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The Venture Codex

Definition Capital

New York, NY, United States

Overview

Venture capital firm investing in category-defining software companies.

Founded

2021

Deals ยท 12mo

16

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

FinTech
Software
Venture Capital

Investment portfolio

35rounds
NAMEDATESIZE
Flapping Airplanes
Oct 2026Participated
$1.0 BSeries A
Firefly
Oct 2026Led
$20 MSeries A
Ramp
Oct 2026Participated
$1.9 BSeries G
Hone
Oct 2026Participated
$60 MSeed
Corridor
Sep 2026Participated
$25 MSeed
Adaptive Real Estate
Sep 2026Participated
$30 MSeries B
Footprint
Sep 2026Participated
$25 MSeries B
Cognition
Sep 2026Participated
$2.0 BSeries E
Primero
Aug 2026Participated
$12 MSeed
TerraFirma
Jul 2026Participated
$100 MSeries A
Ramp
Jun 2026Participated
$750 MSeries F
Cognition
May 2026Participated
$1.0 BSeries D
Flapping Airplanes
Oct 2026Participated
$1.0 BSeries A
Firefly
Oct 2026Led
$20 MSeries A
Ramp
Oct 2026Participated
$1.9 BSeries G
Hone
Oct 2026Participated
$60 MSeed
Corridor
Sep 2026Participated
$25 MSeed
Adaptive Real Estate
Sep 2026Participated
$30 MSeries B
Footprint
Sep 2026Participated
$25 MSeries B
Cognition
Sep 2026Participated
$2.0 BSeries E
Primero
Aug 2026Participated
$12 MSeed
TerraFirma
Jul 2026Participated
$100 MSeries A
Ramp
Jun 2026Participated
$750 MSeries F
Cognition
May 2026Participated
$1.0 BSeries D
35
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Insights

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Deal Distribution

Definition Capital: 35 funding rounds are recorded in the selected participation categories.All available history.
Definition Capital: 35 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed07
Series A18
Series B03
Series C+012
Other Equity12
Debt01

Monthly Deal Activity

Definition Capital: 35 deals are recorded across 63 months.All available history.
Definition Capital: 35 deals are recorded across 63 months. All available history
MonthDeals
Aug '211
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '233
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '251
Feb '251
Mar '250
Apr '251
May '250
Jun '251
Jul '251
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '261
Feb '261
Mar '261
Apr '260
May '261
Jun '261
Jul '261
Aug '261
Sep '264
Oct '264

Sector Breakdown

Definition Capital: AI & Machine Learning is the largest displayed sector by deal count (26 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.

Definition Capital: AI & Machine Learning is the largest displayed sector by deal count (26 deals). All available history
SectorDeals
AI & Machine Learning26
Enterprise Software16
Fintech16
Data, Analytics & IT4
Networks, Cloud & Communication4
Professional Services4
Cybersecurity & Privacy3
Real Estate & Construction3
Developer Tools3
Government & Defense2
Hardware & Robotics2
Health & Life Sciences2
Travel & Hospitality1
Education & Workforce1
E-Commerce & Retail1
Transportation & Logistics1
Crypto & Blockchain1
Manufacturing1

Deal Size Distribution

Definition Capital: 35 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.

Definition Capital: 35 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M11
$25M-$50M4
$50M-$100M1
$100M-$250M6
$250M-$500M5
$500M-$1B3
$1B+4

Deals By Geography

Definition Capital: United States has the largest recorded deal count among the displayed regions (33 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Definition Capital: United States has the largest recorded deal count among the displayed regions (33 deals). All available history
RegionDeals
United States33
Mexico1
Canada1
Definition Capital: 20 co-investors are shown, with Lux Capital sharing 17 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

Definition Capital: Led accounts for 6% and participating for 94% of round participation.All available history.
Definition Capital: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led26%
Participating3394%
Definition Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Definition Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Teddy Citrin

Founder and General Partner

Weston Reynolds

Founder and General Partner