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The Venture Codex

Overview

Ego-free venture capital focused on building trust with entrepreneurs.

Founded

2010

Deals ยท 12mo

3

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

95rounds
NAMEDATESIZE
Pure
Jul 2026Participated
$8 MSeed
Artemis
Mar 2026Participated
$6 MOther Equity
Channel3
Dec 2025Participated
$6 MSeed
ZeroClick
Aug 2025Participated
$55 MSeries A
Row Zero
May 2025Participated
$10 MSeed
Stable Sea
Mar 2025Participated
$4 MOther Equity
Keebler Health
Feb 2025Participated
$6 MSeed
MirrorTab
Feb 2025Participated
$9 MSeed
Tildei
Oct 2024Participated
$6 MSeed
Hona
Jun 2024Participated
$10 MSeries A
CoverTree
May 2024Participated
$13 MSeries A
Workshop
Nov 2023Participated
$12 MSeries A
Pure
Jul 2026Participated
$8 MSeed
Artemis
Mar 2026Participated
$6 MOther Equity
Channel3
Dec 2025Participated
$6 MSeed
ZeroClick
Aug 2025Participated
$55 MSeries A
Row Zero
May 2025Participated
$10 MSeed
Stable Sea
Mar 2025Participated
$4 MOther Equity
Keebler Health
Feb 2025Participated
$6 MSeed
MirrorTab
Feb 2025Participated
$9 MSeed
Tildei
Oct 2024Participated
$6 MSeed
Hona
Jun 2024Participated
$10 MSeries A
CoverTree
May 2024Participated
$13 MSeries A
Workshop
Nov 2023Participated
$12 MSeries A
95
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Insights

Time horizon

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Deal Distribution

Ludlow Ventures: 95 funding rounds are recorded in the selected participation categories.All available history.
Ludlow Ventures: 95 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed645
Series A022
Series B04
Series C+02
Other Equity016

Monthly Deal Activity

Ludlow Ventures: 95 deals are recorded across 190 months.All available history.
Ludlow Ventures: 95 deals are recorded across 190 months. All available history
MonthDeals
Jan '111
Feb '110
Mar '110
Apr '111
May '111
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '121
Mar '120
Apr '120
May '121
Jun '121
Jul '121
Aug '120
Sep '122
Oct '120
Nov '120
Dec '120
Jan '131
Feb '131
Mar '130
Apr '131
May '130
Jun '130
Jul '132
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '141
Jun '140
Jul '140
Aug '140
Sep '141
Oct '142
Nov '140
Dec '140
Jan '151
Feb '150
Mar '150
Apr '153
May '151
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '162
Feb '162
Mar '161
Apr '161
May '160
Jun '161
Jul '161
Aug '160
Sep '160
Oct '163
Nov '160
Dec '160
Jan '171
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '181
Mar '180
Apr '181
May '181
Jun '181
Jul '181
Aug '180
Sep '180
Oct '181
Nov '181
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '191
Sep '190
Oct '191
Nov '191
Dec '190
Jan '202
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '201
Aug '201
Sep '201
Oct '201
Nov '202
Dec '202
Jan '210
Feb '213
Mar '213
Apr '211
May '212
Jun '210
Jul '214
Aug '210
Sep '212
Oct '210
Nov '212
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '252
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Ludlow Ventures: Enterprise Software is the largest displayed sector by deal count (38 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.

Ludlow Ventures: Enterprise Software is the largest displayed sector by deal count (38 deals). All available history
SectorDeals
Enterprise Software38
Networks, Cloud & Communication30
E-Commerce & Retail21
Professional Services16
Fintech15
Media & Entertainment15
Hardware & Robotics12
Real Estate & Construction11
Consumer & Lifestyle10
Social & Community Platforms10
Marketing & Advertising8
Health & Life Sciences8
Education & Workforce6
Data, Analytics & IT6
AI & Machine Learning6
Developer Tools6
Transportation & Logistics5
Travel & Hospitality4
Government & Defense4
Cybersecurity & Privacy3
Clean Energy & Sustainability3
Space & Frontier Tech3
Gaming & eSports3
AR/VR2
Food & Agriculture1

Deal Size Distribution

Ludlow Ventures: 95 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.

Ludlow Ventures: 95 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M56
$5M-$10M17
$10M-$25M16
$25M-$50M3
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ludlow Ventures: United States has the largest recorded deal count among the displayed regions (90 deals).All available history.

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

Ludlow Ventures: United States has the largest recorded deal count among the displayed regions (90 deals). All available history
RegionDeals
United States90
Europe3
Kenya1
Tunisia1
Ludlow Ventures: 20 co-investors are shown, with Detroit Venture Partners sharing 15 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

Ludlow Ventures: Led accounts for 6% and participating for 94% of round participation.All available history.
Ludlow Ventures: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led66%
Participating8994%
Ludlow Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Ludlow Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead350%
Co-led350%

Team

Blake Lindblad

Summer Associate

Jonathon Triest

Founder & Managing Partner