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MRL Ventures Fund

Corporate VC

Cambridge · Pre-Seed–Series B · 8 people tracked

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Investment thesis

MRLV is a science-first corporate venture fund focused exclusively on therapeutics across all modalities — from small molecules to cell therapies — with the potential to transform standards of care. It backs first- and best-in-class preclinical and early-stage (including seed) programs, evaluating them on underlying biology strength, translational data quality, a clear path to human proof-of-concept, and team and syndicate alignment. The fund does not require product or technology rights as a condition of investment, and explicitly excludes medical devices, diagnostics and digital health. It leads or co-leads with sustained capital up to $25M per company from concept through IND, takes active director/observer roles, and offers follow-on funding and access to MSD's R&D leadership and BD&L connectivity.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Series B
Check
$25M
HQ
Cambridge, Massachusetts, US
Leads rounds
Leads
Instruments
Equity
Founded
2014
Last 12 months
1 investment
AUM
$500M
Tracked investments
43
Unicorns
3
IPOs
7
Acquisitions
6

Team · 8 people

from the firm's website & curated & public directories

What they invest in

from 33 of 43 portfolio companies

Biotech ×30Healthtech ×19Medical Devices ×12AI & Machine Learning ×8Deep Tech ×7Digital Health ×2Longevity ×2Advanced Manufacturing ×1

HQs:United States×22Australia×1Belgium×1Chile×1

Who they back

founder profiles across 15 portfolio companies
60%
solo founders
9 of 15 mapped founding teams
8%
repeat founders
of 13 founders with career history
~4 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×92 founders×43 founders×2

Where their founders studiedfrom 13 founders with education data

Harvard Business School ×2

What their founders studiedfrom 12 founders with field-of-study data

Life Sciences ×5Chemistry ×3Business & Management ×2Medicine ×2

Where their founders worked beforefrom 13 founders with career history

Atlas Venture ×2MPM BioImpact ×2

Investments · 43 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 42023 · 32021 · 12020 · 32019 · 12015 · 116 dated

Aktis Oncologyaktisoncology.cominNASDAQ: AKTSSep 2024 · $175M

Aktis Oncology discovers and develops targeted radiopharmaceuticals for treating solid tumors.

BiotechHealthtechMedical DevicesBoston, US

Todd Foley(Co-founder and Chairman)inPatrick Baeuerle(Co-founder & Advisor)inShulamit Ron-Bigger(Executive Officer)inKyle D. Kuvalanka(Chief Financial Officer)inAkos Czibere(Chief Medical Officer)inPaul L. Feldman(Chief Scientific Officer)in

Co-investorsAndreessen HorowitzEcoR1 CapitalMPM BioImpactPappas CapitalRA CapitalTCG Crossover+5 more

Alectoralector.comin𝕏NASDAQ: ALECSep 2015

Alector develops therapies targeting neurodegenerative diseases including Alzheimer's, frontotemporal dementia, and Parkinson's disease through protein removal, replacement, and immune cell restoration.

AI & Machine LearningBiotechHealthtechLongevityMedical DevicesSan Francisco, US

Arnon Rosenthal(Ph.D.)inTillman Gerngross(Director)Arnon Rosenthal PhD(Founder)in

BoardCarl Gordon(Director)Terry McGuire(Director)in

Co-investorsForesite CapitalGV (Google Ventures)Mission Bay CapitalMission BiocapitalSV Health InvestorsPolaris Partners

Entrada Therapeutics, Inc.entradatx.cominNASDAQ: TRDA

Entrada Therapeutics is a biotech company developing intracellular therapeutics based on its proprietary EEV Platform, aimed at reaching previously inaccessible or undruggable disease-causing targets inside cells.

BiotechHealthtechBoston, US

Natarajan Sethuraman(Executive Officer)inNerissa Kreher(Executive Officer)inKory Wentworth(Executive Officer)inDipal Doshi(Chief Executive Officer)inNathan Dowden(Executive Officer)inNatarajan Sethuraman, PhD(President of Research and Development)

Co-investors5AM VenturesAgent CapitalMPM BioImpactRoche Venture FundTCG Crossover

Invivydinvivyd.comin𝕏NASDAQ: IVVD

Invivyd develops monoclonal antibody medicines for the prevention and treatment of serious viral infectious diseases, starting with COVID-19 and other high-need indications.

