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The Venture Codex

Overview

Scouts and commercializes early-stage technologies into startups.

Founded

2010

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

Canada

Sector focus

Audio
Automotive
Computer Vision
Consumer Electronics
...

Investment portfolio

14rounds
NAMEDATESIZE
Shearwater Aerospace
Feb 2026Led
$3 MSeed
INLAN
Dec 2025Participated
$5 MSeries A
HaiLa Technologies Inc.
Oct 2023Participated
$10 MOther Equity
AAVAA
Feb 2023Participated
$1 MSeed
Latys
Feb 2023Participated
$3 MSeed
Edgehog
Jul 2021Led
$1 MSeed
ORA Graphene Audio Inc.
Jun 2021Participated
$3 MSeed
Soundskrit
Jun 2021Participated
$3 MSeed
C2RO
Jun 2019Participated
$2 MOther Equity
C2RO
May 2018Participated
$1 MSeed
Soundskrit
Jan 2018Led
$0.57 MSeed
Sportlogiq
Aug 2017Participated
$5 MSeries A
Shearwater Aerospace
Feb 2026Led
$3 MSeed
INLAN
Dec 2025Participated
$5 MSeries A
HaiLa Technologies Inc.
Oct 2023Participated
$10 MOther Equity
AAVAA
Feb 2023Participated
$1 MSeed
Latys
Feb 2023Participated
$3 MSeed
Edgehog
Jul 2021Led
$1 MSeed
ORA Graphene Audio Inc.
Jun 2021Participated
$3 MSeed
Soundskrit
Jun 2021Participated
$3 MSeed
C2RO
Jun 2019Participated
$2 MOther Equity
C2RO
May 2018Participated
$1 MSeed
Soundskrit
Jan 2018Led
$0.57 MSeed
Sportlogiq
Aug 2017Participated
$5 MSeries A
14
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TandemLaunch: 14 funding rounds are recorded in the selected participation categories.All available history.
TandemLaunch: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed36
Series A03
Other Equity02

Monthly Deal Activity

TandemLaunch: 14 deals are recorded across 136 months.All available history.
TandemLaunch: 14 deals are recorded across 136 months. All available history
MonthDeals
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '161
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '181
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 '191
Jul '190
Aug '190
Sep '190
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 '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '212
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '232
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
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 '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

TandemLaunch: Hardware & Robotics is the largest displayed sector by deal count (7 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.

TandemLaunch: Hardware & Robotics is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Hardware & Robotics7
Data, Analytics & IT5
Media & Entertainment4
AI & Machine Learning4
Space & Frontier Tech4
Networks, Cloud & Communication3
Enterprise Software3
Manufacturing3
Consumer & Lifestyle2
E-Commerce & Retail2
Health & Life Sciences1
AR/VR1

Deal Size Distribution

TandemLaunch: 14 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.

TandemLaunch: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M2
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TandemLaunch: Canada has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

TandemLaunch: Canada has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
Canada14
TandemLaunch: 20 co-investors are shown, with Anges Québec Capital 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

TandemLaunch: Led accounts for 21% and participating for 79% of round participation.All available history.
TandemLaunch: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led321%
Participating1179%
TandemLaunch: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
TandemLaunch: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Alexandre Borowczyk

Entrepreneur In Residence

Eleonora Vella

Chief of Staff

Emilie Boutros

Managing Partner

Helge Seetzen

Managing Partner & CEO

Steve Liu

Fellow

Viththiya Mahendrarajah

Staff Accountant