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The Venture Codex

Overview

Accelerates medical innovation through capital and capabilities.

Founded

2017

Deals ยท 12mo

1

Stage focus

Series A

Geographic focus

Canada
France
Germany
United States

Sector focus

Clinical Trials
Health Care
Medical Device

Investment portfolio

14rounds
NAMEDATESIZE
UroMems
May 2026Led
$60 MOther Equity
Treeline Biosciences
Sep 2025Participated
$200 MSeries A
XII Medical
Aug 2024Participated
$45 MSeries B
Lumen Energy
Jun 2023Participated
$11 MSeries A
Cortica
Apr 2023Participated
$75 MOther Equity
Puzzle Medical Devices
Feb 2023Participated
$25 MSeries A
XII Medical
May 2022Led
$30 MSeries A
Third Harmonic Bio
Feb 2022Participated
$105 MSeries B
AcuityMD
May 2021Participated
$7 MOther Equity
Atriomx
Dec 2020Led
$10 MSeries A
Protaryx Medical
Jun 2020Led
$8 MSeries A
Verix Health
Oct 2019Led
$8 MSeries A
UroMems
May 2026Led
$60 MOther Equity
Treeline Biosciences
Sep 2025Participated
$200 MSeries A
XII Medical
Aug 2024Participated
$45 MSeries B
Lumen Energy
Jun 2023Participated
$11 MSeries A
Cortica
Apr 2023Participated
$75 MOther Equity
Puzzle Medical Devices
Feb 2023Participated
$25 MSeries A
XII Medical
May 2022Led
$30 MSeries A
Third Harmonic Bio
Feb 2022Participated
$105 MSeries B
AcuityMD
May 2021Participated
$7 MOther Equity
Atriomx
Dec 2020Led
$10 MSeries A
Protaryx Medical
Jun 2020Led
$8 MSeries A
Verix Health
Oct 2019Led
$8 MSeries A
14
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Insights

Time horizon

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Deal Distribution

Ajax Health: 14 funding rounds are recorded in the selected participation categories.All available history.
Ajax Health: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A63
Series B02
Other Equity12

Monthly Deal Activity

Ajax Health: 14 deals are recorded across 91 months.All available history.
Ajax Health: 14 deals are recorded across 91 months. All available history
MonthDeals
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '192
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '231
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 '240
Aug '241
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 '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Ajax Health: Health & Life Sciences is the largest displayed sector by deal count (12 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.

Ajax Health: Health & Life Sciences is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Health & Life Sciences12
Manufacturing1
AI & Machine Learning1
Clean Energy & Sustainability1
Data, Analytics & IT1

Deal Size Distribution

Ajax Health: 14 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.

Ajax Health: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M3
$10M-$25M3
$25M-$50M4
$50M-$100M2
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ajax Health: United States has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Ajax Health: United States has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
United States11
Europe2
Canada1
Ajax Health: 20 co-investors are shown, with Aperture Venture Partners sharing 4 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

Ajax Health: Led accounts for 50% and participating for 50% of round participation.All available history.
Ajax Health: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led750%
Participating750%
Ajax Health: Single-lead accounts for 71% and co-led for 29% of lead dynamics.All available history.
Ajax Health: Single-lead accounts for 71% and co-led for 29% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead571%
Co-led229%

Team

Aftab Kherani

Chief Medical Officer, Managing Director

David Beylik

Business Management

Douglas Koo

Chief Financial Officer

Duke Rohlen

Founder, CEO & Chairman