BiotechHealthtech

Marc Elia(Founder)in

Co-investorsBain Capital Life SciencesForesite CapitalPremji InvestRA CapitalGV (Google Ventures)Mithril Capital Management+2 more

Kymera Therapeuticskymeratx.comin𝕏NASDAQ: KYMR

Kymera is a clinical-stage biotechnology company developing novel medicines using targeted protein degradation technology to treat diseases caused by previously "undrugged" proteins.

BiotechDeep TechHealthtech

Nello Mainolfi(Founder)inBruce Booth(Chair)in

Co-investorsAtlas VentureAvoro Capital AdvisorsBain Capital Life SciencesBessemer Venture PartnersHatteras Venture PartnersNextech Invest+6 more

Spero Therapeuticssperotherapeutics.cominNASDAQ: SPRO

Spero Therapeutics is a clinical-stage biopharmaceutical company developing medicines for immune-mediated diseases, led by SP001, a third-generation anti-CD40L antibody targeting IgG4-related disease.

BiotechCambridge, US

Ankit Mahadevia(Executive Officer, Director)inStephen Garbacz(Executive Officer)inEsther Rajavelu(Director, President, Chief Executive Officer, Chief Financial Officer, Chief Business Officer and Treasurer)in

BoardJean-Francois Formela(Director)inReza Halse(Director)Casper Breum(Director)

Co-investorsGV (Google Ventures)HEALTHCARE ROYALTY PARTNERSOUP (Osage University Partners)RA CapitalAlphabetAtlas Venture+1 more

Xilio Therapeuticsxiliotx.cominNASDAQ: XLO

Xilio Therapeutics is a clinical-stage biotechnology company developing masked immuno-oncology therapies that use protein engineering to remain inactive until activated by tumor-specific proteases within the tumor microenvironment.

BiotechHealthtechWaltham, US

René Russo(Executive Officer, Director)inJoseph Farmer(Executive Officer)Timothy Clackson(Executive Officer)Christopher Frankenfield(Chief Financial and Operating Officer)inKatarina Luptakova(Chief Medical Officer)inPaul Clancy(Director)

Co-investorsBain Capital Life SciencesBay City CapitalF-Prime CapitalM VenturesRA CapitalRiverVest Venture Partners+9 more

ATB Therapeuticsatbtherapeutics.comin𝕏Nov 2024✓ verified

ATB Therapeutics is a biotech company developing bispecific antibody therapies and related immunological treatments.

BiotechHealthtechMedical Devices

Dr. Mark Throsby(Chief Executive Officer)

Co-investorsV-Bio VenturesVIVES PartnersEQT Life SciencesSambrinvestWallonie EntreprendreEQT

Axonis Therapeuticsaxonis.usinOct 2024✓ verified

Axonis Therapeutics is a biotechnology company developing small-molecule medicines that target KCC2, a mediator of inhibition in the brain, to treat neurological disorders such as epilepsy and pain.

BiotechDeep TechBoston, US

Shane V. Hegarty(Chief Scientific Officer & Co-Founder)inJoanna Stanicka(Chief Executive Officer, President & Co-Founder)inJeff Imbaro(Chief Operating Officer)inTiasha Shafiq(Chief of Staff)in

BoardCorey . Goodman(Director)inJonathan Leff(Director)in

Co-investorsSofinnova VenturesvenBio PartnersCivilization Ventures Management, LlcCreative Destruction Lab (CDL)Hatteras Venture PartnersIaso Ventures+8 more

InduProinduprotx.comin✓ verified

InduPro develops next-generation protein therapeutics by leveraging inherent and induced proximity to modulate disease biology, with a focus on ADCs and T-cell engagers.

BiotechDeep TechMedical DevicesSeattle, US

K. Chris Garcia(Scientific Founder)Prakash Raman(CEO)inAmanda J. Redig(Chief Medical Officer)inScott Lesley(President & CSO)inPamela Holland(SVP of Biology)inSally Johnson(Chief People Officer)in

Co-investorsThe Column GroupVida Ventures

Photys Therapeutics, Inc.photys.comin✓ verified

Photys Therapeutics develops bifunctional small-molecule medicines that use induced proximity to recruit kinases and drive targeted protein phosphorylation, aiming to modulate and repair disease-driving proteins.

