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The Venture Codex

RTW Investments

40 10th Avenue Floor 7, New York, NY, 10014, United States

Overview

Invests in innovative healthcare companies across all lifecycle stages.

Founded

2010

Deals ยท 12mo

12

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series B
Series C

Geographic focus

United Kingdom
United States

Sector focus

Business Development
Finance
Financial Services
Health Care
...

Investment portfolio

93rounds
NAMEDATESIZE
Encoded Therapeutics
Sep 2026Participated
$275 MSeries F
Avere Therapeutics
Aug 2026Participated
$500 MOther Equity
Mentari Therapeutics
Jul 2026Participated
$200 MOther Equity
Serapha Bio
Jun 2026Led
$138 MSeries A
Lycia Therapeutics
Jun 2026Participated
$75 MSeries D
Mentari Therapeutics
May 2026Participated
$290 MOther Equity
Windward Bio
May 2026Participated
$165 MOther Equity
Amani Therapeutics
Mar 2026Led
$25 MSeries A
Prolium Bioscience
Mar 2026Led
$50 MSeries A
Jixing Pharmaceuticals
Jan 2026Participated
$287 MSeries D
Century Therapeutics
Jan 2026Participated
$135 MOther Equity
Kailera Therapeutics
Oct 2025Participated
$600 MSeries B
Encoded Therapeutics
Sep 2026Participated
$275 MSeries F
Avere Therapeutics
Aug 2026Participated
$500 MOther Equity
Mentari Therapeutics
Jul 2026Participated
$200 MOther Equity
Serapha Bio
Jun 2026Led
$138 MSeries A
Lycia Therapeutics
Jun 2026Participated
$75 MSeries D
Mentari Therapeutics
May 2026Participated
$290 MOther Equity
Windward Bio
May 2026Participated
$165 MOther Equity
Amani Therapeutics
Mar 2026Led
$25 MSeries A
Prolium Bioscience
Mar 2026Led
$50 MSeries A
Jixing Pharmaceuticals
Jan 2026Participated
$287 MSeries D
Century Therapeutics
Jan 2026Participated
$135 MOther Equity
Kailera Therapeutics
Oct 2025Participated
$600 MSeries B
93
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Insights

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Deal Distribution

RTW Investments: 93 funding rounds are recorded in the selected participation categories.All available history.
RTW Investments: 93 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A56
Series B921
Series C+625
Other Equity615

Monthly Deal Activity

RTW Investments: 93 deals are recorded across 138 months.All available history.
RTW Investments: 93 deals are recorded across 138 months. All available history
MonthDeals
May '151
Jun '150
Jul '151
Aug '150
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '171
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '181
Oct '182
Nov '181
Dec '180
Jan '192
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '193
Aug '191
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '201
Apr '201
May '200
Jun '202
Jul '202
Aug '200
Sep '201
Oct '200
Nov '201
Dec '200
Jan '211
Feb '211
Mar '215
Apr '211
May '212
Jun '211
Jul '212
Aug '211
Sep '213
Oct '211
Nov '210
Dec '210
Jan '221
Feb '223
Mar '220
Apr '221
May '220
Jun '221
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '231
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '230
Nov '230
Dec '230
Jan '241
Feb '244
Mar '241
Apr '242
May '241
Jun '241
Jul '240
Aug '241
Sep '241
Oct '243
Nov '241
Dec '241
Jan '253
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '262
Feb '260
Mar '262
Apr '260
May '262
Jun '262
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

RTW Investments: Health & Life Sciences is the largest displayed sector by deal count (92 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.

RTW Investments: Health & Life Sciences is the largest displayed sector by deal count (92 deals). All available history
SectorDeals
Health & Life Sciences92
Consumer & Lifestyle4
Developer Tools2
Networks, Cloud & Communication1
Marketing & Advertising1
Social & Community Platforms1

Deal Size Distribution

RTW Investments: 93 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.

RTW Investments: 93 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M4
$25M-$50M6
$50M-$100M30
$100M-$250M44
$250M-$500M7
$500M-$1B2
$1B+0

Deals By Geography

RTW Investments: United States has the largest recorded deal count among the displayed regions (76 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

RTW Investments: United States has the largest recorded deal count among the displayed regions (76 deals). All available history
RegionDeals
United States76
Europe12
China3
Canada1
Australia1
RTW Investments: 20 co-investors are shown, with Janus Henderson Investors sharing 28 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.

RTW Investments: 20 co-investors are shown, with Janus Henderson Investors sharing 28 recorded deals. All available history
Co-investorShared deals
Janus Henderson Investors28
RA Capital Management25
Perceptive Advisors22
Venrock21
Cormorant Asset Management20
Logos Capital14
OrbiMed13
Boxer Capital12
Invus12
Farallon Capital Management11
Wellington Management10
Deep Track Capital9
HBM Healthcare Investments9
Surveyor Capital9
Alexandria Venture Investments8
Eventide Asset Management8
Soleus Capital8
T. Rowe Price Associates8
Vivo Capital8
Adage Capital Management7

Investment Strategy

RTW Investments: Led accounts for 28% and participating for 72% of round participation.All available history.
RTW Investments: Led accounts for 28% and participating for 72% of round participation. All available history
CategoryDeals (count)Share (%)
Led2628%
Participating6772%
RTW Investments: Single-lead accounts for 46% and co-led for 54% of lead dynamics.All available history.
RTW Investments: Single-lead accounts for 46% and co-led for 54% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1246%
Co-led1454%

Team

Gaurav Shah

Entrepreneur in Residence

Joseph Romanelli

CEO

Lauren Lee

Research Analyst

Naveen Yalamanchi

Partner

Peter Fong
Piratip Pratumsuwan

Managing Director at RTW Investments, LP

Robert Aurigema

Chief Financial Officer

Roderick Wong
Sabera Loughran

Chief Operating Officer