The Venture Codex Logo

The Venture Codex

Overview

Seed-stage venture capital firm focused on SaaS and B2B companies.

Founded

2018

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Canada
United Kingdom
United States

Sector focus

Artificial Intelligence (AI)
B2B
Machine Learning
SaaS
...

Investment portfolio

9rounds
NAMEDATESIZE
Cyder
Feb 2026Participated
$3 MSeed
Glowtify
Nov 2025Participated
$3 MSeed
Styx Intelligence
Mar 2025Participated
$3 MSeed
Rithmik Solutions
Mar 2024Participated
$2 MOther Equity
Levr.ai
Feb 2024Led
$1 MSeed
Dyne
Apr 2023Participated
$2 MSeed
Levr.ai
Feb 2023Led
$1 MSeed
Truffle
Jul 2022Participated
$2 MSeed
Care2Talk
Jun 2022Participated
$1 MOther Equity
Cyder
Feb 2026Participated
$3 MSeed
Glowtify
Nov 2025Participated
$3 MSeed
Styx Intelligence
Mar 2025Participated
$3 MSeed
Rithmik Solutions
Mar 2024Participated
$2 MOther Equity
Levr.ai
Feb 2024Led
$1 MSeed
Dyne
Apr 2023Participated
$2 MSeed
Levr.ai
Feb 2023Led
$1 MSeed
Truffle
Jul 2022Participated
$2 MSeed
Care2Talk
Jun 2022Participated
$1 MOther Equity
9
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Sprout Fund: 9 funding rounds are recorded in the selected participation categories.All available history.
Sprout Fund: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed25
Other Equity02

Monthly Deal Activity

Sprout Fund: 9 deals are recorded across 53 months.All available history.
Sprout Fund: 9 deals are recorded across 53 months. All available history
MonthDeals
Jun '221
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Sprout Fund: Enterprise Software is the largest displayed sector by deal count (5 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.

Sprout Fund: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Networks, Cloud & Communication3
E-Commerce & Retail3
AI & Machine Learning3
Marketing & Advertising2
Fintech2
Food & Agriculture2
Transportation & Logistics1
Travel & Hospitality1
Cybersecurity & Privacy1
Health & Life Sciences1
Clean Energy & Sustainability1
Professional Services1
Data, Analytics & IT1

Deal Size Distribution

Sprout Fund: 9 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.

Sprout Fund: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sprout Fund: Canada has the largest recorded deal count among the displayed regions (7 deals).All available history.

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

Sprout Fund: Canada has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Canada7
Europe1
United States1
Sprout Fund: 20 co-investors are shown, with Weave VC sharing 3 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

Sprout Fund: Led accounts for 22% and participating for 78% of round participation.All available history.
Sprout Fund: Led accounts for 22% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led222%
Participating778%
Sprout Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Sprout Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Mark Benning

Founder & General Partner