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The Venture Codex

Overview

Venture firm focusing on pre-seed and seed stage cybersecurity investments.

Founded

2023

Deals ยท 12mo

2

Stage focus

Seed

Geographic focus

Israel
The Netherlands
United States

Sector focus

Cyber Security

Investment portfolio

13rounds
NAMEDATESIZE
Bloom Security
Jul 2026Participated
$20 MSeed
AiStrike
Jan 2026Participated
$7 MSeed
SolidCore.ai
Oct 2025Led
$4 MSeed
RunReveal
Aug 2025Participated
$7 MSeed
SplxAI
Mar 2025Participated
$7 MSeed
ThreatMate
Feb 2025Participated
$3 MSeed
Prequel
Dec 2024Participated
$3 MSeed
System Two Security
Dec 2024Participated
$7 MOther Equity
SplxAI
Sep 2024Led
$2 MSeed
StepSecurity
May 2024Led
$3 MSeed
Enveedo
Dec 2023Participated
$3 MSeed
Keep Aware
Jun 2023Participated
$2 MSeed
Bloom Security
Jul 2026Participated
$20 MSeed
AiStrike
Jan 2026Participated
$7 MSeed
SolidCore.ai
Oct 2025Led
$4 MSeed
RunReveal
Aug 2025Participated
$7 MSeed
SplxAI
Mar 2025Participated
$7 MSeed
ThreatMate
Feb 2025Participated
$3 MSeed
Prequel
Dec 2024Participated
$3 MSeed
System Two Security
Dec 2024Participated
$7 MOther Equity
SplxAI
Sep 2024Led
$2 MSeed
StepSecurity
May 2024Led
$3 MSeed
Enveedo
Dec 2023Participated
$3 MSeed
Keep Aware
Jun 2023Participated
$2 MSeed
13
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Insights

Time horizon

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Deal Distribution

Runtime Ventures: 13 funding rounds are recorded in the selected participation categories.All available history.
Runtime Ventures: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed38
Other Equity02

Monthly Deal Activity

Runtime Ventures: 13 deals are recorded across 84 months.All available history.
Runtime Ventures: 13 deals are recorded across 84 months. All available history
MonthDeals
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '242
Jan '250
Feb '251
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Runtime Ventures: Cybersecurity & Privacy is the largest displayed sector by deal count (11 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.

Runtime Ventures: Cybersecurity & Privacy is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Cybersecurity & Privacy11
AI & Machine Learning6
Enterprise Software4
Hardware & Robotics1
Fintech1
Professional Services1
Data, Analytics & IT1
Transportation & Logistics1
Developer Tools1

Deal Size Distribution

Runtime Ventures: 13 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.

Runtime Ventures: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M4
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Runtime Ventures: United States has the largest recorded deal count among the displayed regions (11 deals).All available history.

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

Runtime Ventures: United States has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
United States11
Israel1
Europe1
Runtime Ventures: 20 co-investors are shown, with Blu Ventures sharing 2 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

Runtime Ventures: Led accounts for 23% and participating for 77% of round participation.All available history.
Runtime Ventures: Led accounts for 23% and participating for 77% of round participation. All available history
CategoryDeals (count)Share (%)
Led323%
Participating1077%
Runtime Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Runtime Ventures: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Michael Sutton

General Partner & Co-Founder