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The Venture Codex

Overview

Advisory and capital market services including investment banking.

Founded

1855

Deals ยท 12mo

6

Stage focus

Debt

Geographic focus

Canada
United Kingdom
United States

Sector focus

Banking
Finance
Financial Services

Investment portfolio

10rounds
NAMEDATESIZE
Flexential
Aug 2026Led
$800 MDebt
Nscale
Jul 2026Participated
$900 MDebt
DataBank
Jun 2026Participated
$1.4 BDebt
DC BLOX
May 2026Participated
$585 MDebt
Cerebras Systems
Apr 2026Led
$850 MDebt
VoltaGrid
Nov 2025Participated
$5.0 BDebt
DataBank
Apr 2023Led
$350 MDebt
Mobilitie
Nov 2015Led
$325 MDebt
Datapipe
May 2011Led
$176 MDebt
Greengate Power
Dec 2010Participated
$6 MOther Equity
Flexential
Aug 2026Led
$800 MDebt
Nscale
Jul 2026Participated
$900 MDebt
DataBank
Jun 2026Participated
$1.4 BDebt
DC BLOX
May 2026Participated
$585 MDebt
Cerebras Systems
Apr 2026Led
$850 MDebt
VoltaGrid
Nov 2025Participated
$5.0 BDebt
DataBank
Apr 2023Led
$350 MDebt
Mobilitie
Nov 2015Led
$325 MDebt
Datapipe
May 2011Led
$176 MDebt
Greengate Power
Dec 2010Participated
$6 MOther Equity
10
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TD Securities: 10 funding rounds are recorded in the selected participation categories.All available history.
TD Securities: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity01
Debt54

Monthly Deal Activity

TD Securities: 10 deals are recorded across 191 months.All available history.
TD Securities: 10 deals are recorded across 191 months. All available history
MonthDeals
Dec '101
Jan '110
Feb '110
Mar '110
Apr '110
May '111
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '151
Dec '150
Jan '160
Feb '160
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 '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
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 '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 '210
Jul '210
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 '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
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 '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '261
Jun '261
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

TD Securities: Networks, Cloud & Communication 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.

TD Securities: Networks, Cloud & Communication is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Networks, Cloud & Communication5
Data, Analytics & IT5
Hardware & Robotics3
Professional Services3
Enterprise Software2
AI & Machine Learning2
Clean Energy & Sustainability2
Cybersecurity & Privacy1
Space & Frontier Tech1

Deal Size Distribution

TD Securities: 10 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.

TD Securities: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M1
$250M-$500M2
$500M-$1B4
$1B+2

Deals By Geography

TD Securities: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

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

TD Securities: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Canada1
Europe1
TD Securities: 20 co-investors are shown, with Citi sharing 4 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

TD Securities: Led accounts for 50% and participating for 50% of round participation.All available history.
TD Securities: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led550%
Participating550%
TD Securities: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
TD Securities: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead240%
Co-led360%

Team

Greg Barnes

Managing Director, Head of Mining Research

Martin Shen

Summer Analyst

Martine Irman

Vice Chair, Head of Global Enterprise Banking

Michael Faralla

Head of Global Mining Investment and Banking

Riaz Ahmed

President and CEO

Rona Ambrose

Deputy Chairwoman