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The Venture Codex

Overview

Alternative fund manager focusing on non-traditional investments.

Deals · 12mo

0

Stage focus

Seed

Geographic focus

United States

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Tern AI
Oct 2025Participated
$8 MSeed
Tern AI
Jun 2024Participated
$4 MSeed
Tern AI
Oct 2025Participated
$8 MSeed
Tern AI
Jun 2024Participated
$4 MSeed
2
Items
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Insights

Time horizon

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Deal Distribution

Shadow Capital: 2 funding rounds are recorded in the selected participation categories.All available history.
Shadow Capital: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02

Monthly Deal Activity

Shadow Capital: 2 deals are recorded across 29 months.All available history.
Shadow Capital: 2 deals are recorded across 29 months. All available history
MonthDeals
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Shadow Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (2 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.

Shadow Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Networks, Cloud & Communication2
AI & Machine Learning2

Deal Size Distribution

Shadow Capital: 2 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.

Shadow Capital: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Shadow Capital: United States has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Shadow Capital: United States has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
United States2
Shadow Capital: 4 co-investors are shown, with BVVC sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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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.

Shadow Capital: 4 co-investors are shown, with BVVC sharing 2 recorded deals. All available history
Co-investorShared deals
BVVC2
Scout Ventures2
The Veteran Fund1
Vanderbilt University1

Investment Strategy

Shadow Capital: Led accounts for 0% and participating for 100% of round participation.All available history.
Shadow Capital: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
Shadow Capital: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Shadow 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

No team members found for this fund.