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The Venture Codex

Overview

Investment boutique focused on tech businesses in frontier markets.

Founded

2006

Deals ยท 12mo

2

Stage focus

Seed

Geographic focus

Pakistan
Singapore
Switzerland
United Arab Emirates
...

Sector focus

Finance
Financial Services
Funding Platform

Investment portfolio

10rounds
NAMEDATESIZE
MagicPort
Jul 2026Participated
$3 MSeed
KLIPY
Jun 2026Participated
$4 MOther Equity
KLIPY
Apr 2025Participated
$1 MSeed
DealCart
Jul 2024Led
$3 MSeed
Pastoral
Apr 2023Participated
$0.26 MSeed
Abhi
Apr 2022Participated
$17 MSeries A
Finmap
Jan 2022Participated
$1 MSeed
ZoodPay
Nov 2021Participated
$38 MSeries B
zip24
Jun 2021Led
$1 MSeed
BILLZ
May 2020Led
$0.15 MOther Equity
MagicPort
Jul 2026Participated
$3 MSeed
KLIPY
Jun 2026Participated
$4 MOther Equity
KLIPY
Apr 2025Participated
$1 MSeed
DealCart
Jul 2024Led
$3 MSeed
Pastoral
Apr 2023Participated
$0.26 MSeed
Abhi
Apr 2022Participated
$17 MSeries A
Finmap
Jan 2022Participated
$1 MSeed
ZoodPay
Nov 2021Participated
$38 MSeries B
zip24
Jun 2021Led
$1 MSeed
BILLZ
May 2020Led
$0.15 MOther Equity
10
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Insights

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Deal Distribution

Sturgeon Capital: 10 funding rounds are recorded in the selected participation categories.All available history.
Sturgeon Capital: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed24
Series A01
Series B01
Other Equity11

Monthly Deal Activity

Sturgeon Capital: 10 deals are recorded across 78 months.All available history.
Sturgeon Capital: 10 deals are recorded across 78 months. All available history
MonthDeals
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Sturgeon Capital: Enterprise Software 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.

Sturgeon Capital: Enterprise Software is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Enterprise Software3
Fintech3
E-Commerce & Retail3
Marketing & Advertising2
Food & Agriculture2
AI & Machine Learning2
Social & Community Platforms2
Networks, Cloud & Communication1
Health & Life Sciences1
Professional Services1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

Sturgeon Capital: 10 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.

Sturgeon Capital: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sturgeon Capital: Europe has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Sturgeon Capital: Europe has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
Europe3
Pakistan2
United States2
Singapore1
United Arab Emirates1
Uzbekistan1
Sturgeon Capital: 20 co-investors are shown, with 500 Global sharing 1 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

Sturgeon Capital: Led accounts for 30% and participating for 70% of round participation.All available history.
Sturgeon Capital: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led330%
Participating770%
Sturgeon Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Sturgeon Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Kiyan Zandiyeh

Chief Investment Officer