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The Venture Codex

Overview

Venture capital firm advising on alternative asset holdings.

Founded

2013

Deals · 12mo

1

Stage focus

Series B

Geographic focus

Norway
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

7rounds
NAMEDATESIZE
Joy
Nov 2025Led
$14 MSeries A
Torch Dental
Jul 2023Participated
$28 MSeries B
Recurrent Ventures
May 2022Participated
$300 MOther Equity
Recurrent
May 2022Participated
$300 MOther Equity
Natural Fiber Welding
Apr 2022Participated
$85 MSeries B
WaitWhat
Jun 2021Led
$12 MSeries B
NewStand
Jun 2021Participated
$40 MSeries B
Joy
Nov 2025Led
$14 MSeries A
Torch Dental
Jul 2023Participated
$28 MSeries B
Recurrent Ventures
May 2022Participated
$300 MOther Equity
Recurrent
May 2022Participated
$300 MOther Equity
Natural Fiber Welding
Apr 2022Participated
$85 MSeries B
WaitWhat
Jun 2021Led
$12 MSeries B
NewStand
Jun 2021Participated
$40 MSeries B
7
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Insights

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Deal Distribution

Raga Partners: 7 funding rounds are recorded in the selected participation categories.All available history.
Raga Partners: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B13
Other Equity02

Monthly Deal Activity

Raga Partners: 7 deals are recorded across 65 months.All available history.
Raga Partners: 7 deals are recorded across 65 months. All available history
MonthDeals
Jun '212
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '222
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
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 '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Raga Partners: Media & Entertainment is the largest displayed sector by deal count (3 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.

Raga Partners: Media & Entertainment is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Media & Entertainment3
Networks, Cloud & Communication2
Enterprise Software2
Consumer & Lifestyle1
Marketing & Advertising1
Manufacturing1
E-Commerce & Retail1
Health & Life Sciences1
Professional Services1
Clean Energy & Sustainability1

Deal Size Distribution

Raga Partners: 7 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.

Raga Partners: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M2
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Raga Partners: United States has the largest recorded deal count among the displayed regions (6 deals).All available history.

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

Raga Partners: United States has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
United States6
Europe1
Raga Partners: 20 co-investors are shown, with Blackstone 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

Raga Partners: Led accounts for 29% and participating for 71% of round participation.All available history.
Raga Partners: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led229%
Participating571%
Raga Partners: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Raga Partners: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Atul Joshi

Founder, CEO & CIO

David Heller

Co-founder and Co-chair of the Raga Investment Committee