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The Venture Codex

Overview

Provider of venture debt and equipment financing for growth-stage companies

Founded

2008

Deals · 12mo

16

Stage focus

Debt

Geographic focus

United Kingdom
United States

Sector focus

Finance
Financial Services
Lending
Venture Capital

Investment portfolio

63rounds
NAMEDATESIZE
Wayflyer
Sep 2026Led
$50 MDebt
inKind
Aug 2026Participated
$414 MDebt
Dwelly
Jul 2026Participated
$170 MSeries B
Pearl Health
Jul 2026Led
$110 MDebt
Astranis
May 2026Participated
$455 MSeries E
Torus
May 2026Led
$35 MDebt
Iantrek
Apr 2026Led
$30 MOther Equity
Cala Health
Apr 2026Led
$50 MOther Equity
Hermeus
Apr 2026Participated
$350 MSeries C
Monteris Medical
Mar 2026Participated
$28 MSeries E
Emboline
Mar 2026Led
$20 MOther Equity
Dwelly
Feb 2026Participated
$93 MDebt
Wayflyer
Sep 2026Led
$50 MDebt
inKind
Aug 2026Participated
$414 MDebt
Dwelly
Jul 2026Participated
$170 MSeries B
Pearl Health
Jul 2026Led
$110 MDebt
Astranis
May 2026Participated
$455 MSeries E
Torus
May 2026Led
$35 MDebt
Iantrek
Apr 2026Led
$30 MOther Equity
Cala Health
Apr 2026Led
$50 MOther Equity
Hermeus
Apr 2026Participated
$350 MSeries C
Monteris Medical
Mar 2026Participated
$28 MSeries E
Emboline
Mar 2026Led
$20 MOther Equity
Dwelly
Feb 2026Participated
$93 MDebt
63
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Insights

Time horizon

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Deal Distribution

Trinity Capital: 63 funding rounds are recorded in the selected participation categories.All available history.
Trinity Capital: 63 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B01
Series C+05
Other Equity283
Debt178

Monthly Deal Activity

Trinity Capital: 63 deals are recorded across 73 months.All available history.
Trinity Capital: 63 deals are recorded across 73 months. All available history
MonthDeals
Oct '201
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '223
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '231
Jul '230
Aug '233
Sep '231
Oct '231
Nov '230
Dec '232
Jan '241
Feb '242
Mar '241
Apr '241
May '243
Jun '242
Jul '240
Aug '241
Sep '242
Oct '241
Nov '241
Dec '241
Jan '253
Feb '251
Mar '250
Apr '251
May '251
Jun '252
Jul '251
Aug '251
Sep '251
Oct '251
Nov '252
Dec '250
Jan '260
Feb '262
Mar '262
Apr '263
May '262
Jun '260
Jul '262
Aug '261
Sep '261
Oct '260

Sector Breakdown

Trinity Capital: Health & Life Sciences is the largest displayed sector by deal count (26 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.

Trinity Capital: Health & Life Sciences is the largest displayed sector by deal count (26 deals). All available history
SectorDeals
Health & Life Sciences26
Fintech18
Space & Frontier Tech10
AI & Machine Learning10
Networks, Cloud & Communication9
Manufacturing9
Enterprise Software7
Hardware & Robotics7
E-Commerce & Retail6
Clean Energy & Sustainability6
Data, Analytics & IT6
Real Estate & Construction5
Transportation & Logistics5
Cybersecurity & Privacy3
Marketing & Advertising3
Professional Services3
Education & Workforce2
Media & Entertainment2
Food & Agriculture2
Travel & Hospitality1
Government & Defense1
AR/VR1
Consumer & Lifestyle1
Social & Community Platforms1

Deal Size Distribution

Trinity Capital: 63 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.

Trinity Capital: 63 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M12
$25M-$50M24
$50M-$100M14
$100M-$250M10
$250M-$500M3
$500M-$1B0
$1B+0

Deals By Geography

Trinity Capital: United States has the largest recorded deal count among the displayed regions (53 deals).All available history.

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

Trinity Capital: United States has the largest recorded deal count among the displayed regions (53 deals). All available history
RegionDeals
United States53
Europe7
100122
Canada1
Trinity Capital: 20 co-investors are shown, with Silicon Valley Bank sharing 6 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

Trinity Capital: Led accounts for 73% and participating for 27% of round participation.All available history.
Trinity Capital: Led accounts for 73% and participating for 27% of round participation. All available history
CategoryDeals (count)Share (%)
Led4673%
Participating1727%
Trinity Capital: Single-lead accounts for 78% and co-led for 22% of lead dynamics.All available history.
Trinity Capital: Single-lead accounts for 78% and co-led for 22% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3678%
Co-led1022%

Team

Robert Lake

Managing Director, Head of Life Science