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The Venture Codex

Overview

Early-stage deep tech venture capital firm with scientific ties.

Founded

2018

Deals · 12mo

2

Stage focus

Seed
Series B

Geographic focus

Japan
Norway
United Kingdom
United States

Sector focus

—

Investment portfolio

6rounds
NAMEDATESIZE
Axiomatic AI
Mar 2026Participated
$18 MSeed
SiC Systems
Oct 2025Participated
$2 MOther Equity
KOALA Tech
Jan 2024Led
$2 MSeries B
Saga Robotics
Sep 2020Participated
$11 MOther Equity
Universal Quantum
Jun 2020Participated
$5 MSeed
Kebotix
Nov 2018Participated
$5 MSeed
Axiomatic AI
Mar 2026Participated
$18 MSeed
SiC Systems
Oct 2025Participated
$2 MOther Equity
KOALA Tech
Jan 2024Led
$2 MSeries B
Saga Robotics
Sep 2020Participated
$11 MOther Equity
Universal Quantum
Jun 2020Participated
$5 MSeed
Kebotix
Nov 2018Participated
$5 MSeed
6
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Propagator Ventures: 6 funding rounds are recorded in the selected participation categories.All available history.
Propagator Ventures: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed03
Series B10
Other Equity02

Monthly Deal Activity

Propagator Ventures: 6 deals are recorded across 96 months.All available history.
Propagator Ventures: 6 deals are recorded across 96 months. All available history
MonthDeals
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
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Mar '200
Apr '200
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Jun '201
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Sep '201
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Jan '210
Feb '210
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Apr '210
May '210
Jun '210
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Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
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Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
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Oct '251
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Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Propagator Ventures: Hardware & Robotics is the largest displayed sector by deal count (3 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.

Propagator Ventures: Hardware & Robotics is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Hardware & Robotics3
Manufacturing3
AI & Machine Learning3
Space & Frontier Tech2
Food & Agriculture1
Data, Analytics & IT1

Deal Size Distribution

Propagator Ventures: 6 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.

Propagator Ventures: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Propagator Ventures: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

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

Propagator Ventures: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
Europe2
Japan1
Propagator Ventures: 20 co-investors are shown, with 7percent Ventures sharing 1 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

Propagator Ventures: Led accounts for 17% and participating for 83% of round participation.All available history.
Propagator Ventures: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led117%
Participating583%
Propagator Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Propagator Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Anders Froeseth

Founding Partner and Co-Founder