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The Venture Codex

Two Ravens

10811 SE 23rd Street, Bellevue, Washington, 98004, United States

Overview

Investment firm for pre-seed and early seed stage technology companies.

Founded

2023

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Germany
Iceland
Jersey
United States

Sector focus

—

Investment portfolio

5rounds
NAMEDATESIZE
Aavalynx
Aug 2026Participated
$2 MSeed
Coworked
May 2026Led
$2 MOther Equity
Gripp
Feb 2025Participated
$2 MSeed
Senvo
Sep 2024Led
$3 MOther Equity
Hefring Marine
May 2024Participated
$2 MOther Equity
Aavalynx
Aug 2026Participated
$2 MSeed
Coworked
May 2026Led
$2 MOther Equity
Gripp
Feb 2025Participated
$2 MSeed
Senvo
Sep 2024Led
$3 MOther Equity
Hefring Marine
May 2024Participated
$2 MOther Equity
5
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Two Ravens: 5 funding rounds are recorded in the selected participation categories.All available history.
Two Ravens: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Other Equity21

Monthly Deal Activity

Two Ravens: 5 deals are recorded across 30 months.All available history.
Two Ravens: 5 deals are recorded across 30 months. All available history
MonthDeals
May '241
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Two Ravens: Networks, Cloud & Communication is the largest displayed sector by deal count (2 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.

Two Ravens: Networks, Cloud & Communication is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Networks, Cloud & Communication2
Enterprise Software2
AI & Machine Learning2
Professional Services2
Transportation & Logistics2
Manufacturing1
Cybersecurity & Privacy1
Food & Agriculture1
Real Estate & Construction1
Data, Analytics & IT1
Space & Frontier Tech1

Deal Size Distribution

Two Ravens: 5 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.

Two Ravens: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Two Ravens: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

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

Two Ravens: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
United States2
Two Ravens: 18 co-investors are shown, with Ag Ventures Alliance sharing 1 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.

Two Ravens: 18 co-investors are shown, with Ag Ventures Alliance sharing 1 recorded deals. All available history
Co-investorShared deals
Ag Ventures Alliance1
C2 Ventures1
Defy Partners1
DMM Holdings1
Faber Ventures1
Fund F1
Glen Haven Farms1
Idlewild Management1
Infinity Holding Ventures1
Innoport1
MD One Ventures1
Omega Venture Partners1
Riverstone Ventures1
SB Opportunity Fund1
Sukna Ventures1
Techstars1
Tundra Angels1
Underdog Labs1

Investment Strategy

Two Ravens: Led accounts for 40% and participating for 60% of round participation.All available history.
Two Ravens: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led240%
Participating360%
Two Ravens: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Two Ravens: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Isaac Kato

General Partner and Founder