The Venture Codex

Participated · Series B · Aug 2026

Founded in 2020, Standard Metrics began as a reporting network to automate collaboration between investors and portfolio companies and has evolved into a single source of truth for portfolio performance and investment data. The platform offers automated data ingestion, AI-driven analysis and reporting, and recently launched features including AI document parsing, an on-platform AI Analyst, MCP interoperability, and AI-native services for data operations and portfolio analytics. Standard Metrics supports more than 10,000 portfolio companies and 150 firms managing over $400 billion in assets, and counts institutional investors such as General Catalyst, Bessemer Venture Partners, and Accel among its customers; about 30% of the Forbes Midas List use the platform. The company has grown roughly 20X since its Series A and plans to use new funding to further develop AI capabilities, expand its team, and broaden adoption among private market investors and their portfolio companies.

Participated · Series B · Nov 2025

Founded in 2020, Numeric provides a connected finance operations platform that now spans Close Management, Analytics, and a newly launched Cash Management module. The software combines AI pattern recognition, deterministic code, and human review to automate previously manual accounting tasks, delivering a 90%+ auto-match rate for cash reconciliation versus sub-30% industry norms. Early customers such as Brex, Public.com and Clipboard Health report eliminating multiple days of monthly reconciliation work. Management positions the company as the ‘connected platform for finance operations,’ aiming to release additional workflow products through 2026-2027. Numeric operates from hubs in San Francisco, New York and London. To date the startup has raised $89 million in venture funding, which is being used to accelerate product expansion and platform development.

Participated · Series A · Jul 2025

Vellum provides an end-to-end platform that lets cross-functional teams define, test, deploy and monitor AI workflows through a visual UI and SDK. The platform couples workflow orchestration, evaluations, testing, deployment and live monitoring to help teams move models from prototype to production. Vellum is GA and emphasizes reliability, compliance, and observability, making it suited for highly regulated industries. Customers such as Drata, Swisscom, Redfin and Headspace use the platform for use cases from automated customer support to secure, compliance-ready workflows. The company reports Vellum customers achieve 10x faster time to market and cites broad enterprise demand where many organizations lack comprehensive AI strategies. Vellum is venture-backed and has received $24.5 million of funding to date. Vellum.ai builds tooling to improve generative AI prompting, born from founders' experience building production LLM applications. The product includes side-by-side model output comparison, company-specific data search to add context to prompts, testing, version control and fine-tuning/semantic search capabilities. The team—led by CEO and co-founder Akash Sharma with co-founders Noa Flaherty and Sidd Seethepalli—spun out of work at Dover and surfaced at Y Combinator’s Winter 2023 demo day. Vellum positions itself to help companies take LLM prototypes into production by preventing hallucinations and handling edge cases through refined prompts and prompt-chaining logic. The startup reports 40 paying customers and revenue growing roughly 25%–30% month-over-month, with pricing in the three- to four-figure-per-month range and a healthy seed-stage run rate. The founders argue the expanding enterprise demand for LLMs will drive continued need for prompt-engineering tooling.

Led · Equity · Oct 2024

Building Radar offers an AI-powered suite of sales enablement software that helps construction-industry sales teams win high-margin projects by developing specifications rather than breaking them. The platform automates workflow in construction industry sales to streamline the end-to-end sales process. The company serves roughly 150 customers, including firms such as Schüco, Schindler, and Eiffage. Co-founded by Leopold Neuerburg and Paul Indinger, Building Radar is focused on advancing its AI capabilities. The company plans to use new funding to further AI development and to expand into the UK, the US, and Canada. The articles do not disclose revenue or other financial metrics beyond the recent funding. Building Radar provides AI-driven software that identifies new construction projects and notifies users by location, phase, or size. Its platform scans more than 100,000 sources to detect roughly 5,000 new projects per day and covers over 5 million construction sites. The product targets suppliers and service providers, helping them replace manual research and source contracts earlier to increase revenue potential. The company was founded in 2015 and is based in Munich. Building Radar’s mission is to digitise the construction industry and reduce idle manual sales processes. The startup plans to expand into new markets and to refine and optimise its machine-learning search algorithm using the new funding.

Participated · Equity · Jun 2024

Ship Angel is a SaaS logistics operating system for beneficial cargo owners (BCOs) that streamlines freight processing, improves data accuracy, and reduces time and cost. Led by CEO Graham Parker, the company provides an AI-native platform focused on ocean and air freight rate management. Its two new products, Contract Amendment Guard and Invoice Audit, add automations to the rate management process and aim to materially improve BCOs’ bottom lines. Contract Amendment Guard centralizes communication between carriers/forwarders and shippers to identify changes to surcharges, free time, and transit times. The AI-powered Invoice Audit matches bookings to exact dates and actual rates, flags inconsistencies, and reduces manual labor and error rates. Ship Angel plans to use recent funding to expand its ocean and air freight rate management platform and launch these AI-powered solutions to optimize BCO workflows.