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The Venture Codex

Overview

Investment firm focusing on AI, drones, and healthcare industries.

Founded

2011

Deals · 12mo

3

Stage focus

Seed
Series A

Geographic focus

Germany
United States

Sector focus

Financial Exchanges
Financial Services
Venture Capital

Investment portfolio

24rounds
NAMEDATESIZE
Neros Technologies
Aug 2026Participated
$250 MSeries C
Panthalassa
May 2026Led
$140 MSeries B
Alloy Therapeutics
Apr 2026Participated
$40 MSeries E
Stark Defence
Aug 2025Participated
$62 MOther Equity
Praxis
Nov 2024Participated
$525 MOther Equity
Fantasy Chess
Jun 2024Participated
$3 MSeed
Rhea
May 2024Led
$10 MOther Equity
Rollup
May 2024Led
$6 MSeed
Quantum Systems
Oct 2023Participated
$67 MSeries B
Heading Health
Jun 2023Participated
$5 MSeries A
Alloy Therapeutics
Oct 2022Participated
$42 MSeries D
QA Wolf
Sep 2022Participated
$20 MOther Equity
Neros Technologies
Aug 2026Participated
$250 MSeries C
Panthalassa
May 2026Led
$140 MSeries B
Alloy Therapeutics
Apr 2026Participated
$40 MSeries E
Stark Defence
Aug 2025Participated
$62 MOther Equity
Praxis
Nov 2024Participated
$525 MOther Equity
Fantasy Chess
Jun 2024Participated
$3 MSeed
Rhea
May 2024Led
$10 MOther Equity
Rollup
May 2024Led
$6 MSeed
Quantum Systems
Oct 2023Participated
$67 MSeries B
Heading Health
Jun 2023Participated
$5 MSeries A
Alloy Therapeutics
Oct 2022Participated
$42 MSeries D
QA Wolf
Sep 2022Participated
$20 MOther Equity
24
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Deal Distribution

Thiel Capital: 24 funding rounds are recorded in the selected participation categories.All available history.
Thiel Capital: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A14
Series B11
Series C+14
Other Equity15
Debt01

Monthly Deal Activity

Thiel Capital: 24 deals are recorded across 175 months.All available history.
Thiel Capital: 24 deals are recorded across 175 months. All available history
MonthDeals
Apr '121
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '181
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '221
Sep '221
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '242
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Thiel Capital: Health & Life Sciences is the largest displayed sector by deal count (10 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.

Thiel Capital: Health & Life Sciences is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Health & Life Sciences10
Hardware & Robotics4
Enterprise Software3
Space & Frontier Tech3
Manufacturing3
Government & Defense2
Clean Energy & Sustainability2
Networks, Cloud & Communication2
AI & Machine Learning2
Education & Workforce1
Cybersecurity & Privacy1
Real Estate & Construction1
Data, Analytics & IT1
Transportation & Logistics1
Consumer & Lifestyle1
Marketing & Advertising1
Crypto & Blockchain1
Fintech1
Media & Entertainment1
Professional Services1
Gaming & eSports1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Thiel Capital: 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.

Thiel Capital: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M6
$25M-$50M3
$50M-$100M2
$100M-$250M3
$250M-$500M3
$500M-$1B1
$1B+0

Deals By Geography

Thiel Capital: United States has the largest recorded deal count among the displayed regions (17 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Thiel Capital: United States has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
United States17
Europe4
Singapore1
Canada1
Cayman Islands1
Thiel Capital: 20 co-investors are shown, with Founders Fund 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

Thiel Capital: Led accounts for 25% and participating for 75% of round participation.All available history.
Thiel Capital: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led625%
Participating1875%
Thiel Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Thiel Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead467%
Co-led233%

Team

Brian Rowen

Chief Operating Officer

Eric Weinstein

Managing Director

Jack R. Selby

Managing Director