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The Venture Codex

Overview

Invests in commercializing UCL's research innovations in sciences.

Founded

2016

Deals · 12mo

2

Stage focus

Seed
Series A

Geographic focus

United Kingdom

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

16rounds
NAMEDATESIZE
Gaussion
Jun 2026Participated
$28 MOther Equity
Stanhope AI
Feb 2026Participated
$8 MSeed
Oriole Networks
Oct 2024Participated
$22 MOther Equity
Gaussion
Aug 2024Participated
$12 MSeries A
EpilepsyGTx
Jun 2024Led
$10 MSeed
Stanhope AI
Apr 2024Led
$3 MSeed
Oriole Networks
Mar 2024Led
$13 MSeed
Phasecraft
Aug 2023Participated
$17 MSeries A
Tenpoint Therapeutics
Jul 2023Participated
$70 MSeries A
Hazy
Mar 2023Participated
$9 MSeries A
Bramble Energy
Feb 2022Participated
$47 MOther Equity
Apollo Therapeutics
Jun 2021Participated
$139 MOther Equity
Gaussion
Jun 2026Participated
$28 MOther Equity
Stanhope AI
Feb 2026Participated
$8 MSeed
Oriole Networks
Oct 2024Participated
$22 MOther Equity
Gaussion
Aug 2024Participated
$12 MSeries A
EpilepsyGTx
Jun 2024Led
$10 MSeed
Stanhope AI
Apr 2024Led
$3 MSeed
Oriole Networks
Mar 2024Led
$13 MSeed
Phasecraft
Aug 2023Participated
$17 MSeries A
Tenpoint Therapeutics
Jul 2023Participated
$70 MSeries A
Hazy
Mar 2023Participated
$9 MSeries A
Bramble Energy
Feb 2022Participated
$47 MOther Equity
Apollo Therapeutics
Jun 2021Participated
$139 MOther Equity
16
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Insights

Time horizon

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Deal Distribution

UCL Technology Fund: 16 funding rounds are recorded in the selected participation categories.All available history.
UCL Technology Fund: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed52
Series A05
Other Equity04

Monthly Deal Activity

UCL Technology Fund: 16 deals are recorded across 126 months.All available history.
UCL Technology Fund: 16 deals are recorded across 126 months. All available history
MonthDeals
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '241
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

UCL Technology Fund: AI & Machine Learning is the largest displayed sector by deal count (6 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.

UCL Technology Fund: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Hardware & Robotics5
Health & Life Sciences4
Data, Analytics & IT4
Space & Frontier Tech4
Enterprise Software3
Clean Energy & Sustainability3
Manufacturing2
Consumer & Lifestyle1

Deal Size Distribution

UCL Technology Fund: 16 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.

UCL Technology Fund: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M5
$25M-$50M3
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

UCL Technology Fund: Europe has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

UCL Technology Fund: Europe has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Europe16
UCL Technology Fund: 20 co-investors are shown, with BGF sharing 3 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

UCL Technology Fund: Led accounts for 31% and participating for 69% of round participation.All available history.
UCL Technology Fund: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led531%
Participating1169%
UCL Technology Fund: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
UCL Technology Fund: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Dave Grimm

Investment Director