The Venture Codex Logo

The Venture Codex

White Fund

Rue Lambert-Lombard 3, Liège, 4000, Belgium

Overview

Early-stage private equity fund focused on medical devices.

Founded

2019

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series A

Geographic focus

Belgium

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
neuroClues
Apr 2026Led
$12 MSeries A
Minze Health
Oct 2024Led
$5 MOther Equity
Clouds of care
Sep 2024Participated
$6 MOther Equity
FlexGRIP
Jul 2024Led
$11 MOther Equity
neuroClues
Apr 2024Led
$5 MSeries A
Minze Health
Dec 2022Led
$4 MOther Equity
Intressa Vascular
Oct 2022Participated
$12 MOther Equity
Axithra
Dec 2021Participated
$11 MSeed
moveUP
Jun 2021Led
$4 MOther Equity
Endo Tools Therapeutics
Jan 2021Led
$10 MSeries D
Antelope Dx
Sep 2020Led
$11 MSeries B
neuroClues
Apr 2026Led
$12 MSeries A
Minze Health
Oct 2024Led
$5 MOther Equity
Clouds of care
Sep 2024Participated
$6 MOther Equity
FlexGRIP
Jul 2024Led
$11 MOther Equity
neuroClues
Apr 2024Led
$5 MSeries A
Minze Health
Dec 2022Led
$4 MOther Equity
Intressa Vascular
Oct 2022Participated
$12 MOther Equity
Axithra
Dec 2021Participated
$11 MSeed
moveUP
Jun 2021Led
$4 MOther Equity
Endo Tools Therapeutics
Jan 2021Led
$10 MSeries D
Antelope Dx
Sep 2020Led
$11 MSeries B
11
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

White Fund: 11 funding rounds are recorded in the selected participation categories.All available history.
White Fund: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A20
Series B10
Series C+10
Other Equity42

Monthly Deal Activity

White Fund: 11 deals are recorded across 74 months.All available history.
White Fund: 11 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '241
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 '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

White Fund: Health & Life Sciences is the largest displayed sector by deal count (11 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.

White Fund: Health & Life Sciences is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Health & Life Sciences11
Enterprise Software2
Space & Frontier Tech2

Deal Size Distribution

White Fund: 11 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.

White Fund: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M4
$10M-$25M5
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

White Fund: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

White Fund: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States2
White Fund: 20 co-investors are shown, with Invest.BW sharing 2 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.

White Fund: 20 co-investors are shown, with Invest.BW sharing 2 recorded deals. All available history
Co-investorShared deals
Invest.BW2
Noshaq2
PMV2
Qbic2
SFPI-FPIM2
Wallonie Entreprendre2
Capricorn Investment Group1
Capricorn Venture Partners1
Carevolution1
Chagral Invest1
CPH Bank1
EIC Fund1
Epim 'e8de1
European Commission1
F3Finance1
Flanders Future Tech Fund1
Hamamatsu Photonics1
Imec.istart Future Fund1
imec.xpand1
Karista1

Investment Strategy

White Fund: Led accounts for 73% and participating for 27% of round participation.All available history.
White Fund: Led accounts for 73% and participating for 27% of round participation. All available history
CategoryDeals (count)Share (%)
Led873%
Participating327%
White Fund: Single-lead accounts for 38% and co-led for 63% of lead dynamics.All available history.
White Fund: Single-lead accounts for 38% and co-led for 63% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead338%
Co-led563%

Team

Philippe Stas

Philippe Stas is a executive committee member at white fund