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The Venture Codex

Nascent

San Francisco, CA, 94104, US

Overview

Invests in early-stage teams and category-defining companies.

Founded

2020

Deals ยท 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Singapore
United Arab Emirates
United States

Sector focus

Cryptocurrency
Finance
Financial Services
Open Source
...

Investment portfolio

38rounds
NAMEDATESIZE
Nuvia
Sep 2026Led
$2 MOther Equity
Bundle
Jul 2026Participated
$6 MSeed
Ground
Jun 2026Participated
$4 MSeed
Kleva
Apr 2026Participated
$2 MSeed
Birch Hill Holdings
Feb 2026Participated
$3 MSeed
Tenbin
Jan 2026Participated
$7 MSeed
Pye Finance
Dec 2025Participated
$5 MSeed
SpaceComputer
Nov 2025Participated
$10 MSeed
Flying Tulip
Sep 2025Participated
$200 MSeed
Stable
Jul 2025Participated
$28 MSeed
Neutrl
Apr 2025Participated
$5 MSeed
Ligero
Feb 2025Participated
$4 MSeed
Nuvia
Sep 2026Led
$2 MOther Equity
Bundle
Jul 2026Participated
$6 MSeed
Ground
Jun 2026Participated
$4 MSeed
Kleva
Apr 2026Participated
$2 MSeed
Birch Hill Holdings
Feb 2026Participated
$3 MSeed
Tenbin
Jan 2026Participated
$7 MSeed
Pye Finance
Dec 2025Participated
$5 MSeed
SpaceComputer
Nov 2025Participated
$10 MSeed
Flying Tulip
Sep 2025Participated
$200 MSeed
Stable
Jul 2025Participated
$28 MSeed
Neutrl
Apr 2025Participated
$5 MSeed
Ligero
Feb 2025Participated
$4 MSeed
38
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Nascent: 38 funding rounds are recorded in the selected participation categories.All available history.
Nascent: 38 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed218
Series A08
Other Equity18
ICO01

Monthly Deal Activity

Nascent: 38 deals are recorded across 68 months.All available history.
Nascent: 38 deals are recorded across 68 months. All available history
MonthDeals
Mar '212
Apr '212
May '212
Jun '210
Jul '211
Aug '212
Sep '212
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '232
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '233
Dec '230
Jan '240
Feb '241
Mar '241
Apr '242
May '240
Jun '240
Jul '240
Aug '242
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '251
Dec '251
Jan '261
Feb '261
Mar '260
Apr '261
May '260
Jun '261
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

Nascent: Crypto & Blockchain is the largest displayed sector by deal count (32 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.

Nascent: Crypto & Blockchain is the largest displayed sector by deal count (32 deals). All available history
SectorDeals
Crypto & Blockchain32
Fintech17
AI & Machine Learning5
Enterprise Software4
E-Commerce & Retail3
Professional Services3
Developer Tools3
AR/VR1
Clean Energy & Sustainability1
Data, Analytics & IT1
Space & Frontier Tech1
Marketing & Advertising1
Hardware & Robotics1
Media & Entertainment1
Food & Agriculture1

Deal Size Distribution

Nascent: 38 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.

Nascent: 38 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M12
$10M-$25M11
$25M-$50M1
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Nascent: United States has the largest recorded deal count among the displayed regions (25 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

Nascent: United States has the largest recorded deal count among the displayed regions (25 deals). All available history
RegionDeals
United States25
Europe4
United Arab Emirates2
Singapore2
Brazil1
100121
913161
Cayman Islands1
Canada1
Nascent: 20 co-investors are shown, with ParaFi Capital sharing 7 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.

Nascent: 20 co-investors are shown, with ParaFi Capital sharing 7 recorded deals. All available history
Co-investorShared deals
ParaFi Capital7
Coinbase Ventures5
Bankless Ventures4
CMT Digital4
Dragonfly4
Ethereal Ventures4
Framework Ventures4
Hack VC4
Robot Ventures4
AllianceDAO (DeFi Alliance)3
CoinFund3
Delphi Ventures3
eGirl Capital3
Figment Capital3
Gemini3
Hashed3
JST Capital3
Pantera Capital3
Polychain Capital3
Variant3

Investment Strategy

Nascent: Led accounts for 8% and participating for 92% of round participation.All available history.
Nascent: Led accounts for 8% and participating for 92% of round participation. All available history
CategoryDeals (count)Share (%)
Led38%
Participating3592%
Nascent: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Nascent: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Dan Elitzer

Co-Founder