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The Venture Codex

Venture Lab

115 South 40th Street, Philadelphia, PA, 19104, United States

Overview

Venture Lab is Penn's entrepreneurship hub for a variety of programs, including Venture Initiation Program (VIP) and the Startup Challenge, a grant competition for Penn student-founded new ventures.

Total investments
3
Lead investments
0
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • Fastest.Health

    Participated · Seed · Oct 2025

    Fastest.Health operates a quick service diagnostics (QSD) platform that partners with NABL-accredited labs to provide rapid, on-demand medical testing. Customers can schedule doorstep sample collection that arrives within 15 minutes, and the company delivers certified reports for most routine tests in as little as 90 minutes. Founded in January 2025 by Jayesh Kamat, Sandeep Krishna, Mazhar Faruqi, Dr. Santosh Wakchaure, and Mohit Lala, the startup currently serves Navi Mumbai and suburban Mumbai. Management plans to expand into additional Indian markets and introduce 24×7 diagnostic availability to increase accessibility. Competitive peers include Tata 1mg Labs, Redcliffe Labs, and Healthians. Financially, the company has secured a pre-seed infusion of INR 1.2 crore to accelerate marketing, bolster sales, enhance its technology stack, and hire key personnel, signaling an early-stage growth phase backed by venture capital support.

  • Eternz

    Participated · Seed · May 2024

    Eternz operates an innovative jewellery marketplace that connects consumers with a wide array of global brands, including newly onboarded labels such as GUESS, Versace, and Ted Baker through a partnership with Timex Group India. The platform targets India’s USD 94 billion jewellery market and has reported achieving 10× growth since its inception. Led by founder and CEO Arthi Ramalingam, Eternz is doubling down on supporting women entrepreneurs and adding lab-grown diamond brands to its catalogue. The company intends to deploy new capital to strengthen its leadership team, enhance technology infrastructure, and drive expansion across key markets. Its strategy emphasizes brand collaborations to consolidate market position and fuel continued scale. While specific revenue or user figures were not disclosed, the stated growth metric underscores accelerating traction within its segment.

  • Terra Drone

    Participated · Series B · Mar 2022

    Terra Drone Corporation is a Tokyo, Japan–based drone and Urban Air Mobility (UAM) technology provider and industrial drone solutions firm led by CEO Hiroki Shiotsuka. The company provides drone and UAM solutions in 10 countries. It raised $14M in funding in a round led by Wa'ed Ventures, the venture capital arm of Aramco. Terra Drone intends to use the funds to set up a new subsidiary, Terra Drone Arabia, in the Kingdom of Saudi Arabia in line with the Saudi government’s Vision 2030. With the establishment of Terra Drone Arabia the company will provide oil-and-gas inspection services and further its global expansion. Terra Drone, founded in 2016 in Japan, develops drone software, hardware and uncrewed aircraft system traffic management (UTM) solutions, alongside inspection services and survey-grade hardware such as Terra LiDAR and Terra LiDAR Cloud. The company provides specialized ultrasonic thickness (UT) and non-destructive testing (NDT) services through its subsidiary Terra Inspectioneering. It serves roughly 500 customers, including major oil & gas firms (Shell, Chevron, BP, ExxonMobil, ConocoPhillips, Vopak, Inpex), chemical companies like BASF, utilities such as Kansai Electric Power, and commercial clients like Bunge. Terra Drone has about 60 employees at the parent level and its subsidiaries employ roughly 500 people globally. The firm has pursued M&A and investments—acquiring Netherlands-based Terra Inspectioneering in 2018 and investing in Belgium’s Unifly in 2016—and works with Japanese partners including TEPCO, Japan Airlines, KDDI and JAXA. Terra Drone plans to expand into Europe, the U.S. and Southeast Asia, scale recurring revenue through hardware and software sales, strengthen UAM services, and advance autonomous beyond-visual-line-of-sight technology.

Team

No current team members are available.