The Venture Codex

Participated · Equity · Mar 2026

MedinCell, headquartered in Jacou near Montpellier, specializes in proprietary long-acting injectable drug formulations designed to improve patient adherence across several therapeutic areas. Its portfolio already includes a schizophrenia treatment that Teva commercializes in the United States. The company employs roughly 140 people and generated €27.7 million in revenue in fiscal-year 2024. With the new capital, MedinCell plans to accelerate value-adding partnerships to launch additional programs and to upgrade its technology platform with next-generation injection technologies. Management intends to leverage these innovations to broaden the pipeline and reinforce the firm’s leadership in sustained-release injectables. The strategy focuses on both internal R&D and external collaborations to expand clinical and commercial reach.

Participated · Series A · Dec 2022

Founded in 2017 and based in San Francisco, BetterManager provides an evidence-based virtual leadership development platform combining 1:1 executive coaching, group coaching and training, practical e-learning tools, and actionable assessments. The company supports the growth and development of people leaders—from new managers to senior executives—at over 200 organizations worldwide. Its core product blends virtual coaching, group skills training, assessments, and e-learning to prepare managers to lead. BetterManager is led by CEO Stéphane Panier and president and COO John Topping. The company plans to use new capital to accelerate efforts to scale its platform. Recent financing activity has strengthened its financial position for growth initiatives.

Participated · Series D · Apr 2022

Moneybox is a UK savings and investment app that offers mobile-based saving and investing services. Founded in 2015, it reports more than one million customers and a 35,000-strong shareholder community that includes crowdfund, retail and employee investors. The company made a pre-tax profit of £27m in the year ending May 2024, reversing a £4.1m loss the prior year, while revenues rose from £29m to £77m in the period. Its value has nearly doubled to about £550m following a £70m investment from Apis Global Growth Fund III and Amundi. Moneybox is facilitating a secondary share sale to enable existing investors and its shareholder community to realise some of their holdings. Leadership changes accompanying this stage include chairwoman Laurel Powers-Freeling stepping down and co-founder Ben Stanway taking on the chair role. Moneybox is a London-based digital wealth manager that provides saving, investing, home-buying, and retirement products through a single consumer app. The platform is supported by technology and customer support and aims to simplify long-term wealth generation for retail customers. The company plans to grow its customer base, introduce financial planning services, and launch an enhanced investing proposition focused on long-term wealth generation. Moneybox was launched in 2016 and serves a community of more than 800k customers, with over £2.9bn in assets under administration. It has a team of around 300 employees and recent senior appointments include Laurel Powers‑Freeling as Chair of the Board, Karen Kerrigan, Cecilia Mourain, and Caroline Murphree (joining next month). Following the new funding, Moneybox intends to deploy capital toward product expansion and customer acquisition. Moneybox is a London-based saving and investing app founded in 2015 by Charlie Mortimer and Ben Stanway. It offers a range of savings and investment products, including Lifetime ISAs and pensions. The company reported a community of more than 450,000 customers, a team of 120 people and £1bn in assets under administration. It has raised £51.3m in total funding to date. Moneybox intends to use the new funds to build on its product offering, invest in new technology and scale the team. Moneybox provides an app that allows people to save as they spend and invest spare change from £1 into three tracker funds featuring companies such as Netflix, Unilever and Disney. The app has been used by more than 100,000 people to date. Moneybox is authorized and regulated by the Financial Conduct Authority. The company intends to use new funding to build out its team and develop new products and content. As of this round the startup has raised a total of £21.3m. Founded in 2015 and based in London, UK, Moneybox focuses on simplifying small-scale investing for retail users. Moneybox is a savings and investment app that lets users round up everyday card transactions and invest the spare change into three tracker funds within a Stocks & Shares ISA. Led by Ben Stanway, the company plans a private beta in the next few weeks for the thousands of users who have signed up, with a full public launch expected in August. The company was authorized by the FCA in May after participating in the Innovation Hub. Moneybox raised $1.75M in the recent funding round, bringing total pre-launch funding to $4.75M. The funding will be used to accelerate product development and scale the customer base. Daniel Godfrey joined the board as part of the round.

Participated · Equity · Nov 2015

Atom is a mobile, app-based bank that offers mortgages and savings via its app and provides secured business lending for small and medium-sized enterprises. The company offers customer support by phone, chat, email and social channels. Launched in 2016 and based in Durham, Atom recently reported its first full year of operating profit. FY23 results showed 62% revenue growth, customer numbers doubling to 224,000, and savings deposits rising to £6.6bn. The company says its current quarterly run-rate is generating +£100m of annualised net interest income and +£25m of operating profit. Since launch Atom has lent more than £4bn to UK homeowners and over £1bn to small businesses. Atom bank operates an app-based bank that offers mortgages and savings products through its mobile app, alongside secured business lending for small and medium-sized enterprises. The bank provides customer support via phone, chat, email and social channels. Launched in April 2016 and led by CEO Mark Mullen, Atom has grown to a team of over 470 people. The company is based in Durham and in 2022 signed a five-year Memorandum of Understanding with Durham University to progress research and diversity initiatives. Financially, Atom has been actively fundraising, having raised more than £100m over the last 12 months and using new proceeds to fund ongoing growth and development of the bank. Atom is a digital, app-based bank that launched operations in April 2016 and offers Fixed Saver accounts, an Instant Saver, secured business lending for SMEs and an automated mobile mortgage proposition. The company has a team of over 400 people and has continued to grow revenues while tightly controlling costs. Atom delivered its first monthly operating profit during Q2 and is pursuing a drive to IPO. Over the past 12 months the lender has raised more than £115m. The bank continues to expand its retail and SME products via its mobile-first platform. Atom Bank is a UK digital challenger bank launched in April 2016. It has loaned £2.8 billion to UK mortgage customers since launch and plans to grow lending to SMEs on its balance sheet to over £700 million by the end of March 2021. The bank is raising £40 million (about €46.4 million) from existing investors to support that growth. Existing investors named include BBVA, Toscafund, and Woodford Patient Capital Trust; Atom has raised about £450 million to date. CEO Mark Mullen said the capital raise will allow the company to continue to progress towards profitability and to improve efficiency and engagement. The firm is planning a public listing as early as next year and is targeting the 2022/23 financial year for an IPO. Atom Bank is a UK challenger bank focused on mobile-first savings accounts, residential mortgages and small-business lending, targeting mainly millennial customers. It has been migrating its core banking technology to Thought Machine’s Vault platform to move operations to the cloud and reduce running costs. The bank plans to expand its product range (including Instant Access savings in the autumn) and is hiring, with 50 new North East roles planned. Operational metrics show total lending up 76% year-over-year to £2.4 billion, with deposits of £1.8 billion (up from £1.4 billion). Atom reports weekly applications of up to £20 million for business loans and £10 million for residential mortgages. The company was co-founded by Anthony Thomson and positions itself to compete with other UK challenger banks.