BiotechHealthtechLongevityWaltham, US

Amit Choudhary(Scientific Founder)David Steinberg(Chairman & Founding CEO)inEdward Holson(Co-founder & CSO)inLizzie Ngo(Co-founder)inBrian Fenton(President & CEO)in

Co-investorsLongwood FundMPM BioImpact8VCOno Venture Investment, Inc.

Therini Biotherinibio.cominApr 2023 · $36M✓ verified

Therini Bio is a biotechnology company developing fibrin-targeting therapeutics to treat neurological and ophthalmological diseases, leveraging scientific discoveries in neurovascular and neuroimmune mechanisms of disease.

BiotechDigital HealthHealthtechMedical DevicesSacramento, US

Katerina Akassoglou(Scientific Founder, Director of the Center for Neurovascular Brain Immunology and Professor of Neurology at UCSF and Gladstone Institutes)inKaterina Akassoglou, PhD(Scientific Founder)Leslie Schulze(Executive Officer)Tara Nickerson(Executive Officer, Director)in

BoardOlga Danilchanka(Director)inLaia Crespo-Martin(Director)

Co-investorsSanofi VenturesSV Health InvestorsAngelini VenturesDementia Discovery FundDolby Family VenturesMitsui Global Investment+2 more

Topo Therapeuticstopo-tx.comDec 2024

Topo Therapeutics is a drug discovery company developing treatments targeting ion channels and transmembrane proteins for conditions such as pain, epilepsy, and CNS, pulmonary, and renal diseases.

BiotechHealthtechCambridge, US

Hui Tian(Executive Officer, Director)inMadgalene Moran(Executive Officer, Director)Magdalene Moran(Chief Executive Officer)

BoardBruce Bean(Director)James Jeffrey Goater, Jr.(Director)

Board seatKarin Kleinhans· per SEC Form D

Co-investorsSR One Capital ManagementThe Column Group

Ambagon Therapeuticsambagontx.comin𝕏Jan 2025

Ambagon develops small molecule stabilizers of 14-3-3 protein complexes to modulate disease-related protein interactions, targeting therapeutic areas including cancer, metabolic disorders, neurodegenerative and infectious diseases.

BiotechDeep TechMedical DevicesEindhoven, US

Christian Ottmann(Executive Officer)inJosh Seidenfeld(Executive Officer)Michelle Arkin(Director)Nancy Pryer(Executive Officer)Margarita Chavez(Director)Bryan Miller(Executive Officer)

Co-investorsDroia VenturesInkefMission BiocapitalNextech InvestRA Capital

Carawaycarawaytx.comin𝕏acquired by Merck

Caraway Therapeutics was a preclinical biopharmaceutical company developing small-molecule therapies modulating lysosomal function to treat neurodegenerative and rare diseases.

BiotechHealthtech

Co-investorsDementia Discovery FundEisai Innovation, Inc.McCarthy CapitalSV Health InvestorsAbbVieBridge Investments+9 more

Carisma Therapeuticscarismatx.comDec 2020

CAR-Macrophage cellular therapeutics with initial oncology focus (NASDAQ: CARM).

BiotechPhiladelphia, US

Steven Kelly(Executive Officer, Director)in

BoardMargarita Chavez(Director)inEran Nadav(Director)Althea Stillman(Director)Jacob Gunterberg(Director)Regina Hodits(Director)in

Co-investorsAgent CapitalAju IB Invesment CorporationAnzu PartnersGrazia Equity GmbHHealthCapSolasta Ventures+3 more

HotSpot Therapeuticshotspotthera.comin𝕏

HotSpot Therapeutics develops novel biopharmaceutical products and therapeutic platforms focused on innovative biomedical technologies.

AI & Machine LearningBiotechHealthtech

BoardBruce Booth(Chairman)in

Co-investorsAtlas VentureB Capital GroupB4 CapitalPivotal Life SciencesSofinnova PartnersSolasta Ventures+2 more

Imagoimagobio.comin𝕏Nov 2020 · $80Macquired by Merck

A pharmaceutical company that develops medicines and vaccines, with research pipelines and clinical trials aimed at new treatments.

