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The Venture Codex

Brown Advisory

901 S Bond Street, Suite 400, Baltimore, MD, 21231, United States

Overview

Independent investment firm providing client-focused portfolio management.

Founded

1993

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series B

Geographic focus

United States

Sector focus

Asset Management
Financial Services
Venture Capital
Wealth Management

Investment portfolio

7rounds
NAMEDATESIZE
Imperative Care
Mar 2026Participated
$100 MOther Equity
Phantom Neuro
Apr 2025Participated
$19 MSeries A
EquipmentShare
Apr 2023Participated
$290 MOther Equity
Delfi Diagnostics
Jul 2022Participated
$225 MSeries B
Thrive Earlier Detection
Jul 2020Participated
$257 MSeries B
RoundTrip
Mar 2018Participated
$2 MSeed
BurnAlong
Feb 2018Participated
$1 MOther Equity
Imperative Care
Mar 2026Participated
$100 MOther Equity
Phantom Neuro
Apr 2025Participated
$19 MSeries A
EquipmentShare
Apr 2023Participated
$290 MOther Equity
Delfi Diagnostics
Jul 2022Participated
$225 MSeries B
Thrive Earlier Detection
Jul 2020Participated
$257 MSeries B
RoundTrip
Mar 2018Participated
$2 MSeed
BurnAlong
Feb 2018Participated
$1 MOther Equity
7
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Brown Advisory: 7 funding rounds are recorded in the selected participation categories.All available history.
Brown Advisory: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A01
Series B02
Other Equity03

Monthly Deal Activity

Brown Advisory: 7 deals are recorded across 105 months.All available history.
Brown Advisory: 7 deals are recorded across 105 months. All available history
MonthDeals
Feb '181
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
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 '240
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 '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Brown Advisory: Health & Life Sciences is the largest displayed sector by deal count (6 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.

Brown Advisory: Health & Life Sciences is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Health & Life Sciences6
Transportation & Logistics2
Networks, Cloud & Communication1
Hardware & Robotics1
Enterprise Software1
AI & Machine Learning1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1

Deal Size Distribution

Brown Advisory: 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.

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

Deals By Geography

Brown Advisory: United States has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Brown Advisory: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Brown Advisory: 20 co-investors are shown, with Bain Capital Life Sciences 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.

Brown Advisory: 20 co-investors are shown, with Bain Capital Life Sciences sharing 2 recorded deals. All available history
Co-investorShared deals
Bain Capital Life Sciences2
Johns Hopkins University2
Perceptive Advisors2
Rock Springs Capital2
T. Rowe Price Associates2
Abell Foundation1
Actual VC1
Ally Bridge Group1
AV8 Ventures1
Baltimore Angels1
Ben Franklin Technology Partners of Southeastern Pennsylvania1
Breakout Ventures1
Casdin Capital1
Catalio Capital Management1
Cowen Healthcare Investments1
DFJ Growth1
Draper Associates1
Driehaus Capital Management1
E1 Ventures1
Elevage Medical Technologies1

Investment Strategy

Brown Advisory: Led accounts for 0% and participating for 100% of round participation.All available history.
Brown Advisory: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating7100%
Brown Advisory: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Brown Advisory: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Brett Gibson

Head of Washington Office

Ed Mathias

Director

Elise Liberto

Partner

Michael D. Hankin

founder/President and CEO

Miller Douglas

Analyst