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The Venture Codex

Source Ventures

71 RUE DE LA FRATERNITE, MONTREUIL, Ile-de-France, 93100, France

Overview

Micro early-stage fund investing in tech startups.

Founded

2021

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada
France

Sector focus

—

Investment portfolio

6rounds
NAMEDATESIZE
Falcon
Oct 2026Participated
$2 MSeed
Pool
Jun 2026Participated
$2 MSeed
Unsolved Hunts
Mar 2026Participated
$0.93 MOther Equity
Actionable
Sep 2024Participated
$2 MSeed
Actionable
Sep 2024Participated
$2 MSeed
Klark
Mar 2024Participated
$2 MOther Equity
Falcon
Oct 2026Participated
$2 MSeed
Pool
Jun 2026Participated
$2 MSeed
Unsolved Hunts
Mar 2026Participated
$0.93 MOther Equity
Actionable
Sep 2024Participated
$2 MSeed
Actionable
Sep 2024Participated
$2 MSeed
Klark
Mar 2024Participated
$2 MOther Equity
6
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Source Ventures: 6 funding rounds are recorded in the selected participation categories.All available history.
Source Ventures: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Other Equity02

Monthly Deal Activity

Source Ventures: 6 deals are recorded across 32 months.All available history.
Source Ventures: 6 deals are recorded across 32 months. All available history
MonthDeals
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '242
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 '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Source Ventures: Professional Services is the largest displayed sector by deal count (3 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.

Source Ventures: Professional Services is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Professional Services3
Enterprise Software2
AI & Machine Learning2
Travel & Hospitality1
Media & Entertainment1
Gaming & eSports1
Data, Analytics & IT1

Deal Size Distribution

Source Ventures: 6 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.

Source Ventures: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Source Ventures: Europe has the largest recorded deal count among the displayed regions (4 deals).All available history.

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

Source Ventures: Europe has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Europe4
Canada1
Missing1
Source Ventures: 11 co-investors are shown, with Axeleo Capital sharing 2 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.

Source Ventures: 11 co-investors are shown, with Axeleo Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Axeleo Capital2
Kima Ventures2
APOK Invest1
Bpifrance1
General Catalyst1
Green Park Investment Partners1
RDY Ventures1
Stelena Capital1
Super Capital1
Syndicate One1
Trail Venture1

Investment Strategy

Source Ventures: Led accounts for 0% and participating for 100% of round participation.All available history.
Source Ventures: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating6100%
Source Ventures: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Source Ventures: 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

Hugo Lefondre
Martin Charpentier
Victor Mertz