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The Venture Codex

Overview

Venture capital fund investing in open markets and networks.

Founded

2017

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

France
Switzerland
United Kingdom
United States

Sector focus

FinTech

Investment portfolio

26rounds
NAMEDATESIZE
Sidekick
Feb 2026Participated
$11 MSeries A
Ryder
Oct 2025Participated
$3 MSeed
Due
Jul 2025Participated
$7 MSeed
Dfns
Jan 2025Participated
$16 MSeries A
Chainbound
Aug 2024Participated
$5 MSeed
Morpho Labs
Aug 2024Participated
$50 MOther Equity
BYSTAMP
Aug 2024Participated
$50 MOther Equity
Sidekick
Jun 2024Participated
$11 MSeed
X10
Apr 2024Participated
$7 MOther Equity
Station70
Apr 2024Participated
$5 MSeed
Fence
Nov 2023Led
$2 MSeed
Union Labs
Nov 2023Led
$4 MSeed
Sidekick
Feb 2026Participated
$11 MSeries A
Ryder
Oct 2025Participated
$3 MSeed
Due
Jul 2025Participated
$7 MSeed
Dfns
Jan 2025Participated
$16 MSeries A
Chainbound
Aug 2024Participated
$5 MSeed
Morpho Labs
Aug 2024Participated
$50 MOther Equity
BYSTAMP
Aug 2024Participated
$50 MOther Equity
Sidekick
Jun 2024Participated
$11 MSeed
X10
Apr 2024Participated
$7 MOther Equity
Station70
Apr 2024Participated
$5 MSeed
Fence
Nov 2023Led
$2 MSeed
Union Labs
Nov 2023Led
$4 MSeed
26
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Insights

Time horizon

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Deal Distribution

Semantic Ventures: 26 funding rounds are recorded in the selected participation categories.All available history.
Semantic Ventures: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed412
Series A05
Other Equity05

Monthly Deal Activity

Semantic Ventures: 26 deals are recorded across 97 months.All available history.
Semantic Ventures: 26 deals are recorded across 97 months. All available history
MonthDeals
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
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 '211
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '212
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '221
Jun '220
Jul '221
Aug '220
Sep '221
Oct '222
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '233
Dec '230
Jan '240
Feb '240
Mar '240
Apr '242
May '240
Jun '241
Jul '240
Aug '243
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Semantic Ventures: Crypto & Blockchain is the largest displayed sector by deal count (19 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.

Semantic Ventures: Crypto & Blockchain is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Crypto & Blockchain19
Fintech16
Enterprise Software7
Hardware & Robotics3
Networks, Cloud & Communication1
Manufacturing1
Media & Entertainment1
Cybersecurity & Privacy1
AI & Machine Learning1
Professional Services1
Real Estate & Construction1

Deal Size Distribution

Semantic Ventures: 26 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.

Semantic Ventures: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M4
$10M-$25M7
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Semantic Ventures: Europe has the largest recorded deal count among the displayed regions (20 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Semantic Ventures: Europe has the largest recorded deal count among the displayed regions (20 deals). All available history
RegionDeals
Europe20
United States4
Singapore1
Israel1
Semantic Ventures: 20 co-investors are shown, with Cherry Ventures sharing 5 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

Semantic Ventures: Led accounts for 15% and participating for 85% of round participation.All available history.
Semantic Ventures: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led415%
Participating2285%
Semantic Ventures: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Semantic 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

Stefano Bernardi

Co-Founder, Advisor