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The Venture Codex

Overview

Venture capital firm specializing in commerce startups.

Deals · 12mo

6

Links

Stage focus

Series A
Series C

Geographic focus

Denmark
Japan
Singapore
United States

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
Bridgesmile
Sep 2026Participated
$52 MSeries A
Tokenz
Jun 2026Participated
$6 MSeries A
Recerqa
Apr 2026Participated
$11 MSeries A
CommerceX Holdings
Feb 2026Participated
$111 MSeries A
Pie Systems
Nov 2025Participated
$16 MSeries A
Shippio
Oct 2025Participated
$21 MSeries C
NINAITE
Oct 2025Participated
$1 MSeries A
Qlay Technologies
Aug 2025Participated
$1 MSeed
TePs
Mar 2024Participated
$0.89 MSeries A
COUNTERWORKS
Oct 2023Participated
$8 MSeries C
Domuz
Mar 2023Participated
$0.73 MOther Equity
TePs
Jan 2023Led
$0.38 MSeries A
Bridgesmile
Sep 2026Participated
$52 MSeries A
Tokenz
Jun 2026Participated
$6 MSeries A
Recerqa
Apr 2026Participated
$11 MSeries A
CommerceX Holdings
Feb 2026Participated
$111 MSeries A
Pie Systems
Nov 2025Participated
$16 MSeries A
Shippio
Oct 2025Participated
$21 MSeries C
NINAITE
Oct 2025Participated
$1 MSeries A
Qlay Technologies
Aug 2025Participated
$1 MSeed
TePs
Mar 2024Participated
$0.89 MSeries A
COUNTERWORKS
Oct 2023Participated
$8 MSeries C
Domuz
Mar 2023Participated
$0.73 MOther Equity
TePs
Jan 2023Led
$0.38 MSeries A
12
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Insights

Time horizon

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Deal Distribution

New Commerce Ventures: 12 funding rounds are recorded in the selected participation categories.All available history.
New Commerce Ventures: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A17
Series C+02
Other Equity01

Monthly Deal Activity

New Commerce Ventures: 12 deals are recorded across 46 months.All available history.
New Commerce Ventures: 12 deals are recorded across 46 months. All available history
MonthDeals
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
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 '252
Nov '251
Dec '250
Jan '260
Feb '261
Mar '260
Apr '261
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

New Commerce Ventures: Enterprise Software is the largest displayed sector by deal count (11 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.

New Commerce Ventures: Enterprise Software is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Enterprise Software11
Networks, Cloud & Communication4
Professional Services4
E-Commerce & Retail3
AI & Machine Learning2
Data, Analytics & IT2
Real Estate & Construction2
Marketing & Advertising1
Hardware & Robotics1
Fintech1
Food & Agriculture1
Transportation & Logistics1

Deal Size Distribution

New Commerce Ventures: 12 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.

New Commerce Ventures: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M2
$10M-$25M3
$25M-$50M0
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

New Commerce Ventures: Japan has the largest recorded deal count among the displayed regions (9 deals).All available history.

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

New Commerce Ventures: Japan has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Japan9
United States1
Singapore1
Europe1
New Commerce Ventures: 20 co-investors are shown, with Coral Capital sharing 2 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

New Commerce Ventures: Led accounts for 8% and participating for 92% of round participation.All available history.
New Commerce Ventures: Led accounts for 8% and participating for 92% of round participation. All available history
CategoryDeals (count)Share (%)
Led18%
Participating1192%
New Commerce Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
New Commerce Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

KOHEI OKUBO

General Partner