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The Venture Codex

Overview

Private investment firm focused on healthcare investments.

Founded

2010

Deals ยท 12mo

1

Stage focus

Series A
Series B

Geographic focus

United Kingdom
United States

Sector focus

Finance
Financial Services
Health Care
Venture Capital

Investment portfolio

16rounds
NAMEDATESIZE
Verrica Pharmaceuticals
Nov 2025Led
$50 MOther Equity
Blue Earth Therapeutics
Oct 2024Participated
$77 MSeries A
SalioGen Therapeutics
Jan 2022Participated
$115 MSeries B
LEXEO Therapeutics
Sep 2021Participated
$100 MSeries B
Xalud Therapeutics
Aug 2021Led
$30 MSeries C
SalioGen Therapeutics
Mar 2021Led
$20 MSeries A
PatientsLikeMe
Feb 2021Led
$26 MOther Equity
LEXEO Therapeutics
Jan 2021Participated
$85 MSeries A
Taysha Gene Therapies
Aug 2020Participated
$95 MSeries B
Taysha Gene Therapies
Apr 2020Led
$30 MSeed
ArcherDX
Dec 2019Participated
$55 MSeries C
Landos Biopharma
Aug 2019Participated
$60 MSeries B
Verrica Pharmaceuticals
Nov 2025Led
$50 MOther Equity
Blue Earth Therapeutics
Oct 2024Participated
$77 MSeries A
SalioGen Therapeutics
Jan 2022Participated
$115 MSeries B
LEXEO Therapeutics
Sep 2021Participated
$100 MSeries B
Xalud Therapeutics
Aug 2021Led
$30 MSeries C
SalioGen Therapeutics
Mar 2021Led
$20 MSeries A
PatientsLikeMe
Feb 2021Led
$26 MOther Equity
LEXEO Therapeutics
Jan 2021Participated
$85 MSeries A
Taysha Gene Therapies
Aug 2020Participated
$95 MSeries B
Taysha Gene Therapies
Apr 2020Led
$30 MSeed
ArcherDX
Dec 2019Participated
$55 MSeries C
Landos Biopharma
Aug 2019Participated
$60 MSeries B
16
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Insights

Time horizon

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Deal Distribution

PBM Capital: 16 funding rounds are recorded in the selected participation categories.All available history.
PBM Capital: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A22
Series B16
Series C+11
Other Equity20

Monthly Deal Activity

PBM Capital: 16 deals are recorded across 104 months.All available history.
PBM Capital: 16 deals are recorded across 104 months. All available history
MonthDeals
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '191
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '211
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
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 '241
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 '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

PBM Capital: Health & Life Sciences is the largest displayed sector by deal count (16 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.

PBM Capital: Health & Life Sciences is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Health & Life Sciences16
Data, Analytics & IT1
Space & Frontier Tech1

Deal Size Distribution

PBM 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.

PBM Capital: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M2
$25M-$50M5
$50M-$100M7
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

PBM Capital: United States has the largest recorded deal count among the displayed regions (15 deals).All available history.

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

PBM Capital: United States has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
United States15
Europe1
PBM Capital: 20 co-investors are shown, with Perceptive Advisors sharing 4 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

PBM Capital: Led accounts for 44% and participating for 56% of round participation.All available history.
PBM Capital: Led accounts for 44% and participating for 56% of round participation. All available history
CategoryDeals (count)Share (%)
Led744%
Participating956%
PBM Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
PBM Capital: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Jayson Rieger

SVP Business Development & Portfolio Management

Paul Manning

President,Chairman & Chief Executive Officer

Sean Stalfort

President