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The Venture Codex

Overview

Venture capital firm specializing in pre-seed and seed-stage investments.

Founded

2017

Deals · 12mo

11

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Artificial Intelligence (AI)
Consumer Lending
Financial Services
FinTech
...

Investment portfolio

81rounds
NAMEDATESIZE
Daedal Systems
Sep 2026Participated
$4 MSeed
Biossil
Sep 2026Participated
$153 MOther Equity
Nord Quantique
May 2026Participated
$30 MOther Equity
Ranger AI
May 2026Participated
$8 MSeed
InstaSwitch
May 2026Participated
$5 MSeed
Featherless.ai
Apr 2026Participated
$20 MSeries A
Soma Energy
Apr 2026Participated
$7 MSeed
Canada Rocket Company
Jan 2026Participated
$6 MSeed
The Intelligent Search Company
Nov 2025Participated
$2 MSeed
Parable
Nov 2025Participated
$17 MSeed
Cybrid
Oct 2025Participated
$10 MSeries A
Asepha
Jul 2025Participated
$4 MSeed
Daedal Systems
Sep 2026Participated
$4 MSeed
Biossil
Sep 2026Participated
$153 MOther Equity
Nord Quantique
May 2026Participated
$30 MOther Equity
Ranger AI
May 2026Participated
$8 MSeed
InstaSwitch
May 2026Participated
$5 MSeed
Featherless.ai
Apr 2026Participated
$20 MSeries A
Soma Energy
Apr 2026Participated
$7 MSeed
Canada Rocket Company
Jan 2026Participated
$6 MSeed
The Intelligent Search Company
Nov 2025Participated
$2 MSeed
Parable
Nov 2025Participated
$17 MSeed
Cybrid
Oct 2025Participated
$10 MSeries A
Asepha
Jul 2025Participated
$4 MSeed
81
Items
...
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Insights

Time horizon

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Deal Distribution

Panache Ventures: 81 funding rounds are recorded in the selected participation categories.All available history.
Panache Ventures: 81 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1035
Series A017
Series B01
Other Equity117

Monthly Deal Activity

Panache Ventures: 81 deals are recorded across 102 months.All available history.
Panache Ventures: 81 deals are recorded across 102 months. All available history
MonthDeals
May '181
Jun '180
Jul '182
Aug '182
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '191
Mar '190
Apr '192
May '191
Jun '192
Jul '191
Aug '190
Sep '191
Oct '193
Nov '191
Dec '191
Jan '200
Feb '200
Mar '200
Apr '201
May '202
Jun '202
Jul '202
Aug '202
Sep '201
Oct '200
Nov '200
Dec '201
Jan '212
Feb '212
Mar '212
Apr '210
May '213
Jun '210
Jul '210
Aug '210
Sep '213
Oct '213
Nov '212
Dec '210
Jan '222
Feb '221
Mar '221
Apr '221
May '221
Jun '221
Jul '221
Aug '220
Sep '220
Oct '223
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '232
Jul '232
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '243
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '251
Nov '252
Dec '250
Jan '261
Feb '260
Mar '260
Apr '262
May '263
Jun '260
Jul '260
Aug '260
Sep '262
Oct '260

Sector Breakdown

Panache Ventures: Enterprise Software is the largest displayed sector by deal count (36 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.

Panache Ventures: Enterprise Software is the largest displayed sector by deal count (36 deals). All available history
SectorDeals
Enterprise Software36
AI & Machine Learning24
Data, Analytics & IT16
Fintech13
Health & Life Sciences13
Networks, Cloud & Communication12
E-Commerce & Retail8
Real Estate & Construction8
Professional Services7
Social & Community Platforms7
Developer Tools7
Transportation & Logistics6
Education & Workforce5
Clean Energy & Sustainability5
Space & Frontier Tech5
Hardware & Robotics5
Consumer & Lifestyle4
Marketing & Advertising4
Manufacturing4
Media & Entertainment4
Cybersecurity & Privacy2
Food & Agriculture2
Travel & Hospitality1
Government & Defense1
Crypto & Blockchain1

Deal Size Distribution

Panache Ventures: 81 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.

Panache Ventures: 81 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M46
$5M-$10M12
$10M-$25M19
$25M-$50M1
$50M-$100M0
$100M-$250M3
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Panache Ventures: Canada has the largest recorded deal count among the displayed regions (64 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Panache Ventures: Canada has the largest recorded deal count among the displayed regions (64 deals). All available history
RegionDeals
Canada64
United States14
941031
Israel1
Europe1
Panache Ventures: 20 co-investors are shown, with Luge Capital sharing 8 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

Panache Ventures: Led accounts for 14% and participating for 86% of round participation.All available history.
Panache Ventures: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led1114%
Participating7086%
Panache Ventures: Single-lead accounts for 55% and co-led for 45% of lead dynamics.All available history.
Panache Ventures: Single-lead accounts for 55% and co-led for 45% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead655%
Co-led545%

Team