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The Venture Codex

Overview

High-frequency trading firm utilizing advanced technology and analytics.

Founded

1998

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

Canada
India
United States

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
The American Baby Company
Jul 2026Led
$4 MSeed
Procurement Sciences AI
Nov 2025Participated
$30 MSeries B
Mentium
Oct 2025Participated
$3 MSeed
National Commodity & Derivatives Exchange (NCDEX)
Sep 2025Participated
$88 MOther Equity
SalesDraft
Aug 2025Led
$3 MOther Equity
Atomic Canyon
May 2025Participated
$7 MSeed
CaseBlink
Mar 2025Led
$2 MSeed
Bluefin
Jun 2024Participated
$17 MOther Equity
Procurement Sciences AI
Apr 2024Participated
$10 MSeries A
Sk3w Technologies
Jul 2023Led
$7 MSeries A
Sporttrade
Jun 2021Participated
$36 MOther Equity
The American Baby Company
Jul 2026Led
$4 MSeed
Procurement Sciences AI
Nov 2025Participated
$30 MSeries B
Mentium
Oct 2025Participated
$3 MSeed
National Commodity & Derivatives Exchange (NCDEX)
Sep 2025Participated
$88 MOther Equity
SalesDraft
Aug 2025Led
$3 MOther Equity
Atomic Canyon
May 2025Participated
$7 MSeed
CaseBlink
Mar 2025Led
$2 MSeed
Bluefin
Jun 2024Participated
$17 MOther Equity
Procurement Sciences AI
Apr 2024Participated
$10 MSeries A
Sk3w Technologies
Jul 2023Led
$7 MSeries A
Sporttrade
Jun 2021Participated
$36 MOther Equity
11
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Insights

Time horizon

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Deal Distribution

Tower Research Capital: 11 funding rounds are recorded in the selected participation categories.All available history.
Tower Research Capital: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22
Series A11
Series B01
Other Equity13

Monthly Deal Activity

Tower Research Capital: 11 deals are recorded across 65 months.All available history.
Tower Research Capital: 11 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
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 '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Tower Research Capital: AI & Machine Learning 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.

Tower Research Capital: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Fintech5
Enterprise Software5
Networks, Cloud & Communication2
Professional Services2
Crypto & Blockchain1
Health & Life Sciences1
Gaming & eSports1
Data, Analytics & IT1
Space & Frontier Tech1

Deal Size Distribution

Tower Research Capital: 11 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.

Tower Research Capital: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M2
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Tower Research Capital: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Tower Research Capital: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Canada1
India1
Tower Research Capital: 20 co-investors are shown, with Battery Ventures sharing 2 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

Tower Research Capital: Led accounts for 36% and participating for 64% of round participation.All available history.
Tower Research Capital: Led accounts for 36% and participating for 64% of round participation. All available history
CategoryDeals (count)Share (%)
Led436%
Participating764%
Tower Research Capital: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Tower Research Capital: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead125%
Co-led375%

Team

Ravi Sarma

Partner and Portfolio Manager