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The Venture Codex

Overview

Private investment partnership specializing in biotechnology investments.

Founded

1993

Deals ยท 12mo

9

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Biotechnology
Financial Services
Venture Capital

Investment portfolio

99rounds
NAMEDATESIZE
Caspian Therapeutics
Sep 2026Led
$50 MOther Equity
Superluminal Medicines
Sep 2026Led
$60 MSeries B
Expedition Therapeutics
Aug 2026Participated
$115 MSeries B
Contraline
Jun 2026Led
$93 MSeries B
Ambrosia Biosciences
Mar 2026Participated
$100 MSeries B
Crossbow Therapeutics
Mar 2026Participated
$77 MSeries B
Angitia Biopharmaceuticals
Feb 2026Participated
$130 MSeries D
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Diagonal Therapeutics
Jan 2026Participated
$125 MSeries B
Expedition Therapeutics
Oct 2025Participated
$165 MSeries A
Antares Therapeutics
Jun 2025Led
$177 MSeries A
Merida Biosciences
Apr 2025Led
$121 MSeries A
Caspian Therapeutics
Sep 2026Led
$50 MOther Equity
Superluminal Medicines
Sep 2026Led
$60 MSeries B
Expedition Therapeutics
Aug 2026Participated
$115 MSeries B
Contraline
Jun 2026Led
$93 MSeries B
Ambrosia Biosciences
Mar 2026Participated
$100 MSeries B
Crossbow Therapeutics
Mar 2026Participated
$77 MSeries B
Angitia Biopharmaceuticals
Feb 2026Participated
$130 MSeries D
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Diagonal Therapeutics
Jan 2026Participated
$125 MSeries B
Expedition Therapeutics
Oct 2025Participated
$165 MSeries A
Antares Therapeutics
Jun 2025Led
$177 MSeries A
Merida Biosciences
Apr 2025Led
$121 MSeries A
99
Items
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Insights

Time horizon

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Deal Distribution

BVF Partners: 99 funding rounds are recorded in the selected participation categories.All available history.
BVF Partners: 99 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A616
Series B833
Series C+121
Other Equity49

Monthly Deal Activity

BVF Partners: 99 deals are recorded across 154 months.All available history.
BVF Partners: 99 deals are recorded across 154 months. All available history
MonthDeals
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '142
Dec '140
Jan '150
Feb '150
Mar '151
Apr '150
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '171
Jan '180
Feb '180
Mar '183
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '182
Jan '190
Feb '191
Mar '191
Apr '192
May '191
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '190
Dec '191
Jan '200
Feb '201
Mar '201
Apr '200
May '201
Jun '202
Jul '203
Aug '200
Sep '201
Oct '203
Nov '201
Dec '201
Jan '213
Feb '213
Mar '211
Apr '216
May '211
Jun '210
Jul '211
Aug '210
Sep '211
Oct '214
Nov '211
Dec '210
Jan '223
Feb '223
Mar '220
Apr '220
May '220
Jun '222
Jul '220
Aug '220
Sep '222
Oct '220
Nov '220
Dec '221
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '232
Aug '231
Sep '231
Oct '230
Nov '232
Dec '231
Jan '240
Feb '240
Mar '240
Apr '241
May '242
Jun '240
Jul '242
Aug '241
Sep '241
Oct '241
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '262
Mar '262
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '262
Oct '260

Sector Breakdown

BVF Partners: Health & Life Sciences is the largest displayed sector by deal count (99 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.

BVF Partners: Health & Life Sciences is the largest displayed sector by deal count (99 deals). All available history
SectorDeals
Health & Life Sciences99
Consumer & Lifestyle4
Space & Frontier Tech2
Manufacturing1
AI & Machine Learning1
Professional Services1

Deal Size Distribution

BVF Partners: 99 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.

BVF Partners: 99 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M5
$25M-$50M13
$50M-$100M34
$100M-$250M44
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

BVF Partners: United States has the largest recorded deal count among the displayed regions (90 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

BVF Partners: United States has the largest recorded deal count among the displayed regions (90 deals). All available history
RegionDeals
United States90
Europe4
Canada3
V5t 1m41
China1
BVF Partners: 20 co-investors are shown, with RA Capital Management sharing 34 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

BVF Partners: Led accounts for 20% and participating for 80% of round participation.All available history.
BVF Partners: Led accounts for 20% and participating for 80% of round participation. All available history
CategoryDeals (count)Share (%)
Led2020%
Participating7980%
BVF Partners: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
BVF Partners: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead840%
Co-led1260%

Team

Gorjan Hrustanovic

Managing Director

James Kratky

Chief Financial Officer, Chief Compliance Officer

Mark Nathan Lampert

President, CEO/Founder

Matthew Perry

Portfolio Manager

Michael Murray

Managing Director

Mitchell Kaye

Business & Operations

Sam Huang

Principal

Spike Loy

Managing Director