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The Venture Codex

Overview

Early stage venture capital firm investing in diverse start-ups.

Founded

2013

Deals ยท 12mo

0

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

FinTech
Venture Capital

Investment portfolio

61rounds
NAMEDATESIZE
Airial
Jun 2025Led
$3 MSeed
Tensec
Jun 2025Participated
$12 MSeed
Axyon AI
Apr 2025Participated
$5 MOther Equity
Augmenta
Mar 2025Participated
$10 MSeed
Ignota Labs
Feb 2025Led
$7 MSeed
Sollis Health
Dec 2024Participated
$33 MSeries B
Treehouse
Oct 2024Participated
$16 MSeries A
Somite
Sep 2024Led
$5 MSeed
CardiaTec Biosciences
Sep 2024Led
$7 MSeed
Axyon AI
Jan 2024Led
$4 MOther Equity
Carefull
Oct 2023Participated
$17 MSeries A
Caden AI
Aug 2023Participated
$15 MSeries A
Airial
Jun 2025Led
$3 MSeed
Tensec
Jun 2025Participated
$12 MSeed
Axyon AI
Apr 2025Participated
$5 MOther Equity
Augmenta
Mar 2025Participated
$10 MSeed
Ignota Labs
Feb 2025Led
$7 MSeed
Sollis Health
Dec 2024Participated
$33 MSeries B
Treehouse
Oct 2024Participated
$16 MSeries A
Somite
Sep 2024Led
$5 MSeed
CardiaTec Biosciences
Sep 2024Led
$7 MSeed
Axyon AI
Jan 2024Led
$4 MOther Equity
Carefull
Oct 2023Participated
$17 MSeries A
Caden AI
Aug 2023Participated
$15 MSeries A
61
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Insights

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Deal Distribution

Montage Ventures: 61 funding rounds are recorded in the selected participation categories.All available history.
Montage Ventures: 61 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1114
Series A118
Series B03
Other Equity48
Debt02

Monthly Deal Activity

Montage Ventures: 61 deals are recorded across 152 months.All available history.
Montage Ventures: 61 deals are recorded across 152 months. All available history
MonthDeals
Mar '141
Apr '140
May '141
Jun '140
Jul '140
Aug '140
Sep '140
Oct '141
Nov '141
Dec '140
Jan '150
Feb '152
Mar '151
Apr '150
May '150
Jun '151
Jul '151
Aug '150
Sep '150
Oct '151
Nov '152
Dec '150
Jan '160
Feb '160
Mar '161
Apr '161
May '161
Jun '160
Jul '160
Aug '161
Sep '160
Oct '160
Nov '162
Dec '161
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '202
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '211
May '211
Jun '210
Jul '211
Aug '211
Sep '211
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '223
Jun '221
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '222
Jan '232
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '232
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '242
Oct '241
Nov '240
Dec '241
Jan '250
Feb '251
Mar '251
Apr '251
May '250
Jun '252
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

Montage Ventures: Fintech is the largest displayed sector by deal count (23 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.

Montage Ventures: Fintech is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Fintech23
Real Estate & Construction17
Health & Life Sciences16
AI & Machine Learning15
Enterprise Software13
Networks, Cloud & Communication10
Consumer & Lifestyle7
E-Commerce & Retail6
Travel & Hospitality5
Data, Analytics & IT4
Marketing & Advertising4
Clean Energy & Sustainability3
Transportation & Logistics3
Food & Agriculture3
Professional Services3
Media & Entertainment2
Crypto & Blockchain1
Hardware & Robotics1
Developer Tools1

Deal Size Distribution

Montage Ventures: 61 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.

Montage Ventures: 61 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M16
$10M-$25M22
$25M-$50M3
$50M-$100M0
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Montage Ventures: United States has the largest recorded deal count among the displayed regions (55 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Montage Ventures: United States has the largest recorded deal count among the displayed regions (55 deals). All available history
RegionDeals
United States55
Europe4
Brazil1
Canada1
Montage Ventures: 20 co-investors are shown, with Lux Capital sharing 9 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

Montage Ventures: Led accounts for 26% and participating for 74% of round participation.All available history.
Montage Ventures: Led accounts for 26% and participating for 74% of round participation. All available history
CategoryDeals (count)Share (%)
Led1626%
Participating4574%
Montage Ventures: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Montage Ventures: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1063%
Co-led638%

Team

Chris Cowart

Venture Partner

Matthew Murphy

General Partner

Todd Kimmel

Managing Partner