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The Venture Codex

Twelve Below

145 Hudson St, Ste 5B, New York, NY, 10013, United States

Overview

Venture capital firm investing in innovative startups.

Founded

2021

Deals · 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

24rounds
NAMEDATESIZE
Odyssey
Sep 2026Participated
$74 MDebt
Board
Jun 2026Participated
$20 MSeries A
Solstice Health
May 2026Participated
$21 MSeries A
Conduit Health
Mar 2026Participated
$17 MSeries A
Coral
Mar 2026Participated
$8 MSeed
Barnwell Bio
Jan 2026Led
$6 MSeed
Arya Health
Oct 2025Participated
$18 MSeries A
Rondah AI
Apr 2025Led
$2 MSeed
Page
Mar 2025Led
$3 MSeed
Solstice Health
Feb 2025Participated
$4 MSeed
Fort Health
Nov 2024Led
$6 MOther Equity
Arya Health
Sep 2024Led
$4 MSeed
Odyssey
Sep 2026Participated
$74 MDebt
Board
Jun 2026Participated
$20 MSeries A
Solstice Health
May 2026Participated
$21 MSeries A
Conduit Health
Mar 2026Participated
$17 MSeries A
Coral
Mar 2026Participated
$8 MSeed
Barnwell Bio
Jan 2026Led
$6 MSeed
Arya Health
Oct 2025Participated
$18 MSeries A
Rondah AI
Apr 2025Led
$2 MSeed
Page
Mar 2025Led
$3 MSeed
Solstice Health
Feb 2025Participated
$4 MSeed
Fort Health
Nov 2024Led
$6 MOther Equity
Arya Health
Sep 2024Led
$4 MSeed
24
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Insights

Time horizon

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Deal Distribution

Twelve Below: 24 funding rounds are recorded in the selected participation categories.All available history.
Twelve Below: 24 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed57
Series A06
Other Equity23
Debt01

Monthly Deal Activity

Twelve Below: 24 deals are recorded across 60 months.All available history.
Twelve Below: 24 deals are recorded across 60 months. All available history
MonthDeals
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '231
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '231
Dec '230
Jan '241
Feb '241
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '251
Mar '251
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '262
Apr '260
May '261
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Twelve Below: Fintech is the largest displayed sector by deal count (9 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.

Twelve Below: Fintech is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Fintech9
Health & Life Sciences7
Enterprise Software5
Clean Energy & Sustainability5
AI & Machine Learning5
Transportation & Logistics4
Networks, Cloud & Communication3
Marketing & Advertising2
Hardware & Robotics1
Crypto & Blockchain1
Media & Entertainment1
Professional Services1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Twelve Below: 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.

Twelve Below: 24 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M6
$10M-$25M7
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Twelve Below: United States has the largest recorded deal count among the displayed regions (23 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Twelve Below: United States has the largest recorded deal count among the displayed regions (23 deals). All available history
RegionDeals
United States23
Canada1
Twelve Below: 20 co-investors are shown, with BoxGroup sharing 4 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.

Twelve Below: 20 co-investors are shown, with BoxGroup sharing 4 recorded deals. All available history
Co-investorShared deals
BoxGroup4
Abstract Ventures3
Equal Ventures3
Founder Collective3
MCJ Collective3
Union Square Ventures3
Canaan Partners2
Good Friends2
Ground Up Ventures2
Lerer Hippeau2
Red Sea Ventures2
Ridge Ventures2
Silas Capital2
SV Angel2
Transition2
Virtue2
2048 Ventures1
25Madison1
645 Ventures1
81 Collection1

Investment Strategy

Twelve Below: Led accounts for 29% and participating for 71% of round participation.All available history.
Twelve Below: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led729%
Participating1771%
Twelve Below: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Twelve Below: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Byron Ling

Partner

Taylor Greene

Founder & Partner