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The Venture Codex

Overview

B2B venture capital firm investing in military and national security tech.

Founded

2015

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

Argentina
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

16rounds
NAMEDATESIZE
Apeiron Labs
Feb 2026Participated
$10 MSeries A
SkyFi
Jan 2026Participated
$13 MSeries A
Tidal Cyber
Sep 2025Participated
$10 MSeries A
LeakSignal
Mar 2024Participated
$2 MSeed
Tidal Cyber
Oct 2022Participated
$4 MOther Equity
XONA Systems
May 2022Participated
$7 MSeries A
Xona
May 2022Participated
$7 MSeries A
Crowdz
May 2022Participated
$10 MOther Equity
Marani
Nov 2021Participated
$8 MSeed
FruitScout
Sep 2021Led
$4 MSeed
Rhumbix
Sep 2021Participated
$11 MOther Equity
Sayari Labs
Sep 2021Participated
$40 MSeries C
Apeiron Labs
Feb 2026Participated
$10 MSeries A
SkyFi
Jan 2026Participated
$13 MSeries A
Tidal Cyber
Sep 2025Participated
$10 MSeries A
LeakSignal
Mar 2024Participated
$2 MSeed
Tidal Cyber
Oct 2022Participated
$4 MOther Equity
XONA Systems
May 2022Participated
$7 MSeries A
Xona
May 2022Participated
$7 MSeries A
Crowdz
May 2022Participated
$10 MOther Equity
Marani
Nov 2021Participated
$8 MSeed
FruitScout
Sep 2021Led
$4 MSeed
Rhumbix
Sep 2021Participated
$11 MOther Equity
Sayari Labs
Sep 2021Participated
$40 MSeries C
16
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TFX Capital: 16 funding rounds are recorded in the selected participation categories.All available history.
TFX Capital: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A07
Series B01
Series C+01
Other Equity04

Monthly Deal Activity

TFX Capital: 16 deals are recorded across 89 months.All available history.
TFX Capital: 16 deals are recorded across 89 months. All available history
MonthDeals
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 '201
Aug '200
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '213
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '223
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
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 '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

TFX Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (6 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.

TFX Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Networks, Cloud & Communication6
Fintech5
Data, Analytics & IT5
Enterprise Software4
Cybersecurity & Privacy4
AI & Machine Learning4
Transportation & Logistics3
Health & Life Sciences2
Space & Frontier Tech2
Marketing & Advertising1
Food & Agriculture1
Clean Energy & Sustainability1
Real Estate & Construction1

Deal Size Distribution

TFX Capital: 16 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.

TFX Capital: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M5
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TFX Capital: United States has the largest recorded deal count among the displayed regions (15 deals).All available history.

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

TFX Capital: United States has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
United States15
Argentina1
TFX Capital: 20 co-investors are shown, with Bold Capital Partners 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

TFX Capital: Led accounts for 6% and participating for 94% of round participation.All available history.
TFX Capital: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led16%
Participating1594%
TFX Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
TFX Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Brandon Shelton

Founder & Managing Partner