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The Venture Codex

Pebblebed

1417 15th Street, San Francisco, CA, 94103, United States

Overview

Early-stage venture fund and learning community for technologists.

Founded

2022

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Germany
United Kingdom
United States

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
Build
Jun 2026Participated
$9 MSeed
Ulysses
Apr 2026Led
$46 MSeries A
Cognee
Feb 2026Led
$9 MOther Equity
Lemurian Labs
Dec 2025Led
$28 MSeries A
Anomaly Bio
Nov 2025Led
$3 MSeed
OpenMind
Aug 2025Participated
$20 MOther Equity
Adaptive Computer
Apr 2025Led
$7 MSeed
Northflank
Nov 2024Participated
$22 MSeries A
Dylibso
Mar 2023Participated
$7 MSeed
Select Star
Jan 2023Participated
$15 MSeries A
Gitpod
Nov 2022Participated
$25 MSeries A
Meliora Therapeutics
Sep 2022Participated
$11 MSeed
Build
Jun 2026Participated
$9 MSeed
Ulysses
Apr 2026Led
$46 MSeries A
Cognee
Feb 2026Led
$9 MOther Equity
Lemurian Labs
Dec 2025Led
$28 MSeries A
Anomaly Bio
Nov 2025Led
$3 MSeed
OpenMind
Aug 2025Participated
$20 MOther Equity
Adaptive Computer
Apr 2025Led
$7 MSeed
Northflank
Nov 2024Participated
$22 MSeries A
Dylibso
Mar 2023Participated
$7 MSeed
Select Star
Jan 2023Participated
$15 MSeries A
Gitpod
Nov 2022Participated
$25 MSeries A
Meliora Therapeutics
Sep 2022Participated
$11 MSeed
12
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Pebblebed: 12 funding rounds are recorded in the selected participation categories.All available history.
Pebblebed: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A23
Other Equity11

Monthly Deal Activity

Pebblebed: 12 deals are recorded across 50 months.All available history.
Pebblebed: 12 deals are recorded across 50 months. All available history
MonthDeals
Sep '221
Oct '220
Nov '221
Dec '220
Jan '231
Feb '230
Mar '231
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 '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '251
Dec '251
Jan '260
Feb '261
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Pebblebed: Enterprise Software is the largest displayed sector by deal count (6 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.

Pebblebed: Enterprise Software is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Enterprise Software6
AI & Machine Learning4
Developer Tools3
Manufacturing2
Health & Life Sciences2
Clean Energy & Sustainability2
Networks, Cloud & Communication1
Hardware & Robotics1
Data, Analytics & IT1
Real Estate & Construction1
Transportation & Logistics1

Deal Size Distribution

Pebblebed: 12 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.

Pebblebed: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M4
$10M-$25M4
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Pebblebed: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Pebblebed: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Europe3
Singapore1
Pebblebed: 20 co-investors are shown, with Uncorrelated 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.

Pebblebed: 20 co-investors are shown, with Uncorrelated Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
Uncorrelated Ventures2
Vertex Ventures US2
1Flourish Capital1
42CAP1
Andreessen Horowitz1
Animal Capital1
Anti Fund VC1
Axial1
Bain Capital Ventures1
Blackhorn Ventures1
Boldstart Ventures1
Bowery Capital1
BrightEdge1
Coinbase Ventures1
Conviction1
Crane Venture Partners1
Crew Capital1
Felicis Ventures1
General Catalyst1
GTMfund1

Investment Strategy

Pebblebed: Led accounts for 42% and participating for 58% of round participation.All available history.
Pebblebed: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led542%
Participating758%
Pebblebed: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
Pebblebed: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Keith Adams

Partner

Luke Byrne

Founder

Pamela Vagata

General Partner