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The Venture Codex

Overview

Management services and investment firm.

Founded

2005

Deals ยท 12mo

4

Stage focus

Series B

Geographic focus

China
Hong Kong
Israel
United Kingdom
...

Sector focus

Impact Investing

Investment portfolio

16rounds
NAMEDATESIZE
Nscale
Sep 2026Participated
$3.4 BOther Equity
Frontier Power USA
Aug 2026Participated
$263 MOther Equity
Quantum Art
Apr 2026Participated
$40 MSeries A
Locus Fermentation Solutions
Dec 2025Led
$20 MOther Equity
Hong Kong Asia Heart Centre
Feb 2022Participated
$400 MSeries D
Kyverna Therapeutics
Jan 2022Participated
$85 MSeries B
Scivita Medical Technology
Aug 2021Participated
$62 MSeries B
Carbon Health
Jul 2021Participated
$350 MOther Equity
CANbridge Pharmaceuticals
Dec 2020Participated
$43 MSeries E
Harbour Biomed
Jul 2020Led
$103 MSeries C
Legend Biotech
Apr 2020Participated
$151 MSeries A
Remegen
Apr 2020Participated
$100 MOther Equity
Nscale
Sep 2026Participated
$3.4 BOther Equity
Frontier Power USA
Aug 2026Participated
$263 MOther Equity
Quantum Art
Apr 2026Participated
$40 MSeries A
Locus Fermentation Solutions
Dec 2025Led
$20 MOther Equity
Hong Kong Asia Heart Centre
Feb 2022Participated
$400 MSeries D
Kyverna Therapeutics
Jan 2022Participated
$85 MSeries B
Scivita Medical Technology
Aug 2021Participated
$62 MSeries B
Carbon Health
Jul 2021Participated
$350 MOther Equity
CANbridge Pharmaceuticals
Dec 2020Participated
$43 MSeries E
Harbour Biomed
Jul 2020Led
$103 MSeries C
Legend Biotech
Apr 2020Participated
$151 MSeries A
Remegen
Apr 2020Participated
$100 MOther Equity
16
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Hudson Bay Capital: 16 funding rounds are recorded in the selected participation categories.All available history.
Hudson Bay Capital: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A02
Series B13
Series C+13
Other Equity15

Monthly Deal Activity

Hudson Bay Capital: 16 deals are recorded across 149 months.All available history.
Hudson Bay Capital: 16 deals are recorded across 149 months. All available history
MonthDeals
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
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 '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
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 '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '202
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
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 '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Hudson Bay Capital: Health & Life Sciences is the largest displayed sector by deal count (10 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.

Hudson Bay Capital: Health & Life Sciences is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Health & Life Sciences10
Manufacturing3
Networks, Cloud & Communication2
Clean Energy & Sustainability2
Space & Frontier Tech2
Consumer & Lifestyle1
Hardware & Robotics1
Enterprise Software1
Media & Entertainment1
E-Commerce & Retail1
AI & Machine Learning1
Food & Agriculture1
Data, Analytics & IT1

Deal Size Distribution

Hudson Bay Capital: 16 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.

Hudson Bay Capital: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M2
$25M-$50M2
$50M-$100M4
$100M-$250M3
$250M-$500M3
$500M-$1B0
$1B+1

Deals By Geography

Hudson Bay Capital: United States has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Hudson Bay Capital: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
China5
Hong Kong1
P.R.China1
Israel1
Europe1
Hudson Bay Capital: 20 co-investors are shown, with Lilly Asia Ventures sharing 3 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

Hudson Bay Capital: Led accounts for 19% and participating for 81% of round participation.All available history.
Hudson Bay Capital: Led accounts for 19% and participating for 81% of round participation. All available history
CategoryDeals (count)Share (%)
Led319%
Participating1381%
Hudson Bay Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Hudson Bay Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Charles Winkler

Managing Partner & Chief Operating Officer

Paul Sargen

Chief Risk Officer

Roy Astrachan

Managing Partner & Portfolio Manager

Sander Gerber

Chief Executive Officer / Chief Investment Officer

Yoav Roth

Managing Partner & Portfolio Manager