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The Venture Codex

Overview

Venture funding for North Carolina's biotech enterprises.

Deals · 12mo

1

Stage focus

Series B

Geographic focus

United States

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
iOrganBio
Oct 2025Participated
$2 MOther Equity
Incyclix Bio
Aug 2025Participated
$11 MSeries B
iOrganBio
Oct 2025Participated
$2 MOther Equity
Incyclix Bio
Aug 2025Participated
$11 MSeries B
2
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Deal Distribution

Cape Fear BioCapital: 2 funding rounds are recorded in the selected participation categories.All available history.
Cape Fear BioCapital: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B01
Other Equity01

Monthly Deal Activity

Cape Fear BioCapital: 2 deals are recorded across 15 months.All available history.
Cape Fear BioCapital: 2 deals are recorded across 15 months. All available history
MonthDeals
Aug '251
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Cape Fear BioCapital: Health & Life Sciences is the largest displayed sector by deal count (2 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.

Cape Fear BioCapital: Health & Life Sciences is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Health & Life Sciences2

Deal Size Distribution

Cape Fear BioCapital: 2 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.

Cape Fear BioCapital: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Cape Fear BioCapital: United States has the largest recorded deal count among the displayed regions (2 deals).All available history.

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

Cape Fear BioCapital: United States has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
United States2
Cape Fear BioCapital: 8 co-investors are shown, with 2ndF 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.

Cape Fear BioCapital: 8 co-investors are shown, with 2ndF sharing 1 recorded deals. All available history
Co-investorShared deals
2ndF1
Alix Ventures1
Eli Lilly and Company1
Eshelman Ventures1
First Star Ventures1
IndieBio1
Pharmacosmos1
Terasaki Institute1

Investment Strategy

Cape Fear BioCapital: Led accounts for 0% and participating for 100% of round participation.All available history.
Cape Fear BioCapital: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating2100%
Cape Fear BioCapital: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Cape Fear BioCapital: 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

Dave Ousterout

Co-Founder & General Partner

Ed Field

Co-founder & General Partner

Jimmy Melton

Co-Founder & General Partner