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The Venture Codex

Overview

Venture capital supporting national security innovation.

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Iceland
United Kingdom
United States

Sector focus

National Security
Venture Capital

Investment portfolio

8rounds
NAMEDATESIZE
Milvus Advanced
Oct 2025Participated
$7 MSeed
Pimloc
Jul 2025Participated
$5 MOther Equity
Labrys Technologies
Jun 2025Participated
$20 MSeries A
Bifrost AI
Oct 2024Participated
$8 MSeries A
Hefring Marine
May 2024Participated
$2 MOther Equity
Labrys Technologies
Dec 2023Participated
$6 MSeed
Materials Nexus
Jul 2023Participated
$3 MSeed
Valarian Technologies
Nov 2022Participated
$11 MSeed
Milvus Advanced
Oct 2025Participated
$7 MSeed
Pimloc
Jul 2025Participated
$5 MOther Equity
Labrys Technologies
Jun 2025Participated
$20 MSeries A
Bifrost AI
Oct 2024Participated
$8 MSeries A
Hefring Marine
May 2024Participated
$2 MOther Equity
Labrys Technologies
Dec 2023Participated
$6 MSeed
Materials Nexus
Jul 2023Participated
$3 MSeed
Valarian Technologies
Nov 2022Participated
$11 MSeed
8
Items
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Insights

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Deal Distribution

MD One Ventures: 8 funding rounds are recorded in the selected participation categories.All available history.
MD One Ventures: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Series A02
Other Equity02

Monthly Deal Activity

MD One Ventures: 8 deals are recorded across 48 months.All available history.
MD One Ventures: 8 deals are recorded across 48 months. All available history
MonthDeals
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '251
Aug '250
Sep '250
Oct '251
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

MD One Ventures: AI & Machine Learning is the largest displayed sector by deal count (6 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.

MD One Ventures: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Enterprise Software5
Government & Defense3
Hardware & Robotics2
Crypto & Blockchain2
Manufacturing2
Cybersecurity & Privacy2
Clean Energy & Sustainability2
Space & Frontier Tech2
Networks, Cloud & Communication1
Professional Services1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

MD One Ventures: 8 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.

MD One Ventures: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M4
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

MD One Ventures: Europe has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

MD One Ventures: Europe has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Europe7
United States1
MD One Ventures: 20 co-investors are shown, with Expeditions Fund sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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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

MD One Ventures: Led accounts for 0% and participating for 100% of round participation.All available history.
MD One Ventures: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating8100%
MD One Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
MD One Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

No team members found for this fund.