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The Venture Codex

Overview

Seed-stage venture fund investing in creators of iconic brands.

Deals · 12mo

11

Stage focus

Seed

Geographic focus

United States

Sector focus

—

Investment portfolio

25rounds
NAMEDATESIZE
Expanse
Sep 2026Participated
$5 MSeed
Complir
Sep 2026Participated
$11 MSeed
Centralize
Jul 2026Participated
$15 MSeries A
Luel
May 2026Participated
$31 MSeed
Fazeshift
May 2026Participated
$17 MSeries A
Schematic
Apr 2026Participated
$7 MOther Equity
Mandel AI
Mar 2026Participated
$4 MSeed
Manufact
Feb 2026Participated
$6 MSeed
Clearly AI
Feb 2026Participated
$8 MSeed
Risotto
Jan 2026Participated
$10 MSeed
Multifactor
Dec 2025Participated
$15 MSeed
Central
Aug 2025Participated
$9 MSeed
Expanse
Sep 2026Participated
$5 MSeed
Complir
Sep 2026Participated
$11 MSeed
Centralize
Jul 2026Participated
$15 MSeries A
Luel
May 2026Participated
$31 MSeed
Fazeshift
May 2026Participated
$17 MSeries A
Schematic
Apr 2026Participated
$7 MOther Equity
Mandel AI
Mar 2026Participated
$4 MSeed
Manufact
Feb 2026Participated
$6 MSeed
Clearly AI
Feb 2026Participated
$8 MSeed
Risotto
Jan 2026Participated
$10 MSeed
Multifactor
Dec 2025Participated
$15 MSeed
Central
Aug 2025Participated
$9 MSeed
25
Items
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Insights

Time horizon

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Deal Distribution

Ritual Capital: 25 funding rounds are recorded in the selected participation categories.All available history.
Ritual Capital: 25 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed021
Series A03
Other Equity01

Monthly Deal Activity

Ritual Capital: 25 deals are recorded across 32 months.All available history.
Ritual Capital: 25 deals are recorded across 32 months. All available history
MonthDeals
Mar '242
Apr '241
May '241
Jun '240
Jul '242
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '253
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '252
Sep '250
Oct '250
Nov '250
Dec '251
Jan '261
Feb '262
Mar '261
Apr '261
May '262
Jun '260
Jul '261
Aug '260
Sep '262
Oct '260

Sector Breakdown

Ritual Capital: AI & Machine Learning is the largest displayed sector by deal count (16 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.

Ritual Capital: AI & Machine Learning is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
AI & Machine Learning16
Enterprise Software12
Professional Services7
Networks, Cloud & Communication6
Fintech5
Cybersecurity & Privacy3
E-Commerce & Retail3
Transportation & Logistics3
Developer Tools3
Marketing & Advertising2
Education & Workforce1
Hardware & Robotics1
Manufacturing1
Health & Life Sciences1
Social & Community Platforms1

Deal Size Distribution

Ritual Capital: 25 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.

Ritual Capital: 25 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M9
$10M-$25M6
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ritual Capital: United States has the largest recorded deal count among the displayed regions (22 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Ritual Capital: United States has the largest recorded deal count among the displayed regions (22 deals). All available history
RegionDeals
United States22
Europe3
Ritual Capital: 20 co-investors are shown, with Y Combinator sharing 15 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

Ritual Capital: Led accounts for 0% and participating for 100% of round participation.All available history.
Ritual Capital: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating25100%
Ritual Capital: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Ritual Capital: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Chris H.

Founder and Managing Director