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The Venture Codex

Overview

Venture fund investing in early-stage enterprise software companies.

Founded

2016

Deals ยท 12mo

18

Stage focus

Series A
Series B

Geographic focus

Israel
United States

Sector focus

Business Development
Enterprise Software
Financial Services
Venture Capital

Investment portfolio

229rounds
NAMEDATESIZE
Mecka AI
Oct 2026Participated
$60 MSeries B
Stuut Technologies
Oct 2026Participated
$53 MSeries B
Gimlet Labs
Sep 2026Participated
$300 MSeries B
HiddenLayer
Sep 2026Participated
$100 MSeries B
Mate Security
Jul 2026Participated
$35 MSeries A
Cinder
May 2026Participated
$41 MSeries B
Vapi
May 2026Participated
$50 MSeries B
Auctor
Apr 2026Participated
$20 MSeries A
nEye Systems
Apr 2026Participated
$80 MSeries C
NeuBird
Apr 2026Participated
$19 MOther Equity
Lace
Mar 2026Participated
$40 MSeries A
Knox
Mar 2026Participated
$25 MSeries A
Mecka AI
Oct 2026Participated
$60 MSeries B
Stuut Technologies
Oct 2026Participated
$53 MSeries B
Gimlet Labs
Sep 2026Participated
$300 MSeries B
HiddenLayer
Sep 2026Participated
$100 MSeries B
Mate Security
Jul 2026Participated
$35 MSeries A
Cinder
May 2026Participated
$41 MSeries B
Vapi
May 2026Participated
$50 MSeries B
Auctor
Apr 2026Participated
$20 MSeries A
nEye Systems
Apr 2026Participated
$80 MSeries C
NeuBird
Apr 2026Participated
$19 MOther Equity
Lace
Mar 2026Participated
$40 MSeries A
Knox
Mar 2026Participated
$25 MSeries A
229
Items
...
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Insights

Time horizon

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Deal Distribution

M12: 229 funding rounds are recorded in the selected participation categories.All available history.
M12: 229 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1210
Series A2927
Series B1744
Series C+249
Other Equity1029

Monthly Deal Activity

M12: 229 deals are recorded across 156 months.All available history.
M12: 229 deals are recorded across 156 months. All available history
MonthDeals
Nov '131
Dec '130
Jan '140
Feb '141
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '141
Oct '140
Nov '140
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 '160
May '160
Jun '163
Jul '160
Aug '160
Sep '161
Oct '162
Nov '161
Dec '162
Jan '170
Feb '173
Mar '172
Apr '171
May '175
Jun '176
Jul '171
Aug '170
Sep '174
Oct '170
Nov '172
Dec '171
Jan '182
Feb '181
Mar '182
Apr '183
May '182
Jun '183
Jul '182
Aug '181
Sep '183
Oct '183
Nov '181
Dec '182
Jan '192
Feb '193
Mar '193
Apr '193
May '192
Jun '193
Jul '191
Aug '191
Sep '191
Oct '190
Nov '192
Dec '191
Jan '204
Feb '200
Mar '202
Apr '201
May '205
Jun '203
Jul '202
Aug '205
Sep '201
Oct '201
Nov '200
Dec '202
Jan '211
Feb '214
Mar '214
Apr '213
May '213
Jun '214
Jul '214
Aug '213
Sep '215
Oct '210
Nov '213
Dec '211
Jan '221
Feb '224
Mar '224
Apr '221
May '224
Jun '222
Jul '222
Aug '221
Sep '224
Oct '223
Nov '221
Dec '220
Jan '231
Feb '231
Mar '232
Apr '231
May '231
Jun '231
Jul '231
Aug '230
Sep '232
Oct '230
Nov '231
Dec '231
Jan '240
Feb '240
Mar '242
Apr '240
May '244
Jun '240
Jul '241
Aug '243
Sep '240
Oct '242
Nov '242
Dec '243
Jan '251
Feb '252
Mar '251
Apr '251
May '250
Jun '250
Jul '252
Aug '250
Sep '252
Oct '251
Nov '251
Dec '251
Jan '262
Feb '261
Mar '262
Apr '263
May '262
Jun '260
Jul '261
Aug '260
Sep '262
Oct '262

Sector Breakdown

M12: Enterprise Software is the largest displayed sector by deal count (131 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.

M12: Enterprise Software is the largest displayed sector by deal count (131 deals). All available history
SectorDeals
Enterprise Software131
AI & Machine Learning97
Data, Analytics & IT64
Networks, Cloud & Communication54
Cybersecurity & Privacy47
Professional Services33
Hardware & Robotics24
Developer Tools24
Space & Frontier Tech18
Fintech16
Marketing & Advertising15
Transportation & Logistics14
Media & Entertainment13
Health & Life Sciences12
Education & Workforce8
Government & Defense8
Clean Energy & Sustainability5
E-Commerce & Retail4
Real Estate & Construction4
Crypto & Blockchain4
Gaming & eSports4
AR/VR3
Consumer & Lifestyle3
Manufacturing3
Travel & Hospitality2
Food & Agriculture2
Social & Community Platforms2

Deal Size Distribution

M12: 229 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.

M12: 229 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M20
$5M-$10M21
$10M-$25M71
$25M-$50M65
$50M-$100M27
$100M-$250M20
$250M-$500M5
$500M-$1B0
$1B+0

Deals By Geography

M12: United States has the largest recorded deal count among the displayed regions (176 deals).All available history.

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

M12: United States has the largest recorded deal count among the displayed regions (176 deals). All available history
RegionDeals
United States176
Europe23
Israel14
Canada8
Australia3
Philippines1
112151
981091
Japan1
India1
M12: 20 co-investors are shown, with Salesforce Ventures sharing 16 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

M12: Led accounts for 31% and participating for 69% of round participation.All available history.
M12: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led7031%
Participating15969%
M12: Single-lead accounts for 66% and co-led for 34% of lead dynamics.All available history.
M12: Single-lead accounts for 66% and co-led for 34% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4666%
Co-led2434%

Team

Cheryl Cheng

Founder and CEO

John Vela

Director of Portfolio Development

Leigh Madden

Chief Executive Officer

Michael Stewart

Managing Partner

Michelle Gonzalez

Corporate Vice President and Global Head

Oriona Spaulding

Chief Operating Officer

Peter Berg

Managing Partner

Tero Collin

Head of Fund Operations and Strategy

Tina McNulty

Head of Marketing & Communications

Todd Graham

Managing Partner