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The Venture Codex

Overview

Lower middle market private equity firm investing in tech and healthcare.

Founded

1999

Deals · 12mo

0

Stage focus

—

Geographic focus

United States

Sector focus

Education
Financial Services
Health Care
Industrial
...

Investment portfolio

26rounds
NAMEDATESIZE
INTELITY
Dec 2023Participated
$5 MOther Equity
Intellishift
Aug 2021Led
$70 MOther Equity
JW Player
Jun 2021Led
$100 MSeries E
Vehicle Tracking Solutions
Jun 2021Led
$70 MOther Equity
SparkPost
Jan 2021Participated
$180 MOther Equity
Onapsis
Oct 2020Participated
$55 MSeries D
Suvoda
Dec 2019Led
$40 MOther Equity
Relay Network
Dec 2019Led
$30 MOther Equity
Digital Guardian
Apr 2019Led
$30 MOther Equity
INTELITY
Jan 2019Led
$44 MOther Equity
Onapsis
Apr 2018Led
$31 MSeries C
Midigator
Mar 2018Led
$30 MOther Equity
INTELITY
Dec 2023Participated
$5 MOther Equity
Intellishift
Aug 2021Led
$70 MOther Equity
JW Player
Jun 2021Led
$100 MSeries E
Vehicle Tracking Solutions
Jun 2021Led
$70 MOther Equity
SparkPost
Jan 2021Participated
$180 MOther Equity
Onapsis
Oct 2020Participated
$55 MSeries D
Suvoda
Dec 2019Led
$40 MOther Equity
Relay Network
Dec 2019Led
$30 MOther Equity
Digital Guardian
Apr 2019Led
$30 MOther Equity
INTELITY
Jan 2019Led
$44 MOther Equity
Onapsis
Apr 2018Led
$31 MSeries C
Midigator
Mar 2018Led
$30 MOther Equity
26
Items
...
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Insights

Time horizon

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Deal Distribution

LLR Partners: 26 funding rounds are recorded in the selected participation categories.All available history.
LLR Partners: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series C+21
Other Equity185

Monthly Deal Activity

LLR Partners: 26 deals are recorded across 196 months.All available history.
LLR Partners: 26 deals are recorded across 196 months. All available history
MonthDeals
Jul '101
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '111
Mar '110
Apr '110
May '110
Jun '111
Jul '110
Aug '111
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 '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '132
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '141
Nov '141
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '162
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '181
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '192
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '212
Jul '210
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
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 '231
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 '250
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

LLR Partners: Enterprise Software is the largest displayed sector by deal count (11 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.

LLR Partners: Enterprise Software is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Enterprise Software11
Networks, Cloud & Communication10
Cybersecurity & Privacy7
Professional Services5
Data, Analytics & IT4
Health & Life Sciences4
Marketing & Advertising3
Travel & Hospitality2
Education & Workforce2
Hardware & Robotics2
Fintech2
E-Commerce & Retail1
Real Estate & Construction1
Consumer & Lifestyle1
Media & Entertainment1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

LLR Partners: 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.

LLR Partners: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M3
$25M-$50M14
$50M-$100M6
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

LLR Partners: United States has the largest recorded deal count among the displayed regions (26 deals).All available history.

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

LLR Partners: United States has the largest recorded deal count among the displayed regions (26 deals). All available history
RegionDeals
United States26
LLR Partners: 20 co-investors are shown, with NewSpring Capital 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

LLR Partners: Led accounts for 77% and participating for 23% of round participation.All available history.
LLR Partners: Led accounts for 77% and participating for 23% of round participation. All available history
CategoryDeals (count)Share (%)
Led2077%
Participating623%
LLR Partners: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
LLR Partners: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead20100%
Co-led00%

Team

Cheng Li

Principal

Ira Lubert

Partner

Jack Slye

Partner

Kevin Becker

Vice President

Kristen Chang

Managing Director, Human Capital

Michael Pantilione

Partner - Software and Technology

Sam Ryder

Principal