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The Venture Codex

Overview

Early-stage VC investing in novel pharmaceutical ingredients.

Founded

2007

Deals · 12mo

3

Stage focus

Series A
Series B

Geographic focus

Denmark
Finland
France
Italy
...

Sector focus

Health Care
Life Science
Pharmaceutical

Investment portfolio

15rounds
NAMEDATESIZE
Kynexis
Aug 2026Participated
$46 MSeries A
TargED Biopharmaceuticals
Dec 2025Participated
$25 MSeries A
Step Pharma
Oct 2025Participated
$44 MSeries C
Resalis Therapeutics
Jan 2024Led
$11 MSeries A
Kynexis
Nov 2023Participated
$61 MSeries A
Minervax
Oct 2023Participated
$57 MOther Equity
Teitur Trophics
Mar 2023Led
$30 MSeries A
Minervax
Dec 2022Participated
$77 MDebt
TargED Biopharmaceuticals
Feb 2022Led
$44 MSeries A
Step Pharma
Mar 2021Led
$42 MSeries B
IO Biotech
Jan 2021Participated
$155 MSeries B
Minervax
Dec 2020Participated
$58 MSeries B
Kynexis
Aug 2026Participated
$46 MSeries A
TargED Biopharmaceuticals
Dec 2025Participated
$25 MSeries A
Step Pharma
Oct 2025Participated
$44 MSeries C
Resalis Therapeutics
Jan 2024Led
$11 MSeries A
Kynexis
Nov 2023Participated
$61 MSeries A
Minervax
Oct 2023Participated
$57 MOther Equity
Teitur Trophics
Mar 2023Led
$30 MSeries A
Minervax
Dec 2022Participated
$77 MDebt
TargED Biopharmaceuticals
Feb 2022Led
$44 MSeries A
Step Pharma
Mar 2021Led
$42 MSeries B
IO Biotech
Jan 2021Participated
$155 MSeries B
Minervax
Dec 2020Participated
$58 MSeries B
15
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Insights

Time horizon

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Deal Distribution

Sunstone Life Science Ventures: 15 funding rounds are recorded in the selected participation categories.All available history.
Sunstone Life Science Ventures: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A44
Series B12
Series C+01
Other Equity11
Debt01

Monthly Deal Activity

Sunstone Life Science Ventures: 15 deals are recorded across 88 months.All available history.
Sunstone Life Science Ventures: 15 deals are recorded across 88 months. All available history
MonthDeals
Jul '191
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '201
Jan '211
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '231
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Sunstone Life Science Ventures: Health & Life Sciences is the largest displayed sector by deal count (15 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.

Sunstone Life Science Ventures: Health & Life Sciences is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Health & Life Sciences15
Consumer & Lifestyle1

Deal Size Distribution

Sunstone Life Science Ventures: 15 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.

Sunstone Life Science Ventures: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M3
$25M-$50M6
$50M-$100M4
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sunstone Life Science Ventures: Europe has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Sunstone Life Science Ventures: Europe has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Europe15
Sunstone Life Science Ventures: 20 co-investors are shown, with Hadean Ventures 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

Sunstone Life Science Ventures: Led accounts for 40% and participating for 60% of round participation.All available history.
Sunstone Life Science Ventures: Led accounts for 40% and participating for 60% of round participation. All available history
CategoryDeals (count)Share (%)
Led640%
Participating960%
Sunstone Life Science Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Sunstone Life Science Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead233%
Co-led467%

Team

Claus A. Andersson

General Partner

Jacob Lange Moresco

Investment Director

Line Jacobsen

Management Assistant

Merete Lundbye Møller

Partner, General Counsel

Peter Benson

Chairman and Managing Partner

Søren Lemonius

Co-Founder & Managing General Partner

Soren Tange

Finance Director

Sten Verland

Co-Founder & General Partner