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The Venture Codex

Overview

Product-led and AI-powered venture capital firm.

Founded

2017

Deals ยท 12mo

2

Stage focus

Seed
Series A

Geographic focus

Japan
United States

Sector focus

Artificial Intelligence (AI)
B2B
Developer Tools
Machine Learning
...

Investment portfolio

20rounds
NAMEDATESIZE
RadiantOps
Sep 2026Participated
$7 MSeed
ReFiBuy
May 2026Participated
$14 MSeed
Bito
May 2025Led
$6 MSeed
Auxia
Mar 2025Participated
$24 MSeries A
Vieu
Oct 2024Participated
$11 MSeed
Cartken
Jul 2024Participated
$10 MOther Equity
Goooods
Apr 2024Participated
$4 MOther Equity
Nominal
Mar 2024Participated
$9 MSeed
LeakSignal
Mar 2024Participated
$2 MSeed
Base Operations
Dec 2023Participated
$9 MSeries A
Lightup
Aug 2023Participated
$9 MSeries A
Axiom Cloud
Jan 2023Participated
$7 MSeries A
RadiantOps
Sep 2026Participated
$7 MSeed
ReFiBuy
May 2026Participated
$14 MSeed
Bito
May 2025Led
$6 MSeed
Auxia
Mar 2025Participated
$24 MSeries A
Vieu
Oct 2024Participated
$11 MSeed
Cartken
Jul 2024Participated
$10 MOther Equity
Goooods
Apr 2024Participated
$4 MOther Equity
Nominal
Mar 2024Participated
$9 MSeed
LeakSignal
Mar 2024Participated
$2 MSeed
Base Operations
Dec 2023Participated
$9 MSeries A
Lightup
Aug 2023Participated
$9 MSeries A
Axiom Cloud
Jan 2023Participated
$7 MSeries A
20
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Vela Partners: 20 funding rounds are recorded in the selected participation categories.All available history.
Vela Partners: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed19
Series A16
Other Equity12

Monthly Deal Activity

Vela Partners: 20 deals are recorded across 81 months.All available history.
Vela Partners: 20 deals are recorded across 81 months. All available history
MonthDeals
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '222
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '242
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Vela Partners: Enterprise Software is the largest displayed sector by deal count (10 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.

Vela Partners: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
AI & Machine Learning10
Networks, Cloud & Communication7
Developer Tools5
Data, Analytics & IT4
Hardware & Robotics2
Cybersecurity & Privacy2
E-Commerce & Retail2
Social & Community Platforms1
Consumer & Lifestyle1
Marketing & Advertising1
Media & Entertainment1
Space & Frontier Tech1

Deal Size Distribution

Vela Partners: 20 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.

Vela Partners: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M9
$10M-$25M6
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Vela Partners: United States has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Vela Partners: United States has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
United States16
Japan2
Singapore1
South Korea1
Vela Partners: 20 co-investors are shown, with Incubate Fund sharing 8 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

Vela Partners: Led accounts for 15% and participating for 85% of round participation.All available history.
Vela Partners: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led315%
Participating1785%
Vela Partners: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Vela Partners: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Baris Yesugey

Limited Partner

Fuat Alican

Co-founder, General Partner

Yigit Ihlamur

Co-founder, General Partner