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The Venture Codex

Overview

Venture capital arm investing in innovative financial technology solutions.

Founded

2023

Deals · 12mo

9

Stage focus

Series A
Series B

Geographic focus

Germany
India
United Kingdom
United States

Sector focus

Asset Management
Business Development
Financial Services
FinTech
...

Investment portfolio

114rounds
NAMEDATESIZE
Atum
Sep 2026Participated
$14 MSeed
Forage
Jun 2026Participated
$40 MSeries B
Cart.com
Mar 2026Participated
$180 MOther Equity
Xflow
Feb 2026Participated
$17 MSeries A
EFEX
Feb 2026Led
$8 MSeed
Pinch AI
Jan 2026Participated
$5 MSeed
Klearly
Jan 2026Led
$14 MSeries A
MintOak Innovations
Dec 2025Led
$6 MSeries A
Kite
Oct 2025Led
$33 MSeries A
Finary
Sep 2025Led
$29 MSeries B
UME Financial Services
Sep 2025Participated
$22 MSeries B
Kite
Sep 2025Led
$18 MSeries A
Atum
Sep 2026Participated
$14 MSeed
Forage
Jun 2026Participated
$40 MSeries B
Cart.com
Mar 2026Participated
$180 MOther Equity
Xflow
Feb 2026Participated
$17 MSeries A
EFEX
Feb 2026Led
$8 MSeed
Pinch AI
Jan 2026Participated
$5 MSeed
Klearly
Jan 2026Led
$14 MSeries A
MintOak Innovations
Dec 2025Led
$6 MSeries A
Kite
Oct 2025Led
$33 MSeries A
Finary
Sep 2025Led
$29 MSeries B
UME Financial Services
Sep 2025Participated
$22 MSeries B
Kite
Sep 2025Led
$18 MSeries A
114
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

PayPal Ventures: 114 funding rounds are recorded in the selected participation categories.All available history.
PayPal Ventures: 114 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed45
Series A913
Series B626
Series C+321
Other Equity915
Debt21

Monthly Deal Activity

PayPal Ventures: 114 deals are recorded across 196 months.All available history.
PayPal Ventures: 114 deals are recorded across 196 months. All available history
MonthDeals
Jul '101
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '131
Aug '130
Sep '130
Oct '130
Nov '130
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '151
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '161
May '160
Jun '160
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '172
Aug '170
Sep '171
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '181
May '182
Jun '180
Jul '182
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '191
Apr '191
May '190
Jun '191
Jul '190
Aug '191
Sep '190
Oct '191
Nov '191
Dec '190
Jan '200
Feb '200
Mar '201
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '202
Dec '202
Jan '211
Feb '210
Mar '211
Apr '211
May '213
Jun '211
Jul '213
Aug '211
Sep '211
Oct '210
Nov '212
Dec '213
Jan '220
Feb '222
Mar '221
Apr '222
May '225
Jun '221
Jul '220
Aug '222
Sep '220
Oct '221
Nov '222
Dec '220
Jan '231
Feb '233
Mar '230
Apr '231
May '231
Jun '232
Jul '230
Aug '230
Sep '230
Oct '232
Nov '230
Dec '231
Jan '242
Feb '242
Mar '243
Apr '242
May '241
Jun '241
Jul '240
Aug '241
Sep '242
Oct '240
Nov '241
Dec '241
Jan '251
Feb '251
Mar '251
Apr '252
May '252
Jun '250
Jul '250
Aug '251
Sep '253
Oct '251
Nov '250
Dec '251
Jan '262
Feb '262
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

PayPal Ventures: Fintech is the largest displayed sector by deal count (71 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.

PayPal Ventures: Fintech is the largest displayed sector by deal count (71 deals). All available history
SectorDeals
Fintech71
Enterprise Software29
Crypto & Blockchain23
E-Commerce & Retail20
Professional Services16
Data, Analytics & IT13
AI & Machine Learning13
Networks, Cloud & Communication12
Cybersecurity & Privacy10
Transportation & Logistics7
Developer Tools6
Consumer & Lifestyle5
Marketing & Advertising4
Health & Life Sciences3
Manufacturing2
Media & Entertainment2
Travel & Hospitality1
Clean Energy & Sustainability1
Food & Agriculture1

Deal Size Distribution

PayPal Ventures: 114 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.

PayPal Ventures: 114 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M7
$10M-$25M32
$25M-$50M26
$50M-$100M14
$100M-$250M21
$250M-$500M6
$500M-$1B0
$1B+0

Deals By Geography

PayPal Ventures: United States has the largest recorded deal count among the displayed regions (58 deals).All available history.

Top 10 of 19 regions; European countries are grouped as Europe.

PayPal Ventures: United States has the largest recorded deal count among the displayed regions (58 deals). All available history
RegionDeals
United States58
Europe23
India8
South Africa3
Brazil3
Egypt2
Australia2
Saudi Arabia2
Singapore2
Uruguay2
PayPal Ventures: 20 co-investors are shown, with Andreessen Horowitz 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

PayPal Ventures: Led accounts for 29% and participating for 71% of round participation.All available history.
PayPal Ventures: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led3329%
Participating8171%
PayPal Ventures: Single-lead accounts for 48% and co-led for 52% of lead dynamics.All available history.
PayPal Ventures: Single-lead accounts for 48% and co-led for 52% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1648%
Co-led1752%

Team

Alan Du

Founder

Ian Cox

Managing Partner