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The Venture Codex

Overview

Investment firm focused on blockchain-enabled companies.

Founded

2017

Deals · 12mo

1

Stage focus

Seed

Geographic focus

Hong Kong
Seychelles
Singapore
United Kingdom

Sector focus

Blockchain
Finance
Financial Services

Investment portfolio

29rounds
NAMEDATESIZE
DeepSafe
Oct 2025Led
$3 MSeed
AutoLayer
Apr 2024Participated
$3 MSeed
dappOS
Apr 2024Participated
$15 MSeries A
Ringfence
Jan 2024Participated
$2 MSeed
Ta-da
Jan 2024Participated
$4 MOther Equity
CharacterX
Jan 2024Led
$3 MSeed
Range Protocol
Sep 2023Participated
$4 MSeed
FARE Protocol
May 2023Participated
$6 MSeed
Avail
Apr 2023Participated
$5 MSeed
Cricket Star Manager
Apr 2022Participated
$2 MOther Equity
Mizar
Mar 2022Participated
$3 MSeed
Gemie
Mar 2022Participated
$4 MOther Equity
DeepSafe
Oct 2025Led
$3 MSeed
AutoLayer
Apr 2024Participated
$3 MSeed
dappOS
Apr 2024Participated
$15 MSeries A
Ringfence
Jan 2024Participated
$2 MSeed
Ta-da
Jan 2024Participated
$4 MOther Equity
CharacterX
Jan 2024Led
$3 MSeed
Range Protocol
Sep 2023Participated
$4 MSeed
FARE Protocol
May 2023Participated
$6 MSeed
Avail
Apr 2023Participated
$5 MSeed
Cricket Star Manager
Apr 2022Participated
$2 MOther Equity
Mizar
Mar 2022Participated
$3 MSeed
Gemie
Mar 2022Participated
$4 MOther Equity
29
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Insights

Time horizon

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Deal Distribution

Spark Digital Capital: 29 funding rounds are recorded in the selected participation categories.All available history.
Spark Digital Capital: 29 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed213
Series A02
Other Equity012

Monthly Deal Activity

Spark Digital Capital: 29 deals are recorded across 76 months.All available history.
Spark Digital Capital: 29 deals are recorded across 76 months. All available history
MonthDeals
Jul '201
Aug '200
Sep '200
Oct '200
Nov '202
Dec '200
Jan '210
Feb '210
Mar '211
Apr '213
May '212
Jun '211
Jul '211
Aug '210
Sep '212
Oct '211
Nov '210
Dec '211
Jan '221
Feb '221
Mar '222
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '231
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '243
Feb '240
Mar '240
Apr '242
May '240
Jun '240
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

Spark Digital Capital: Crypto & Blockchain is the largest displayed sector by deal count (19 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.

Spark Digital Capital: Crypto & Blockchain is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Crypto & Blockchain19
Fintech10
E-Commerce & Retail4
AI & Machine Learning4
Networks, Cloud & Communication3
Media & Entertainment3
Enterprise Software2
Cybersecurity & Privacy2
Data, Analytics & IT2
Gaming & eSports2
AR/VR1
Consumer & Lifestyle1
Hardware & Robotics1
Marketing & Advertising1

Deal Size Distribution

Spark Digital Capital: 29 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.

Spark Digital Capital: 29 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M5
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Spark Digital Capital: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

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

Spark Digital Capital: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
Singapore8
Hong Kong2
Seychelles2
United States2
126181
221021
Canada1
United Arab Emirates1
India1
Spark Digital Capital: 20 co-investors are shown, with GBV Capital 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

Spark Digital Capital: Led accounts for 7% and participating for 93% of round participation.All available history.
Spark Digital Capital: Led accounts for 7% and participating for 93% of round participation. All available history
CategoryDeals (count)Share (%)
Led27%
Participating2793%
Spark Digital Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Spark Digital 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

May Liu

Managing Partner & Owner