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The Venture Codex

Overview

Venture capital fund manager for early-stage technology start-ups.

Founded

2010

Deals · 12mo

0

Stage focus

—

Geographic focus

United Kingdom

Sector focus

Financial Services
Life Science
Venture Capital

Investment portfolio

25rounds
NAMEDATESIZE
GeckoLabs
Jul 2019Participated
$2 MOther Equity
Dxcover
May 2019Participated
$2 MOther Equity
PHARMASEAL
May 2019Led
$1 MOther Equity
BlackCurve
Mar 2019Participated
$2 MOther Equity
Kumulos
Nov 2018Participated
$0.97 MOther Equity
Cyan Forensics
Nov 2018Led
$1 MOther Equity
Covatic
Oct 2018Led
$1 MOther Equity
Expandly
Oct 2018Led
$0.76 MOther Equity
ParkCloud
Jul 2018Led
$5 MOther Equity
W2 Global Data Solutions
Jul 2018Participated
$2 MOther Equity
PlayerLands
Jul 2018Led
$0.26 MOther Equity
Clear Review
May 2018Led
$0.68 MOther Equity
GeckoLabs
Jul 2019Participated
$2 MOther Equity
Dxcover
May 2019Participated
$2 MOther Equity
PHARMASEAL
May 2019Led
$1 MOther Equity
BlackCurve
Mar 2019Participated
$2 MOther Equity
Kumulos
Nov 2018Participated
$0.97 MOther Equity
Cyan Forensics
Nov 2018Led
$1 MOther Equity
Covatic
Oct 2018Led
$1 MOther Equity
Expandly
Oct 2018Led
$0.76 MOther Equity
ParkCloud
Jul 2018Led
$5 MOther Equity
W2 Global Data Solutions
Jul 2018Participated
$2 MOther Equity
PlayerLands
Jul 2018Led
$0.26 MOther Equity
Clear Review
May 2018Led
$0.68 MOther Equity
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Deal Distribution

Mercia Fund Managers: 25 funding rounds are recorded in the selected participation categories.All available history.
Mercia Fund Managers: 25 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A01
Other Equity148
Debt10

Monthly Deal Activity

Mercia Fund Managers: 25 deals are recorded across 109 months.All available history.
Mercia Fund Managers: 25 deals are recorded across 109 months. All available history
MonthDeals
Oct '171
Nov '170
Dec '174
Jan '181
Feb '184
Mar '180
Apr '181
May '183
Jun '180
Jul '183
Aug '180
Sep '180
Oct '182
Nov '182
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '192
Jun '190
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
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 '250
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

Mercia Fund Managers: Enterprise Software is the largest displayed sector by deal count (8 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.

Mercia Fund Managers: Enterprise Software is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Enterprise Software8
Health & Life Sciences8
E-Commerce & Retail6
Hardware & Robotics4
Space & Frontier Tech3
Networks, Cloud & Communication3
Data, Analytics & IT2
Transportation & Logistics2
AI & Machine Learning2
Professional Services2
Travel & Hospitality1
Cybersecurity & Privacy1
AR/VR1
Consumer & Lifestyle1
Fintech1
Manufacturing1
Gaming & eSports1

Deal Size Distribution

Mercia Fund Managers: 25 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.

Mercia Fund Managers: 25 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M24
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mercia Fund Managers: Europe has the largest recorded deal count among the displayed regions (25 deals).All available history.

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

Mercia Fund Managers: Europe has the largest recorded deal count among the displayed regions (25 deals). All available history
RegionDeals
Europe25
Mercia Fund Managers: 10 co-investors are shown, with Scottish Enterprise sharing 4 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.

Mercia Fund Managers: 10 co-investors are shown, with Scottish Enterprise sharing 4 recorded deals. All available history
Co-investorShared deals
Scottish Enterprise4
Development Bank of Wales2
Innovate UK2
Catapult Ventures1
Creative England1
Eos Advisory1
Nauta Capital1
Oxford Science Enterprises1
TTI Angels1
University of Nottingham1

Investment Strategy

Mercia Fund Managers: Led accounts for 60% and participating for 40% of round participation.All available history.
Mercia Fund Managers: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led1560%
Participating1040%
Mercia Fund Managers: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
Mercia Fund Managers: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1280%
Co-led320%

Team

David Wright

Investment Manager

Debbie Sutton

Facilities Manager

Emma Vaux

Office Manager & Executive Assistant

Gina Hood

EIS Fund Operations Manager

Ian Scott

Finance Director

Mark Payton

Managing Director

Paul Devlin

Investment Manager

Sandy Reid - Mercia Ventures

Investment Director

Tim Hazell

Senior Investment Director