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The Venture Codex

Overview

Venture capital fund co-investing in series A deals.

Founded

2014

Deals ยท 12mo

10

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Financial Services
FinTech
Venture Capital

Investment portfolio

72rounds
NAMEDATESIZE
Bloom
Oct 2026Participated
$4 MSeed
Codebreaker Labs
Sep 2026Participated
$5 MSeed
StratusGrid
Jun 2026Participated
$3 MSeed
Digit
Mar 2026Participated
$3 MOther Equity
Boomband
Feb 2026Participated
$4 MSeed
RouteSense
Jan 2026Participated
$2 MSeed
boodleAI
Dec 2025Participated
$5 MSeed
Greenshoe
Nov 2025Participated
$3 MSeed
Orion
Nov 2025Participated
$4 MOther Equity
Pavewise
Oct 2025Participated
$3 MSeed
Bonsai
Jul 2025Participated
$2 MOther Equity
Meibel
May 2025Participated
$7 MSeed
Bloom
Oct 2026Participated
$4 MSeed
Codebreaker Labs
Sep 2026Participated
$5 MSeed
StratusGrid
Jun 2026Participated
$3 MSeed
Digit
Mar 2026Participated
$3 MOther Equity
Boomband
Feb 2026Participated
$4 MSeed
RouteSense
Jan 2026Participated
$2 MSeed
boodleAI
Dec 2025Participated
$5 MSeed
Greenshoe
Nov 2025Participated
$3 MSeed
Orion
Nov 2025Participated
$4 MOther Equity
Pavewise
Oct 2025Participated
$3 MSeed
Bonsai
Jul 2025Participated
$2 MOther Equity
Meibel
May 2025Participated
$7 MSeed
72
Items
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Insights

Time horizon

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Deal Distribution

Service Provider Capital: 72 funding rounds are recorded in the selected participation categories.All available history.
Service Provider Capital: 72 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed244
Series A012
Series B01
Series C+01
Other Equity011
Debt01

Monthly Deal Activity

Service Provider Capital: 72 deals are recorded across 142 months.All available history.
Service Provider Capital: 72 deals are recorded across 142 months. All available history
MonthDeals
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '151
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '160
Jul '160
Aug '161
Sep '160
Oct '161
Nov '161
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '173
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '181
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '183
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '191
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '202
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '211
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '222
May '220
Jun '221
Jul '220
Aug '220
Sep '222
Oct '221
Nov '221
Dec '220
Jan '231
Feb '231
Mar '231
Apr '234
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '244
Mar '240
Apr '240
May '240
Jun '241
Jul '242
Aug '240
Sep '241
Oct '242
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '250
Oct '251
Nov '252
Dec '251
Jan '261
Feb '261
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

Service Provider Capital: Enterprise Software is the largest displayed sector by deal count (25 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.

Service Provider Capital: Enterprise Software is the largest displayed sector by deal count (25 deals). All available history
SectorDeals
Enterprise Software25
Networks, Cloud & Communication15
AI & Machine Learning12
Cybersecurity & Privacy11
Data, Analytics & IT10
Fintech10
Health & Life Sciences10
Professional Services9
Marketing & Advertising8
Education & Workforce7
E-Commerce & Retail6
Transportation & Logistics6
Real Estate & Construction5
Consumer & Lifestyle5
Media & Entertainment5
Social & Community Platforms5
Manufacturing4
Space & Frontier Tech3
Hardware & Robotics3
Food & Agriculture3
Government & Defense2
AR/VR2
Clean Energy & Sustainability2
Developer Tools2
Travel & Hospitality1
Gaming & eSports1

Deal Size Distribution

Service Provider Capital: 72 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.

Service Provider Capital: 72 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M55
$5M-$10M10
$10M-$25M5
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Service Provider Capital: United States has the largest recorded deal count among the displayed regions (70 deals).All available history.

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

Service Provider Capital: United States has the largest recorded deal count among the displayed regions (70 deals). All available history
RegionDeals
United States70
Europe1
432201
Service Provider Capital: 20 co-investors are shown, with Techstars sharing 7 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

Service Provider Capital: Led accounts for 3% and participating for 97% of round participation.All available history.
Service Provider Capital: Led accounts for 3% and participating for 97% of round participation. All available history
CategoryDeals (count)Share (%)
Led23%
Participating7097%
Service Provider Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Service Provider Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Brian Axelrad

Managing Director - Midwest Fund I

Douglas Spear

Managing Director - Southeast Fund I

Galen Mason

Managing Director - Midwest Fund I

Jody Shepherd

Founder / Managing Director - Rocky Mountain Fund

Ned Hill

Managing Director - Southeast Fund I

Noah Pittard

Founder / Managing Director

Stefan Spazek

Managing Director