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The Venture Codex

Overview

Invests in data-centric startups in health-tech and enterprise software.

Deals · 12mo

1

Stage focus

—

Geographic focus

Canada
United States

Sector focus

—

Investment portfolio

8rounds
NAMEDATESIZE
InsideDesk
Jul 2026Led
$13 MOther Equity
veritree
May 2025Led
$7 MSeries A
Catio
Mar 2025Participated
$3 MOther Equity
Traction Complete
Jan 2023Led
$5 MOther Equity
DistillerSR
Aug 2022Participated
$20 MOther Equity
Spark
Jul 2021Led
$6 MOther Equity
Swift Medical
Jul 2021Participated
$35 MSeries B
Librestream Technologies
Jun 2020Participated
$24 MSeries D
InsideDesk
Jul 2026Led
$13 MOther Equity
veritree
May 2025Led
$7 MSeries A
Catio
Mar 2025Participated
$3 MOther Equity
Traction Complete
Jan 2023Led
$5 MOther Equity
DistillerSR
Aug 2022Participated
$20 MOther Equity
Spark
Jul 2021Led
$6 MOther Equity
Swift Medical
Jul 2021Participated
$35 MSeries B
Librestream Technologies
Jun 2020Participated
$24 MSeries D
8
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Insights

Time horizon

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Deal Distribution

Pender Ventures: 8 funding rounds are recorded in the selected participation categories.All available history.
Pender Ventures: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B01
Series C+01
Other Equity32

Monthly Deal Activity

Pender Ventures: 8 deals are recorded across 77 months.All available history.
Pender Ventures: 8 deals are recorded across 77 months. All available history
MonthDeals
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '212
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 '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
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 '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Pender Ventures: Enterprise Software is the largest displayed sector by deal count (4 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.

Pender Ventures: Enterprise Software is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Enterprise Software4
Networks, Cloud & Communication3
Marketing & Advertising2
Health & Life Sciences2
Professional Services2
Fintech1
Media & Entertainment1
Food & Agriculture1
AI & Machine Learning1
AR/VR1
Clean Energy & Sustainability1
Real Estate & Construction1

Deal Size Distribution

Pender Ventures: 8 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.

Pender Ventures: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M3
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Pender Ventures: Canada has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Pender Ventures: Canada has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Canada7
United States1
Pender Ventures: 20 co-investors are shown, with BDC 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

Pender Ventures: Led accounts for 50% and participating for 50% of round participation.All available history.
Pender Ventures: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led450%
Participating450%
Pender Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Pender Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead250%
Co-led250%

Team

Maria Pacella, CFA

Managing Partner, Pender Ventures

Meryeme Lahmami

Investment manager