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The Venture Codex

Overview

Venture capital firm supporting high-growth startups in Northern England.

Deals · 12mo

22

Stage focus

Seed

Geographic focus

United Kingdom
United States

Sector focus

—

Investment portfolio

22rounds
NAMEDATESIZE
Revnu
Oct 2026Led
$3 MSeed
Inovus Medical
Sep 2026Led
$20 MOther Equity
CSignum
Sep 2026Participated
$3 MOther Equity
MicroLub
Sep 2026Participated
$10 MOther Equity
iGii
Sep 2026Participated
$16 MSeries B
SCI Semiconductor
Sep 2026Led
$7 MOther Equity
Cytix
Aug 2026Participated
$7 MSeries A
Advanced Electric Machines
Aug 2026Led
$22 MOther Equity
BidScript
Jul 2026Led
$0.80 MSeed
VASO Global
Jun 2026Led
$6 MDebt
Rightbrain AI
May 2026Led
$4 MOther Equity
Imperagen
May 2026Led
$7 MSeed
Revnu
Oct 2026Led
$3 MSeed
Inovus Medical
Sep 2026Led
$20 MOther Equity
CSignum
Sep 2026Participated
$3 MOther Equity
MicroLub
Sep 2026Participated
$10 MOther Equity
iGii
Sep 2026Participated
$16 MSeries B
SCI Semiconductor
Sep 2026Led
$7 MOther Equity
Cytix
Aug 2026Participated
$7 MSeries A
Advanced Electric Machines
Aug 2026Led
$22 MOther Equity
BidScript
Jul 2026Led
$0.80 MSeed
VASO Global
Jun 2026Led
$6 MDebt
Rightbrain AI
May 2026Led
$4 MOther Equity
Imperagen
May 2026Led
$7 MSeed
22
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Insights

Time horizon

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Deal Distribution

PXN Ventures: 22 funding rounds are recorded in the selected participation categories.All available history.
PXN Ventures: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed71
Series A01
Series B01
Other Equity83
Debt10

Monthly Deal Activity

PXN Ventures: 22 deals are recorded across 11 months.All available history.
PXN Ventures: 22 deals are recorded across 11 months. All available history
MonthDeals
Dec '255
Jan '261
Feb '262
Mar '261
Apr '261
May '262
Jun '261
Jul '261
Aug '262
Sep '265
Oct '261

Sector Breakdown

PXN Ventures: AI & Machine Learning is the largest displayed sector by deal count (7 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.

PXN Ventures: AI & Machine Learning is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
AI & Machine Learning7
Enterprise Software5
Manufacturing5
Hardware & Robotics4
Health & Life Sciences4
Professional Services4
Real Estate & Construction3
Space & Frontier Tech3
Transportation & Logistics3
Networks, Cloud & Communication3
Cybersecurity & Privacy2
E-Commerce & Retail2
Consumer & Lifestyle2
Food & Agriculture2
Developer Tools2
Education & Workforce1
Clean Energy & Sustainability1
Data, Analytics & IT1
Marketing & Advertising1
Fintech1
Media & Entertainment1

Deal Size Distribution

PXN Ventures: 22 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.

PXN Ventures: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M6
$10M-$25M4
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

PXN Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals).All available history.

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

PXN Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
Europe18
United States3
New Zealand1
PXN Ventures: 20 co-investors are shown, with Scottish Enterprise sharing 6 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

PXN Ventures: Led accounts for 73% and participating for 27% of round participation.All available history.
PXN Ventures: Led accounts for 73% and participating for 27% of round participation. All available history
CategoryDeals (count)Share (%)
Led1673%
Participating627%
PXN Ventures: Single-lead accounts for 69% and co-led for 31% of lead dynamics.All available history.
PXN Ventures: Single-lead accounts for 69% and co-led for 31% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1169%
Co-led531%

Team

Aidan MacMillan

Investment Manager

Andy Barrow

Managing Director of Ventures

Claire Cramm

Investment Analyst

Louise Chapman

Investment Director

Paul Munn

Partner

Peter Carway

Investment Director

Sim Singh Landa

Investment Manager

Tom Croy

Investment Manager