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The Venture Codex

Overview

Early-stage venture capital fund investing in data-driven entrepreneurs.

Founded

2012

Deals ยท 12mo

5

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

159rounds
NAMEDATESIZE
Walden Robotics
Jul 2026Led
$300 MSeed
Artemis Security
Apr 2026Participated
$55 MSeries A
Swarm Aero
Mar 2026Led
$35 MSeries A
Freeform
Feb 2026Participated
$67 MSeries B
Osmo
Feb 2026Led
$70 MSeries B
Highbeam
Sep 2025Participated
$30 MSeries A
Gameto
Aug 2025Participated
$44 MSeries C
Bedrock Robotics
Jul 2025Participated
$80 MSeed
Cerby
May 2025Participated
$40 MSeries B
Steadily
Apr 2025Led
$30 MSeries C
Tive
Jan 2025Participated
$40 MSeries C
Terray Therapeutics
Oct 2024Participated
$120 MSeries B
Walden Robotics
Jul 2026Led
$300 MSeed
Artemis Security
Apr 2026Participated
$55 MSeries A
Swarm Aero
Mar 2026Led
$35 MSeries A
Freeform
Feb 2026Participated
$67 MSeries B
Osmo
Feb 2026Led
$70 MSeries B
Highbeam
Sep 2025Participated
$30 MSeries A
Gameto
Aug 2025Participated
$44 MSeries C
Bedrock Robotics
Jul 2025Participated
$80 MSeed
Cerby
May 2025Participated
$40 MSeries B
Steadily
Apr 2025Led
$30 MSeries C
Tive
Jan 2025Participated
$40 MSeries C
Terray Therapeutics
Oct 2024Participated
$120 MSeries B
159
Items
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Insights

Time horizon

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Deal Distribution

Two Sigma Ventures: 159 funding rounds are recorded in the selected participation categories.All available history.
Two Sigma Ventures: 159 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed168
Series A1536
Series B629
Series C+126
Other Equity220

Monthly Deal Activity

Two Sigma Ventures: 159 deals are recorded across 165 months.All available history.
Two Sigma Ventures: 159 deals are recorded across 165 months. All available history
MonthDeals
Feb '131
Mar '130
Apr '131
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '132
Dec '131
Jan '140
Feb '140
Mar '141
Apr '140
May '142
Jun '141
Jul '140
Aug '141
Sep '140
Oct '140
Nov '141
Dec '141
Jan '152
Feb '150
Mar '150
Apr '151
May '150
Jun '154
Jul '150
Aug '151
Sep '151
Oct '150
Nov '151
Dec '150
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '162
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '162
Jan '173
Feb '170
Mar '172
Apr '172
May '170
Jun '171
Jul '170
Aug '172
Sep '170
Oct '172
Nov '170
Dec '171
Jan '181
Feb '182
Mar '183
Apr '183
May '181
Jun '180
Jul '180
Aug '181
Sep '182
Oct '180
Nov '182
Dec '183
Jan '193
Feb '192
Mar '191
Apr '190
May '191
Jun '193
Jul '192
Aug '190
Sep '192
Oct '191
Nov '191
Dec '190
Jan '200
Feb '201
Mar '201
Apr '202
May '202
Jun '201
Jul '200
Aug '202
Sep '204
Oct '202
Nov '200
Dec '202
Jan '210
Feb '210
Mar '214
Apr '214
May '214
Jun '211
Jul '213
Aug '211
Sep '211
Oct '212
Nov '211
Dec '212
Jan '220
Feb '226
Mar '220
Apr '222
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '221
Nov '221
Dec '221
Jan '231
Feb '233
Mar '230
Apr '231
May '231
Jun '231
Jul '230
Aug '231
Sep '230
Oct '233
Nov '230
Dec '230
Jan '242
Feb '240
Mar '242
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '243
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '251
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '261
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Two Sigma Ventures: Enterprise Software is the largest displayed sector by deal count (62 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 Sigma Ventures: Enterprise Software is the largest displayed sector by deal count (62 deals). All available history
SectorDeals
Enterprise Software62
AI & Machine Learning53
Health & Life Sciences39
Hardware & Robotics35
Data, Analytics & IT33
Networks, Cloud & Communication26
Fintech25
Professional Services20
Space & Frontier Tech18
Cybersecurity & Privacy12
Developer Tools11
Manufacturing10
Consumer & Lifestyle9
AR/VR6
Media & Entertainment6
Real Estate & Construction5
Transportation & Logistics5
Marketing & Advertising5
Government & Defense4
Clean Energy & Sustainability3
Social & Community Platforms3
Education & Workforce2
E-Commerce & Retail2
Crypto & Blockchain1
Food & Agriculture1

Deal Size Distribution

Two Sigma Ventures: 159 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 Sigma Ventures: 159 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M17
$10M-$25M49
$25M-$50M31
$50M-$100M21
$100M-$250M13
$250M-$500M4
$500M-$1B1
$1B+1

Deals By Geography

Two Sigma Ventures: United States has the largest recorded deal count among the displayed regions (145 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Two Sigma Ventures: United States has the largest recorded deal count among the displayed regions (145 deals). All available history
RegionDeals
United States145
Europe5
Australia3
India2
Cayman Islands1
Mexico1
Canada1
070301
Two Sigma Ventures: 20 co-investors are shown, with Lux Capital sharing 12 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

Two Sigma Ventures: Led accounts for 25% and participating for 75% of round participation.All available history.
Two Sigma Ventures: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led4025%
Participating11975%
Two Sigma Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
Two Sigma Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3280%
Co-led820%

Team

Dan Abelon

Partner

David Joerg

Managing Director

Edward Schmidt

Venture Partner

Kyra Durko

Principal

Riz Thakir

SVP of Finance

Vinay Iyengar

Principal