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The Venture Codex

Overview

Venture capital firm investing in revolutionary technology companies.

Founded

2005

Deals ยท 12mo

73

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

706rounds
NAMEDATESIZE
Watchtower Labs
Oct 2026Participated
$35 MSeed
Coherence Neuro (Formerly Opto Biosystems)
Oct 2026Led
$45 MSeries A
Arda Industries
Oct 2026Participated
$160 MSeries A
Even
Oct 2026Participated
$50 MSeries B
Ramp
Oct 2026Led
$1.9 BSeries G
Clueso
Oct 2026Participated
$10 MSeries A
Multiply Labs
Oct 2026Participated
$75 MSeries B
Varda
Sep 2026Participated
$251 MSeries D
Biossil
Sep 2026Participated
$153 MOther Equity
EnduroSat
Sep 2026Participated
$205 MOther Equity
Fortell
Sep 2026Led
$163 MOther Equity
Covenant
Sep 2026Led
$250 MOther Equity
Watchtower Labs
Oct 2026Participated
$35 MSeed
Coherence Neuro (Formerly Opto Biosystems)
Oct 2026Led
$45 MSeries A
Arda Industries
Oct 2026Participated
$160 MSeries A
Even
Oct 2026Participated
$50 MSeries B
Ramp
Oct 2026Led
$1.9 BSeries G
Clueso
Oct 2026Participated
$10 MSeries A
Multiply Labs
Oct 2026Participated
$75 MSeries B
Varda
Sep 2026Participated
$251 MSeries D
Biossil
Sep 2026Participated
$153 MOther Equity
EnduroSat
Sep 2026Participated
$205 MOther Equity
Fortell
Sep 2026Led
$163 MOther Equity
Covenant
Sep 2026Led
$250 MOther Equity
706
Items
...
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Insights

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Deal Distribution

Founders Fund: 706 funding rounds are recorded in the selected participation categories.All available history.
Founders Fund: 706 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed6165
Series A55109
Series B3092
Series C+35106
Other Equity4599
ICO02
Debt25

Monthly Deal Activity

Founders Fund: 706 deals are recorded across 226 months.All available history.
Founders Fund: 706 deals are recorded across 226 months. All available history
MonthDeals
Jan '081
Feb '080
Mar '080
Apr '081
May '080
Jun '080
Jul '081
Aug '080
Sep '081
Oct '080
Nov '080
Dec '080
Jan '091
Feb '090
Mar '090
Apr '090
May '090
Jun '091
Jul '090
Aug '091
Sep '090
Oct '091
Nov '092
Dec '090
Jan '103
Feb '100
Mar '100
Apr '100
May '100
Jun '101
Jul '101
Aug '100
Sep '101
Oct '102
Nov '102
Dec '100
Jan '110
Feb '111
Mar '112
Apr '111
May '110
Jun '111
Jul '113
Aug '111
Sep '111
Oct '113
Nov '112
Dec '111
Jan '121
Feb '122
Mar '123
Apr '124
May '120
Jun '123
Jul '123
Aug '121
Sep '122
Oct '121
Nov '121
Dec '121
Jan '133
Feb '130
Mar '132
Apr '132
May '134
Jun '132
Jul '132
Aug '132
Sep '132
Oct '132
Nov '131
Dec '135
Jan '143
Feb '143
Mar '141
Apr '144
May '143
Jun '142
Jul '144
Aug '141
Sep '141
Oct '142
Nov '140
Dec '143
Jan '153
Feb '151
Mar '151
Apr '152
May '152
Jun '153
Jul '153
Aug '151
Sep '151
Oct '154
Nov '152
Dec '150
Jan '164
Feb '165
Mar '161
Apr '162
May '162
Jun '164
Jul '162
Aug '163
Sep '161
Oct '162
Nov '163
Dec '161
Jan '172
Feb '171
Mar '174
Apr '171
May '172
Jun '173
Jul '170
Aug '174
Sep '172
Oct '174
Nov '172
Dec '173
Jan '183
Feb '182
Mar '186
Apr '184
May '184
Jun '183
Jul '182
Aug '185
Sep '184
Oct '183
Nov '186
Dec '181
Jan '194
Feb '194
Mar '193
Apr '194
May '195
Jun '195
Jul '195
Aug '192
Sep '196
Oct '198
Nov '1910
Dec '193
Jan '203
Feb '203
Mar '201
Apr '204
May '205
Jun '205
Jul '208
Aug '202
Sep '204
Oct '205
Nov '203
Dec '2012
Jan '212
Feb '218
Mar '215
Apr '2111
May '217
Jun '215
Jul '217
Aug '2113
Sep '218
Oct '2110
Nov '2111
Dec '219
Jan '227
Feb '225
Mar '227
Apr '2213
May '228
Jun '225
Jul '226
Aug '227
Sep '226
Oct '222
Nov '228
Dec '224
Jan '231
Feb '232
Mar '231
Apr '232
May '232
Jun '234
Jul '231
Aug '237
Sep '232
Oct '233
Nov '234
Dec '234
Jan '241
Feb '244
Mar '241
Apr '245
May '247
Jun '242
Jul '247
Aug '243
Sep '241
Oct '245
Nov '241
Dec '241
Jan '254
Feb '252
Mar '253
Apr '255
May '254
Jun '257
Jul '255
Aug '252
Sep '254
Oct '256
Nov '256
Dec '251
Jan '263
Feb '267
Mar '263
Apr '264
May '2611
Jun '2610
Jul '264
Aug '267
Sep '266
Oct '267

