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The Venture Codex

Overview

Invests in crypto and digital assets.

Deals · 12mo

4

Stage focus

Seed

Geographic focus

United Kingdom
United States

Sector focus

—

Investment portfolio

24rounds
NAMEDATESIZE
GenLayer
Jul 2026Participated
$8 MSeed
Paxos Labs
Apr 2026Participated
$12 MOther Equity
Oh
Apr 2026Participated
$8 MSeries A
Neuramint
Jan 2026Participated
$5 MSeed
BIO Protocol
Sep 2025Led
$7 MSeed
Hyperbeat
Aug 2025Participated
$5 MSeed
Veda
Jun 2025Participated
$18 MOther Equity
Magma
Oct 2024Participated
$4 MSeed
Drift
Sep 2024Participated
$25 MSeries B
Nectar AI
Sep 2024Participated
$4 MSeed
BSX
Aug 2024Participated
$4 MSeed
YeagerAI
Aug 2024Participated
$8 MSeed
GenLayer
Jul 2026Participated
$8 MSeed
Paxos Labs
Apr 2026Participated
$12 MOther Equity
Oh
Apr 2026Participated
$8 MSeries A
Neuramint
Jan 2026Participated
$5 MSeed
BIO Protocol
Sep 2025Led
$7 MSeed
Hyperbeat
Aug 2025Participated
$5 MSeed
Veda
Jun 2025Participated
$18 MOther Equity
Magma
Oct 2024Participated
$4 MSeed
Drift
Sep 2024Participated
$25 MSeries B
Nectar AI
Sep 2024Participated
$4 MSeed
BSX
Aug 2024Participated
$4 MSeed
YeagerAI
Aug 2024Participated
$8 MSeed
24
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Insights

Time horizon

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Deal Distribution

Maelstrom: 24 funding rounds are recorded in the selected participation categories.All available history.
Maelstrom: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed112
Series A03
Series B11
Other Equity15

Monthly Deal Activity

Maelstrom: 24 deals are recorded across 44 months.All available history.
Maelstrom: 24 deals are recorded across 44 months. All available history
MonthDeals
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '231
Nov '230
Dec '230
Jan '242
Feb '243
Mar '241
Apr '240
May '241
Jun '240
Jul '241
Aug '243
Sep '242
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '262
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Maelstrom: Crypto & Blockchain is the largest displayed sector by deal count (18 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.

Maelstrom: Crypto & Blockchain is the largest displayed sector by deal count (18 deals). All available history
SectorDeals
Crypto & Blockchain18
Fintech7
Networks, Cloud & Communication4
AI & Machine Learning4
Enterprise Software3
Data, Analytics & IT2
E-Commerce & Retail1
AR/VR1
Transportation & Logistics1
Marketing & Advertising1
Manufacturing1
Health & Life Sciences1
Professional Services1
Gaming & eSports1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Maelstrom: 24 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.

Maelstrom: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M12
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Maelstrom: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Maelstrom: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
Europe5
India1
331431
1018 Ll1
Australia1
Cayman Islands1
Canada1
Maelstrom: 20 co-investors are shown, with Node Capital sharing 5 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

Maelstrom: Led accounts for 13% and participating for 88% of round participation.All available history.
Maelstrom: Led accounts for 13% and participating for 88% of round participation. All available history
CategoryDeals (count)Share (%)
Led313%
Participating2188%
Maelstrom: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Maelstrom: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Elizabeth A. Kuhns

Founder, COO & Owner