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The Venture Codex

Uncorrelated Ventures

London, England, United Kingdom

Overview

Invests in early-stage infrastructure software companies.

Founded

2019

Deals ยท 12mo

12

Links

Website

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Financial Services
Infrastructure
Software
Venture Capital

Investment portfolio

114rounds
NAMEDATESIZE
Freehand
Jul 2026Participated
$75 MSeries B
Reo.Dev
Jul 2026Participated
$11 MSeries A
Arpio
Jun 2026Participated
$15 MSeries A
HockeyStack
Apr 2026Participated
$50 MOther Equity
Assiduus
Mar 2026Participated
$25 MSeries B
BambooBox
Mar 2026Participated
$7 MOther Equity
Escape
Mar 2026Participated
$18 MSeries A
Defense Unicorns
Jan 2026Participated
$136 MSeries B
Lemurian Labs
Dec 2025Participated
$28 MSeries A
SalesPatriot
Oct 2025Participated
$5 MSeed
Throne Labs
Oct 2025Participated
$15 MSeries B
Moonshot AI
Oct 2025Participated
$10 MSeed
Freehand
Jul 2026Participated
$75 MSeries B
Reo.Dev
Jul 2026Participated
$11 MSeries A
Arpio
Jun 2026Participated
$15 MSeries A
HockeyStack
Apr 2026Participated
$50 MOther Equity
Assiduus
Mar 2026Participated
$25 MSeries B
BambooBox
Mar 2026Participated
$7 MOther Equity
Escape
Mar 2026Participated
$18 MSeries A
Defense Unicorns
Jan 2026Participated
$136 MSeries B
Lemurian Labs
Dec 2025Participated
$28 MSeries A
SalesPatriot
Oct 2025Participated
$5 MSeed
Throne Labs
Oct 2025Participated
$15 MSeries B
Moonshot AI
Oct 2025Participated
$10 MSeed
114
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Insights

Time horizon

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Deal Distribution

Uncorrelated Ventures: 114 funding rounds are recorded in the selected participation categories.All available history.
Uncorrelated Ventures: 114 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed230
Series A236
Series B220
Series C+06
Other Equity311
Debt02

Monthly Deal Activity

Uncorrelated Ventures: 114 deals are recorded across 78 months.All available history.
Uncorrelated Ventures: 114 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '203
Jul '201
Aug '201
Sep '202
Oct '201
Nov '200
Dec '201
Jan '210
Feb '213
Mar '210
Apr '213
May '211
Jun '215
Jul '211
Aug '213
Sep '211
Oct '214
Nov '214
Dec '211
Jan '221
Feb '221
Mar '223
Apr '220
May '221
Jun '222
Jul '223
Aug '222
Sep '221
Oct '226
Nov '222
Dec '221
Jan '230
Feb '232
Mar '232
Apr '230
May '232
Jun '232
Jul '230
Aug '234
Sep '231
Oct '233
Nov '234
Dec '231
Jan '241
Feb '240
Mar '240
Apr '240
May '243
Jun '242
Jul '242
Aug '242
Sep '241
Oct '240
Nov '241
Dec '240
Jan '252
Feb '252
Mar '251
Apr '252
May '251
Jun '251
Jul '250
Aug '250
Sep '251
Oct '253
Nov '250
Dec '251
Jan '261
Feb '260
Mar '263
Apr '261
May '260
Jun '261
Jul '262
Aug '260
Sep '260
Oct '260

Sector Breakdown

Uncorrelated Ventures: Enterprise Software is the largest displayed sector by deal count (59 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.

Uncorrelated Ventures: Enterprise Software is the largest displayed sector by deal count (59 deals). All available history
SectorDeals
Enterprise Software59
Networks, Cloud & Communication33
AI & Machine Learning24
Fintech22
Developer Tools22
Data, Analytics & IT21
Cybersecurity & Privacy15
Professional Services12
Crypto & Blockchain9
Hardware & Robotics8
E-Commerce & Retail5
Transportation & Logistics4
Marketing & Advertising4
Government & Defense3
Clean Energy & Sustainability3
Space & Frontier Tech3
Consumer & Lifestyle2
Media & Entertainment2
Social & Community Platforms2
Manufacturing1
Health & Life Sciences1

Deal Size Distribution

Uncorrelated Ventures: 114 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.

Uncorrelated Ventures: 114 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M25
$10M-$25M43
$25M-$50M17
$50M-$100M7
$100M-$250M4
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Uncorrelated Ventures: United States has the largest recorded deal count among the displayed regions (90 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Uncorrelated Ventures: United States has the largest recorded deal count among the displayed regions (90 deals). All available history
RegionDeals
United States90
Europe10
Singapore5
India4
Canada4
021421
Uncorrelated Ventures: 20 co-investors are shown, with Y Combinator sharing 13 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.

Uncorrelated Ventures: 20 co-investors are shown, with Y Combinator sharing 13 recorded deals. All available history
Co-investorShared deals
Y Combinator13
Hack VC10
Nexus Venture Partners7
Bain Capital Ventures6
Cota Capital6
Abstract Ventures5
468 Capital4
Dell Technologies Capital4
S3 Ventures4
Soma Capital4
Alumni Ventures3
Andreessen Horowitz3
Bessemer Venture Partners3
Craft Ventures3
Greycroft3
Next473
Peak XV Partners3
Quiet Capital3
RRE Ventures3
Venrock3

Investment Strategy

Uncorrelated Ventures: Led accounts for 8% and participating for 92% of round participation.All available history.
Uncorrelated Ventures: Led accounts for 8% and participating for 92% of round participation. All available history
CategoryDeals (count)Share (%)
Led98%
Participating10592%
Uncorrelated Ventures: Single-lead accounts for 11% and co-led for 89% of lead dynamics.All available history.
Uncorrelated Ventures: Single-lead accounts for 11% and co-led for 89% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead111%
Co-led889%

Team

Salil Deshpande

General Partner&Founder