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The Venture Codex

Overview

Investing in innovative healthcare ideas and technologies.

Founded

1982

Deals ยท 12mo

1

Stage focus

Series A
Series B
Series C

Geographic focus

United States

Sector focus

Banking
Finance
Venture Capital

Investment portfolio

44rounds
NAMEDATESIZE
Elephas
Nov 2025Participated
$40 MSeries B
Rivermark Medical
Oct 2024Participated
$30 MSeries C
HistoSonics
Aug 2024Participated
$102 MSeries D
EarliTec Diagnostics
Apr 2024Led
$22 MSeries B
ViaLase
Apr 2024Participated
$40 MSeries C
Elephas
Jan 2024Led
$55 MSeries C
Visana Health
Aug 2023Participated
$10 MSeed
HistoSonics
Dec 2022Participated
$100 MOther Equity
Delphinus Medical Technologies
Sep 2022Participated
$30 MSeries D
EnsoData
Jun 2022Participated
$20 MSeries A
Iterion Therapeutics
Feb 2021Participated
$17 MSeries B
EnsoData
Jun 2020Led
$9 MSeries A
Elephas
Nov 2025Participated
$40 MSeries B
Rivermark Medical
Oct 2024Participated
$30 MSeries C
HistoSonics
Aug 2024Participated
$102 MSeries D
EarliTec Diagnostics
Apr 2024Led
$22 MSeries B
ViaLase
Apr 2024Participated
$40 MSeries C
Elephas
Jan 2024Led
$55 MSeries C
Visana Health
Aug 2023Participated
$10 MSeed
HistoSonics
Dec 2022Participated
$100 MOther Equity
Delphinus Medical Technologies
Sep 2022Participated
$30 MSeries D
EnsoData
Jun 2022Participated
$20 MSeries A
Iterion Therapeutics
Feb 2021Participated
$17 MSeries B
EnsoData
Jun 2020Led
$9 MSeries A
44
Items
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Insights

Time horizon

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Deal Distribution

Venture Investors: 44 funding rounds are recorded in the selected participation categories.All available history.
Venture Investors: 44 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Series A86
Series B39
Series C+210
Other Equity04

Monthly Deal Activity

Venture Investors: 44 deals are recorded across 208 months.All available history.
Venture Investors: 44 deals are recorded across 208 months. All available history
MonthDeals
Jul '091
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '101
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '111
Apr '111
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '121
Aug '121
Sep '121
Oct '121
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '131
May '130
Jun '132
Jul '131
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '141
Feb '140
Mar '140
Apr '143
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '151
Apr '150
May '151
Jun '150
Jul '150
Aug '152
Sep '152
Oct '151
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 '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '202
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '242
May '240
Jun '240
Jul '240
Aug '241
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

Venture Investors: Health & Life Sciences is the largest displayed sector by deal count (39 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.

Venture Investors: Health & Life Sciences is the largest displayed sector by deal count (39 deals). All available history
SectorDeals
Health & Life Sciences39
Data, Analytics & IT4
AI & Machine Learning4
Consumer & Lifestyle3
Enterprise Software2
Clean Energy & Sustainability2
Space & Frontier Tech2
Networks, Cloud & Communication2
Hardware & Robotics2
Fintech2
Manufacturing2
Social & Community Platforms2
AR/VR1
Media & Entertainment1
Professional Services1

Deal Size Distribution

Venture Investors: 44 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.

Venture Investors: 44 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M9
$10M-$25M14
$25M-$50M11
$50M-$100M2
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Venture Investors: United States has the largest recorded deal count among the displayed regions (44 deals).All available history.

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

Venture Investors: United States has the largest recorded deal count among the displayed regions (44 deals). All available history
RegionDeals
United States44
Venture Investors: 20 co-investors are shown, with State of Wisconsin Investment Board sharing 12 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

Venture Investors: Led accounts for 30% and participating for 70% of round participation.All available history.
Venture Investors: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led1330%
Participating3170%
Venture Investors: Single-lead accounts for 38% and co-led for 62% of lead dynamics.All available history.
Venture Investors: Single-lead accounts for 38% and co-led for 62% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead538%
Co-led862%

Team

Becky Hoerman

Controller

David Arnstein

Partner and CFO

Jake Simon

Principal Venture Partner

James Adox

Managing Director

John Neis

Partner

Linda Olson

Office Manager

Paul Weiss

Managing Director

Scott Button

Managing Director