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The Venture Codex

Overview

Early-stage venture firm focused on B2B AI companies.

Deals ยท 12mo

2

Stage focus

Seed

Geographic focus

United Kingdom
United States

Sector focus

Artificial Intelligence (AI)
B2B
SaaS

Investment portfolio

2rounds
NAMEDATESIZE
Crimson
May 2026Participated
$3 MSeed
Leadbay
May 2026Participated
$4 MSeed
Crimson
May 2026Participated
$3 MSeed
Leadbay
May 2026Participated
$4 MSeed
2
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Insights

Time horizon

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Deal Distribution

Progressive VC: 2 funding rounds are recorded in the selected participation categories.All available history.
Progressive VC: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02

Monthly Deal Activity

Progressive VC: 2 deals are recorded across 6 months.All available history.
Progressive VC: 2 deals are recorded across 6 months. All available history
MonthDeals
May '262
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Progressive VC: Networks, Cloud & Communication is the largest displayed sector by deal count (1 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.

Progressive VC: Networks, Cloud & Communication is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Networks, Cloud & Communication1
Marketing & Advertising1
Enterprise Software1
AI & Machine Learning1
Professional Services1

Deal Size Distribution

Progressive VC: 2 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.

Progressive VC: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Progressive VC: United States has the largest recorded deal count among the displayed regions (1 deals).All available history.

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

Progressive VC: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Europe1
Progressive VC: 12 co-investors are shown, with Y Combinator 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.

Progressive VC: 12 co-investors are shown, with Y Combinator sharing 2 recorded deals. All available history
Co-investorShared deals
Y Combinator2
Acquisition.com1
Amino Capital1
Bright Data Ventures1
Eight Capital1
Inovexus1
Rebel Fund1
Roosh Ventures1
Scale Asia Ventures1
Station F1
Symphony Ventures1
Twenty Two Ventures1

Investment Strategy

Progressive VC: Led accounts for 0% and participating for 100% of round participation.All available history.
Progressive VC: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
Progressive VC: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Progressive VC: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Mala Ramakrishnan

Managing Partner

Raymond Lee

General Partner