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The Venture Codex

Overview

Venture capital fund investing in innovative life sciences companies.

Founded

2017

Deals ยท 12mo

2

Stage focus

Series B
Series C

Geographic focus

Iceland
Switzerland
United States

Sector focus

Biotechnology
Venture Capital

Investment portfolio

37rounds
NAMEDATESIZE
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
Windward Bio
May 2026Participated
$165 MOther Equity
Mosanna Therapeutics
Jun 2025Led
$80 MSeries A
Windward Bio
Jan 2025Participated
$200 MSeries A
Evommune
Oct 2024Participated
$115 MSeries C
Zenas BioPharma
May 2024Participated
$200 MSeries C
BioAge Labs
Feb 2024Participated
$170 MSeries D
BioAge
Feb 2024Participated
$170 MSeries D
Avalyn Pharma
Sep 2023Participated
$175 MSeries C
Evommune
Apr 2023Participated
$50 MSeries B
Zenas BioPharma
Nov 2022Participated
$118 MSeries B
Plexium
Feb 2022Participated
$102 MOther Equity
Crystalys Therapeutics
Jul 2026Participated
$130 MSeries B
Windward Bio
May 2026Participated
$165 MOther Equity
Mosanna Therapeutics
Jun 2025Led
$80 MSeries A
Windward Bio
Jan 2025Participated
$200 MSeries A
Evommune
Oct 2024Participated
$115 MSeries C
Zenas BioPharma
May 2024Participated
$200 MSeries C
BioAge Labs
Feb 2024Participated
$170 MSeries D
BioAge
Feb 2024Participated
$170 MSeries D
Avalyn Pharma
Sep 2023Participated
$175 MSeries C
Evommune
Apr 2023Participated
$50 MSeries B
Zenas BioPharma
Nov 2022Participated
$118 MSeries B
Plexium
Feb 2022Participated
$102 MOther Equity
37
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Insights

Time horizon

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Deal Distribution

Pivotal bioVenture Partners: 37 funding rounds are recorded in the selected participation categories.All available history.
Pivotal bioVenture Partners: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A31
Series B613
Series C+110
Other Equity02

Monthly Deal Activity

Pivotal bioVenture Partners: 37 deals are recorded across 116 months.All available history.
Pivotal bioVenture Partners: 37 deals are recorded across 116 months. All available history
MonthDeals
Mar '171
Apr '170
May '172
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '195
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '202
Apr '200
May '201
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '211
Feb '210
Mar '210
Apr '211
May '211
Jun '210
Jul '210
Aug '211
Sep '211
Oct '210
Nov '211
Dec '210
Jan '220
Feb '222
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '242
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Pivotal bioVenture Partners: Health & Life Sciences is the largest displayed sector by deal count (35 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.

Pivotal bioVenture Partners: Health & Life Sciences is the largest displayed sector by deal count (35 deals). All available history
SectorDeals
Health & Life Sciences35
Marketing & Advertising1
Government & Defense1
Media & Entertainment1
AI & Machine Learning1
Professional Services1
Clean Energy & Sustainability1
Data, Analytics & IT1
Social & Community Platforms1
Consumer & Lifestyle1

Deal Size Distribution

Pivotal bioVenture Partners: 37 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.

Pivotal bioVenture Partners: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M4
$25M-$50M2
$50M-$100M12
$100M-$250M19
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Pivotal bioVenture Partners: United States has the largest recorded deal count among the displayed regions (28 deals).All available history.

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

Pivotal bioVenture Partners: United States has the largest recorded deal count among the displayed regions (28 deals). All available history
RegionDeals
United States28
Europe7
Australia1
Canada1
Pivotal bioVenture Partners: 20 co-investors are shown, with RA Capital Management sharing 10 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

Pivotal bioVenture Partners: Led accounts for 30% and participating for 70% of round participation.All available history.
Pivotal bioVenture Partners: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led1130%
Participating2670%
Pivotal bioVenture Partners: Single-lead accounts for 45% and co-led for 55% of lead dynamics.All available history.
Pivotal bioVenture Partners: Single-lead accounts for 45% and co-led for 55% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead545%
Co-led655%

Team

Ash Khanna

Partner, Board Member HotSpot Tx, Bolt Bio, Fountain Tx and Evommune

Glenn V. Batchelder

Venture Partner

Heather Preston

Managing Partner

Jeni Lee

Partner

Karoly Nikolich

Venture Partner

Rob Hopfner

Managing Director and Partner

Vincent Cheung

Managing Partner