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The Venture Codex

Indicator Fund

100 First Street, Suite 2600, San Francisco, CA, 94105, United States

Overview

Seed-stage investment fund for technology-focused entrepreneurs.

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series C

Geographic focus

United States

Sector focus

—

Investment portfolio

6rounds
NAMEDATESIZE
Mara
Aug 2026Participated
$7 MSeed
TextQL
Jan 2024Participated
$4 MSeed
Limit
Oct 2022Participated
$15 MOther Equity
Astranis
Apr 2021Participated
$250 MSeries C
Astranis
Mar 2018Participated
$14 MSeries A
Kitchenbowl
Mar 2015Participated
$1 MSeed
Mara
Aug 2026Participated
$7 MSeed
TextQL
Jan 2024Participated
$4 MSeed
Limit
Oct 2022Participated
$15 MOther Equity
Astranis
Apr 2021Participated
$250 MSeries C
Astranis
Mar 2018Participated
$14 MSeries A
Kitchenbowl
Mar 2015Participated
$1 MSeed
6
Items
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Insights

Time horizon

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Deal Distribution

Indicator Fund: 6 funding rounds are recorded in the selected participation categories.All available history.
Indicator Fund: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed03
Series A01
Series C+01
Other Equity01

Monthly Deal Activity

Indicator Fund: 6 deals are recorded across 140 months.All available history.
Indicator Fund: 6 deals are recorded across 140 months. All available history
MonthDeals
Mar '151
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
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 '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
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 '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
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 '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Indicator Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (3 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.

Indicator Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Networks, Cloud & Communication3
Hardware & Robotics3
Space & Frontier Tech3
Government & Defense1
Fintech1
AI & Machine Learning1
Food & Agriculture1
Professional Services1
Data, Analytics & IT1

Deal Size Distribution

Indicator Fund: 6 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.

Indicator Fund: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M1
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Indicator Fund: United States has the largest recorded deal count among the displayed regions (6 deals).All available history.

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

Indicator Fund: United States has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
United States6
Indicator Fund: 20 co-investors are shown, with Andreessen Horowitz sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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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.

Indicator Fund: 20 co-investors are shown, with Andreessen Horowitz sharing 2 recorded deals. All available history
Co-investorShared deals
Andreessen Horowitz2
Fifty Years2
Refactor Capital2
a16z Speedrun1
ACE Early Stage Partners1
AME Cloud Ventures1
American Family Ventures1
Astranis1
Baillie Gifford1
BlackRock1
Chasing Unicorns1
DCM1
Fidelity Management & Research Company1
Firsthand Alliance1
Freedom Fund Venture Capital1
Harpoon Ventures1
IA Capital Group1
Industry Ventures1
Khosla Ventures1
Koch Strategic Platforms1

Investment Strategy

Indicator Fund: Led accounts for 0% and participating for 100% of round participation.All available history.
Indicator Fund: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating6100%
Indicator Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Indicator Fund: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Abe Othman

Co-Founder

Matt Kraning

Co-Founder