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The Venture Codex

Overview

Venture capital firm supporting global transformative technology companies.

Founded

2010

Deals · 12mo

1

Stage focus

Seed
Series A
Series B

Geographic focus

Canada
Germany
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

141rounds
NAMEDATESIZE
Octane
Dec 2025Led
$100 MSeries F
Panacea Financial
Jul 2025Led
$37 MSeries B
Bestow
May 2025Participated
$170 MSeries D
Neo Financial
Nov 2024Participated
$262 MDebt
Parker
Nov 2024Led
$20 MSeries B
LiveFlow
Sep 2024Led
$14 MSeries A
Octane
Aug 2024Led
$50 MSeries E
Hero
Jun 2024Led
$12 MOther Equity
MAJORITY
May 2024Participated
$20 MOther Equity
Ember
May 2024Participated
$6 MOther Equity
Ivy
Mar 2024Led
$19 MSeries A
Zed
Mar 2024Led
$6 MOther Equity
Octane
Dec 2025Led
$100 MSeries F
Panacea Financial
Jul 2025Led
$37 MSeries B
Bestow
May 2025Participated
$170 MSeries D
Neo Financial
Nov 2024Participated
$262 MDebt
Parker
Nov 2024Led
$20 MSeries B
LiveFlow
Sep 2024Led
$14 MSeries A
Octane
Aug 2024Led
$50 MSeries E
Hero
Jun 2024Led
$12 MOther Equity
MAJORITY
May 2024Participated
$20 MOther Equity
Ember
May 2024Participated
$6 MOther Equity
Ivy
Mar 2024Led
$19 MSeries A
Zed
Mar 2024Led
$6 MOther Equity
141
Items
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Insights

Time horizon

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Deal Distribution

Valar Ventures: 141 funding rounds are recorded in the selected participation categories.All available history.
Valar Ventures: 141 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1113
Series A376
Series B229
Series C+517
Other Equity127
Debt11

Monthly Deal Activity

Valar Ventures: 141 deals are recorded across 193 months.All available history.
Valar Ventures: 141 deals are recorded across 193 months. All available history
MonthDeals
Oct '101
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '121
Nov '122
Dec '123
Jan '130
Feb '131
Mar '130
Apr '131
May '131
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '131
Dec '130
Jan '140
Feb '141
Mar '141
Apr '141
May '140
Jun '141
Jul '140
Aug '141
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '150
Mar '150
Apr '152
May '152
Jun '150
Jul '150
Aug '150
Sep '152
Oct '150
Nov '150
Dec '151
Jan '161
Feb '161
Mar '160
Apr '161
May '160
Jun '162
Jul '161
Aug '161
Sep '160
Oct '161
Nov '160
Dec '162
Jan '171
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '173
Aug '172
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '181
Mar '180
Apr '180
May '181
Jun '181
Jul '181
Aug '181
Sep '181
Oct '180
Nov '181
Dec '180
Jan '191
Feb '192
Mar '191
Apr '191
May '190
Jun '190
Jul '191
Aug '191
Sep '190
Oct '190
Nov '190
Dec '191
Jan '202
Feb '201
Mar '200
Apr '202
May '200
Jun '200
Jul '201
Aug '201
Sep '203
Oct '200
Nov '200
Dec '203
Jan '211
Feb '210
Mar '215
Apr '211
May '212
Jun '214
Jul '211
Aug '217
Sep '214
Oct '211
Nov '213
Dec '212
Jan '223
Feb '220
Mar '221
Apr '221
May '222
Jun '220
Jul '221
Aug '220
Sep '224
Oct '221
Nov '222
Dec '220
Jan '232
Feb '230
Mar '231
Apr '230
May '231
Jun '233
Jul '230
Aug '231
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '241
Mar '243
Apr '240
May '242
Jun '241
Jul '240
Aug '241
Sep '241
Oct '240
Nov '242
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Valar Ventures: Fintech is the largest displayed sector by deal count (109 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.

Valar Ventures: Fintech is the largest displayed sector by deal count (109 deals). All available history
SectorDeals
Fintech109
Enterprise Software44
Professional Services23
E-Commerce & Retail20
Crypto & Blockchain18
Networks, Cloud & Communication16
AI & Machine Learning15
Data, Analytics & IT8
Cybersecurity & Privacy7
Media & Entertainment6
Developer Tools6
Real Estate & Construction5
Education & Workforce4
Marketing & Advertising4
Social & Community Platforms3
Transportation & Logistics2
Hardware & Robotics2
Health & Life Sciences2
Travel & Hospitality1
AR/VR1
Clean Energy & Sustainability1
Space & Frontier Tech1
Consumer & Lifestyle1

Deal Size Distribution

Valar Ventures: 141 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.

Valar Ventures: 141 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M18
$5M-$10M19
$10M-$25M39
$25M-$50M33
$50M-$100M17
$100M-$250M11
$250M-$500M3
$500M-$1B1
$1B+0

Deals By Geography

Valar Ventures: United States has the largest recorded deal count among the displayed regions (52 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Valar Ventures: United States has the largest recorded deal count among the displayed regions (52 deals). All available history
RegionDeals
United States52
Europe48
Canada10
New Zealand6
100125
Singapore4
Brazil3
Nigeria3
Mexico3
India3
Valar Ventures: 20 co-investors are shown, with Breyer Capital sharing 10 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

Valar Ventures: Led accounts for 62% and participating for 38% of round participation.All available history.
Valar Ventures: Led accounts for 62% and participating for 38% of round participation. All available history
CategoryDeals (count)Share (%)
Led8862%
Participating5338%
Valar Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
Valar Ventures: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead7080%
Co-led1820%

Team

Andrew McCormack

Founding and General Partner

Elizabeth Klein

General Counsel

James Fitzgerald

Founding Partner

Rachel Phan

Finance Associate

Reuben Kobulnik

Operating Partner