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The Venture Codex

Chugai Venture Fund

101 Huntington Avenue, Suite 525, Boston, MA, 02199, United States

Overview

Investment firm promoting innovation in the life sciences industry.

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

Series A

Geographic focus

United States

Sector focus

—

Investment portfolio

6rounds
NAMEDATESIZE
Leal Therapeutics
Aug 2026Participated
$30 MSeries A
Ten63 Therapeutics
Feb 2026Led
$45 MOther Equity
Dualitas Therapeutics
Sep 2025Participated
$65 MSeries A
Leal Therapeutics
Aug 2025Participated
$30 MSeries A
Stylus Medicine
May 2025Participated
$45 MSeries A
Leal Therapeutics
Oct 2024Participated
$45 MOther Equity
Leal Therapeutics
Aug 2026Participated
$30 MSeries A
Ten63 Therapeutics
Feb 2026Led
$45 MOther Equity
Dualitas Therapeutics
Sep 2025Participated
$65 MSeries A
Leal Therapeutics
Aug 2025Participated
$30 MSeries A
Stylus Medicine
May 2025Participated
$45 MSeries A
Leal Therapeutics
Oct 2024Participated
$45 MOther Equity
6
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Insights

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Deal Distribution

Chugai Venture Fund: 6 funding rounds are recorded in the selected participation categories.All available history.
Chugai Venture Fund: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A04
Other Equity11

Monthly Deal Activity

Chugai Venture Fund: 6 deals are recorded across 25 months.All available history.
Chugai Venture Fund: 6 deals are recorded across 25 months. All available history
MonthDeals
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Chugai Venture Fund: 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.

Chugai Venture Fund: Health & Life Sciences is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Health & Life Sciences6
Space & Frontier Tech3
Enterprise Software1

Deal Size Distribution

Chugai Venture Fund: 6 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.

Chugai Venture Fund: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M5
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Chugai Venture Fund: United States has the largest recorded deal count among the displayed regions (6 deals).All available history.

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

Chugai Venture Fund: United States has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
United States6
Chugai Venture Fund: 13 co-investors are shown, with Alexandria Venture Investments 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.

Chugai Venture Fund: 13 co-investors are shown, with Alexandria Venture Investments sharing 4 recorded deals. All available history
Co-investorShared deals
Alexandria Venture Investments4
Eli Lilly and Company3
Euclidean Capital3
Newpath Partners3
OrbiMed3
PhiFund Ventures3
SV Health Investors3
Bill & Melinda Gates Foundation1
Johnson & Johnson Innovation1
Khosla Ventures1
Qiming Venture Partners USA1
RA Capital Management1
Versant Ventures1

Investment Strategy

Chugai Venture Fund: Led accounts for 17% and participating for 83% of round participation.All available history.
Chugai Venture Fund: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led117%
Participating583%
Chugai Venture Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Chugai Venture Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

John Gustofson

Founder & President

Michael Dial

General Partner