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The Venture Codex

Overview

Global growth capital platform backing purpose-driven entrepreneurs.

Founded

2009

Deals · 12mo

7

Stage focus

Series B
Series C

Geographic focus

Brazil
Germany
India
Kenya
...

Sector focus

AgTech
Business Information Systems
CleanTech
FinTech
...

Investment portfolio

94rounds
NAMEDATESIZE
Open Cosmos
Sep 2026Led
$348 MOther Equity
Mahindra Last Mile Mobility
Jul 2026Participated
$34 MOther Equity
Stride
May 2026Led
$15 MSeries B
WayCool
Mar 2026Led
$23 MOther Equity
Azos
Feb 2026Participated
$33 MSeries B
Sun King
Dec 2025Led
$40 MOther Equity
Moniepoint
Oct 2025Participated
$200 MSeries C
Katana
Oct 2025Participated
$16 MSeries B
Group14 Technologies
Aug 2025Participated
$463 MSeries D
Ultromics
Jul 2025Led
$55 MSeries C
Makersite
Jul 2025Led
$70 MSeries B
Aerones
Jun 2025Participated
$62 MOther Equity
Open Cosmos
Sep 2026Led
$348 MOther Equity
Mahindra Last Mile Mobility
Jul 2026Participated
$34 MOther Equity
Stride
May 2026Led
$15 MSeries B
WayCool
Mar 2026Led
$23 MOther Equity
Azos
Feb 2026Participated
$33 MSeries B
Sun King
Dec 2025Led
$40 MOther Equity
Moniepoint
Oct 2025Participated
$200 MSeries C
Katana
Oct 2025Participated
$16 MSeries B
Group14 Technologies
Aug 2025Participated
$463 MSeries D
Ultromics
Jul 2025Led
$55 MSeries C
Makersite
Jul 2025Led
$70 MSeries B
Aerones
Jun 2025Participated
$62 MOther Equity
94
Items
...
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Insights

Time horizon

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Deal Distribution

Lightrock: 94 funding rounds are recorded in the selected participation categories.All available history.
Lightrock: 94 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A20
Series B108
Series C+1927
Other Equity1313
Debt11

Monthly Deal Activity

Lightrock: 94 deals are recorded across 86 months.All available history.
Lightrock: 94 deals are recorded across 86 months. All available history
MonthDeals
Sep '191
Oct '190
Nov '191
Dec '190
Jan '200
Feb '201
Mar '203
Apr '201
May '200
Jun '201
Jul '200
Aug '200
Sep '201
Oct '201
Nov '201
Dec '201
Jan '211
Feb '212
Mar '210
Apr '210
May '211
Jun '213
Jul '210
Aug '211
Sep '214
Oct '214
Nov '210
Dec '213
Jan '227
Feb '226
Mar '223
Apr '220
May '223
Jun '223
Jul '220
Aug '223
Sep '221
Oct '222
Nov '225
Dec '222
Jan '231
Feb '231
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '232
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '242
Nov '241
Dec '241
Jan '250
Feb '251
Mar '251
Apr '251
May '250
Jun '251
Jul '252
Aug '251
Sep '250
Oct '252
Nov '250
Dec '251
Jan '260
Feb '261
Mar '261
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Lightrock: Fintech is the largest displayed sector by deal count (37 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.

Lightrock: Fintech is the largest displayed sector by deal count (37 deals). All available history
SectorDeals
Fintech37
Transportation & Logistics21
Health & Life Sciences16
Enterprise Software14
E-Commerce & Retail12
Networks, Cloud & Communication12
Clean Energy & Sustainability10
Data, Analytics & IT10
Food & Agriculture10
AI & Machine Learning9
Hardware & Robotics8
Professional Services7
Education & Workforce6
Consumer & Lifestyle6
Manufacturing6
Real Estate & Construction5
Space & Frontier Tech5
Travel & Hospitality4
Marketing & Advertising3
Government & Defense1
Social & Community Platforms1

Deal Size Distribution

Lightrock: 94 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.

Lightrock: 94 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M3
$10M-$25M14
$25M-$50M25
$50M-$100M17
$100M-$250M23
$250M-$500M9
$500M-$1B3
$1B+0

Deals By Geography

Lightrock: India has the largest recorded deal count among the displayed regions (33 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Lightrock: India has the largest recorded deal count among the displayed regions (33 deals). All available history
RegionDeals
India33
Europe22
United States14
Brazil9
Kenya5
Nigeria2
908022
South Africa1
Vietnam1
Colombia1
Lightrock: 20 co-investors are shown, with SoftBank sharing 6 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

Lightrock: Led accounts for 48% and participating for 52% of round participation.All available history.
Lightrock: Led accounts for 48% and participating for 52% of round participation. All available history
CategoryDeals (count)Share (%)
Led4548%
Participating4952%
Lightrock: Single-lead accounts for 53% and co-led for 47% of lead dynamics.All available history.
Lightrock: Single-lead accounts for 53% and co-led for 47% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2453%
Co-led2147%

Team

Ashish (Ash) Puri

Growth Investor

Florian Ulmer

Partner and COO

Kartik Srivatsa

Managing Partner, India and Global Chief Strategy Officer

Kevin Bone

Partner

Marcos Wilson Pereira

Partner, Head of Latin America

Pal Erik Sjatil

Global Managing Partner and CEO