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The Venture Codex

Overview

Investment firm focused on high-potential technology companies.

Founded

2017

Deals · 12mo

0

Stage focus

Seed

Geographic focus

Canada
Latvia
Lithuania
The Netherlands
...

Sector focus

—

Investment portfolio

15rounds
NAMEDATESIZE
PIXEVIA
May 2024Participated
$2 MOther Equity
Frontu (formerly Tasker)
Oct 2021Participated
$2 MSeed
Billo
Oct 2021Led
$2 MSeed
Whatagraph
Sep 2021Participated
$7 MSeries A
Smart Vision
Jul 2021Led
$0.71 MOther Equity
Billo
Feb 2021Participated
$1 MOther Equity
Monimoto
Jan 2021Led
$0.49 MOther Equity
Attention Insight
Jan 2021Participated
$0.34 MOther Equity
Eddy Travels
Apr 2020Participated
$1 MSeed
Whatagraph
Jan 2020Led
$0.94 MSeed
Attention Insight
Jun 2019Participated
$217 MOther Equity
Tasker
May 2019Led
$0.34 MOther Equity
PIXEVIA
May 2024Participated
$2 MOther Equity
Frontu (formerly Tasker)
Oct 2021Participated
$2 MSeed
Billo
Oct 2021Led
$2 MSeed
Whatagraph
Sep 2021Participated
$7 MSeries A
Smart Vision
Jul 2021Led
$0.71 MOther Equity
Billo
Feb 2021Participated
$1 MOther Equity
Monimoto
Jan 2021Led
$0.49 MOther Equity
Attention Insight
Jan 2021Participated
$0.34 MOther Equity
Eddy Travels
Apr 2020Participated
$1 MSeed
Whatagraph
Jan 2020Led
$0.94 MSeed
Attention Insight
Jun 2019Participated
$217 MOther Equity
Tasker
May 2019Led
$0.34 MOther Equity
15
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Insights

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Deal Distribution

Open Circle Capital: 15 funding rounds are recorded in the selected participation categories.All available history.
Open Circle Capital: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22
Series A01
Other Equity55

Monthly Deal Activity

Open Circle Capital: 15 deals are recorded across 100 months.All available history.
Open Circle Capital: 15 deals are recorded across 100 months. All available history
MonthDeals
Jul '181
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '191
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '212
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '211
Oct '212
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
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 '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Open Circle Capital: Enterprise Software is the largest displayed sector by deal count (8 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.

Open Circle Capital: Enterprise Software is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Enterprise Software8
Marketing & Advertising7
AI & Machine Learning6
E-Commerce & Retail5
Data, Analytics & IT5
Networks, Cloud & Communication3
Real Estate & Construction2
Hardware & Robotics2
Developer Tools2
Travel & Hospitality1
Cybersecurity & Privacy1
Consumer & Lifestyle1
Manufacturing1
Food & Agriculture1
Gaming & eSports1

Deal Size Distribution

Open Circle Capital: 15 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.

Open Circle Capital: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Open Circle Capital: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Open Circle Capital: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
United States3
079321
Canada1
Open Circle Capital: 14 co-investors are shown, with 70 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.

Open Circle Capital: 14 co-investors are shown, with 70 Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
70 Ventures2
Coinvest Capital2
Inventure2
Iron Wolf Capital2
iTo2
Practica Capital2
Blue Bridge Baltic1
LitCapital1
Lithuanian Business Angels Network1
LT Capital1
Movens Capital1
Omni Commerce Ventures1
SOSV1
Techstars Toronto1

Investment Strategy

Open Circle Capital: Led accounts for 47% and participating for 53% of round participation.All available history.
Open Circle Capital: Led accounts for 47% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led747%
Participating853%
Open Circle Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
Open Circle Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Audrius Milukas

Founder and CEO