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The Venture Codex

Overview

Studio incubating and launching data-driven businesses and applications.

Founded

2012

Deals · 12mo

0

Stage focus

Seed
Series A

Geographic focus

Brazil
India
United States

Sector focus

Big Data
Finance
FinTech
Incubators

Investment portfolio

24rounds
NAMEDATESIZE
Diskover
Jun 2025Participated
$8 MSeed
System Two Security
Dec 2024Participated
$7 MOther Equity
Vantage Discovery
Jun 2024Participated
$16 MSeries A
Sonet.io
Apr 2023Led
$6 MSeed
Geminus
Jun 2022Participated
$6 MSeed
CloudWalk
Nov 2021Participated
$150 MSeries C
InShare Services Inc.
Aug 2021Participated
$8 MOther Equity
CloudWalk
May 2021Participated
$190 MSeries B
Altizon Systems
Apr 2019Participated
$7 MSeries A
Lightning Labs
Mar 2018Participated
$3 MSeed
Astound
Jan 2018Participated
$12 MSeries A
FogHorn
Oct 2017Participated
$30 MSeries B
Diskover
Jun 2025Participated
$8 MSeed
System Two Security
Dec 2024Participated
$7 MOther Equity
Vantage Discovery
Jun 2024Participated
$16 MSeries A
Sonet.io
Apr 2023Led
$6 MSeed
Geminus
Jun 2022Participated
$6 MSeed
CloudWalk
Nov 2021Participated
$150 MSeries C
InShare Services Inc.
Aug 2021Participated
$8 MOther Equity
CloudWalk
May 2021Participated
$190 MSeries B
Altizon Systems
Apr 2019Participated
$7 MSeries A
Lightning Labs
Mar 2018Participated
$3 MSeed
Astound
Jan 2018Participated
$12 MSeries A
FogHorn
Oct 2017Participated
$30 MSeries B
24
Items
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Insights

Time horizon

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Deal Distribution

The Hive: 24 funding rounds are recorded in the selected participation categories.All available history.
The Hive: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed46
Series A08
Series B03
Series C+01
Other Equity02

Monthly Deal Activity

The Hive: 24 deals are recorded across 150 months.All available history.
The Hive: 24 deals are recorded across 150 months. All available history
MonthDeals
May '141
Jun '140
Jul '141
Aug '140
Sep '140
Oct '141
Nov '140
Dec '140
Jan '150
Feb '150
Mar '152
Apr '150
May '150
Jun '154
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '161
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '181
Feb '180
Mar '181
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 '191
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 '211
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
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 '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

The Hive: Networks, Cloud & Communication is the largest displayed sector by deal count (12 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 Hive: Networks, Cloud & Communication is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Networks, Cloud & Communication12
AI & Machine Learning11
Data, Analytics & IT9
Enterprise Software6
Cybersecurity & Privacy4
Fintech4
Professional Services4
E-Commerce & Retail3
Space & Frontier Tech3
Hardware & Robotics3
Manufacturing3
Developer Tools3
AR/VR2
Media & Entertainment2
Clean Energy & Sustainability1
Real Estate & Construction1
Consumer & Lifestyle1
Crypto & Blockchain1
Marketing & Advertising1
Gaming & eSports1

Deal Size Distribution

The Hive: 24 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 Hive: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M9
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

The Hive: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

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

The Hive: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Brazil2
India2
Europe2
The Hive: 20 co-investors are shown, with March Capital sharing 5 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 Hive: Led accounts for 17% and participating for 83% of round participation.All available history.
The Hive: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led417%
Participating2083%
The Hive: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
The Hive: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Everson Lopes

MD, The Hive Brazil

Kamesh Raghavendra

Chief Product Officer

T.M. Ravi

Founder & Managing Director