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The Venture Codex

Overview

Healthcare investment firm focused on oncology and therapeutic technologies

Founded

1996

Deals ยท 12mo

3

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Biotechnology
Health Care
Life Science
Oncology
...

Investment portfolio

119rounds
NAMEDATESIZE
K2 Therapeutics
Aug 2026Led
$50 MSeed
Crossbow Therapeutics
Mar 2026Participated
$77 MSeries B
Protego Biopharma
Dec 2025Participated
$130 MSeries B
Umoja Biopharma
Jan 2025Participated
$100 MSeries C
ฤshibio
Jun 2024Led
$40 MSeed
Reunion Neuroscience
May 2024Led
$103 MSeries A
Frontier Medicines
Feb 2024Participated
$80 MSeries C
Firefly Bio
Feb 2024Led
$94 MSeries A
NextPoint Therapeutics
Feb 2024Participated
$43 MSeries B
AstronauTx
Oct 2023Participated
$59 MSeries A
Deka Biosciences
Sep 2023Led
$20 MSeries B
ReCode Therapeutics
Sep 2023Participated
$50 MSeries B
K2 Therapeutics
Aug 2026Led
$50 MSeed
Crossbow Therapeutics
Mar 2026Participated
$77 MSeries B
Protego Biopharma
Dec 2025Participated
$130 MSeries B
Umoja Biopharma
Jan 2025Participated
$100 MSeries C
ฤshibio
Jun 2024Led
$40 MSeed
Reunion Neuroscience
May 2024Led
$103 MSeries A
Frontier Medicines
Feb 2024Participated
$80 MSeries C
Firefly Bio
Feb 2024Led
$94 MSeries A
NextPoint Therapeutics
Feb 2024Participated
$43 MSeries B
AstronauTx
Oct 2023Participated
$59 MSeries A
Deka Biosciences
Sep 2023Led
$20 MSeries B
ReCode Therapeutics
Sep 2023Participated
$50 MSeries B
119
Items
...
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Insights

Time horizon

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Deal Distribution

MPM Capital: 119 funding rounds are recorded in the selected participation categories.All available history.
MPM Capital: 119 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A2610
Series B632
Series C+420
Other Equity116
Debt01

Monthly Deal Activity

MPM Capital: 119 deals are recorded across 234 months.All available history.
MPM Capital: 119 deals are recorded across 234 months. All available history
MonthDeals
May '071
Jun '071
Jul '071
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '080
Apr '080
May '080
Jun '080
Jul '081
Aug '080
Sep '081
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '091
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '091
Dec '090
Jan '101
Feb '100
Mar '101
Apr '100
May '101
Jun '100
Jul '102
Aug '102
Sep '102
Oct '100
Nov '102
Dec '100
Jan '112
Feb '110
Mar '110
Apr '111
May '110
Jun '110
Jul '112
Aug '110
Sep '112
Oct '110
Nov '111
Dec '112
Jan '120
Feb '120
Mar '120
Apr '120
May '121
Jun '123
Jul '121
Aug '120
Sep '122
Oct '120
Nov '121
Dec '121
Jan '130
Feb '130
Mar '132
Apr '131
May '130
Jun '130
Jul '130
Aug '131
Sep '131
Oct '131
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '141
Jun '141
Jul '141
Aug '140
Sep '140
Oct '141
Nov '140
Dec '140
Jan '150
Feb '151
Mar '152
Apr '151
May '150
Jun '150
Jul '150
Aug '152
Sep '150
Oct '150
Nov '150
Dec '151
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '162
Jul '160
Aug '161
Sep '160
Oct '160
Nov '161
Dec '161
Jan '170
Feb '171
Mar '170
Apr '170
May '171
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '182
Oct '180
Nov '181
Dec '181
Jan '190
Feb '190
Mar '191
Apr '191
May '192
Jun '191
Jul '190
Aug '191
Sep '192
Oct '190
Nov '192
Dec '191
Jan '201
Feb '200
Mar '202
Apr '201
May '200
Jun '201
Jul '200
Aug '201
Sep '200
Oct '200
Nov '201
Dec '201
Jan '211
Feb '211
Mar '211
Apr '210
May '210
Jun '211
Jul '211
Aug '210
Sep '210
Oct '211
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '232
Jun '230
Jul '231
Aug '230
Sep '233
Oct '231
Nov '230
Dec '230
Jan '240
Feb '243
Mar '240
Apr '240
May '241
Jun '241
Jul '240
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 '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

MPM Capital: Health & Life Sciences is the largest displayed sector by deal count (119 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.

MPM Capital: Health & Life Sciences is the largest displayed sector by deal count (119 deals). All available history
SectorDeals
Health & Life Sciences119
Developer Tools5
Manufacturing3
Consumer & Lifestyle2
Data, Analytics & IT1
Space & Frontier Tech1

Deal Size Distribution

MPM Capital: 119 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.

MPM Capital: 119 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M5
$10M-$25M23
$25M-$50M36
$50M-$100M39
$100M-$250M13
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

MPM Capital: United States has the largest recorded deal count among the displayed regions (114 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

MPM Capital: United States has the largest recorded deal count among the displayed regions (114 deals). All available history
RegionDeals
United States114
Canada3
Europe2
MPM Capital: 20 co-investors are shown, with New Enterprise Associates sharing 13 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

MPM Capital: Led accounts for 33% and participating for 67% of round participation.All available history.
MPM Capital: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led3933%
Participating8067%
MPM Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
MPM Capital: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1333%
Co-led2667%

Team

Ansbert Gadicke

Managing Director and Co-Founder

Bard Geesaman

Managing Director

Briggs Morrison

Managing Director

Dan Hicklin

Managing Director

Elizabeth Stoner

Executive Partner

Luke Evnin

Managing Director and Co-Founder

Matthew Roden

Executive Partner

Shinichiro Fuse

Managing Director