BiotechHealthtech

Co-investorsFrazier Life SciencesHighlight CapitalXeraya CapitalAmgen VenturesBlackRockBlackstone Life Sciences+5 more

Insamoinsamo.com

Insamo develops an automated platform for drug discovery that designs, synthesizes, and tests cyclic peptides at scale using machine learning and proprietary experimental data.

AI & Machine LearningBiotechDeep TechChippendale, AU

Tim Craven(CEO)inToby Passioura(CSO)inGlen McIntyre(COO)

BoardCOREY GOODMAN(Director)inMATT HERSHENSON(Director)in

Co-investorsBEVCCivilization Ventures Management, LlcPlayground GlobalvenBio PartnersAxial VCvenBio Global Strategic

Kymerakymerainternational.comin𝕏

Kymera International manufactures specialty materials and surface technologies, including metal powders, alloys, and advanced coatings, serving industrial customers across aerospace, automotive, electronics, and other sectors globally.

Advanced ManufacturingDeep TechNew MaterialsDetroit, US

Willson Ropp(Chief Executive Officer)in

Co-investorsPlatinumPalladium

LAVA Therapeuticslavatherapeutics.comin𝕏Sep 2020

LAVA develops the Gammabody platform, which generates bispecific antibodies that activate gamma-delta T cells to treat cancer by directing immune cells to tumors and triggering anti-cancer immune responses.

AI & Machine LearningBiotechHealthtechMedical Devices

Ton AdanginHans van der Vliet(Head of Innovation)inSteve Hurly(Chief Executive Officer)Oxana Polyakova(Chief Scientific Officer)in

Co-investorsSanofi VenturesYsios CapitalGilde HealthcareNovo HoldingsREDMILE

LifeMine Therapeuticslifeminetx.cominJan 2021

LifeMine is a biopharmaceutical company that uses data science and advanced methods to accelerate drug discovery and develop precision medicines across therapeutic areas.

AI & Machine LearningBiotechDeep TechCambridge, US

Gregory L. Verdine(Executive Officer, Director)Gregory Verdine, Ph.D.

BoardHingge Hsu(Executive Officer, Director)Weiqing Zhou(Executive Officer, Director)

Co-investorsARCH Venture PartnersGV (Google Ventures)RA CapitalAisling CapitalAlexandriaBezos Expeditions+7 more

Mozart Therapeuticsmozart-tx.comJun 2023 · $25M

Mozart Therapeutics develops protein therapeutics focused on immunology and oncology treatments.

BiotechMedical Devices

Mark Davis(Scientific Co-Founder)K. Christopher Garcia(Scientific Co-Founder)Calvin Kuo(Scientific Co-Founder)Katie Fanning(President & Chief Executive Officer)in

Co-investorsARCH Venture PartnersJDRF T1D FundOno Venture Investment, Inc.Pfizer Venture InvestmentsSofinnova PartnersAlexandria+4 more

Msdmsd.comin𝕏

MSD is a pharmaceutical company focused on developing medicines and vaccines for patients globally, guided by a science-led innovation strategy.

BiotechHealthtechMedical Devices

Myoventivemyoventive.com

Myoventive develops RNA-based medicines to treat genetic heart diseases.

BiotechSouth San Francisco, US

Co-investorsvenBio Partners

PAQ Therapeuticspaqtx.cominMay 2025

Developing novel KRAS degraders.

Burlington, US

Huaixiang Hao(Founder)in

Co-investorsBioTrack CapitalJJDC

Platanusplatan.usinMay 2023 · $100M

Teambit analyzes code, meeting time, and interactions to measure and improve the performance of software development teams, delivering objective metrics.

AI & Machine LearningDeveloper ToolsSaaS

Paula Enei(Founder)in

Co-investorsGG Capital4BIO CapitalDeerfield Management CompanyGeneral CatalystNorwest Venture PartnersNovo Holdings

Tallac Therapeuticstallactherapeutics.comin

Tallac Therapeutics is a clinical-stage biopharmaceutical company developing oligonucleotide-based antibody conjugates (TRAAC candidates) designed to deliver immune-activating agents to tumor microenvironments for oncology indications.

