Investor profile
Phase Two Ventures
Micro-fund
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Phase Two Ventures is a seed venture fund based in San Diego investing in early-stage life science tools, platform technologies, and computational biology to support the next generation of basic research, diagnostics, and therapeutics. The firm aims to discover and support diverse science entrepreneurs with backgrounds in multi-omics, bioengineering, synthetic biology, and cell & gene therapies. Co-founded by entrepreneurs with years of operational experience, the firm understands the nuances of taking early technology towards commercial success. It puts that experience to work with pre-seed startups by providing capital, coaching, and support — specializing in the 'picks and shovels' of life science R&D rather than drug development itself.
Notable quotes
“Events like Bio Bullpen are about 'manufacturing serendipity,' creating chance encounters with founders, LPs, and advisors whose missions align.”
“Phase 2 Ventures, a $10 million fund, focuses on writing early checks between $50K and $250K—often the very first investment a startup receives.”
“Phase Two Ventures specializes in seed-stage investments in the foundational tools that power life science R&D—often referred to as the 'picks and shovels' of the industry.”
Team
Mark Nowakowski
Venture Partner
Eddie Rodriguez
Venture Partner
Robert Mowry
Venture Partner
Darlene Solomon
Advisor
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Acurion | Seed | — | 2026-04-02 |
| Navega Therapeutics | Seed | — | — |
| Exthymic | Seed | $10m | — |
| Rybodyn | Pre-seed | — | — |
| Lynx Biosciences | Seed | — | — |
| Morphos Bioscience | Pre-seed | — | — |
| Arima Genomics | Seed | — | — |
| NanoCellect Biomedical | Seed | — | — |
| Defined Bioscience | Seed | — | — |
| Mesa Biotech | Seed | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| CONNECT San Diego | 2 |
| Illumina Ventures | 2 |
| Alix Ventures | 1 |
| KdT Ventures | 1 |
| Creative Destruction Lab | 1 |
| Venture Twelve | 1 |
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