The Venture Codex Logo

The Venture Codex

Overview

Private equity fund investing in the legal cannabis industry.

Founded

2000

Deals · 12mo

0

Stage focus

Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

8rounds
NAMEDATESIZE
Insomnia Labs
Jul 2025Participated
$12 MDebt
Nalu Bio
Feb 2023Led
$12 MSeries A
Biopharmaceutical Research Company
Oct 2022Led
$20 MSeries A
NextEvo Naturals
Feb 2022Led
$15 MOther Equity
Hound Labs
Sep 2021Participated
$20 MOther Equity
Treez
Sep 2020Led
$13 MSeries B
Hound Labs
Aug 2019Led
$30 MSeries D
Treez
Sep 2018Led
$12 MSeries A
Insomnia Labs
Jul 2025Participated
$12 MDebt
Nalu Bio
Feb 2023Led
$12 MSeries A
Biopharmaceutical Research Company
Oct 2022Led
$20 MSeries A
NextEvo Naturals
Feb 2022Led
$15 MOther Equity
Hound Labs
Sep 2021Participated
$20 MOther Equity
Treez
Sep 2020Led
$13 MSeries B
Hound Labs
Aug 2019Led
$30 MSeries D
Treez
Sep 2018Led
$12 MSeries A
8
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Intrinsic Capital Partners: 8 funding rounds are recorded in the selected participation categories.All available history.
Intrinsic Capital Partners: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A30
Series B10
Series C+10
Other Equity11
Debt01

Monthly Deal Activity

Intrinsic Capital Partners: 8 deals are recorded across 98 months.All available history.
Intrinsic Capital Partners: 8 deals are recorded across 98 months. All available history
MonthDeals
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '191
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 '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
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 '251
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 '260
Sep '260
Oct '260

Sector Breakdown

Intrinsic Capital Partners: Health & Life Sciences is the largest displayed sector by deal count (7 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.

Intrinsic Capital Partners: Health & Life Sciences is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Health & Life Sciences7
Enterprise Software3
E-Commerce & Retail3
Fintech2
Crypto & Blockchain1
Manufacturing1
AI & Machine Learning1
Food & Agriculture1
Space & Frontier Tech1

Deal Size Distribution

Intrinsic Capital Partners: 8 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.

Intrinsic Capital Partners: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M7
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Intrinsic Capital Partners: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

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

Intrinsic Capital Partners: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Intrinsic Capital Partners: 20 co-investors are shown, with AFI Capital Partners sharing 2 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

Intrinsic Capital Partners: Led accounts for 75% and participating for 25% of round participation.All available history.
Intrinsic Capital Partners: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led675%
Participating225%
Intrinsic Capital Partners: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Intrinsic Capital Partners: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead6100%
Co-led00%

Team

Cornelius Merlini

Managing Partner & Founder

Gerald F Stahlecker

Partner & Founder

Howard Goodwin

Partner & Founder