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The Venture Codex

Overview

Minority growth investor in high-growth technology and consumer companies.

Founded

2007

Deals ยท 12mo

2

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Business Development
Finance
Financial Services
FinTech
...

Investment portfolio

36rounds
NAMEDATESIZE
Formic Technologies
Oct 2026Led
$50 MSeries B
Ownwell
Feb 2026Led
$50 MSeries B
Wellth
Aug 2025Led
$36 MSeries C
Videra Health
May 2024Participated
$6 MSeed
Greenfly
Apr 2024Participated
$14 MOther Equity
Device Authority
Feb 2024Led
$2 MSeries A
Lambda
Mar 2023Led
$44 MSeries B
Paytient
Jan 2023Participated
$41 MSeries B
Attain
Nov 2022Led
$25 MSeries B
Prime Trust
Jun 2022Participated
$100 MSeries B
alphaMountain.ai
Apr 2022Led
$3 MSeed
Atomic
Mar 2022Led
$40 MSeries B
Formic Technologies
Oct 2026Led
$50 MSeries B
Ownwell
Feb 2026Led
$50 MSeries B
Wellth
Aug 2025Led
$36 MSeries C
Videra Health
May 2024Participated
$6 MSeed
Greenfly
Apr 2024Participated
$14 MOther Equity
Device Authority
Feb 2024Led
$2 MSeries A
Lambda
Mar 2023Led
$44 MSeries B
Paytient
Jan 2023Participated
$41 MSeries B
Attain
Nov 2022Led
$25 MSeries B
Prime Trust
Jun 2022Participated
$100 MSeries B
alphaMountain.ai
Apr 2022Led
$3 MSeed
Atomic
Mar 2022Led
$40 MSeries B
36
Items
...
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Insights

Time horizon

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Deal Distribution

Mercato Partners: 36 funding rounds are recorded in the selected participation categories.All available history.
Mercato Partners: 36 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A71
Series B85
Series C+31
Other Equity72

Monthly Deal Activity

Mercato Partners: 36 deals are recorded across 208 months.All available history.
Mercato Partners: 36 deals are recorded across 208 months. All available history
MonthDeals
Jul '091
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '132
Feb '130
Mar '131
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '131
Oct '130
Nov '130
Dec '130
Jan '140
Feb '142
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '160
Mar '160
Apr '161
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 '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '212
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '241
May '241
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 '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Mercato Partners: Enterprise Software is the largest displayed sector by deal count (16 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.

Mercato Partners: Enterprise Software is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Enterprise Software16
Fintech9
Data, Analytics & IT8
Hardware & Robotics7
Networks, Cloud & Communication6
Health & Life Sciences6
Marketing & Advertising5
AI & Machine Learning4
Cybersecurity & Privacy3
Consumer & Lifestyle3
E-Commerce & Retail2
Clean Energy & Sustainability2
Real Estate & Construction2
Crypto & Blockchain2
Media & Entertainment2
Developer Tools2
Travel & Hospitality1
Government & Defense1
AR/VR1
Space & Frontier Tech1
Manufacturing1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Mercato Partners: 36 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.

Mercato Partners: 36 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M5
$10M-$25M8
$25M-$50M11
$50M-$100M7
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mercato Partners: United States has the largest recorded deal count among the displayed regions (35 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Mercato Partners: United States has the largest recorded deal count among the displayed regions (35 deals). All available history
RegionDeals
United States35
Europe1
Mercato Partners: 20 co-investors are shown, with Greylock Partners sharing 3 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

Mercato Partners: Led accounts for 72% and participating for 28% of round participation.All available history.
Mercato Partners: Led accounts for 72% and participating for 28% of round participation. All available history
CategoryDeals (count)Share (%)
Led2672%
Participating1028%
Mercato Partners: Single-lead accounts for 88% and co-led for 12% of lead dynamics.All available history.
Mercato Partners: Single-lead accounts for 88% and co-led for 12% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2388%
Co-led312%

Team

Alan Hall

Partner

Andrew K. Smith

Managing Director of Savory Fund

Greg Warnock

Co-Founder, Managing Director

Joe Kaiser

Director

Josh Christensen

Principal, Traverse Growth Funds

Justin Edwards

Vice President

Mei Headley

Associate

Taylor DeHart

Principal