Sector Breakdown

Founders Fund: Enterprise Software is the largest displayed sector by deal count (184 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.

Founders Fund: Enterprise Software is the largest displayed sector by deal count (184 deals). All available history
SectorDeals
Enterprise Software184
Health & Life Sciences172
AI & Machine Learning146
Networks, Cloud & Communication134
Fintech125
Hardware & Robotics86
Space & Frontier Tech77
E-Commerce & Retail76
Data, Analytics & IT72
Professional Services72
Consumer & Lifestyle63
Manufacturing62
Transportation & Logistics56
Real Estate & Construction55
Social & Community Platforms54
Crypto & Blockchain37
Media & Entertainment35
Government & Defense31
Marketing & Advertising31
Cybersecurity & Privacy29
Clean Energy & Sustainability29
Developer Tools23
Education & Workforce22
Food & Agriculture22
AR/VR14
Gaming & eSports13
Travel & Hospitality7

Deal Size Distribution

Founders Fund: 706 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.

Founders Fund: 706 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M100
$5M-$10M81
$10M-$25M177
$25M-$50M121
$50M-$100M100
$100M-$250M71
$250M-$500M26
$500M-$1B16
$1B+14

Deals By Geography

Founders Fund: United States has the largest recorded deal count among the displayed regions (614 deals).All available history.

Top 10 of 21 regions; European countries are grouped as Europe.

Founders Fund: United States has the largest recorded deal count among the displayed regions (614 deals). All available history
RegionDeals
United States614
Europe44
Brazil7
Canada5
Mexico5
India4
United Arab Emirates4
New Zealand3
Cayman Islands3
Israel3
Founders Fund: 20 co-investors are shown, with Khosla Ventures sharing 82 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

Founders Fund: Led accounts for 32% and participating for 68% of round participation.All available history.
Founders Fund: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led22832%
Participating47868%
Founders Fund: Single-lead accounts for 65% and co-led for 35% of lead dynamics.All available history.
Founders Fund: Single-lead accounts for 65% and co-led for 35% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead14865%
Co-led8035%

Team

Delian Asparouhov

Co-Founder, President, Chairman

Erin Gleason

Vice President of Communications

Joey Krug

Investor

Keith Rabois

CEO and Co-Founder

Lauren Gross

Partner & COO

Neil Ruthven

Chief Financial Officer

Peter Thiel

Managing Partner

Trae Stephens

Co-founder