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The Venture Codex

Overview

Venture capital firm investing in breakthrough technologies and founders.

Founded

2022

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Germany
United States

Sector focus

—

Investment portfolio

15rounds
NAMEDATESIZE
BackOps AI
Sep 2026Participated
$42 MSeries B
BackOps AI
Mar 2026Participated
$26 MSeries A
Myriad AI
Sep 2025Participated
$8 MSeed
Cascade Biocatalysts
Sep 2025Participated
$3 MSeed
Sola
Aug 2025Participated
$8 MSeries A
BackOps AI
Jun 2025Participated
$6 MSeed
Incept AI
Feb 2025Participated
$3 MSeed
Athenic AI
Jan 2025Participated
$4 MSeed
Sola
Dec 2024Participated
$4 MSeed
BackOps AI
Oct 2024Participated
$2 MSeed
Approveit
Sep 2024Participated
$1 MOther Equity
Usage AI
Sep 2023Participated
$9 MOther Equity
BackOps AI
Sep 2026Participated
$42 MSeries B
BackOps AI
Mar 2026Participated
$26 MSeries A
Myriad AI
Sep 2025Participated
$8 MSeed
Cascade Biocatalysts
Sep 2025Participated
$3 MSeed
Sola
Aug 2025Participated
$8 MSeries A
BackOps AI
Jun 2025Participated
$6 MSeed
Incept AI
Feb 2025Participated
$3 MSeed
Athenic AI
Jan 2025Participated
$4 MSeed
Sola
Dec 2024Participated
$4 MSeed
BackOps AI
Oct 2024Participated
$2 MSeed
Approveit
Sep 2024Participated
$1 MOther Equity
Usage AI
Sep 2023Participated
$9 MOther Equity
15
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Insights

Time horizon

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Deal Distribution

Ten VC: 15 funding rounds are recorded in the selected participation categories.All available history.
Ten VC: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed28
Series A02
Series B01
Other Equity02

Monthly Deal Activity

Ten VC: 15 deals are recorded across 50 months.All available history.
Ten VC: 15 deals are recorded across 50 months. All available history
MonthDeals
Sep '222
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '241
Nov '240
Dec '241
Jan '251
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '251
Sep '252
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Ten VC: AI & Machine Learning is the largest displayed sector by deal count (9 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.

Ten VC: AI & Machine Learning is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
AI & Machine Learning9
Enterprise Software8
Transportation & Logistics4
Health & Life Sciences3
Professional Services3
Fintech2
Manufacturing2
Data, Analytics & IT2
Space & Frontier Tech2
Hardware & Robotics1
Media & Entertainment1
Social & Community Platforms1

Deal Size Distribution

Ten VC: 15 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.

Ten VC: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M4
$10M-$25M0
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ten VC: United States has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Ten VC: United States has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
United States14
Europe1
Ten VC: 20 co-investors are shown, with Gradient Ventures 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

Ten VC: Led accounts for 13% and participating for 87% of round participation.All available history.
Ten VC: Led accounts for 13% and participating for 87% of round participation. All available history
CategoryDeals (count)Share (%)
Led213%
Participating1387%
Ten VC: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Ten VC: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

Ben Patterson

Managing Partner