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The Venture Codex

Overview

Venture capital firm supporting early-stage startups and growth strategies.

Founded

2018

Deals ยท 12mo

7

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Business Development
Finance
Financial Services
Venture Capital

Investment portfolio

40rounds
NAMEDATESIZE
Thatch
Sep 2026Led
$108 MSeries C
Multiplier Holdings
Aug 2026Led
$35 MSeries B
Integral
Jul 2026Participated
$25 MOther Equity
Minerva
Jun 2026Participated
$20 MSeries A
Ultralight
Apr 2026Led
$9 MSeed
Meridian
Feb 2026Led
$17 MSeed
Defakto
Oct 2025Participated
$31 MSeries B
Manas AI
Sep 2025Participated
$26 MSeed
Cassidy
Sep 2025Participated
$10 MSeries A
Preview
Sep 2025Led
$2 MSeed
Runloop
Jul 2025Led
$7 MSeed
Olto
Jul 2025Led
$5 MSeed
Thatch
Sep 2026Led
$108 MSeries C
Multiplier Holdings
Aug 2026Led
$35 MSeries B
Integral
Jul 2026Participated
$25 MOther Equity
Minerva
Jun 2026Participated
$20 MSeries A
Ultralight
Apr 2026Led
$9 MSeed
Meridian
Feb 2026Led
$17 MSeed
Defakto
Oct 2025Participated
$31 MSeries B
Manas AI
Sep 2025Participated
$26 MSeed
Cassidy
Sep 2025Participated
$10 MSeries A
Preview
Sep 2025Led
$2 MSeed
Runloop
Jul 2025Led
$7 MSeed
Olto
Jul 2025Led
$5 MSeed
40
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Insights

Time horizon

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Deal Distribution

The General Partnership: 40 funding rounds are recorded in the selected participation categories.All available history.
The General Partnership: 40 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed145
Series A07
Series B25
Series C+11
Other Equity23

Monthly Deal Activity

The General Partnership: 40 deals are recorded across 54 months.All available history.
The General Partnership: 40 deals are recorded across 54 months. All available history
MonthDeals
May '221
Jun '221
Jul '220
Aug '221
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '232
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '242
Mar '241
Apr '243
May '241
Jun '240
Jul '242
Aug '241
Sep '240
Oct '240
Nov '240
Dec '242
Jan '251
Feb '250
Mar '251
Apr '253
May '251
Jun '250
Jul '252
Aug '250
Sep '253
Oct '251
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '261
May '260
Jun '261
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

The General Partnership: Enterprise Software is the largest displayed sector by deal count (17 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.

The General Partnership: Enterprise Software is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Enterprise Software17
AI & Machine Learning16
Cybersecurity & Privacy8
Fintech8
Data, Analytics & IT7
Networks, Cloud & Communication7
Health & Life Sciences6
Developer Tools6
Government & Defense3
Crypto & Blockchain3
Media & Entertainment3
Education & Workforce1
Transportation & Logistics1
Marketing & Advertising1
Professional Services1
Social & Community Platforms1

Deal Size Distribution

The General Partnership: 40 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.

The General Partnership: 40 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M8
$10M-$25M9
$25M-$50M9
$50M-$100M3
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

The General Partnership: United States has the largest recorded deal count among the displayed regions (37 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

The General Partnership: United States has the largest recorded deal count among the displayed regions (37 deals). All available history
RegionDeals
United States37
Singapore1
112491
Europe1
The General Partnership: 20 co-investors are shown, with XYZ Venture Capital sharing 8 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

The General Partnership: Led accounts for 48% and participating for 53% of round participation.All available history.
The General Partnership: Led accounts for 48% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led1948%
Participating2153%
The General Partnership: Single-lead accounts for 53% and co-led for 47% of lead dynamics.All available history.
The General Partnership: Single-lead accounts for 53% and co-led for 47% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1053%
Co-led947%

Team

Alec Flett

Principal Software Engineer

Ben Cmejla

Investments

Daniel Portillo

Co-Founder

Justin Rosenthal

Principal Engineer

Phin Barnes

Co-Founder