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The Venture Codex

Overview

Investment firm supporting transformative technologies for democracy.

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Ukraine
United States

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Himera
Dec 2025Participated
$3 MSeed
Thermopylae
Nov 2025Participated
$2 MSeed
Himera
Dec 2025Participated
$3 MSeed
Thermopylae
Nov 2025Participated
$2 MSeed
2
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

UA1 VC: 2 funding rounds are recorded in the selected participation categories.All available history.
UA1 VC: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02

Monthly Deal Activity

UA1 VC: 2 deals are recorded across 12 months.All available history.
UA1 VC: 2 deals are recorded across 12 months. All available history
MonthDeals
Nov '251
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

UA1 VC: Hardware & Robotics 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.

UA1 VC: Hardware & Robotics is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Hardware & Robotics2
Government & Defense1
Manufacturing1
Space & Frontier Tech1

Deal Size Distribution

UA1 VC: 2 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.

UA1 VC: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

UA1 VC: United States has the largest recorded deal count among the displayed regions (1 deals).All available history.

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

UA1 VC: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Europe1
UA1 VC: 9 co-investors are shown, with Big Defence 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.

UA1 VC: 9 co-investors are shown, with Big Defence sharing 1 recorded deals. All available history
Co-investorShared deals
Big Defence1
Bulava Capital1
Freedom Fund Venture Capital1
Green Flag Ventures1
Nezlamni1
Norgard Capital1
United Angels Network1
Varangians1
VYTACH1

Investment Strategy

UA1 VC: Led accounts for 0% and participating for 100% of round participation.All available history.
UA1 VC: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
UA1 VC: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
UA1 VC: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Lenore Karafa

Co-Founder & Partner

William McNulty

Co-Founder & Partner