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The Venture Codex

Overview

Venture capital firm backing high growth technology companies.

Founded

2000

Deals ยท 12mo

2

Stage focus

Seed
Series A
Series B

Geographic focus

India
Singapore
United States

Sector focus

Business Development
Financial Services
Venture Capital

Investment portfolio

19rounds
NAMEDATESIZE
Ctruh
May 2026Led
$3 MSeed
RoadGrid
Jan 2026Participated
$1 MSeries A
Darwix AI
Jun 2025Led
$2 MSeed
Palette Brands
Jun 2024Participated
$2 MSeries A
insideFPV
Sep 2023Participated
$0.42 MSeed
STAGE
Jan 2023Participated
$5 MOther Equity
Hesa
Jun 2022Participated
$2 MSeries A
Vested Finance
Apr 2022Participated
$12 MSeries A
Glamplus
Jan 2022Participated
$0.70 MSeries A
Healofy
Oct 2021Participated
$7 MSeries B
FITSO
Sep 2019Participated
$2 MSeries A
Rayvio
Apr 2016Led
$26 MOther Equity
Ctruh
May 2026Led
$3 MSeed
RoadGrid
Jan 2026Participated
$1 MSeries A
Darwix AI
Jun 2025Led
$2 MSeed
Palette Brands
Jun 2024Participated
$2 MSeries A
insideFPV
Sep 2023Participated
$0.42 MSeed
STAGE
Jan 2023Participated
$5 MOther Equity
Hesa
Jun 2022Participated
$2 MSeries A
Vested Finance
Apr 2022Participated
$12 MSeries A
Glamplus
Jan 2022Participated
$0.70 MSeries A
Healofy
Oct 2021Participated
$7 MSeries B
FITSO
Sep 2019Participated
$2 MSeries A
Rayvio
Apr 2016Led
$26 MOther Equity
19
Items
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Insights

Time horizon

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Deal Distribution

IPV: 19 funding rounds are recorded in the selected participation categories.All available history.
IPV: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A36
Series B12
Series C+01
Other Equity12

Monthly Deal Activity

IPV: 19 deals are recorded across 188 months.All available history.
IPV: 19 deals are recorded across 188 months. All available history
MonthDeals
Mar '111
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 '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '132
Oct '130
Nov '131
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
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 '161
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 '180
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 '191
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 '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '221
Feb '220
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

IPV: Networks, Cloud & Communication 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.

IPV: Networks, Cloud & Communication is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Networks, Cloud & Communication7
Enterprise Software6
E-Commerce & Retail4
Clean Energy & Sustainability4
Space & Frontier Tech3
Consumer & Lifestyle3
Hardware & Robotics3
Fintech3
Manufacturing3
Health & Life Sciences3
Social & Community Platforms2
AR/VR1
Transportation & Logistics1
Media & Entertainment1
AI & Machine Learning1

Deal Size Distribution

IPV: 19 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.

IPV: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M1
$10M-$25M4
$25M-$50M4
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

IPV: India has the largest recorded deal count among the displayed regions (10 deals).All available history.

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

IPV: India has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
India10
United States5
Singapore3
Lt-063101
IPV: 20 co-investors are shown, with Kleiner Perkins sharing 3 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

IPV: Led accounts for 37% and participating for 63% of round participation.All available history.
IPV: Led accounts for 37% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led737%
Participating1263%
IPV: Single-lead accounts for 14% and co-led for 86% of lead dynamics.All available history.
IPV: Single-lead accounts for 14% and co-led for 86% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead114%
Co-led686%

Team

Alfred Chu

Partner

Fang Roger Li

Partner &Founder

Ning Zhou

Partner

Terence Tan

Managing Partner

Tiemin Zhao

Venture Partner

Tingru Liu

Managing Partner

Weijin Liu

Partner

Winnie Huang Hui

Investment Manager