Investments
268Portfolio Exits
33Funds
17
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Food & Beverage
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Latest Initialized Capital News
Jun 1, 2023
Modulo Bio , a San Diego, CA-based biotech startup, came out of stealth mode raising $8m in funding. Backers included Initialized Capital, Cantos, Bioverge, Spacecadet, Builders VC, Refactor Capital, and Hawktail. The company intends to use the funds to accelerate the development of its first therapeutic program and its Modulo Neuroimmune Platform. Led by CEO Michael Horowitz, Modulo models the neuroimmune system to identify drug candidates that target microglia cells to treat diseases like ALS, FTD, Alzheimer’s and Parkinson’s. The company’s proprietary neuroimmune olatform integrates software, automation, and artificial intelligence, alongside the latest advances in stem cell biology and neuroscience, to pioneer new treatments. Its research starts with patients, leveraging stem cell technology to generate brain cells from patients with different diseases, and culminates in an AI-generated neuroimmune fingerprint of disease. The company has already identified novel microglia targets and generated candidates that offer the promise of effective treatments for diseases like Amyotrophic Lateral Sclerosis (ALS) and Frontotemporal Dementia (FTD). Beyond developing treatments that improve the patient outlook, the broader vision of Modulo is to map the entire neuroimmune system to create a better understanding of how neurodegenerative diseases are interrelated. Alongside Michael Horowitz, Modulo is led by Scott Patterson, seasoned technologist and previously Vice President of Engineering at Counsyl, and Justin Ichida, PhD, Professor at USC, and a leader in modeling ALS and FTD using patient-derived cells. FinSMEs
Initialized Capital Investments
268 Investments
Initialized Capital has made 268 investments. Their latest investment was in Curri as part of their Series B on June 6, 2023.
Initialized Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/6/2023 | Series B | Curri | $42M | No | Bessemer Venture Partners, Brick & Mortar Ventures, Initialized Capital, Rainfall Ventures, and Undisclosed Investors | 2 |
6/2/2023 | Seed VC | Modulo Bio | $8M | Yes | 2 | |
4/4/2023 | Seed VC | Satsuma | $5M | Yes | 4 | |
2/6/2023 | Series A | |||||
1/1/2023 | Seed VC |
Date | 6/6/2023 | 6/2/2023 | 4/4/2023 | 2/6/2023 | 1/1/2023 |
|---|---|---|---|---|---|
Round | Series B | Seed VC | Seed VC | Series A | Seed VC |
Company | Curri | Modulo Bio | Satsuma | ||
Amount | $42M | $8M | $5M | ||
New? | No | Yes | Yes | ||
Co-Investors | Bessemer Venture Partners, Brick & Mortar Ventures, Initialized Capital, Rainfall Ventures, and Undisclosed Investors | ||||
Sources | 2 | 2 | 4 |
Initialized Capital Portfolio Exits
33 Portfolio Exits
Initialized Capital has 33 portfolio exits. Their latest portfolio exit was TripleByte on March 16, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/16/2023 | Acquired | 5 | |||
2/22/2023 | Acquired | 9 | |||
12/8/2022 | Acquired | 4 | |||
Date | 3/16/2023 | 2/22/2023 | 12/8/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 9 | 4 |
Initialized Capital Fund History
17 Fund Histories
Initialized Capital has 17 funds, including Initialized V.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
8/14/2020 | Initialized V | $230M | 3 | ||
7/29/2020 | Initialized Robin Fund | $11.12M | 2 | ||
7/10/2019 | Initialized PAT SPV | $1.02M | 1 | ||
6/24/2019 | Initialized Superclass Iss | ||||
10/2/2018 | Initialized Annex |
Closing Date | 8/14/2020 | 7/29/2020 | 7/10/2019 | 6/24/2019 | 10/2/2018 |
|---|---|---|---|---|---|
Fund | Initialized V | Initialized Robin Fund | Initialized PAT SPV | Initialized Superclass Iss | Initialized Annex |
Fund Type | |||||
Status | |||||
Amount | $230M | $11.12M | $1.02M | ||
Sources | 3 | 2 | 1 |
Initialized Capital Team
6 Team Members
Initialized Capital has 6 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Alexis Kerry Ohanian, Sr. | Y Combinator, Hipmunk, Conde Nast, and Pizza Hut | Founder | Current |
Name | Alexis Kerry Ohanian, Sr. | ||||
|---|---|---|---|---|---|
Work History | Y Combinator, Hipmunk, Conde Nast, and Pizza Hut | ||||
Title | Founder | ||||
Status | Current |
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