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The Venture Codex

Overview

Venture capital firm investing in high-growth sectors and innovative ideas.

Founded

1981

Deals ยท 12mo

1

Stage focus

Series A
Series B

Geographic focus

Canada
United Kingdom
United States

Sector focus

CleanTech
Financial Services
Venture Capital

Investment portfolio

130rounds
NAMEDATESIZE
Zenskar
Apr 2026Led
$15 MSeries A
Clear Current
May 2025Led
$4 MSeed
ESG Flo
Apr 2025Participated
$12 MSeries A
Truewind
Jan 2025Led
$13 MSeries A
Toothio
Oct 2024Participated
$5 MOther Equity
CloudPay
Aug 2024Participated
$120 MOther Equity
ESG Flo
Oct 2023Led
$5 MSeed
Toothio
Aug 2023Participated
$4 MSeed
Aluna
Jan 2023Participated
$15 MSeries B
Blocknative
Dec 2022Participated
$15 MSeries A
evaluate.xyz
May 2022Led
$4 MSeed
Leal Health
Feb 2022Participated
$20 MSeries A
Zenskar
Apr 2026Led
$15 MSeries A
Clear Current
May 2025Led
$4 MSeed
ESG Flo
Apr 2025Participated
$12 MSeries A
Truewind
Jan 2025Led
$13 MSeries A
Toothio
Oct 2024Participated
$5 MOther Equity
CloudPay
Aug 2024Participated
$120 MOther Equity
ESG Flo
Oct 2023Led
$5 MSeed
Toothio
Aug 2023Participated
$4 MSeed
Aluna
Jan 2023Participated
$15 MSeries B
Blocknative
Dec 2022Participated
$15 MSeries A
evaluate.xyz
May 2022Led
$4 MSeed
Leal Health
Feb 2022Participated
$20 MSeries A
130
Items
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Insights

Time horizon

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Deal Distribution

Rho Ventures: 130 funding rounds are recorded in the selected participation categories.All available history.
Rho Ventures: 130 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed57
Series A1212
Series B918
Series C+817
Other Equity1032

Monthly Deal Activity

Rho Ventures: 130 deals are recorded across 233 months.All available history.
Rho Ventures: 130 deals are recorded across 233 months. All available history
MonthDeals
Jun '071
Jul '070
Aug '070
Sep '070
Oct '071
Nov '070
Dec '070
Jan '080
Feb '081
Mar '080
Apr '081
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '082
Nov '080
Dec '080
Jan '091
Feb '090
Mar '091
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '103
Mar '102
Apr '102
May '102
Jun '102
Jul '102
Aug '101
Sep '102
Oct '103
Nov '102
Dec '100
Jan '113
Feb '111
Mar '111
Apr '112
May '111
Jun '112
Jul '116
Aug '110
Sep '112
Oct '110
Nov '111
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '122
Jun '120
Jul '123
Aug '121
Sep '120
Oct '121
Nov '123
Dec '121
Jan '131
Feb '130
Mar '130
Apr '132
May '132
Jun '130
Jul '132
Aug '130
Sep '133
Oct '132
Nov '131
Dec '131
Jan '142
Feb '140
Mar '142
Apr '141
May '142
Jun '140
Jul '141
Aug '141
Sep '141
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '152
Apr '150
May '150
Jun '153
Jul '150
Aug '151
Sep '150
Oct '151
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '160
May '161
Jun '162
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '172
Jul '170
Aug '172
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '183
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '201
Jun '200
Jul '200
Aug '202
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '212
Mar '210
Apr '210
May '210
Jun '210
Jul '212
Aug '211
Sep '210
Oct '211
Nov '211
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Rho Ventures: Enterprise Software is the largest displayed sector by deal count (40 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.

Rho Ventures: Enterprise Software is the largest displayed sector by deal count (40 deals). All available history
SectorDeals
Enterprise Software40
Networks, Cloud & Communication28
Health & Life Sciences23
Data, Analytics & IT20
Hardware & Robotics20
Marketing & Advertising19
E-Commerce & Retail17
Consumer & Lifestyle17
AI & Machine Learning16
Media & Entertainment14
Professional Services14
Manufacturing13
Fintech12
Clean Energy & Sustainability11
Transportation & Logistics8
Developer Tools8
Social & Community Platforms7
Space & Frontier Tech6
Cybersecurity & Privacy5
Travel & Hospitality3
Education & Workforce3
AR/VR3
Crypto & Blockchain3
Food & Agriculture3
Government & Defense1
Real Estate & Construction1
Gaming & eSports1

Deal Size Distribution

Rho Ventures: 130 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.

Rho Ventures: 130 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M21
$5M-$10M23
$10M-$25M50
$25M-$50M27
$50M-$100M8
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Rho Ventures: United States has the largest recorded deal count among the displayed regions (93 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Rho Ventures: United States has the largest recorded deal count among the displayed regions (93 deals). All available history
RegionDeals
United States93
Canada25
Europe7
Israel2
Australia1
941111
895021
Rho Ventures: 20 co-investors are shown, with Braemar Energy Ventures sharing 8 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

Rho Ventures: Led accounts for 34% and participating for 66% of round participation.All available history.
Rho Ventures: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led4434%
Participating8666%
Rho Ventures: Single-lead accounts for 55% and co-led for 45% of lead dynamics.All available history.
Rho Ventures: Single-lead accounts for 55% and co-led for 45% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2455%
Co-led2045%

Team

Doug McCormick

Venture Partner

Jeff Martin

Partner and General Counsel

Joshua Ruch

Co-Founder and Managing Partner

Patrick Wack

Venture Partner

Peter Kalkanis

Chief Financial Officer