The Venture Codex

Participated · Series G · Jun 2026

Alan is a French digital health insurer offering 100% online health insurance and has positioned itself as aiming to become the "Revolut de la santé." The company celebrated its tenth anniversary around the time of the fundraise. Alan reported 53% year-over-year growth in the first quarter. Following the financing its valuation increased to €5.5 billion, up from €5 billion in the prior valuation. The company recently announced a separate €100 million transaction and added high-profile investors to its cap table, including Kylian Mbappé as an investor and Prosus as a lead in the latest round. CEO Jean-Charles Samuelian indicated the business did not strictly need cash when raising the new financing.

Participated · Series A · Sep 2025

Lila Sciences develops an AI-driven platform that trains models on scientific literature across material sciences, chemistry and life sciences and generates experimental hypotheses. The company pairs those model outputs with laboratory setups to experimentally validate and close the loop between prediction and reproducible results. Reporting says Lila aims for a domain‑crossing, general-purpose science enablement stack rather than narrowly focused tools. Financially, it has completed a reported $200 million seed, emerged from stealth last year, and closed a $350 million Series A in October that lifted its valuation above $1.3 billion. Current reporting describes Lila negotiating an approximately $2 billion financing to scale compute, inference and laboratory capacity and to accelerate partner programs. The firm's growth narrative emphasizes standardizing experiment and feedback loops to make discovery repeatable and scalable.

Participated · Seed · Feb 2025

Qeen.ai builds autonomous AI agents for e-commerce that handle content creation, marketing, and conversational sales for merchants across MENA. Its platform uses proprietary RL-UI technology to continuously learn from consumer interactions and dynamically personalize content (for example, device-specific text formats). Since launching its Dynamic Content agent in Q2 2024, Qeen says it has served over 15 million users, generated 1 million SKU descriptions, and helped merchants increase sales by 30%; notable clients include Dubai Store, 6th Street, and Jumia. The company employs a subscription-based, value-driven pricing model: content automation is charged per active SKU (typically $0.10–$0.20 per SKU per month) while its AI marketing agent is priced by interaction; Qeen declined to disclose total customers or revenue growth. Founded by former Google and DeepMind engineers Morteza Ibrahimi (CEO), Ahmad Khwlieh (CTO), and Dina Alsamhan (CBO), Qeen currently has over 25 employees across the UAE and Jordan and plans to scale across MENA before expanding globally. The startup is using new funding to expand its AI platform, grow the team, and attract more customers amid rapid regional e-commerce growth. qeen.ai is a Dubai-based AI startup founded in 2023 by Dina Alsamhan, Ahmad Khwileh and Morteza Ibrahimi. The company provides no-code, native GenAI product-discovery solutions for e-commerce businesses of all sizes. Its platform learns from user interactions and autonomously improves content in real time and across multiple languages without manual intervention. qeen.ai aims to boost online sales and customer lifetime value (LTV) for its clients. The company closed a $2.2M Pre-Seed funding round and intends to use the proceeds to expand operations and its business reach. Investors in the round include Wamda Capital, 10x Founders, Aditum, Dara Holdings, Jabbar Group, Phaze Ventures and Eureka 460.

Participated · Series B · Jan 2025

VEIR designs superconducting power-delivery products that provide up to 10× the power of traditional cables at the same voltage, enabling a smaller electrical footprint for AI-focused data centers and higher-capacity transmission corridors. Its solutions aim to improve data-center efficiency, reduce server latency, simplify campus electrical designs, and enable existing transmission lines to carry significantly more power within the same corridor. VEIR targets customers across data centers, utilities, and renewable energy developers to accelerate grid resilience and global decarbonization. The company positions superconductors as a way to relieve interconnection bottlenecks and integrate new generation onto the grid. VEIR is based in Woburn, Mass., and is pursuing commercialization of its product portfolio. The company recently closed a major financing to support those commercialization efforts. Veir develops next-generation superconducting electric transmission technology designed to carry much higher electrical currents with negligible losses by cooling lines with liquid nitrogen. The company’s proprietary system aims to increase transmission capacity relative to the current grid while using existing rights of way, which can ease siting and permitting for developers. Veir operates an outdoor demonstration of its technology and is focused on delivering full product specifications for each subsystem. Led by CEO Tim Heidel, the company plans to use new funding to advance product development across its subsystems. No revenue or user metrics were disclosed in the article. Veir is a Boston, MA–based company led by CEO Adam Wallen that develops an evaporative cryogenic cooling technology platform for high-temperature superconductor electricity transmission. Its platform is designed to increase the amount of power transmitted at lower voltages in smaller right-of-ways, connecting low-cost renewable resources to demand centers. The company raised a $10M Series A, bringing total funding to date to more than $12M. The round was led by Breakthrough Energy Ventures, with participation from existing investor Congruent Ventures and new investor The Engine. Veir intends to use the capital to scale its team—hiring technical talent in cryogenics and the energy industry as well as operational and sales staff—and to begin developing and testing critical subsystems required for grid deployment. The company also plans to establish a physical development site in Massachusetts to support commercial development and testing.

Participated · Series A · Dec 2023

Laza Medical is developing an AI-powered robotically-assisted imaging solution for cardiovascular interventions. The product is designed to optimize procedural workflows and elevate the standard of imaging for these procedures. The company is a Shifamed portfolio company based in Los Gatos, CA. It raised $36M in a Series A to accelerate product development and further expand the team. Laza also announced the appointment of Pablo Garcia as General Manager. Garcia previously served as Vice President of Digital Solutions for Johnson & Johnson and was the technical co-founder of Verb Surgical, a venture later acquired by Johnson & Johnson in 2020.