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The Venture Codex

Overview

Founder-first capital firm leading seed investments for entrepreneurs.

Founded

2014

Deals ยท 12mo

0

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Business Development
Finance
Financial Services
Venture Capital

Investment portfolio

51rounds
NAMEDATESIZE
Salt AI
Sep 2025Participated
$10 MOther Equity
Topanga
Mar 2025Participated
$8 MSeries A
Salt AI
Dec 2024Participated
$3 MSeed
ChangeEngine
May 2024Participated
$10 MSeries A
Paylode
Mar 2024Participated
$6 MSeed
TOPANGA
Jul 2023Participated
$4 MOther Equity
Verifiable
Jul 2023Participated
$27 MSeries B
Mythical Games
Jun 2023Participated
$37 MSeries C
Reef
Apr 2023Led
$5 MSeed
Reef.ai
Apr 2023Led
$5 MOther Equity
Soul Wallet
Mar 2023Participated
$3 MSeed
ChangeEngine
Feb 2023Led
$6 MSeed
Salt AI
Sep 2025Participated
$10 MOther Equity
Topanga
Mar 2025Participated
$8 MSeries A
Salt AI
Dec 2024Participated
$3 MSeed
ChangeEngine
May 2024Participated
$10 MSeries A
Paylode
Mar 2024Participated
$6 MSeed
TOPANGA
Jul 2023Participated
$4 MOther Equity
Verifiable
Jul 2023Participated
$27 MSeries B
Mythical Games
Jun 2023Participated
$37 MSeries C
Reef
Apr 2023Led
$5 MSeed
Reef.ai
Apr 2023Led
$5 MOther Equity
Soul Wallet
Mar 2023Participated
$3 MSeed
ChangeEngine
Feb 2023Led
$6 MSeed
51
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Insights

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Deal Distribution

Struck Capital: 51 funding rounds are recorded in the selected participation categories.All available history.
Struck Capital: 51 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed610
Series A012
Series B05
Series C+03
Other Equity58
Debt02

Monthly Deal Activity

Struck Capital: 51 deals are recorded across 123 months.All available history.
Struck Capital: 51 deals are recorded across 123 months. All available history
MonthDeals
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '182
May '181
Jun '181
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '191
Sep '190
Oct '191
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '201
Jun '201
Jul '200
Aug '200
Sep '201
Oct '201
Nov '200
Dec '201
Jan '211
Feb '211
Mar '210
Apr '211
May '210
Jun '210
Jul '212
Aug '210
Sep '211
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '221
May '221
Jun '220
Jul '221
Aug '220
Sep '223
Oct '222
Nov '222
Dec '221
Jan '230
Feb '231
Mar '231
Apr '232
May '230
Jun '231
Jul '232
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
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

Struck Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (15 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.

Struck Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Networks, Cloud & Communication15
Enterprise Software13
Fintech11
AI & Machine Learning9
Health & Life Sciences8
Crypto & Blockchain7
Media & Entertainment7
Professional Services6
Marketing & Advertising5
Data, Analytics & IT4
Food & Agriculture4
AR/VR3
Hardware & Robotics3
Gaming & eSports3
Developer Tools3
E-Commerce & Retail2
Transportation & Logistics2
Government & Defense1
Clean Energy & Sustainability1
Space & Frontier Tech1
Social & Community Platforms1

Deal Size Distribution

Struck Capital: 51 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.

Struck Capital: 51 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M13
$10M-$25M14
$25M-$50M5
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Struck Capital: United States has the largest recorded deal count among the displayed regions (41 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Struck Capital: United States has the largest recorded deal count among the displayed regions (41 deals). All available history
RegionDeals
United States41
Europe4
Canada3
331311
Virgin Islands1
Japan1
Struck Capital: 20 co-investors are shown, with Alumni Ventures sharing 5 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

Struck Capital: Led accounts for 22% and participating for 78% of round participation.All available history.
Struck Capital: Led accounts for 22% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led1122%
Participating4078%
Struck Capital: Single-lead accounts for 82% and co-led for 18% of lead dynamics.All available history.
Struck Capital: Single-lead accounts for 82% and co-led for 18% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead982%
Co-led218%

Team

Adam B. Struck

Founder & Managing Partner

Avin Arumugam

Operating Partner, Product & Payments

Greg Stofman

Principal

Michael Montero

Operating Partner, Technology

Patrick Lahue

Head of Platform