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The Venture Codex

Overview

Global airline operating extensive flight routes and modernizing fleet.

Founded

1926

Deals ยท 12mo

10

Stage focus

Seed
Series A

Geographic focus

Japan
Singapore
Sweden
United States

Sector focus

Hospitality
In-Flight Entertainment
Service Industry
Transportation
...

Investment portfolio

36rounds
NAMEDATESIZE
Overwatch AI
May 2026Participated
$2 MSeed
movus technologies
May 2026Participated
$268 MDebt
Navi AI
Mar 2026Led
$5 MSeed
Penguin Securities
Feb 2026Participated
$18 MSeries A
SHONAI
Jan 2026Led
$3 MOther Equity
JetZero
Jan 2026Participated
$175 MSeries B
Livetoon
Dec 2025Participated
$0.48 MOther Equity
Nehan
Dec 2025Participated
$1 MSeed
UMAMI UNITED
Nov 2025Participated
$2 MSeed
Archer
Nov 2025Led
$650 MOther Equity
Thirdverse
Sep 2025Participated
$1 MOther Equity
Blockskye
Jul 2025Participated
$16 MOther Equity
Overwatch AI
May 2026Participated
$2 MSeed
movus technologies
May 2026Participated
$268 MDebt
Navi AI
Mar 2026Led
$5 MSeed
Penguin Securities
Feb 2026Participated
$18 MSeries A
SHONAI
Jan 2026Led
$3 MOther Equity
JetZero
Jan 2026Participated
$175 MSeries B
Livetoon
Dec 2025Participated
$0.48 MOther Equity
Nehan
Dec 2025Participated
$1 MSeed
UMAMI UNITED
Nov 2025Participated
$2 MSeed
Archer
Nov 2025Led
$650 MOther Equity
Thirdverse
Sep 2025Participated
$1 MOther Equity
Blockskye
Jul 2025Participated
$16 MOther Equity
36
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

United Airlines: 36 funding rounds are recorded in the selected participation categories.All available history.
United Airlines: 36 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed15
Series A110
Series B03
Series C+02
Other Equity49
Debt01

Monthly Deal Activity

United Airlines: 36 deals are recorded across 161 months.All available history.
United Airlines: 36 deals are recorded across 161 months. All available history
MonthDeals
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
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 '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
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 '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '222
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '231
Jul '230
Aug '231
Sep '230
Oct '231
Nov '230
Dec '231
Jan '240
Feb '243
Mar '240
Apr '244
May '240
Jun '240
Jul '242
Aug '242
Sep '241
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '252
Dec '252
Jan '262
Feb '261
Mar '261
Apr '260
May '262
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

United Airlines: Space & Frontier Tech is the largest displayed sector by deal count (12 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.

United Airlines: Space & Frontier Tech is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Space & Frontier Tech12
Clean Energy & Sustainability8
Enterprise Software7
Manufacturing7
Transportation & Logistics6
Professional Services6
AI & Machine Learning5
Data, Analytics & IT4
Fintech4
Real Estate & Construction3
Networks, Cloud & Communication3
Crypto & Blockchain3
Media & Entertainment3
Education & Workforce2
E-Commerce & Retail2
Health & Life Sciences2
Social & Community Platforms2
Travel & Hospitality1
AR/VR1
Food & Agriculture1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

United Airlines: 36 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.

United Airlines: 36 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M2
$10M-$25M6
$25M-$50M3
$50M-$100M0
$100M-$250M4
$250M-$500M4
$500M-$1B1
$1B+0

Deals By Geography

United Airlines: Japan has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

United Airlines: Japan has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Japan16
United States15
Singapore2
Europe2
Canada1
United Airlines: 20 co-investors are shown, with Mitsubishi UFJ Capital sharing 7 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

United Airlines: Led accounts for 17% and participating for 83% of round participation.All available history.
United Airlines: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led617%
Participating3083%
United Airlines: Single-lead accounts for 83% and co-led for 17% of lead dynamics.All available history.
United Airlines: Single-lead accounts for 83% and co-led for 17% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead583%
Co-led117%

Team

Bruce H. Jewett

B777 Captain

Deneen DeFiore

Vice President & Chief Information Security Officer

Jeff Holzmann

Airline Pilot

Luc Bondar

President - MileagePlus, Vice President - Marketing & Loyalty

Patrick Kelly

Principal Application Security Architect

Scott Kirby

Chief Executive Officer

Sean Chuplis

Airline Pilot