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The Venture Codex

Fund+

Groot Begijnhof 60, Leuven, Vlaams-Brabant, 3000, Belgium

Overview

Venture capital firm investing in life sciences and medical sectors.

Founded

2015

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Belgium
France
Germany
Spain
...

Sector focus

—

Investment portfolio

34rounds
NAMEDATESIZE
Novadip Biosciences
Sep 2026Participated
$12 MOther Equity
Ona Therapeutics
Jun 2026Participated
$87 MSeries B
TargED Biopharmaceuticals
Dec 2025Participated
$25 MSeries A
Tubulis
Oct 2025Participated
$357 MSeries C
Coave Therapeutics
Jan 2025Participated
$37 MSeries A
Confo Therapeutics
Jul 2024Participated
$65 MSeries B
Tubulis
Mar 2024Participated
$140 MSeries B
Novadip Biosciences
Nov 2022Participated
$24 MSeries B
Etherna
Aug 2022Participated
$39 MSeries B
AstriVax
Aug 2022Led
$30 MSeed
Minoryx Therapeutics
May 2022Participated
$55 MSeries C
Tubulis
May 2022Participated
$63 MSeries B
Novadip Biosciences
Sep 2026Participated
$12 MOther Equity
Ona Therapeutics
Jun 2026Participated
$87 MSeries B
TargED Biopharmaceuticals
Dec 2025Participated
$25 MSeries A
Tubulis
Oct 2025Participated
$357 MSeries C
Coave Therapeutics
Jan 2025Participated
$37 MSeries A
Confo Therapeutics
Jul 2024Participated
$65 MSeries B
Tubulis
Mar 2024Participated
$140 MSeries B
Novadip Biosciences
Nov 2022Participated
$24 MSeries B
Etherna
Aug 2022Participated
$39 MSeries B
AstriVax
Aug 2022Led
$30 MSeed
Minoryx Therapeutics
May 2022Participated
$55 MSeries C
Tubulis
May 2022Participated
$63 MSeries B
34
Items
...
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Insights

Time horizon

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Deal Distribution

Fund+: 34 funding rounds are recorded in the selected participation categories.All available history.
Fund+: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A28
Series B313
Series C+03
Other Equity22

Monthly Deal Activity

Fund+: 34 deals are recorded across 134 months.All available history.
Fund+: 34 deals are recorded across 134 months. All available history
MonthDeals
Sep '151
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '192
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '203
Jul '202
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '211
Aug '211
Sep '210
Oct '212
Nov '210
Dec '211
Jan '220
Feb '221
Mar '220
Apr '220
May '222
Jun '220
Jul '220
Aug '222
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Fund+: Health & Life Sciences is the largest displayed sector by deal count (31 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.

Fund+: Health & Life Sciences is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Health & Life Sciences31
Networks, Cloud & Communication2
Crypto & Blockchain2
Media & Entertainment2
Space & Frontier Tech2
Hardware & Robotics1
Manufacturing1
E-Commerce & Retail1
Cybersecurity & Privacy1

Deal Size Distribution

Fund+: 34 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.

Fund+: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M6
$25M-$50M17
$50M-$100M8
$100M-$250M2
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Fund+: Europe has the largest recorded deal count among the displayed regions (30 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Fund+: Europe has the largest recorded deal count among the displayed regions (30 deals). All available history
RegionDeals
Europe30
United States4
Fund+: 20 co-investors are shown, with SRIW sharing 10 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.

Fund+: 20 co-investors are shown, with SRIW sharing 10 recorded deals. All available history
Co-investorShared deals
SRIW10
EQT Life Sciences (LSP)9
VIVES Louvain Technology Fund7
PMV6
V-Bio Ventures6
Andera Partners5
BNP Paribas Fortis Private Equity4
Bpifrance4
High-Tech Grunderfonds4
New Science Ventures4
Omega Funds4
SFPI4
SFPI-FPIM4
VIB4
Ysios Capital4
Ackermans & van Haaren3
Bayern Kapital3
BioGeneration Ventures3
BioMedPartners3
Boehringer Ingelheim3

Investment Strategy

Fund+: Led accounts for 24% and participating for 76% of round participation.All available history.
Fund+: Led accounts for 24% and participating for 76% of round participation. All available history
CategoryDeals (count)Share (%)
Led824%
Participating2676%
Fund+: Single-lead accounts for 63% and co-led for 38% of lead dynamics.All available history.
Fund+: Single-lead accounts for 63% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead563%
Co-led338%

Team

Desire Collen

Founder & Chairman

Philippe Monteyne

Partner