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The Venture Codex

Overview

Private equity firm investing in early-stage companies for societal needs.

Founded

2016

Deals · 12mo

1

Stage focus

Series C
Series D

Geographic focus

Brazil
United States

Sector focus

Financial Services
Professional Services
Small and Medium Businesses

Investment portfolio

4rounds
NAMEDATESIZE
Tive
Jan 2026Led
$20 MOther Equity
AiDASH
Apr 2024Led
$59 MSeries C
Source
Jul 2022Participated
$130 MSeries D
Solinftec
May 2022Led
$60 MOther Equity
Tive
Jan 2026Led
$20 MOther Equity
AiDASH
Apr 2024Led
$59 MSeries C
Source
Jul 2022Participated
$130 MSeries D
Solinftec
May 2022Led
$60 MOther Equity
4
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Insights

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Deal Distribution

Lightsmith Group: 4 funding rounds are recorded in the selected participation categories.All available history.
Lightsmith Group: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series C+11
Other Equity20

Monthly Deal Activity

Lightsmith Group: 4 deals are recorded across 54 months.All available history.
Lightsmith Group: 4 deals are recorded across 54 months. All available history
MonthDeals
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
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 '240
Feb '240
Mar '240
Apr '241
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 '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Lightsmith Group: Enterprise Software 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.

Lightsmith Group: Enterprise Software is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Enterprise Software3
Hardware & Robotics2
Clean Energy & Sustainability2
Networks, Cloud & Communication1
Manufacturing1
Food & Agriculture1
AI & Machine Learning1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

Lightsmith Group: 4 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.

Lightsmith Group: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Lightsmith Group: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Lightsmith Group: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
Brazil1
Lightsmith Group: 20 co-investors are shown, with Duke Energy 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.

Investment Strategy

Lightsmith Group: Led accounts for 75% and participating for 25% of round participation.All available history.
Lightsmith Group: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led375%
Participating125%
Lightsmith Group: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Lightsmith Group: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Jay Koh

Managing Director & Co-Founder

Sanjay Wagle

Co-Founder and Managing Director