BiotechHealthtechMedical DevicesBurlingame, US

Hong Wan(Executive Officer, Director)in

BoardRan Geng(Director)Michael Carusi(Director)Isaac Cheng(Director)Christine Brennan(Director)Corey Goodman(Director)in

Co-investorsLightstone VenturesvenBio PartnersMatrix Partners ChinavenBio Global Strategic

Tidal Therapeuticssanofi.comin𝕏acquired by Sanofi

Sanofi is an R&D-driven, AI-powered biopharmaceutical company that develops medicines and vaccines, with a focus on immunology and the immune system.

AI & Machine LearningBiotechHealthtech

Co-investorsNew Enterprise Associates (NEA)Rho VenturesSanofi VenturesFJ Labs

Viridian Therapeuticsviridiantherapeutics.comin𝕏

Viridian Therapeutics develops treatments for thyroid eye disease, a rare autoimmune condition affecting the eyes and orbit.

BiotechDigital HealthMedical DevicesWaltham, US

Jonathan Violin(Executive Officer, Director)in

BoardPeter Harwin(Director)Tomas Kiselak(Director)

Co-investorsBroadview VenturesLongitude Capital

VISTERRA, INC.visterrainc.cominacquired by Otsuka

A biologics center of excellence focused on developing and delivering medicines to patients, operating as a subsidiary within the Otsuka pharmaceutical group.

AI & Machine LearningBiotechHealthtechMedical Devices

Zachary Shriver(President and Chief Executive Officer)Karthik Viswanathan(Vice President, Research)in

Co-investorsCTI Life Sciences Fund L.P.Cycad Group LLCLux Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ADRxAnavo TherapeuticsAxonisEyeBioGlobal Health Innovation FundImago BioSciences, Inc.LifeMinePhotysRay TherapeuticsTopoTranslate BioVectorY Therapeutics

Exits · 13

7 IPOs · 6 acquisitions

Aktis OncologyNASDAQ: AKTSAlectorNASDAQ: ALECEntrada Therapeutics, Inc.NASDAQ: TRDAInvivydNASDAQ: IVVDKymera TherapeuticsNASDAQ: KYMRSpero TherapeuticsNASDAQ: SPROXilio TherapeuticsNASDAQ: XLOCarawayacq. by MerckEyeBioacq. by MerckImagoacq. by MerckTidal Therapeuticsacq. by SanofiTranslate Bioacq. by SanofiVISTERRA, INC.acq. by Otsuka

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings · 4

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Alector4.6%$25.00Jan 2020$88.6M
Entrada Therapeutics, Inc.5.8%$20.00Nov 2021$34.8M
Xilio Therapeutics3.7%$16.00Oct 2021$15.7M
Spero Therapeutics5.2%$12.50Jul 2018$11.7M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has MRL Ventures Fund made?
MRL Ventures Fund has 43 tracked investments, 13 of which have exited, including 6 dated in the last 24 months.
What stage does MRL Ventures Fund invest at?
MRL Ventures Fund invests at the Pre-Seed, Seed, Series A, Series B stages.
What is MRL Ventures Fund's typical check size?
MRL Ventures Fund typically writes checks of $25M.
What sectors does MRL Ventures Fund focus on?
MRL Ventures Fund focuses on Biotech, Healthtech, Medical Devices.
Where is MRL Ventures Fund located?
MRL Ventures Fund is headquartered in Cambridge, US.
Does MRL Ventures Fund lead rounds?
Yes, MRL Ventures Fund leads investment rounds.
Who does MRL Ventures Fund co-invest with?
MRL Ventures Fund most often shares deals with RA Capital, SV Health Investors, Bain Capital Life Sciences, among 72 tracked co-investors.

Co-investors · 2

RA Capital

RA Capital Management is a healthcare and planetary health investment firm that founds, funds, and scales companies using scientific diligence, multi-stage capital, and hands-on operational support.

MPM BioImpact

MPM BioImpact combines 30+ years of biotech venture capital expertise with impact investing and public market experience, managing early-stage venture funds, private/public impact funds, and a public equities fund focused on transforming patient outcomes.

$1M – $15M

Firms observed investing alongside MRL Ventures Fund, from public investor directories. Shared companies are the overlap with MRL Ventures Fund's recorded portfolio.

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