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The Venture Codex

Overview

Early-stage venture firm investing in next-gen enterprise and technologies.

Founded

1982

Deals ยท 12mo

15

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

188rounds
NAMEDATESIZE
Siena AI
Oct 2026Participated
$17 MSeries A
AI Hospitality Group
Sep 2026Participated
$8 MSeed
Ande
Sep 2026Participated
$52 MSeed
Quintessent
Aug 2026Participated
$40 MSeries A
Smallest.ai
Jul 2026Participated
$13 MSeries A
Phosio
Jun 2026Participated
$4 MSeed
Band
Apr 2026Participated
$17 MSeed
Gitar
Apr 2026Participated
$9 MOther Equity
ArmorCode
Mar 2026Participated
$16 MOther Equity
Blazel
Feb 2026Led
$7 MSeed
Expert Intelligence
Feb 2026Led
$6 MSeed
Fintary
Nov 2025Participated
$10 MSeries A
Siena AI
Oct 2026Participated
$17 MSeries A
AI Hospitality Group
Sep 2026Participated
$8 MSeed
Ande
Sep 2026Participated
$52 MSeed
Quintessent
Aug 2026Participated
$40 MSeries A
Smallest.ai
Jul 2026Participated
$13 MSeries A
Phosio
Jun 2026Participated
$4 MSeed
Band
Apr 2026Participated
$17 MSeed
Gitar
Apr 2026Participated
$9 MOther Equity
ArmorCode
Mar 2026Participated
$16 MOther Equity
Blazel
Feb 2026Led
$7 MSeed
Expert Intelligence
Feb 2026Led
$6 MSeed
Fintary
Nov 2025Participated
$10 MSeries A
188
Items
...
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Insights

Time horizon

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Deal Distribution

Sierra Ventures: 188 funding rounds are recorded in the selected participation categories.All available history.
Sierra Ventures: 188 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2123
Series A1938
Series B730
Series C+218
Other Equity821
ICO01

Monthly Deal Activity

Sierra Ventures: 188 deals are recorded across 201 months.All available history.
Sierra Ventures: 188 deals are recorded across 201 months. All available history
MonthDeals
Feb '102
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '102
Oct '101
Nov '101
Dec '101
Jan '110
Feb '111
Mar '110
Apr '110
May '112
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '112
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '121
Dec '120
Jan '131
Feb '131
Mar '132
Apr '131
May '130
Jun '131
Jul '132
Aug '130
Sep '131
Oct '131
Nov '131
Dec '131
Jan '140
Feb '141
Mar '141
Apr '140
May '141
Jun '140
Jul '140
Aug '141
Sep '141
Oct '142
Nov '141
Dec '141
Jan '150
Feb '152
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '155
Nov '150
Dec '152
Jan '161
Feb '161
Mar '161
Apr '160
May '160
Jun '161
Jul '161
Aug '162
Sep '160
Oct '161
Nov '162
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '173
Jun '170
Jul '171
Aug '171
Sep '170
Oct '171
Nov '171
Dec '171
Jan '181
Feb '182
Mar '180
Apr '181
May '182
Jun '181
Jul '180
Aug '181
Sep '180
Oct '183
Nov '180
Dec '181
Jan '190
Feb '191
Mar '191
Apr '191
May '191
Jun '191
Jul '190
Aug '191
Sep '192
Oct '191
Nov '190
Dec '190
Jan '201
Feb '200
Mar '203
Apr '201
May '201
Jun '200
Jul '203
Aug '203
Sep '200
Oct '203
Nov '202
Dec '202
Jan '211
Feb '212
Mar '211
Apr '211
May '213
Jun '211
Jul '215
Aug '215
Sep '212
Oct '213
Nov '211
Dec '210
Jan '220
Feb '221
Mar '225
Apr '221
May '220
Jun '221
Jul '220
Aug '221
Sep '222
Oct '223
Nov '222
Dec '220
Jan '230
Feb '230
Mar '231
Apr '232
May '230
Jun '231
Jul '230
Aug '231
Sep '230
Oct '232
Nov '235
Dec '231
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '242
Sep '241
Oct '240
Nov '241
Dec '240
Jan '251
Feb '251
Mar '250
Apr '251
May '251
Jun '251
Jul '250
Aug '252
Sep '251
Oct '253
Nov '251
Dec '250
Jan '260
Feb '262
Mar '261
Apr '262
May '260
Jun '261
Jul '261
Aug '261
Sep '262
Oct '261

Sector Breakdown

Sierra Ventures: Enterprise Software is the largest displayed sector by deal count (96 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.

Sierra Ventures: Enterprise Software is the largest displayed sector by deal count (96 deals). All available history
SectorDeals
Enterprise Software96
AI & Machine Learning67
Networks, Cloud & Communication45
Data, Analytics & IT37
Professional Services26
Health & Life Sciences22
E-Commerce & Retail20
Cybersecurity & Privacy20
Hardware & Robotics20
Marketing & Advertising17
Developer Tools17
Space & Frontier Tech16
Fintech15
Media & Entertainment10
Transportation & Logistics9
Social & Community Platforms8
Consumer & Lifestyle7
Travel & Hospitality5
Real Estate & Construction5
Manufacturing5
Education & Workforce4
AR/VR4
Clean Energy & Sustainability2
Crypto & Blockchain1
Gaming & eSports1

Deal Size Distribution

Sierra Ventures: 188 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.

Sierra Ventures: 188 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M30
$5M-$10M51
$10M-$25M74
$25M-$50M26
$50M-$100M2
$100M-$250M5
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sierra Ventures: United States has the largest recorded deal count among the displayed regions (167 deals).All available history.

Top 10 of 11 regions; European countries are grouped as Europe.

Sierra Ventures: United States has the largest recorded deal count among the displayed regions (167 deals). All available history
RegionDeals
United States167
Israel6
Canada4
Mexico3
Australia2
Indonesia1
Europe1
941111
India1
941031
Sierra Ventures: 20 co-investors are shown, with Norwest Venture Partners sharing 8 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

Sierra Ventures: Led accounts for 30% and participating for 70% of round participation.All available history.
Sierra Ventures: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led5730%
Participating13170%
Sierra Ventures: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Sierra Ventures: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead4375%
Co-led1425%

Team

Aaron Tong

Venture Partner

Ashish Kakran

Principal

Ben Yu

Managing Partner

Dora Prado

Executive Assistant

Grace Chen

VP of Finance/Controller

Mark Fernandes

Managing Partner

Tim Guleri

Managing Director

Vignesh Ravikumar

Partner & VP