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The Venture Codex

Tidemark

855 Oak Grove Ave. Suite 101, Menlo Park, CA, 94025, United States

Overview

A venture capital firm, foundation, and community built to serve category-leading technology companies as they scale.

Total investments
5
Lead investments
2
Investments · 12mo
1
Active investors
7

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Nexl

    Led · Series B · Oct 2025

    Founded in 2018, Nexl has built a vertical SaaS platform that turns lawyers, marketing, and business-development teams into a single growth engine by combining CRM, relationship intelligence, and market data. More than 150 law firms worldwide, including multiple AmLaw 100 practices, rely on the software to systematize growth plans, expand client relationships, and improve profitability. The company positions itself as a modern alternative to legacy CRMs, aiming to make business development both scalable and lawyer-friendly. With fresh capital, Nexl plans to accelerate AI product innovation, pursue acquisitions, and bolster its leadership team. Its ultimate goal is to become the go-to operating system for law-firm growth. Nexl operates from a headquarters in Sydney, with leadership hubs in New York and Chicago, and has been recognized by the Financial Times as one of the fastest-growing companies in Australia/APAC. No revenue figures were disclosed, but the customer base and expansion plans signal growing market traction.

  • Onfly

    Led · Series B · Apr 2025

    Onfly provides a platform that digitizes and streamlines corporate travel and expense management for more than 2,000 companies, offering a full inventory of digitized flights, hotels, buses and rental cars. Its integrated travel and expense management solution includes a corporate card launched in 2022 that is used by 65% of its customers. In two years the card has processed approximately $35 million in total payment volume, and the company reports a 110% CAGR over the last four years. Onfly projects reaching $250 million in gross merchandise volume (GMV) in 2025 and plans to onboard 2,500 clients in Mexico by 2027 as part of its Latin America expansion. The company is led by CEO Marcelo Linhares and was founded in 2018 in São Paulo. Founded in September 2018, Onfly offers a technology-driven platform that began by simplifying corporate booking and approval workflows and has expanded to automate expense reporting, advances, receipt scanning, reimbursements, and analytics. The product set also includes a prepaid corporate card that can eliminate advances and reimbursement requests. Onfly serves almost 1,000 customers ranging from small businesses to enterprise clients and has about 200 employees. The company plans to continue building technology to further digitize corporate travel in Brazil and across Latin America. It intends to use new capital to scale its sales, marketing, and technology teams, launch new products, and explore acquisitions. The platform targets end-to-end corporate travel and expense management for companies of varied sizes.

  • Clio

    Participated · Series F · Jul 2024

    Clio is a Vancouver-based legal technology company offering an Intelligent Legal Work Platform that fuses practice management, research, drafting and operational tools into AI-driven workflows. Core products such as Clio Work, Clio Manage, Clio Grow, Clio Draft and the newly re-branded Clio Operate serve firms of every size by connecting the business and practice of law. The November 2025 purchase of vLex adds Vincent AI and a library of more than one billion enriched legal documents across 110 jurisdictions, giving Clio unmatched legal intelligence. The company reports hundreds of thousands of professional users in over 130 countries and endorsements from more than 100 bar associations and law societies. The vLex deal also brings 350+ additional experts in law, data and technology onto the team. Looking ahead, Clio plans to deepen its enterprise push through the "Clio for Enterprise" division and to continue strategic M&A that extends its global reach. Financially, Clio secured a $500 million Series G at a $5 billion valuation and a $350 million debt facility in 2025, equipping it with significant resources for AI innovation and expansion.

