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The Venture Codex

Overview

Venture capital firm investing in biotechnology and medical devices.

Founded

1988

Deals · 12mo

2

Stage focus

Seed

Geographic focus

United States

Sector focus

Biotechnology
Finance

Investment portfolio

73rounds
NAMEDATESIZE
GenFlux
Feb 2026Participated
$4 MSeed
ORO AI
Dec 2025Led
$6 MSeed
375ai
Oct 2025Led
$5 MOther Equity
Sophont
Sep 2025Participated
$9 MSeed
Gunzilla Games
Sep 2024Led
$6 MOther Equity
Chainbound
Aug 2024Participated
$5 MSeed
Fanton
Aug 2024Led
$1 MSeed
Sentient
Jul 2024Participated
$85 MSeed
Pixelverse
Jun 2024Led
$6 MOther Equity
Param Labs Inc
May 2024Participated
$7 MSeed
Inference Labs
Apr 2024Led
$2 MSeed
Arrow Markets
Apr 2024Participated
$4 MSeries A
GenFlux
Feb 2026Participated
$4 MSeed
ORO AI
Dec 2025Led
$6 MSeed
375ai
Oct 2025Led
$5 MOther Equity
Sophont
Sep 2025Participated
$9 MSeed
Gunzilla Games
Sep 2024Led
$6 MOther Equity
Chainbound
Aug 2024Participated
$5 MSeed
Fanton
Aug 2024Led
$1 MSeed
Sentient
Jul 2024Participated
$85 MSeed
Pixelverse
Jun 2024Led
$6 MOther Equity
Param Labs Inc
May 2024Participated
$7 MSeed
Inference Labs
Apr 2024Led
$2 MSeed
Arrow Markets
Apr 2024Participated
$4 MSeries A
73
Items
...
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Insights

Time horizon

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Deal Distribution

Delphi Ventures: 73 funding rounds are recorded in the selected participation categories.All available history.
Delphi Ventures: 73 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed69
Series A05
Series B28
Series C+414
Other Equity817

Monthly Deal Activity

Delphi Ventures: 73 deals are recorded across 234 months.All available history.
Delphi Ventures: 73 deals are recorded across 234 months. All available history
MonthDeals
May '071
Jun '070
Jul '070
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '081
Feb '080
Mar '080
Apr '080
May '081
Jun '080
Jul '081
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '091
Apr '090
May '090
Jun '091
Jul '090
Aug '090
Sep '090
Oct '090
Nov '091
Dec '091
Jan '100
Feb '100
Mar '100
Apr '100
May '102
Jun '100
Jul '103
Aug '101
Sep '101
Oct '100
Nov '100
Dec '100
Jan '110
Feb '111
Mar '111
Apr '111
May '111
Jun '113
Jul '110
Aug '110
Sep '110
Oct '110
Nov '112
Dec '110
Jan '120
Feb '120
Mar '121
Apr '121
May '120
Jun '122
Jul '121
Aug '121
Sep '121
Oct '120
Nov '120
Dec '120
Jan '132
Feb '131
Mar '131
Apr '131
May '132
Jun '130
Jul '130
Aug '130
Sep '130
Oct '131
Nov '131
Dec '130
Jan '141
Feb '140
Mar '140
Apr '142
May '140
Jun '141
Jul '140
Aug '140
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
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 '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '221
Apr '220
May '221
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '242
Mar '241
Apr '242
May '241
Jun '241
Jul '241
Aug '242
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Delphi Ventures: Health & Life Sciences is the largest displayed sector by deal count (49 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.

Delphi Ventures: Health & Life Sciences is the largest displayed sector by deal count (49 deals). All available history
SectorDeals
Health & Life Sciences49
Crypto & Blockchain17
Enterprise Software7
Manufacturing7
AI & Machine Learning5
Fintech4
Hardware & Robotics3
Gaming & eSports3
Cybersecurity & Privacy2
E-Commerce & Retail1
Data, Analytics & IT1
Space & Frontier Tech1
Transportation & Logistics1
Consumer & Lifestyle1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Delphi Ventures: 73 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.

Delphi Ventures: 73 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M13
$10M-$25M18
$25M-$50M23
$50M-$100M9
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Delphi Ventures: United States has the largest recorded deal count among the displayed regions (60 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

Delphi Ventures: United States has the largest recorded deal count among the displayed regions (60 deals). All available history
RegionDeals
United States60
Singapore3
Europe3
Liberia2
904011
Israel1
Cayman Islands1
Canada1
United Arab Emirates1
Delphi Ventures: 20 co-investors are shown, with New Enterprise Associates sharing 11 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

Delphi Ventures: Led accounts for 27% and participating for 73% of round participation.All available history.
Delphi Ventures: Led accounts for 27% and participating for 73% of round participation. All available history
CategoryDeals (count)Share (%)
Led2027%
Participating5373%
Delphi Ventures: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
Delphi Ventures: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead840%
Co-led1260%

Team

David Douglass

General Partner

Deepika R Pakianathan

General Partner

Doug Roeder

General Partner

James Bochnowski

Founder & Managing Member

Matthew T. Potter

CFO| Partner