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The Venture Codex

NEC X

490 California Ave., 105, Palo Alto, CA, 94306, United States

Overview

Incubating and developing new businesses with cutting-edge technologies.

Founded

2018

Deals ยท 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada

Sector focus

Consulting
Information Technology
Management Consulting

Investment portfolio

1rounds
NAMEDATESIZE
Verdi Expeditions
May 2025Participated
$5 MSeed
Verdi Expeditions
May 2025Participated
$5 MSeed
1
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

NEC X: 1 funding rounds are recorded in the selected participation categories.All available history.
NEC X: 1 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01

Monthly Deal Activity

NEC X: 1 deals are recorded across 18 months.All available history.
NEC X: 1 deals are recorded across 18 months. All available history
MonthDeals
May '251
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

NEC X: Food & Agriculture is the largest displayed sector by deal count (1 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.

NEC X: Food & Agriculture is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Food & Agriculture1

Deal Size Distribution

NEC X: 1 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.

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

Deals By Geography

NEC X: Canada has the largest recorded deal count among the displayed regions (1 deals).All available history.

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

NEC X: Canada has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
Canada1
NEC X: 12 co-investors are shown, with Baker Hall Capital sharing 1 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.

NEC X: 12 co-investors are shown, with Baker Hall Capital sharing 1 recorded deals. All available history
Co-investorShared deals
Baker Hall Capital1
Cyan1
Dangerous Ventures1
Echo River Capital1
Elemental Impact1
Genome BC1
Jetstream1
One Small Planet1
Ponderosa Ventures1
SVG Ventures1
VentureUs1
Waterpoint Lane1

Investment Strategy

NEC X: Led accounts for 0% and participating for 100% of round participation.All available history.
NEC X: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating1100%
NEC X: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
NEC X: 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

Naoto Mizuguchi

Chief Financial Officer

Nobu Morita

Director of Innovations

Shintaro Matsumoto

President and CEO