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The Venture Codex

Overview

Accelerator for biology startups solving global challenges.

Founded

2014

Deals ยท 12mo

3

Stage focus

Seed
Series A

Geographic focus

Argentina
Chile
Israel
Switzerland
...

Sector focus

Biotechnology
Finance
Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
Bioeutectics
Sep 2026Led
$5 MOther Equity
FluoSphera
Jan 2026Participated
$1 MSeed
iOrganBio
Oct 2025Participated
$2 MOther Equity
SpiralWave
Oct 2024Led
$1 MOther Equity
Puna Bio
Sep 2022Participated
$4 MSeed
UPSIDE Foods
Apr 2022Participated
$400 MSeries C
Prellis Biologics
Dec 2021Participated
$15 MSeries B
Diptera
Jun 2021Participated
$3 MSeed
BioAesthetics
Jan 2021Participated
$5 MSeries A
Prellis Biologics
Jul 2019Participated
$9 MSeries A
New Culture
May 2019Led
$0.20 MSeed
NotCo
Mar 2019Participated
$30 MOther Equity
Bioeutectics
Sep 2026Led
$5 MOther Equity
FluoSphera
Jan 2026Participated
$1 MSeed
iOrganBio
Oct 2025Participated
$2 MOther Equity
SpiralWave
Oct 2024Led
$1 MOther Equity
Puna Bio
Sep 2022Participated
$4 MSeed
UPSIDE Foods
Apr 2022Participated
$400 MSeries C
Prellis Biologics
Dec 2021Participated
$15 MSeries B
Diptera
Jun 2021Participated
$3 MSeed
BioAesthetics
Jan 2021Participated
$5 MSeries A
Prellis Biologics
Jul 2019Participated
$9 MSeries A
New Culture
May 2019Led
$0.20 MSeed
NotCo
Mar 2019Participated
$30 MOther Equity
12
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

IndieBio: 12 funding rounds are recorded in the selected participation categories.All available history.
IndieBio: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed13
Series A02
Series B01
Series C+01
Other Equity22

Monthly Deal Activity

IndieBio: 12 deals are recorded across 92 months.All available history.
IndieBio: 12 deals are recorded across 92 months. All available history
MonthDeals
Mar '191
Apr '190
May '191
Jun '190
Jul '191
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 '211
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '221
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 '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

IndieBio: Health & Life Sciences is the largest displayed sector by deal count (8 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.

IndieBio: Health & Life Sciences is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Health & Life Sciences8
Food & Agriculture4
Clean Energy & Sustainability3
Manufacturing2
AI & Machine Learning1
Consumer & Lifestyle1

Deal Size Distribution

IndieBio: 12 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.

IndieBio: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M3
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

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

Top 5 of 5 regions; European countries are grouped as Europe.

IndieBio: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Argentina2
Europe1
Chile1
Israel1
IndieBio: 20 co-investors are shown, with Khosla Ventures sharing 2 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

IndieBio: Led accounts for 25% and participating for 75% of round participation.All available history.
IndieBio: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led325%
Participating975%
IndieBio: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
IndieBio: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Arvind Gupta

Founder & Managing Director

Maya Lockwood

Communications Director

Mohan Iyer

Partner

Pae Wu

Chief Technical Officer

Stephen Chambers

Managing Director