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The Venture Codex

Overview

Equity investment management services focused on long-term excess return.

Founded

1976

Deals ยท 12mo

4

Stage focus

Series D
Series F

Geographic focus

Mexico
United States

Sector focus

Finance
Financial Services

Investment portfolio

8rounds
NAMEDATESIZE
Databricks
Aug 2026Participated
$5.0 BOther Equity
Hadrian
Aug 2026Led
$1.4 BSeries D
Kavak
Feb 2026Participated
$300 MSeries F
ClickHouse
Jan 2026Participated
$400 MSeries D
Databricks
Sep 2025Led
$1.0 BSeries K
Anthropic
Sep 2025Participated
$13.0 BSeries F
KoBold Metals
Jan 2025Participated
$537 MSeries C
Anduril Industries
Dec 2022Participated
$1.5 BSeries E
Databricks
Aug 2026Participated
$5.0 BOther Equity
Hadrian
Aug 2026Led
$1.4 BSeries D
Kavak
Feb 2026Participated
$300 MSeries F
ClickHouse
Jan 2026Participated
$400 MSeries D
Databricks
Sep 2025Led
$1.0 BSeries K
Anthropic
Sep 2025Participated
$13.0 BSeries F
KoBold Metals
Jan 2025Participated
$537 MSeries C
Anduril Industries
Dec 2022Participated
$1.5 BSeries E
8
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

WCM: 8 funding rounds are recorded in the selected participation categories.All available history.
WCM: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series C+25
Other Equity01

Monthly Deal Activity

WCM: 8 deals are recorded across 47 months.All available history.
WCM: 8 deals are recorded across 47 months. All available history
MonthDeals
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '252
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '262
Sep '260
Oct '260

Sector Breakdown

WCM: 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.

WCM: AI & Machine Learning is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
AI & Machine Learning6
Enterprise Software3
Data, Analytics & IT3
Space & Frontier Tech2
Transportation & Logistics2
Networks, Cloud & Communication1
Hardware & Robotics1
Government & Defense1
Manufacturing1
E-Commerce & Retail1
Clean Energy & Sustainability1
Social & Community Platforms1

Deal Size Distribution

WCM: 8 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.

WCM: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M2
$500M-$1B1
$1B+5

Deals By Geography

WCM: United States has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

WCM: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Mexico1
WCM: 20 co-investors are shown, with Andreessen Horowitz sharing 6 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

WCM: Led accounts for 25% and participating for 75% of round participation.All available history.
WCM: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led225%
Participating675%
WCM: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
WCM: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Paul Black

President and CEO

Ryan Quinn

Client Portfolio Manager