  • Contentful

    Participated · Series F · Jul 2021

    Contentful provides core APIs for reading, writing and globally delivering images, words and other digital content to apps and websites, abstracting CDN and bandwidth concerns for developers. The company positions itself as a content delivery and headless CMS platform that aims to handle the world’s digital content similar to how Twilio and Stripe serve their categories. Contentful declined to share detailed growth or GAAP metrics with the press, saying selective disclosure can cause future comparisons to public filings to be misleading. TechCrunch suggested present-day ARR of roughly $75 million and reported the company has about 600 employees across hubs in Denver, Berlin and San Francisco. Management expects to more than double headcount over the next two years. The company is positioning toward an eventual IPO and plans to use the new capital to continue expanding its product and go-to-market efforts. Contentful offers a headless content management system that lets customers build and deliver digital experiences across web, mobile, and other platforms. The company says 28% of the Fortune 500 use its platform and it has 2,200 paying customers, including Spotify, ITV, the British Museum, Telus and Urban Outfitters. Leadership frames demand as driven by companies’ need to become digital-first and by accelerated digital adoption during the COVID crisis. Contentful recently hired Bridget Perry, formerly of Adobe, as CMO to scale marketing and go-to-market efforts. The company plans to use new funding to expand GTM and to invest heavily in R&D to solve adjacent customer problems. A spokesperson said Contentful is approaching a $1 billion valuation and has raised $158.3 million to date. Contentful offers a hosted headless content management platform used by customers including Spotify, Nike and Lyft to power web and mobile applications. The company originally focused on native mobile but now supports web-based applications and treats many sites as applications. Contentful began as a developer-focused product but is shifting toward larger enterprise accounts, aided by relationships with strategic backers. It operates as a hosted-only service and currently has no plans to offer a self-hosted version. Near-term product work includes deeper integrations with enterprise stacks, GraphQL support, an expanded rich-text editor, and a recently launched new editing experience. About 80% of Contentful’s customers are in Europe and North America, and the company is based in Berlin and San Francisco. Contentful is a 'headless' cloud content management platform that exposes APIs for developers to ingest, manage and deliver content across multiple devices and interfaces. Unlike traditional CMSs, it provides no front end, positioning itself as a backend platform similar to Stripe for payments. First rolled out in beta in 2013, the freemium product reports 130,000 developers and "thousands" of paying customers, with notable clients including Uber, Lyft, Samsung, Spotify, WeWork, R/GA and AKQA. The company targets delivery to emerging interfaces such as voice, VR and other connected devices that require flexible content delivery. Contentful has raised $45 million to date and said the latest round was an upround, though it did not disclose valuation. The startup plans to use the new funding to hire, expand its product and grow its U.S. business, where 60–70% of its business already resides. Contentful is an API-first content management system that provides a developer platform for developers and marketers to deliver content to devices beyond desktop. The company says it addresses limitations of traditional CMS like Wordpress and Drupal, which were built for desktop websites. CEO Sascha Konietzke said Contentful alleviates hurdles for developers and makes companies more productive. Benchmark partner Eric Vishria noted the startup already has strong traction with developers. As part of its growth plan the German startup will open a San Francisco office, make new hires, and continue developing its product. From its base in Berlin the company already sells most of its software in the US.

  • Kajabi

    Participated · Equity · May 2021

    Kajabi is an e-commerce platform for knowledge-economy entrepreneurs that enables users to publish, market, and sell online courses, membership sites, communities, and other digital products. Founded in 2010 and led by CEO Kenny Rueter, the company serves tens of thousands of entrepreneurs. Kajabi reports it has helped those entrepreneurs generate over $2 billion in sales from nearly 50 million customers to date. The company raised significant growth equity funding that values it at over $2 billion. Kajabi plans to use the funds to scale its team, build products, expand internationally, and pursue strategic mergers and acquisitions. As part of the financing, Scott Wagner, former GoDaddy CEO and Tidemark advisor, will join Kajabi’s board of directors. Kajabi provides an integrated toolkit — webpages, blogs, email marketing, marketing automation, digital delivery and webinars — for creators and online course businesses. The company was founded by former commodities trader Kenny Rueter and was initially bootstrapped and profitable since launch. Last November it accepted a minority equity investment from Spectrum Equity Partners, its first outside capital a bit over a decade after founding. Kajabi has seen rapid adoption during the COVID-19 pandemic and reported a run rate that crossed $60 million ARR in August. The company says it has helped roughly 41 million users access educational content and that customers have generated over $1 billion in sales/recorded transactions. With more than 100 employees, Kajabi says it is on a pandemic-driven trajectory that should set it up for significant growth as the broader online-learning and solopreneur markets expand.

Team