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The Venture Codex

Overview

Enterprise venture capital firm supporting early-stage software startups.

Founded

2013

Deals ยท 12mo

7

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

B2B
Enterprise Software
Financial Services
SaaS
...

Investment portfolio

59rounds
NAMEDATESIZE
Petra Labs
Jul 2026Led
$5 MSeed
GovWell
May 2026Participated
$29 MSeries A
Courier Health
Apr 2026Participated
$50 MSeries B
Flock AI
Feb 2026Led
$6 MSeed
Chamelio
Jan 2026Led
$10 MSeed
AIR
Dec 2025Led
$6 MSeed
Built AI
Dec 2025Led
$6 MSeed
Cloudquery
Jun 2025Participated
$16 MOther Equity
Goodfire
Apr 2025Participated
$50 MSeries A
DryRun Security
Jan 2025Led
$9 MSeed
Prequel
Dec 2024Led
$3 MSeed
VISO TRUST
Nov 2024Participated
$24 MOther Equity
Petra Labs
Jul 2026Led
$5 MSeed
GovWell
May 2026Participated
$29 MSeries A
Courier Health
Apr 2026Participated
$50 MSeries B
Flock AI
Feb 2026Led
$6 MSeed
Chamelio
Jan 2026Led
$10 MSeed
AIR
Dec 2025Led
$6 MSeed
Built AI
Dec 2025Led
$6 MSeed
Cloudquery
Jun 2025Participated
$16 MOther Equity
Goodfire
Apr 2025Participated
$50 MSeries A
DryRun Security
Jan 2025Led
$9 MSeed
Prequel
Dec 2024Led
$3 MSeed
VISO TRUST
Nov 2024Participated
$24 MOther Equity
59
Items
...
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Insights

Time horizon

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Deal Distribution

Work-Bench: 59 funding rounds are recorded in the selected participation categories.All available history.
Work-Bench: 59 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed178
Series A114
Series B06
Series C+05
Other Equity17

Monthly Deal Activity

Work-Bench: 59 deals are recorded across 153 months.All available history.
Work-Bench: 59 deals are recorded across 153 months. All available history
MonthDeals
Feb '142
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '141
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
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 '161
Jan '170
Feb '170
Mar '170
Apr '170
May '171
Jun '171
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '182
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '191
May '191
Jun '190
Jul '191
Aug '191
Sep '191
Oct '190
Nov '190
Dec '191
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '210
Feb '210
Mar '210
Apr '213
May '210
Jun '210
Jul '210
Aug '211
Sep '212
Oct '210
Nov '212
Dec '211
Jan '221
Feb '221
Mar '221
Apr '221
May '220
Jun '221
Jul '221
Aug '221
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '242
Aug '241
Sep '240
Oct '240
Nov '241
Dec '241
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '252
Jan '261
Feb '261
Mar '260
Apr '261
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Work-Bench: Enterprise Software is the largest displayed sector by deal count (28 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.

Work-Bench: Enterprise Software is the largest displayed sector by deal count (28 deals). All available history
SectorDeals
Enterprise Software28
AI & Machine Learning22
Cybersecurity & Privacy15
Data, Analytics & IT15
Professional Services11
Networks, Cloud & Communication10
Fintech8
Developer Tools7
Hardware & Robotics6
Health & Life Sciences5
Space & Frontier Tech4
Government & Defense3
Marketing & Advertising3
Education & Workforce1
Real Estate & Construction1
Social & Community Platforms1

Deal Size Distribution

Work-Bench: 59 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.

Work-Bench: 59 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M18
$10M-$25M18
$25M-$50M4
$50M-$100M5
$100M-$250M3
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Work-Bench: United States has the largest recorded deal count among the displayed regions (55 deals).All available history.

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

Work-Bench: United States has the largest recorded deal count among the displayed regions (55 deals). All available history
RegionDeals
United States55
Europe2
Australia1
Israel1
Work-Bench: 20 co-investors are shown, with Menlo Ventures sharing 5 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

Work-Bench: Led accounts for 32% and participating for 68% of round participation.All available history.
Work-Bench: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led1932%
Participating4068%
Work-Bench: Single-lead accounts for 63% and co-led for 37% of lead dynamics.All available history.
Work-Bench: Single-lead accounts for 63% and co-led for 37% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1263%
Co-led737%

Team

Jessica Lin

Co-Founder & General Partner

Jonathan Lehr

Co-Founder & General Partner

Kelley Mak

Partner

Rani Kubersky

MBA Intern

Sean Smith

Founder