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The Venture Codex

Overview

Blockchain advisory and asset management firm specializing in funds.

Founded

2018

Deals ยท 12mo

3

Stage focus

Seed
Series A

Geographic focus

Hong Kong
Singapore
United States

Sector focus

Finance
Financial Services
Internet
Venture Capital

Investment portfolio

75rounds
NAMEDATESIZE
THEA
Jul 2026Participated
$8 MOther Equity
Saturn Credit
May 2026Led
$2 MSeed
Kash
Feb 2026Participated
$2 MSeed
Tarta Labs
Mar 2025Participated
$5 MSeed
Immortal Rising 2
Mar 2025Participated
$3 MOther Equity
Symmio
Dec 2024Participated
$3 MOther Equity
Moonveil Entertainment
Aug 2024Participated
$9 MSeries A
Payman AI, Inc
Aug 2024Participated
$3 MSeed
Kintsu
Jul 2024Participated
$4 MSeed
Particle Network
Jun 2024Led
$15 MSeries A
Nubit
Jun 2024Participated
$8 MSeed
Cookie Finance
Jun 2024Participated
$6 MSeed
THEA
Jul 2026Participated
$8 MOther Equity
Saturn Credit
May 2026Led
$2 MSeed
Kash
Feb 2026Participated
$2 MSeed
Tarta Labs
Mar 2025Participated
$5 MSeed
Immortal Rising 2
Mar 2025Participated
$3 MOther Equity
Symmio
Dec 2024Participated
$3 MOther Equity
Moonveil Entertainment
Aug 2024Participated
$9 MSeries A
Payman AI, Inc
Aug 2024Participated
$3 MSeed
Kintsu
Jul 2024Participated
$4 MSeed
Particle Network
Jun 2024Led
$15 MSeries A
Nubit
Jun 2024Participated
$8 MSeed
Cookie Finance
Jun 2024Participated
$6 MSeed
75
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...
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Insights

Time horizon

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Deal Distribution

Spartan Group: 75 funding rounds are recorded in the selected participation categories.All available history.
Spartan Group: 75 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed829
Series A211
Other Equity221
ICO02

Monthly Deal Activity

Spartan Group: 75 deals are recorded across 103 months.All available history.
Spartan Group: 75 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '212
May '214
Jun '211
Jul '211
Aug '210
Sep '211
Oct '214
Nov '216
Dec '213
Jan '222
Feb '223
Mar '222
Apr '222
May '224
Jun '221
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '221
Jan '231
Feb '230
Mar '231
Apr '234
May '231
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '233
Dec '230
Jan '241
Feb '241
Mar '244
Apr '243
May '241
Jun '243
Jul '241
Aug '242
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '252
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Spartan Group: Crypto & Blockchain is the largest displayed sector by deal count (52 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.

Spartan Group: Crypto & Blockchain is the largest displayed sector by deal count (52 deals). All available history
SectorDeals
Crypto & Blockchain52
Fintech28
Gaming & eSports16
Networks, Cloud & Communication8
Enterprise Software7
E-Commerce & Retail6
Data, Analytics & IT6
Developer Tools6
AR/VR5
Media & Entertainment5
AI & Machine Learning5
Professional Services5
Hardware & Robotics4
Cybersecurity & Privacy3
Social & Community Platforms3
Consumer & Lifestyle2
Health & Life Sciences2
Government & Defense1
Clean Energy & Sustainability1
Transportation & Logistics1

Deal Size Distribution

Spartan Group: 75 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.

Spartan Group: 75 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M27
$5M-$10M22
$10M-$25M19
$25M-$50M5
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Spartan Group: United States has the largest recorded deal count among the displayed regions (33 deals).All available history.

Top 10 of 16 regions; European countries are grouped as Europe.

Spartan Group: United States has the largest recorded deal count among the displayed regions (33 deals). All available history
RegionDeals
United States33
Singapore16
Europe10
Hong Kong4
Mexico1
China1
India1
105511
142201
232331
Spartan Group: 20 co-investors are shown, with Animoca Brands sharing 13 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

Spartan Group: Led accounts for 16% and participating for 84% of round participation.All available history.
Spartan Group: Led accounts for 16% and participating for 84% of round participation. All available history
CategoryDeals (count)Share (%)
Led1216%
Participating6384%
Spartan Group: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Spartan Group: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead433%
Co-led867%

Team

Jason Choi

General Partner

Kelvin Koh

Co-Founder and Managing Partner

Melody He

Co-Founder and Partner