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The Venture Codex

Overview

Early-stage venture firm investing in web3 innovations.

Founded

2016

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

Canada
United Arab Emirates
United States

Sector focus

Blockchain
Cryptocurrency
Financial Services
Venture Capital
...

Investment portfolio

38rounds
NAMEDATESIZE
CRSHMARKET
Oct 2026Participated
$4 MSeed
Satellites on Fire
Apr 2026Participated
$3 MSeed
Coinflow Labs
Oct 2025Participated
$25 MSeries A
Raiku
Sep 2025Participated
$14 MSeed
True Markets
May 2025Participated
$11 MSeries A
NymCard
Mar 2025Participated
$33 MSeries B
Plume Network
Dec 2024Participated
$20 MSeries A
True Markets
Sep 2024Participated
$9 MSeed
Truex
Sep 2024Participated
$9 MSeed
Coinflow Labs
May 2024Participated
$2 MSeed
Plume Network
May 2024Participated
$10 MSeed
Helius
Feb 2024Participated
$10 MSeries A
CRSHMARKET
Oct 2026Participated
$4 MSeed
Satellites on Fire
Apr 2026Participated
$3 MSeed
Coinflow Labs
Oct 2025Participated
$25 MSeries A
Raiku
Sep 2025Participated
$14 MSeed
True Markets
May 2025Participated
$11 MSeries A
NymCard
Mar 2025Participated
$33 MSeries B
Plume Network
Dec 2024Participated
$20 MSeries A
True Markets
Sep 2024Participated
$9 MSeed
Truex
Sep 2024Participated
$9 MSeed
Coinflow Labs
May 2024Participated
$2 MSeed
Plume Network
May 2024Participated
$10 MSeed
Helius
Feb 2024Participated
$10 MSeries A
38
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Reciprocal Ventures: 38 funding rounds are recorded in the selected participation categories.All available history.
Reciprocal Ventures: 38 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed218
Series A09
Series B04
Other Equity22
Debt01

Monthly Deal Activity

Reciprocal Ventures: 38 deals are recorded across 107 months.All available history.
Reciprocal Ventures: 38 deals are recorded across 107 months. All available history
MonthDeals
Dec '171
Jan '180
Feb '180
Mar '180
Apr '181
May '181
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '211
Oct '213
Nov '210
Dec '211
Jan '221
Feb '220
Mar '222
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '231
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '240
May '242
Jun '240
Jul '240
Aug '240
Sep '242
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Reciprocal Ventures: Fintech is the largest displayed sector by deal count (21 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.

Reciprocal Ventures: Fintech is the largest displayed sector by deal count (21 deals). All available history
SectorDeals
Fintech21
Crypto & Blockchain15
Enterprise Software5
Networks, Cloud & Communication5
Developer Tools5
Data, Analytics & IT4
AI & Machine Learning4
Social & Community Platforms4
Gaming & eSports2
E-Commerce & Retail1
Real Estate & Construction1
Transportation & Logistics1
Consumer & Lifestyle1
Hardware & Robotics1
Manufacturing1
Food & Agriculture1

Deal Size Distribution

Reciprocal Ventures: 38 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.

Reciprocal Ventures: 38 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M17
$5M-$10M4
$10M-$25M11
$25M-$50M4
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Reciprocal Ventures: United States has the largest recorded deal count among the displayed regions (27 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Reciprocal Ventures: United States has the largest recorded deal count among the displayed regions (27 deals). All available history
RegionDeals
United States27
Canada3
United Arab Emirates2
Europe2
Philippines1
Argentina1
950351
Mexico1
Reciprocal Ventures: 20 co-investors are shown, with 6th Man Ventures 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

Reciprocal Ventures: Led accounts for 11% and participating for 89% of round participation.All available history.
Reciprocal Ventures: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led411%
Participating3489%
Reciprocal Ventures: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Reciprocal Ventures: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead125%
Co-led375%

Team

Ali Sheikh

Principal

Elle Chen

Associate

Michael Steinberg

Founder & General Partner