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The Venture Codex

Overview

Hedge fund specializing in thematic investments in emerging markets.

Founded

2013

Deals ยท 12mo

2

Stage focus

Multi-stage

Geographic focus

Canada
United States

Sector focus

Finance
Financial Services
Hedge Funds

Investment portfolio

5rounds
NAMEDATESIZE
Alva Energy
Feb 2026Participated
$33 MSeries A
X-energy
Nov 2025Participated
$700 MSeries D
General Fusion
Aug 2025Participated
$22 MOther Equity
X-energy
Feb 2025Participated
$700 MSeries C
General Fusion
Nov 2021Participated
$130 MSeries E
Alva Energy
Feb 2026Participated
$33 MSeries A
X-energy
Nov 2025Participated
$700 MSeries D
General Fusion
Aug 2025Participated
$22 MOther Equity
X-energy
Feb 2025Participated
$700 MSeries C
General Fusion
Nov 2021Participated
$130 MSeries E
5
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Insights

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Deal Distribution

Segra Capital: 5 funding rounds are recorded in the selected participation categories.All available history.
Segra Capital: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A01
Series C+03
Other Equity01

Monthly Deal Activity

Segra Capital: 5 deals are recorded across 60 months.All available history.
Segra Capital: 5 deals are recorded across 60 months. All available history
MonthDeals
Nov '211
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 '230
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 '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Segra Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (5 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.

Segra Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Clean Energy & Sustainability5
Space & Frontier Tech3

Deal Size Distribution

Segra Capital: 5 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.

Segra Capital: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B2
$1B+0

Deals By Geography

Segra Capital: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

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

Segra Capital: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
Canada2
Segra Capital: 20 co-investors are shown, with NGP sharing 3 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

Segra Capital: Led accounts for 0% and participating for 100% of round participation.All available history.
Segra Capital: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating5100%
Segra Capital: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Segra 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