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The Venture Codex

Overview

Identifies and scales promising companies in AI and software sectors.

Founded

2011

Deals ยท 12mo

2

Stage focus

Series B
Series C

Geographic focus

Australia
United States

Sector focus

Cloud Infrastructure
Cyber Security
Financial Services
Internet of Things
...

Investment portfolio

81rounds
NAMEDATESIZE
Flex
Jul 2026Participated
$70 MSeries B
Wealth.com
Apr 2026Participated
$65 MSeries B
OpenSolar
Oct 2025Participated
$20 MOther Equity
Alvys
Sep 2025Participated
$40 MSeries B
BuildOps
Mar 2025Participated
$127 MSeries C
Flex
Mar 2025Led
$225 MDebt
Flex
Mar 2025Led
$225 MDebt
Bedrock Energy
Jan 2025Led
$12 MSeries A
BforeAI
Jan 2025Led
$10 MSeries B
RapidCanvas
Dec 2024Participated
$16 MSeries A
Document Crunch
Oct 2024Led
$22 MSeries B
Alvys
Jul 2024Led
$21 MSeries A
Flex
Jul 2026Participated
$70 MSeries B
Wealth.com
Apr 2026Participated
$65 MSeries B
OpenSolar
Oct 2025Participated
$20 MOther Equity
Alvys
Sep 2025Participated
$40 MSeries B
BuildOps
Mar 2025Participated
$127 MSeries C
Flex
Mar 2025Led
$225 MDebt
Flex
Mar 2025Led
$225 MDebt
Bedrock Energy
Jan 2025Led
$12 MSeries A
BforeAI
Jan 2025Led
$10 MSeries B
RapidCanvas
Dec 2024Participated
$16 MSeries A
Document Crunch
Oct 2024Led
$22 MSeries B
Alvys
Jul 2024Led
$21 MSeries A
81
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Telstra Ventures: 81 funding rounds are recorded in the selected participation categories.All available history.
Telstra Ventures: 81 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A75
Series B1117
Series C+519
Other Equity212
Debt20

Monthly Deal Activity

Telstra Ventures: 81 deals are recorded across 161 months.All available history.
Telstra Ventures: 81 deals are recorded across 161 months. All available history
MonthDeals
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '141
Sep '140
Oct '141
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '161
Jul '160
Aug '160
Sep '160
Oct '161
Nov '162
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '171
Jan '182
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '181
Aug '181
Sep '181
Oct '182
Nov '180
Dec '181
Jan '190
Feb '191
Mar '190
Apr '190
May '193
Jun '190
Jul '190
Aug '191
Sep '191
Oct '190
Nov '190
Dec '190
Jan '202
Feb '200
Mar '201
Apr '200
May '202
Jun '200
Jul '202
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '211
Apr '210
May '211
Jun '212
Jul '212
Aug '212
Sep '211
Oct '213
Nov '211
Dec '211
Jan '220
Feb '221
Mar '221
Apr '220
May '222
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '232
Feb '230
Mar '231
Apr '232
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '231
Nov '231
Dec '230
Jan '240
Feb '240
Mar '241
Apr '242
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '241
Nov '240
Dec '241
Jan '252
Feb '250
Mar '253
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Telstra Ventures: Enterprise Software is the largest displayed sector by deal count (41 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.

Telstra Ventures: Enterprise Software is the largest displayed sector by deal count (41 deals). All available history
SectorDeals
Enterprise Software41
Networks, Cloud & Communication23
AI & Machine Learning16
Data, Analytics & IT15
Cybersecurity & Privacy14
Fintech13
E-Commerce & Retail11
Developer Tools11
Hardware & Robotics8
Professional Services7
Marketing & Advertising6
Transportation & Logistics5
Real Estate & Construction4
Consumer & Lifestyle4
Travel & Hospitality3
Health & Life Sciences3
Clean Energy & Sustainability2
Education & Workforce1
Government & Defense1
AR/VR1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Telstra Ventures: 81 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.

Telstra Ventures: 81 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M3
$10M-$25M22
$25M-$50M26
$50M-$100M17
$100M-$250M9
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Telstra Ventures: United States has the largest recorded deal count among the displayed regions (66 deals).All available history.

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

Telstra Ventures: United States has the largest recorded deal count among the displayed regions (66 deals). All available history
RegionDeals
United States66
Australia6
Singapore2
South Africa1
Europe1
911241
100191
Israel1
Canada1
India1
Telstra Ventures: 20 co-investors are shown, with Google Ventures sharing 6 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

Telstra Ventures: Led accounts for 33% and participating for 67% of round participation.All available history.
Telstra Ventures: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led2733%
Participating5467%
Telstra Ventures: Single-lead accounts for 85% and co-led for 15% of lead dynamics.All available history.
Telstra Ventures: Single-lead accounts for 85% and co-led for 15% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2385%
Co-led415%

Team

Geoff Dolphin

Chief Financial Officer

Gurpreet Ghuliani

Operating Partner

Jonathan Serfaty

Partner and Head of Data

Marcus Bartram

General Partner

Mark Sherman

Managing Partner

Matthew Koertge

Managing Director

Stephen Schmidt

General Partner

Yash Patel

General Partner