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The Venture Codex

Overview

Private equity firm investing in North Asian privately owned firms.

Founded

2011

Deals · 12mo

1

Stage focus

Series A
Series B
Series C

Geographic focus

Indonesia
Japan
Singapore
South Korea
...

Sector focus

—

Investment portfolio

59rounds
NAMEDATESIZE
Genspark AI
Nov 2025Participated
$275 MSeries B
Daloopa
Jul 2025Led
$13 MOther Equity
Eclypsium
Jan 2025Participated
$45 MSeries C
Netradyne
Jan 2025Participated
$90 MSeries D
Asuene
Aug 2024Participated
$5 MSeries C
Lhoopa
Jul 2024Participated
$80 MDebt
EcoSpirits
May 2023Participated
$10 MSeries A
Accredify
Apr 2023Participated
$7 MSeries A
Flare Therapeutics
Mar 2023Participated
$123 MSeries B
Vow
Nov 2022Participated
$49 MSeries A
LevitasBio
Nov 2022Participated
$35 MSeries C
Starfire Energy
Nov 2022Participated
$24 MSeries B
Genspark AI
Nov 2025Participated
$275 MSeries B
Daloopa
Jul 2025Led
$13 MOther Equity
Eclypsium
Jan 2025Participated
$45 MSeries C
Netradyne
Jan 2025Participated
$90 MSeries D
Asuene
Aug 2024Participated
$5 MSeries C
Lhoopa
Jul 2024Participated
$80 MDebt
EcoSpirits
May 2023Participated
$10 MSeries A
Accredify
Apr 2023Participated
$7 MSeries A
Flare Therapeutics
Mar 2023Participated
$123 MSeries B
Vow
Nov 2022Participated
$49 MSeries A
LevitasBio
Nov 2022Participated
$35 MSeries C
Starfire Energy
Nov 2022Participated
$24 MSeries B
59
Items
...
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Insights

Time horizon

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Deal Distribution

Pavilion Capital: 59 funding rounds are recorded in the selected participation categories.All available history.
Pavilion Capital: 59 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A18
Series B115
Series C+220
Other Equity46
Debt01

Monthly Deal Activity

Pavilion Capital: 59 deals are recorded across 146 months.All available history.
Pavilion Capital: 59 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '161
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '181
Jan '191
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '193
Oct '191
Nov '191
Dec '190
Jan '201
Feb '201
Mar '200
Apr '201
May '200
Jun '201
Jul '200
Aug '200
Sep '201
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '213
Jun '211
Jul '211
Aug '211
Sep '213
Oct '211
Nov '212
Dec '211
Jan '220
Feb '221
Mar '220
Apr '223
May '221
Jun '223
Jul '221
Aug '222
Sep '220
Oct '222
Nov '223
Dec '220
Jan '230
Feb '230
Mar '231
Apr '231
May '231
Jun '230
Jul '230
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 '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
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

Pavilion Capital: Health & Life Sciences is the largest displayed sector by deal count (24 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.

Pavilion Capital: Health & Life Sciences is the largest displayed sector by deal count (24 deals). All available history
SectorDeals
Health & Life Sciences24
AI & Machine Learning17
Data, Analytics & IT12
Networks, Cloud & Communication12
Enterprise Software10
Clean Energy & Sustainability9
E-Commerce & Retail7
Fintech7
Space & Frontier Tech5
Food & Agriculture5
Professional Services5
Cybersecurity & Privacy4
Transportation & Logistics4
Consumer & Lifestyle4
Hardware & Robotics4
Manufacturing4
Marketing & Advertising3
Real Estate & Construction2
Social & Community Platforms2
Travel & Hospitality1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Pavilion Capital: 59 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.

Pavilion Capital: 59 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M4
$10M-$25M13
$25M-$50M17
$50M-$100M9
$100M-$250M10
$250M-$500M6
$500M-$1B0
$1B+0

Deals By Geography

Pavilion Capital: United States has the largest recorded deal count among the displayed regions (27 deals).All available history.

Top 10 of 13 regions; European countries are grouped as Europe.

Pavilion Capital: United States has the largest recorded deal count among the displayed regions (27 deals). All available history
RegionDeals
United States27
Singapore8
Indonesia5
South Korea5
Japan3
Europe3
Israel2
China1
India1
Philippines1
Pavilion Capital: 20 co-investors are shown, with EDBI sharing 6 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

Pavilion Capital: Led accounts for 14% and participating for 86% of round participation.All available history.
Pavilion Capital: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led814%
Participating5186%
Pavilion Capital: Single-lead accounts for 38% and co-led for 63% of lead dynamics.All available history.
Pavilion Capital: Single-lead accounts for 38% and co-led for 63% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead338%
Co-led563%

Team

Danny Wong

Head of North Asia

Timothy Low

Healthcare Investment Consultant