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The Venture Codex

Overview

Early-stage venture capital firm investing in the AI-driven economy.

Founded

2018

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Canada
United Kingdom
United States

Sector focus

Artificial Intelligence (AI)
B2B
Cyber Security
Education
...

Investment portfolio

26rounds
NAMEDATESIZE
Fourier Health
Oct 2025Participated
$8 MSeed
Persist AI
May 2025Participated
$12 MSeries A
Copernic Catalysts
Nov 2024Participated
$8 MSeed
Phaseshift Technologies
Oct 2024Led
$3 MSeed
Antiverse
Oct 2024Participated
$5 MSeed
Haloo
Jul 2024Led
$3 MSeries A
Marigold Health
Jun 2024Led
$11 MSeries A
BioIntelligence Technologies
Apr 2024Participated
$5 MOther Equity
Via Scientific
Jan 2024Led
$5 MSeed
Novig
Aug 2023Participated
$6 MSeed
Persist AI
Aug 2023Participated
$4 MSeed
Antiverse
Mar 2023Participated
$3 MOther Equity
Fourier Health
Oct 2025Participated
$8 MSeed
Persist AI
May 2025Participated
$12 MSeries A
Copernic Catalysts
Nov 2024Participated
$8 MSeed
Phaseshift Technologies
Oct 2024Led
$3 MSeed
Antiverse
Oct 2024Participated
$5 MSeed
Haloo
Jul 2024Led
$3 MSeries A
Marigold Health
Jun 2024Led
$11 MSeries A
BioIntelligence Technologies
Apr 2024Participated
$5 MOther Equity
Via Scientific
Jan 2024Led
$5 MSeed
Novig
Aug 2023Participated
$6 MSeed
Persist AI
Aug 2023Participated
$4 MSeed
Antiverse
Mar 2023Participated
$3 MOther Equity
26
Items
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Insights

Time horizon

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Deal Distribution

Innospark Ventures: 26 funding rounds are recorded in the selected participation categories.All available history.
Innospark Ventures: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed78
Series A35
Other Equity03

Monthly Deal Activity

Innospark Ventures: 26 deals are recorded across 94 months.All available history.
Innospark Ventures: 26 deals are recorded across 94 months. All available history
MonthDeals
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '191
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '221
Mar '222
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '232
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '242
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Innospark Ventures: AI & Machine Learning is the largest displayed sector by deal count (15 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.

Innospark Ventures: AI & Machine Learning is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
AI & Machine Learning15
Health & Life Sciences13
Enterprise Software8
Space & Frontier Tech5
Networks, Cloud & Communication5
Cybersecurity & Privacy3
Government & Defense2
AR/VR2
Real Estate & Construction2
Consumer & Lifestyle2
E-Commerce & Retail1
Clean Energy & Sustainability1
Data, Analytics & IT1
Crypto & Blockchain1
Hardware & Robotics1
Fintech1
Gaming & eSports1

Deal Size Distribution

Innospark Ventures: 26 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.

Innospark Ventures: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M12
$10M-$25M4
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Innospark Ventures: United States has the largest recorded deal count among the displayed regions (17 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Innospark Ventures: United States has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
United States17
Canada6
Europe3
Innospark Ventures: 20 co-investors are shown, with Y Combinator 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

Innospark Ventures: Led accounts for 38% and participating for 62% of round participation.All available history.
Innospark Ventures: Led accounts for 38% and participating for 62% of round participation. All available history
CategoryDeals (count)Share (%)
Led1038%
Participating1662%
Innospark Ventures: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
Innospark Ventures: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead660%
Co-led440%

Team

Deepak Verma

Operating Partner

Mark Legare

Venture Investor

Matt Fates

Partner - AI VC

Venkat Srinivasan

Managing Director