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The Venture Codex

Overview

Institutional venture capital fund based in Puerto Rico.

Founded

2018

Deals · 12mo

1

Stage focus

Seed
Series A
Series B

Geographic focus

Brazil
Chile
Colombia
Puerto Rico
...

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
BackChannel
Mar 2026Participated
$5 MSeed
Retorna
Jun 2024Participated
$1 MOther Equity
Leal
Jan 2024Participated
$5 MSeries B
Moonflow
Dec 2023Participated
$0.70 MSeed
Ole Insurance Group
Jun 2023Participated
$12 MSeries A
BackChannel
Mar 2026Participated
$5 MSeed
Retorna
Jun 2024Participated
$1 MOther Equity
Leal
Jan 2024Participated
$5 MSeries B
Moonflow
Dec 2023Participated
$0.70 MSeed
Ole Insurance Group
Jun 2023Participated
$12 MSeries A
5
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Insights

Time horizon

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Deal Distribution

Morro Ventures: 5 funding rounds are recorded in the selected participation categories.All available history.
Morro Ventures: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Series A01
Series B01
Other Equity01

Monthly Deal Activity

Morro Ventures: 5 deals are recorded across 41 months.All available history.
Morro Ventures: 5 deals are recorded across 41 months. All available history
MonthDeals
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '241
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 '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Morro Ventures: Enterprise Software is the largest displayed sector by deal count (3 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.

Morro Ventures: Enterprise Software is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Enterprise Software3
Fintech2
E-Commerce & Retail2
Networks, Cloud & Communication1
Professional Services1
Data, Analytics & IT1
Social & Community Platforms1

Deal Size Distribution

Morro Ventures: 5 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.

Morro Ventures: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Morro Ventures: United States has the largest recorded deal count among the displayed regions (1 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Morro Ventures: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Brazil1
Colombia1
Chile1
Puerto Rico1
Morro Ventures: 17 co-investors are shown, with Salkantay Ventures 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.

Investment Strategy

Morro Ventures: Led accounts for 0% and participating for 100% of round participation.All available history.
Morro Ventures: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating5100%
Morro Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Morro 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

Cyril Meduna

Managing Partner