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The Venture Codex

Overview

Private equity firm investing in defense and cybersecurity sectors.

Founded

2009

Deals ยท 12mo

0

Stage focus

Series C
Series D

Geographic focus

United States

Sector focus

Consulting
CRM
Cyber Security
Information Technology
...

Investment portfolio

3rounds
NAMEDATESIZE
Virtru
Jul 2025Participated
$50 MSeries D
ThayerMahan
Jan 2024Participated
$20 MSeries C
ThayerMahan
Apr 2023Led
$30 MSeries C
Virtru
Jul 2025Participated
$50 MSeries D
ThayerMahan
Jan 2024Participated
$20 MSeries C
ThayerMahan
Apr 2023Led
$30 MSeries C
3
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Insights

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Deal Distribution

MC2 Security Fund: 3 funding rounds are recorded in the selected participation categories.All available history.
MC2 Security Fund: 3 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series C+12

Monthly Deal Activity

MC2 Security Fund: 3 deals are recorded across 43 months.All available history.
MC2 Security Fund: 3 deals are recorded across 43 months. All available history
MonthDeals
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
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 '251
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

MC2 Security Fund: Hardware & Robotics is the largest displayed sector by deal count (2 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.

MC2 Security Fund: Hardware & Robotics is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Hardware & Robotics2
Government & Defense2
Space & Frontier Tech2
Enterprise Software1
Cybersecurity & Privacy1

Deal Size Distribution

MC2 Security Fund: 3 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.

MC2 Security Fund: 3 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

MC2 Security Fund: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

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

MC2 Security Fund: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
MC2 Security Fund: 11 co-investors are shown, with AE Industrial Partners sharing 2 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.

MC2 Security Fund: 11 co-investors are shown, with AE Industrial Partners sharing 2 recorded deals. All available history
Co-investorShared deals
AE Industrial Partners2
I Squared Capital2
Bessemer Venture Partners1
Compass Partners1
Ducenta Squared Asset Management1
Foundry Group1
Hanwha Asset Management1
Hegemon Capital1
ICONIQ Growth1
RiverPark Ventures1
Yellow Sub Funding1

Investment Strategy

MC2 Security Fund: Led accounts for 33% and participating for 67% of round participation.All available history.
MC2 Security Fund: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led133%
Participating267%
MC2 Security Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
MC2 Security Fund: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Jay Cohen

Principal

Michele Iversen

Principal and Head of Geopolitical and Regulatory Risk