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Fund profile

Axial VC

Axial VC

San Francisco, United States

Not leading

About

Axial VC is a San Francisco-based venture capital firm, founded in 2019 by Joshua Elkington. The fund is focused on early-stage investments in the biotechnology sector, with a particular emphasis on innovative therapeutics and healthcare technologies. Axial has a strong track record of backing cutting-edge startups, with notable investments including CHARM Therapeutics, which leverages AI in biotechnology, and Replay, a leader in gene therapy. Geographically, Axial’s portfolio spans across key biotech hubs in the U.S. and Europe, such as San Francisco, San Diego, and London. The fund is known for participating in sizeable funding rounds, with an average check size of around $19M, although it does not typically lead these rounds. Instead, Axial often co-invests alongside prominent firms like Khosla Ventures, General Catalyst, and OrbiMed, ensuring a collaborative approach to scaling its portfolio companies. Axial’s strategy is heavily centered on identifying transformative technologies at the intersection of biology and data science. The fund actively seeks out startups with strong scientific foundations and the potential to disrupt traditional healthcare paradigms. For entrepreneurs looking to connect with Axial, the firm values a clear demonstration of technical innovation and market potential. The team, based primarily in San Francisco, is hands-on, providing not just capital but also strategic guidance to help startups navigate the complexities of early-stage growth.

Details

Average check

$0-$100K
$100K-$500K
$500K-$1M
$1M-$3M
$3M-$10M

Round

Pre-Seed
Seed
Series A

Previous Investments

AI & Deep Tech
Biotech
Consumer Goods & Electronics
Hardware. Robotics & IoT
Healthtech & Wellness
Natural Resources
Other
Pharma
Real Estate & Proptech

Geo focus

USA

Highlights

$14.9M

Historical average check

$60M

Historical max check

October 2024

Last investment date

18

Investments

Biotech

Healthtech & Wellness

Pharma

CleanTech & Sustainability

Food & Beverage

Real Estate & Proptech

Other

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Contacts

Website

axialvc.com

Email

info@axialvc.com

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