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The Venture Codex

Overview

Invests in high-impact companies in the cannabis industry.

Founded

2018

Deals ยท 12mo

0

Stage focus

Seed
Series A

Geographic focus

Mexico
Norway
United States

Sector focus

Venture Capital

Investment portfolio

8rounds
NAMEDATESIZE
C3 Industries
Jul 2021Participated
$25 MOther Equity
Trym
Sep 2020Participated
$3 MSeed
Vertosa
Dec 2019Led
$6 MSeed
Apex Trading
Oct 2019Led
$2 MOther Equity
Front Range Biosciences
Sep 2019Participated
$9 MOther Equity
Willow Industries
Jun 2019Led
$2 MOther Equity
Front Range Biosciences
Oct 2018Participated
$10 MSeries A
Treez
Sep 2018Participated
$12 MSeries A
C3 Industries
Jul 2021Participated
$25 MOther Equity
Trym
Sep 2020Participated
$3 MSeed
Vertosa
Dec 2019Led
$6 MSeed
Apex Trading
Oct 2019Led
$2 MOther Equity
Front Range Biosciences
Sep 2019Participated
$9 MOther Equity
Willow Industries
Jun 2019Led
$2 MOther Equity
Front Range Biosciences
Oct 2018Participated
$10 MSeries A
Treez
Sep 2018Participated
$12 MSeries A
8
Items
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Insights

Time horizon

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Deal Distribution

Welcan Capital: 8 funding rounds are recorded in the selected participation categories.All available history.
Welcan Capital: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A02
Other Equity22

Monthly Deal Activity

Welcan Capital: 8 deals are recorded across 98 months.All available history.
Welcan Capital: 8 deals are recorded across 98 months. All available history
MonthDeals
Sep '181
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '191
Nov '190
Dec '191
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
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 '220
Oct '220
Nov '220
Dec '220
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 '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Welcan Capital: Health & Life Sciences 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.

Welcan Capital: Health & Life Sciences is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Health & Life Sciences6
E-Commerce & Retail3
Food & Agriculture2
Networks, Cloud & Communication1
Fintech1
Enterprise Software1
Manufacturing1
Real Estate & Construction1
Space & Frontier Tech1

Deal Size Distribution

Welcan Capital: 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.

Welcan Capital: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M2
$10M-$25M2
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Welcan Capital: 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.

Welcan Capital: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Europe1
Welcan Capital: 20 co-investors are shown, with AFI Capital Partners sharing 4 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

Welcan Capital: Led accounts for 38% and participating for 63% of round participation.All available history.
Welcan Capital: Led accounts for 38% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led338%
Participating563%
Welcan Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Welcan Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led3100%

Team

Vikas Desai

Partner & Founder