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The Venture Codex

Overview

Healthcare company focused on investment, information, and philanthropy.

Founded

1994

Deals ยท 12mo

5

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Health Care
Health Insurance
Information Services

Investment portfolio

206rounds
NAMEDATESIZE
Boulevard Bio
Aug 2026Led
$65 MOther Equity
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Neomorph
Apr 2026Led
$100 MSeries B
SHINE Technologies
Feb 2026Participated
$240 MSeries D
Excelsior Sciences
Dec 2025Led
$95 MSeries A
Axon Therapies
Sep 2025Participated
$32 MSeries A
Reprieve Cardiovascular
Aug 2025Led
$61 MSeries B
Actio Biosciences
Jun 2025Led
$66 MSeries B
Ready
Jun 2025Led
$12 MOther Equity
Cohere Health
May 2025Participated
$90 MSeries C
Atlas Data Storage
May 2025Participated
$155 MSeed
Ascertain
Apr 2025Led
$10 MSeries A
Boulevard Bio
Aug 2026Led
$65 MOther Equity
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Neomorph
Apr 2026Led
$100 MSeries B
SHINE Technologies
Feb 2026Participated
$240 MSeries D
Excelsior Sciences
Dec 2025Led
$95 MSeries A
Axon Therapies
Sep 2025Participated
$32 MSeries A
Reprieve Cardiovascular
Aug 2025Led
$61 MSeries B
Actio Biosciences
Jun 2025Led
$66 MSeries B
Ready
Jun 2025Led
$12 MOther Equity
Cohere Health
May 2025Participated
$90 MSeries C
Atlas Data Storage
May 2025Participated
$155 MSeed
Ascertain
Apr 2025Led
$10 MSeries A
206
Items
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Insights

Time horizon

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Deal Distribution

Deerfield Management: 206 funding rounds are recorded in the selected participation categories.All available history.
Deerfield Management: 206 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Series A2512
Series B1828
Series C+2454
Other Equity2810
Debt41

Monthly Deal Activity

Deerfield Management: 206 deals are recorded across 220 months.All available history.
Deerfield Management: 206 deals are recorded across 220 months. All available history
MonthDeals
Jul '081
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '101
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '111
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '131
May '130
Jun '130
Jul '130
Aug '131
Sep '131
Oct '130
Nov '131
Dec '131
Jan '141
Feb '140
Mar '142
Apr '142
May '142
Jun '141
Jul '141
Aug '140
Sep '140
Oct '143
Nov '140
Dec '141
Jan '154
Feb '150
Mar '151
Apr '150
May '152
Jun '153
Jul '150
Aug '152
Sep '151
Oct '151
Nov '151
Dec '152
Jan '163
Feb '161
Mar '161
Apr '161
May '162
Jun '161
Jul '160
Aug '160
Sep '161
Oct '160
Nov '163
Dec '162
Jan '170
Feb '171
Mar '170
Apr '170
May '172
Jun '170
Jul '170
Aug '171
Sep '170
Oct '171
Nov '171
Dec '170
Jan '181
Feb '180
Mar '182
Apr '184
May '182
Jun '182
Jul '182
Aug '181
Sep '180
Oct '180
Nov '183
Dec '180
Jan '193
Feb '191
Mar '191
Apr '190
May '191
Jun '192
Jul '192
Aug '192
Sep '192
Oct '190
Nov '190
Dec '192
Jan '203
Feb '201
Mar '203
Apr '200
May '203
Jun '203
Jul '204
Aug '200
Sep '201
Oct '202
Nov '202
Dec '203
Jan '215
Feb '213
Mar '214
Apr '214
May '212
Jun '215
Jul '213
Aug '212
Sep '211
Oct '212
Nov '210
Dec '211
Jan '220
Feb '222
Mar '220
Apr '223
May '220
Jun '221
Jul '222
Aug '222
Sep '221
Oct '221
Nov '222
Dec '220
Jan '231
Feb '230
Mar '230
Apr '232
May '232
Jun '233
Jul '231
Aug '230
Sep '232
Oct '230
Nov '230
Dec '231
Jan '240
Feb '244
Mar '241
Apr '241
May '242
Jun '242
Jul '240
Aug '240
Sep '243
Oct '241
Nov '240
Dec '241
Jan '252
Feb '252
Mar '250
Apr '251
May '252
Jun '252
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '262
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Deerfield Management: Health & Life Sciences is the largest displayed sector by deal count (197 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.

Deerfield Management: Health & Life Sciences is the largest displayed sector by deal count (197 deals). All available history
SectorDeals
Health & Life Sciences197
Manufacturing11
Enterprise Software8
Space & Frontier Tech8
Professional Services7
Data, Analytics & IT6
Hardware & Robotics5
AI & Machine Learning5
Consumer & Lifestyle4
Clean Energy & Sustainability3
Marketing & Advertising3
Education & Workforce2
Travel & Hospitality1
Transportation & Logistics1
Networks, Cloud & Communication1
Food & Agriculture1
Developer Tools1

Deal Size Distribution

Deerfield Management: 206 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.

Deerfield Management: 206 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M3
$10M-$25M29
$25M-$50M56
$50M-$100M65
$100M-$250M48
$250M-$500M3
$500M-$1B0
$1B+0

Deals By Geography

Deerfield Management: United States has the largest recorded deal count among the displayed regions (185 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Deerfield Management: United States has the largest recorded deal count among the displayed regions (185 deals). All available history
RegionDeals
United States185
Europe10
Israel4
Canada3
Taiwan2
India1
Pakistan1
Deerfield Management: 20 co-investors are shown, with RA Capital Management sharing 29 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

Deerfield Management: Led accounts for 48% and participating for 52% of round participation.All available history.
Deerfield Management: Led accounts for 48% and participating for 52% of round participation. All available history
CategoryDeals (count)Share (%)
Led9948%
Participating10752%
Deerfield Management: Single-lead accounts for 63% and co-led for 37% of lead dynamics.All available history.
Deerfield Management: Single-lead accounts for 63% and co-led for 37% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead6263%
Co-led3737%

Team

Brian Chow

Principal

David Greenwald

Vice President, Business Development

Frank Nestle

Partner and Chief Executive Officer

James Flynn

Managing Partner & Founder