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The Venture Codex

Overview

Early-stage venture fund focused on infrastructure in Web2 and Web3.

Founded

2019

Deals ยท 12mo

5

Stage focus

Seed

Geographic focus

South Korea
United States

Sector focus

Blockchain
Cloud Infrastructure
Enterprise Software
Finance
...

Investment portfolio

36rounds
NAMEDATESIZE
VisionLab
Sep 2026Led
$6 MSeed
Datahive AI
Aug 2026Participated
$4 MSeed
SkyPilot
Jul 2026Participated
$20 MSeed
Architect Labs
Jun 2026Participated
$24 MSeed
Opaque Systems
Feb 2026Participated
$24 MSeries B
AirMDR
Jul 2025Led
$16 MSeed
Unbound
Jun 2025Led
$4 MSeed
Openlayer
May 2025Led
$15 MSeries A
PlayAI
Nov 2024Participated
$20 MSeed
Shinami
Nov 2024Led
$6 MSeed
Persana AI
Nov 2024Participated
$2 MOther Equity
Clerk Chat
Oct 2024Led
$7 MSeed
VisionLab
Sep 2026Led
$6 MSeed
Datahive AI
Aug 2026Participated
$4 MSeed
SkyPilot
Jul 2026Participated
$20 MSeed
Architect Labs
Jun 2026Participated
$24 MSeed
Opaque Systems
Feb 2026Participated
$24 MSeries B
AirMDR
Jul 2025Led
$16 MSeed
Unbound
Jun 2025Led
$4 MSeed
Openlayer
May 2025Led
$15 MSeries A
PlayAI
Nov 2024Participated
$20 MSeed
Shinami
Nov 2024Led
$6 MSeed
Persana AI
Nov 2024Participated
$2 MOther Equity
Clerk Chat
Oct 2024Led
$7 MSeed
36
Items
...
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Insights

Time horizon

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Deal Distribution

Race Capital: 36 funding rounds are recorded in the selected participation categories.All available history.
Race Capital: 36 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed179
Series A32
Series B01
Other Equity03
ICO01

Monthly Deal Activity

Race Capital: 36 deals are recorded across 64 months.All available history.
Race Capital: 36 deals are recorded across 64 months. All available history
MonthDeals
Jul '214
Aug '210
Sep '210
Oct '212
Nov '210
Dec '212
Jan '221
Feb '220
Mar '220
Apr '220
May '222
Jun '221
Jul '221
Aug '220
Sep '222
Oct '222
Nov '223
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '231
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 '241
Aug '240
Sep '240
Oct '241
Nov '243
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '251
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Race Capital: Enterprise Software is the largest displayed sector by deal count (15 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.

Race Capital: Enterprise Software is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Enterprise Software15
AI & Machine Learning13
Crypto & Blockchain9
Developer Tools8
Hardware & Robotics7
Cybersecurity & Privacy6
Data, Analytics & IT6
Fintech4
Networks, Cloud & Communication3
Media & Entertainment3
Real Estate & Construction2
Manufacturing2
E-Commerce & Retail1
Space & Frontier Tech1
Professional Services1

Deal Size Distribution

Race Capital: 36 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.

Race Capital: 36 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M13
$10M-$25M11
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Race Capital: United States has the largest recorded deal count among the displayed regions (28 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Race Capital: United States has the largest recorded deal count among the displayed regions (28 deals). All available history
RegionDeals
United States28
Europe3
South Korea2
Philippines1
W1w 6xh1
Nepal1
Race Capital: 20 co-investors are shown, with Intel Capital 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

Race Capital: Led accounts for 56% and participating for 44% of round participation.All available history.
Race Capital: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led2056%
Participating1644%
Race Capital: Single-lead accounts for 70% and co-led for 30% of lead dynamics.All available history.
Race Capital: Single-lead accounts for 70% and co-led for 30% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1470%
Co-led630%

Team

Alfred Chuang

General Partner

Chris McCann

General Partner

Edith Yeung

General Partner