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The Venture Codex

Overview

Alternative investment manager specializing in mining capital solutions.

Founded

2004

Deals · 12mo

4

Stage focus

Seed
Series B

Geographic focus

Australia
Canada
Chile
United States

Sector focus

Finance

Investment portfolio

14rounds
NAMEDATESIZE
LoopX
Aug 2026Led
$4 MSeed
Emesent
Jul 2026Participated
$17 MOther Equity
Thea Energy
May 2026Participated
$100 MSeries B
Zanskar
Jan 2026Participated
$115 MSeries C
Alta Resource
May 2025Participated
$4 MSeed
VerAI Discoveries
Feb 2025Participated
$24 MSeries B
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
Alta Resource
Jan 2025Participated
$6 MSeed
SiTration
Jun 2024Participated
$12 MSeed
Thea Energy
Feb 2024Participated
$20 MSeries A
Ceibo
Jun 2023Participated
$30 MSeries B
VerAI Discoveries
Mar 2023Participated
$12 MSeries A
LoopX
Aug 2026Led
$4 MSeed
Emesent
Jul 2026Participated
$17 MOther Equity
Thea Energy
May 2026Participated
$100 MSeries B
Zanskar
Jan 2026Participated
$115 MSeries C
Alta Resource
May 2025Participated
$4 MSeed
VerAI Discoveries
Feb 2025Participated
$24 MSeries B
Mangrove Lithium
Jan 2025Participated
$35 MOther Equity
Alta Resource
Jan 2025Participated
$6 MSeed
SiTration
Jun 2024Participated
$12 MSeed
Thea Energy
Feb 2024Participated
$20 MSeries A
Ceibo
Jun 2023Participated
$30 MSeries B
VerAI Discoveries
Mar 2023Participated
$12 MSeries A
14
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Insights

Time horizon

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Deal Distribution

Orion Industrial Ventures: 14 funding rounds are recorded in the selected participation categories.All available history.
Orion Industrial Ventures: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed13
Series A02
Series B13
Series C+01
Other Equity12

Monthly Deal Activity

Orion Industrial Ventures: 14 deals are recorded across 113 months.All available history.
Orion Industrial Ventures: 14 deals are recorded across 113 months. All available history
MonthDeals
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
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 '231
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '251
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Orion Industrial Ventures: Clean Energy & Sustainability is the largest displayed sector by deal count (12 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.

Orion Industrial Ventures: Clean Energy & Sustainability is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Clean Energy & Sustainability12
AI & Machine Learning5
Space & Frontier Tech4
Hardware & Robotics2
Enterprise Software2
Fintech2
Manufacturing2
Transportation & Logistics2
Consumer & Lifestyle1
Networks, Cloud & Communication1
Data, Analytics & IT1

Deal Size Distribution

Orion Industrial Ventures: 14 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.

Orion Industrial Ventures: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M1
$10M-$25M5
$25M-$50M4
$50M-$100M0
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Orion Industrial Ventures: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

Orion Industrial Ventures: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Canada3
Australia1
Chile1
Orion Industrial Ventures: 20 co-investors are shown, with Lowercarbon Capital sharing 3 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.

Investment Strategy

Orion Industrial Ventures: Led accounts for 21% and participating for 79% of round participation.All available history.
Orion Industrial Ventures: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led321%
Participating1179%
Orion Industrial Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Orion Industrial Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Joseph Spiciarich

Chief Executive Officer

Limor Nissan

Chief Operating Officer & General Counsel

Oskar Lewnowski

Founder & Chief Investment Officer

Peter Rozenauers

Managing Partner & Portfolio Manager