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The Venture Codex

Marshall Wace

George House, 131 Sloane Street, London, SW1X 9AT, United Kingdom

Overview

Hedge fund manager specializing in global long/short equity investments.

Founded

1997

Deals · 12mo

6

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

United States

Sector focus

Asset Management
Finance
Financial Services
Hedge Funds

Investment portfolio

49rounds
NAMEDATESIZE
Draig Therapeutics
Jul 2026Participated
$65 MSeries B
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Parabilis Medicines
Jan 2026Participated
$305 MSeries F
Ripple
Nov 2025Participated
$500 MOther Equity
Veradermics
Oct 2025Participated
$150 MSeries C
Attovia Therapeutics
Apr 2025Participated
$90 MSeries C
Aviceda Therapeutics
Jan 2025Participated
$208 MSeries C
Beta Bionics
Nov 2024Participated
$60 MSeries E
Inquis Medical
Nov 2024Led
$40 MSeries B
Evommune
Oct 2024Participated
$115 MSeries C
21Shares
Oct 2024Led
$25 MOther Equity
Draig Therapeutics
Jul 2026Participated
$65 MSeries B
Ray Therapeutics
Apr 2026Participated
$125 MSeries B
Third Arc Bio
Feb 2026Participated
$52 MSeries A
Parabilis Medicines
Jan 2026Participated
$305 MSeries F
Ripple
Nov 2025Participated
$500 MOther Equity
Veradermics
Oct 2025Participated
$150 MSeries C
Attovia Therapeutics
Apr 2025Participated
$90 MSeries C
Aviceda Therapeutics
Jan 2025Participated
$208 MSeries C
Beta Bionics
Nov 2024Participated
$60 MSeries E
Inquis Medical
Nov 2024Led
$40 MSeries B
Evommune
Oct 2024Participated
$115 MSeries C
21Shares
Oct 2024Led
$25 MOther Equity
49
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Marshall Wace: 49 funding rounds are recorded in the selected participation categories.All available history.
Marshall Wace: 49 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A04
Series B310
Series C+319
Other Equity36

Monthly Deal Activity

Marshall Wace: 49 deals are recorded across 68 months.All available history.
Marshall Wace: 49 deals are recorded across 68 months. All available history
MonthDeals
Mar '211
Apr '212
May '211
Jun '210
Jul '211
Aug '211
Sep '213
Oct '211
Nov '212
Dec '212
Jan '222
Feb '222
Mar '221
Apr '222
May '220
Jun '221
Jul '220
Aug '220
Sep '223
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '232
Oct '230
Nov '230
Dec '231
Jan '241
Feb '241
Mar '241
Apr '240
May '242
Jun '240
Jul '241
Aug '241
Sep '240
Oct '242
Nov '242
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '251
Dec '250
Jan '261
Feb '261
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Marshall Wace: Health & Life Sciences is the largest displayed sector by deal count (36 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.

Marshall Wace: Health & Life Sciences is the largest displayed sector by deal count (36 deals). All available history
SectorDeals
Health & Life Sciences36
Fintech14
Crypto & Blockchain9
Professional Services4
Space & Frontier Tech4
Data, Analytics & IT3
Consumer & Lifestyle2
Networks, Cloud & Communication2
Hardware & Robotics2
AI & Machine Learning2
Enterprise Software1
Manufacturing1
E-Commerce & Retail1

Deal Size Distribution

Marshall Wace: 49 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.

Marshall Wace: 49 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M2
$25M-$50M6
$50M-$100M10
$100M-$250M22
$250M-$500M7
$500M-$1B2
$1B+0

Deals By Geography

Marshall Wace: United States has the largest recorded deal count among the displayed regions (42 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Marshall Wace: United States has the largest recorded deal count among the displayed regions (42 deals). All available history
RegionDeals
United States42
Europe4
India2
Singapore1
Marshall Wace: 20 co-investors are shown, with Janus Henderson Investors sharing 8 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.

Marshall Wace: 20 co-investors are shown, with Janus Henderson Investors sharing 8 recorded deals. All available history
Co-investorShared deals
Janus Henderson Investors8
RA Capital Management8
Logos Capital7
venBio Partners7
Farallon Capital Management6
Invus6
RTW Investments6
Soleus Capital6
Cormorant Asset Management5
Omega Funds5
OrbiMed5
Perceptive Advisors5
Surveyor Capital5
abrdn4
BlackRock4
Catalio Capital Management4
Fidelity Management & Research Company4
Frazier Life Sciences4
Novo Holdings4
Samsara BioCapital4

Investment Strategy

Marshall Wace: Led accounts for 18% and participating for 82% of round participation.All available history.
Marshall Wace: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led918%
Participating4082%
Marshall Wace: Single-lead accounts for 56% and co-led for 44% of lead dynamics.All available history.
Marshall Wace: Single-lead accounts for 56% and co-led for 44% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead556%
Co-led444%

Team

Amit Rajpal

CEO & Portfolio Manager

Andrew Goldberg

Managing Director

Ian Wace

Co-Founder

Paul Marshall

Co-Founder

Steven Binetter

Portfolio Manager