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The Venture Codex

PJC

4 Liberty Square, 4th Floor, Boston, Massachusetts, 02109, United States

Overview

Early-stage venture capital firm investing in innovative entrepreneurs.

Founded

2001

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Artificial Intelligence (AI)
Consumer
Enterprise
FinTech
...

Investment portfolio

82rounds
NAMEDATESIZE
Ruli
Nov 2025Participated
$6 MSeed
Acelab
Oct 2025Participated
$14 MSeries A
Cohora
Sep 2024Led
$3 MSeed
AceUp, Inc.
Sep 2024Led
$23 MSeries A
Ruli
Jun 2024Participated
$2 MSeed
FINDMINE
Apr 2024Participated
$9 MSeries A
Grapevine
Aug 2023Led
$2 MSeed
Acelab
Aug 2023Led
$5 MOther Equity
Diligent Pharma
May 2023Participated
$8 MSeries A
Openly
Jun 2022Participated
$75 MSeries C
Synthesis AI
Apr 2022Participated
$17 MSeries A
Thunkable
Apr 2022Participated
$30 MSeries B
Ruli
Nov 2025Participated
$6 MSeed
Acelab
Oct 2025Participated
$14 MSeries A
Cohora
Sep 2024Led
$3 MSeed
AceUp, Inc.
Sep 2024Led
$23 MSeries A
Ruli
Jun 2024Participated
$2 MSeed
FINDMINE
Apr 2024Participated
$9 MSeries A
Grapevine
Aug 2023Led
$2 MSeed
Acelab
Aug 2023Led
$5 MOther Equity
Diligent Pharma
May 2023Participated
$8 MSeries A
Openly
Jun 2022Participated
$75 MSeries C
Synthesis AI
Apr 2022Participated
$17 MSeries A
Thunkable
Apr 2022Participated
$30 MSeries B
82
Items
...
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Insights

Time horizon

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Deal Distribution

PJC: 82 funding rounds are recorded in the selected participation categories.All available history.
PJC: 82 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed911
Series A1015
Series B310
Series C+05
Other Equity514

Monthly Deal Activity

PJC: 82 deals are recorded across 223 months.All available history.
PJC: 82 deals are recorded across 223 months. All available history
MonthDeals
Apr '081
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '102
Mar '100
Apr '100
May '100
Jun '100
Jul '101
Aug '100
Sep '100
Oct '101
Nov '100
Dec '101
Jan '110
Feb '112
Mar '110
Apr '111
May '111
Jun '110
Jul '110
Aug '111
Sep '111
Oct '110
Nov '111
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '121
Nov '120
Dec '120
Jan '131
Feb '130
Mar '131
Apr '131
May '130
Jun '130
Jul '130
Aug '131
Sep '130
Oct '130
Nov '133
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '142
Jun '143
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '152
Dec '150
Jan '162
Feb '160
Mar '160
Apr '160
May '162
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '162
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '171
Jul '170
Aug '171
Sep '171
Oct '172
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '181
Jul '181
Aug '180
Sep '180
Oct '181
Nov '181
Dec '180
Jan '190
Feb '192
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '191
Sep '191
Oct '191
Nov '191
Dec '191
Jan '200
Feb '201
Mar '200
Apr '201
May '200
Jun '201
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '211
Apr '212
May '210
Jun '211
Jul '211
Aug '211
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '221
Mar '221
Apr '222
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '232
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '242
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
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

PJC: Health & Life Sciences is the largest displayed sector by deal count (19 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.

PJC: Health & Life Sciences is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Health & Life Sciences19
AI & Machine Learning17
Enterprise Software16
Networks, Cloud & Communication14
Fintech14
E-Commerce & Retail13
Data, Analytics & IT12
Marketing & Advertising10
Consumer & Lifestyle8
Hardware & Robotics6
Clean Energy & Sustainability5
Real Estate & Construction5
Media & Entertainment5
Professional Services4
Developer Tools4
Education & Workforce3
AR/VR3
Crypto & Blockchain3
Cybersecurity & Privacy2
Space & Frontier Tech2
Manufacturing2
Social & Community Platforms2
Travel & Hospitality1
Government & Defense1

Deal Size Distribution

PJC: 82 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.

PJC: 82 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M34
$5M-$10M22
$10M-$25M19
$25M-$50M4
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

PJC: United States has the largest recorded deal count among the displayed regions (79 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

PJC: United States has the largest recorded deal count among the displayed regions (79 deals). All available history
RegionDeals
United States79
Europe1
Canada1
7000081
PJC: 20 co-investors are shown, with Y Combinator sharing 9 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.

PJC: 20 co-investors are shown, with Y Combinator sharing 9 recorded deals. All available history
Co-investorShared deals
Y Combinator9
Liquid 2 Ventures5
Data Point Capital4
SV Angel4
Techstars4
Aspect Ventures3
Baird Capital3
Converge3
G20 Ventures3
General Catalyst3
Good Energies3
Gradient Ventures3
Max Ventures3
New Enterprise Associates3
Pillar VC3
Apex Venture Partners2
Arrowroot Capital2
Ascent Venture Partners2
Bain Capital Ventures2
Bee Partners2

Investment Strategy

PJC: Led accounts for 33% and participating for 67% of round participation.All available history.
PJC: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led2733%
Participating5567%
PJC: Single-lead accounts for 44% and co-led for 56% of lead dynamics.All available history.
PJC: Single-lead accounts for 44% and co-led for 56% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1244%
Co-led1556%

Team

Arun Saigal

Venture Partner

David Martirano

Co-Founder & Managing Partner

Gaurav Bhogale

Vice President

Kathleen Keegan

Associate

Marissa Milbury

Vice President

Matthew Hayes

General Partner

Rob May

Venture Partner

Todd Earwood

Operating Partner