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The Venture Codex

Necessary Ventures

San Francisco, CA, United States

Overview

Investment firm focused on scalable solutions for global needs.

Founded

2020

Deals ยท 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada
United States

Sector focus

Financial Services
Venture Capital

Investment portfolio

20rounds
NAMEDATESIZE
Kanurra
Jul 2026Participated
$6 MOther Equity
Arc Boats
Mar 2026Participated
$50 MSeries C
Nitra
Mar 2026Participated
$165 MDebt
Verustruct
Sep 2025Led
$2 MSeed
Channing Street Copper Company
Aug 2025Participated
$28 MOther Equity
Brellium
Apr 2025Participated
$14 MSeries A
Infinite Machine
Oct 2024Participated
$9 MSeed
Nevoya
Oct 2024Participated
$3 MSeed
Plural
May 2024Led
$2 MSeed
Unlearn
Feb 2024Participated
$50 MSeries C
Unlearn.AI
Feb 2024Participated
$50 MSeries C
Magrathea
Jun 2023Participated
$10 MSeed
Kanurra
Jul 2026Participated
$6 MOther Equity
Arc Boats
Mar 2026Participated
$50 MSeries C
Nitra
Mar 2026Participated
$165 MDebt
Verustruct
Sep 2025Led
$2 MSeed
Channing Street Copper Company
Aug 2025Participated
$28 MOther Equity
Brellium
Apr 2025Participated
$14 MSeries A
Infinite Machine
Oct 2024Participated
$9 MSeed
Nevoya
Oct 2024Participated
$3 MSeed
Plural
May 2024Led
$2 MSeed
Unlearn
Feb 2024Participated
$50 MSeries C
Unlearn.AI
Feb 2024Participated
$50 MSeries C
Magrathea
Jun 2023Participated
$10 MSeed
20
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Insights

Time horizon

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Deal Distribution

Necessary Ventures: 20 funding rounds are recorded in the selected participation categories.All available history.
Necessary Ventures: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed27
Series A03
Series C+03
Other Equity13
Debt01

Monthly Deal Activity

Necessary Ventures: 20 deals are recorded across 74 months.All available history.
Necessary Ventures: 20 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '212
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '222
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '242
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '242
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '262
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Necessary Ventures: Fintech is the largest displayed sector by deal count (7 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.

Necessary Ventures: Fintech is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Fintech7
Health & Life Sciences6
Transportation & Logistics5
Manufacturing5
Enterprise Software4
Clean Energy & Sustainability3
Consumer & Lifestyle3
E-Commerce & Retail2
Space & Frontier Tech2
Education & Workforce1
AR/VR1
Real Estate & Construction1
Data, Analytics & IT1
Networks, Cloud & Communication1
Hardware & Robotics1
AI & Machine Learning1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Necessary Ventures: 20 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.

Necessary Ventures: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M5
$10M-$25M4
$25M-$50M1
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Necessary Ventures: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Necessary Ventures: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Canada2
Necessary Ventures: 20 co-investors are shown, with Collaborative Fund sharing 5 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.

Necessary Ventures: 20 co-investors are shown, with Collaborative Fund sharing 5 recorded deals. All available history
Co-investorShared deals
Collaborative Fund5
Talis Capital3
Altimeter Capital2
Andreessen Horowitz2
Climactic2
Climate Capital2
Epic Ventures2
H&M Group2
Mana Ventures2
Menlo Ventures2
Mubadala Capital2
Radical Ventures2
Tin Shed Ventures2
Virtue2
Wittington Ventures2
AAF1
Able Partners1
Adjacent1
AirAngels1
Animal Capital1

Investment Strategy

Necessary Ventures: Led accounts for 15% and participating for 85% of round participation.All available history.
Necessary Ventures: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led315%
Participating1785%
Necessary Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Necessary Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Neil Devani

Founder and Managing Partner