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The Venture Codex

Conviction

47 Princess Road, London, England, NW1 8JS, United Kingdom

Overview

Syndicate of investors focusing on early-stage disruptive SaaS tech.

Founded

2017

Deals ยท 12mo

33

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

B2B
Professional Services
SaaS
Venture Capital

Investment portfolio

66rounds
NAMEDATESIZE
Warp Sciences
Oct 2026Participated
$215 MOther Equity
Watchtower Labs
Oct 2026Led
$35 MSeed
Scuba
Oct 2026Participated
$34 MSeed
Alma
Sep 2026Participated
$17 MSeries A
Pilgrim
Sep 2026Participated
$25 MSeed
Watney
Sep 2026Participated
$80 MSeries A
Harvey
Sep 2026Participated
$550 MSeries H
Retro
Aug 2026Participated
$21 MSeries A
Primero
Aug 2026Participated
$12 MSeed
Intelligence.ai
Aug 2026Participated
$8 MSeed
Trajectory
Aug 2026Participated
$40 MSeries A
DesignArena
Aug 2026Participated
$8 MSeed
Warp Sciences
Oct 2026Participated
$215 MOther Equity
Watchtower Labs
Oct 2026Led
$35 MSeed
Scuba
Oct 2026Participated
$34 MSeed
Alma
Sep 2026Participated
$17 MSeries A
Pilgrim
Sep 2026Participated
$25 MSeed
Watney
Sep 2026Participated
$80 MSeries A
Harvey
Sep 2026Participated
$550 MSeries H
Retro
Aug 2026Participated
$21 MSeries A
Primero
Aug 2026Participated
$12 MSeed
Intelligence.ai
Aug 2026Participated
$8 MSeed
Trajectory
Aug 2026Participated
$40 MSeries A
DesignArena
Aug 2026Participated
$8 MSeed
66
Items
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Insights

Time horizon

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Deal Distribution

Conviction: 66 funding rounds are recorded in the selected participation categories.All available history.
Conviction: 66 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed321
Series A420
Series B05
Series C+05
Other Equity17

Monthly Deal Activity

Conviction: 66 deals are recorded across 99 months.All available history.
Conviction: 66 deals are recorded across 99 months. All available history
MonthDeals
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '211
Dec '211
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '241
Jul '243
Aug '241
Sep '241
Oct '241
Nov '240
Dec '241
Jan '250
Feb '251
Mar '252
Apr '252
May '250
Jun '252
Jul '251
Aug '252
Sep '251
Oct '251
Nov '252
Dec '251
Jan '262
Feb '262
Mar '263
Apr '261
May '264
Jun '264
Jul '261
Aug '266
Sep '264
Oct '263

Sector Breakdown

Conviction: AI & Machine Learning is the largest displayed sector by deal count (47 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.

Conviction: AI & Machine Learning is the largest displayed sector by deal count (47 deals). All available history
SectorDeals
AI & Machine Learning47
Enterprise Software24
Professional Services10
Health & Life Sciences9
Networks, Cloud & Communication8
Cybersecurity & Privacy7
Data, Analytics & IT7
Hardware & Robotics5
Space & Frontier Tech4
Manufacturing4
Marketing & Advertising3
Fintech3
Developer Tools3
Education & Workforce2
Transportation & Logistics2
Media & Entertainment2
Government & Defense1
E-Commerce & Retail1
Clean Energy & Sustainability1
Consumer & Lifestyle1
Social & Community Platforms1

Deal Size Distribution

Conviction: 66 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.

Conviction: 66 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M13
$10M-$25M11
$25M-$50M13
$50M-$100M9
$100M-$250M6
$250M-$500M4
$500M-$1B1
$1B+1

Deals By Geography

Conviction: United States has the largest recorded deal count among the displayed regions (50 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Conviction: United States has the largest recorded deal count among the displayed regions (50 deals). All available history
RegionDeals
United States50
Europe10
943012
Israel2
Rg19 6ab1
Mexico1
Conviction: 20 co-investors are shown, with Sequoia Capital sharing 12 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.

Conviction: 20 co-investors are shown, with Sequoia Capital sharing 12 recorded deals. All available history
Co-investorShared deals
Sequoia Capital12
Lightspeed Venture Partners7
Andreessen Horowitz6
BoxGroup6
General Catalyst6
Kleiner Perkins6
SV Angel6
Accel5
Coatue5
Thrive Capital5
8VC4
A*4
Google Ventures4
OpenAI4
Passion Capital4
Pear VC4
Bain Capital Ventures3
Bessemer Venture Partners3
Databricks Ventures3
DST Global3

Investment Strategy

Conviction: Led accounts for 12% and participating for 88% of round participation.All available history.
Conviction: Led accounts for 12% and participating for 88% of round participation. All available history
CategoryDeals (count)Share (%)
Led812%
Participating5888%
Conviction: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Conviction: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead563%
Co-led338%

Team

Mike Vernal
Sarah Guo

Founder