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The Venture Codex

Overview

Investment firm.

Deals · 12mo

1

Stage focus

Seed

Geographic focus

United States

Sector focus

—

Investment portfolio

1rounds
NAMEDATESIZE
Thermopylae
Nov 2025Participated
$2 MSeed
Thermopylae
Nov 2025Participated
$2 MSeed
1
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

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

Monthly Deal Activity

Norgard Capital: 1 deals are recorded across 12 months.All available history.
Norgard Capital: 1 deals are recorded across 12 months. All available history
MonthDeals
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Norgard Capital: Hardware & Robotics 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.

Norgard Capital: Hardware & Robotics is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Hardware & Robotics1
Government & Defense1
Space & Frontier Tech1

Deal Size Distribution

Norgard Capital: 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.

Norgard Capital: 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

Norgard Capital: United States 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.

Norgard Capital: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Norgard Capital: 1 co-investor is shown, with UA1 VC 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.

Norgard Capital: 1 co-investor is shown, with UA1 VC sharing 1 recorded deals. All available history
Co-investorShared deals
UA1 VC1

Investment Strategy

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

No team members found for this fund.