy & Sustainability1
Transportation & Logistics1
Social & Community Platforms1

Deal Size Distribution

InBC Investment: 10 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.

InBC Investment: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M4
$25M-$50M2
$50M-$100M1
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

InBC Investment: Canada has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

InBC Investment: Canada has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Canada10
InBC Investment: 20 co-investors are shown, with Export Development Canada 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

InBC Investment: Led accounts for 10% and participating for 90% of round participation.All available history.
InBC Investment: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led110%
Participating990%
InBC Investment: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
InBC Investment: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Leah Nguyen

Chief investment officer