# MBX Capital: portfolio, investments and team

> MBX Capital is a vc firm based in United States. 6 investments on record, latest Jun 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/mbx-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# MBX Capital

Filed with the SEC to raise a fund in Mar 2026, closing $5M. Last cheque observed Jun 2025.

Quiet New fund $5.1M, Mar 2026 VC firm

Seed Series A Series B Telehealth Mental Health Healthtech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **483** days **00** hrs **00** min **00** sec

Median round **$5.3M** Cheque size, as they say **$100K – $5.0M** Rounds led **0 of 6** Sole investor **1 rounds** Mostly in **United States, 83%**

Pitch MBX Capital

## MBX Capital highlights

- 01 6 rounds on record
- 02 Mostly Seed and Series A: 100% of its rounds
- 03 Sole investor in 1 rounds, median $1.2M

## What they do

> Filed 1 private fund offerings with the SEC, the most recent in 2025-03 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Telehealth Mental Health Healthtech
- **Based in:** New York City, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2025** 2 rounds
- **Jun** **[Juniper Genomics](https://millionrounds.com/company/juniper-genomics)** Seed · CA · Amboy Street **$4.6M** With 6 others
- **Feb** **[Keebler Health](https://millionrounds.com/company/keebler-health)** Seed · US · New Stack Ventures **$6.0M** With 10 others
- **2019** 2 rounds
- **Jun** **[Osmosis](https://millionrounds.com/company/osmosis)** US · TechCrunch **$4.0M** With 6 others
- **May** **[Mightier](https://millionrounds.com/company/mightier)** Series A · US · FinSMEs **$6.6M** With 5 others
- **2017** 2 rounds
- **Nov** **[Qool Therapeutics](https://millionrounds.com/company/qool-therapeutics)** Series A · US · FinSMEs **$8.0M** With 6 others
- **Mar** **[NeuroOne](https://millionrounds.com/company/neuroone)** Seed · US · FinSMEs **$1.2M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

GB **Gurdane Bhutani** MANAGING PARTNER OF MBX CAPITAL II GP, LLC, THE ISSUER'S MANAGER. i Filing they signed

HP **Hoang Phan** Officer of the Issuer's Administrative Manager i Filing they signed

RT **Richard Thoms** Officer of the Issuer's Administrative Manager i Filing they signed

ZM **Zeshan Muhammedi** MANAGING PARTNER OF MBX CAPITAL II GP, LLC, THE ISSUER'S MANAGER. i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$95M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** MBX Capital, LLC
- **SEC number:** CRD 312079

## What they claim to have backed

From their own portfolio page (on their website)

**17** of 28 we have independently watched raise

[AmacaThera](https://millionrounds.com/company/amacathera)[Arine](https://millionrounds.com/company/arine)[CND Life Sciences](https://millionrounds.com/company/cnd-life-sciences)[Contraline](https://millionrounds.com/company/contraline)[Current Surgical](https://millionrounds.com/company/current-surgical)[Earli](https://millionrounds.com/company/earli)[Freedom Biosciences](https://millionrounds.com/company/freedom-biosciences)[Junction Health](https://millionrounds.com/company/junction-health)[Juniper Genomics](https://millionrounds.com/company/juniper-genomics)[Lucy Goods](https://millionrounds.com/company/lucy-goods)[Macro Trials](https://millionrounds.com/company/macro-trials)[Opentrons](https://millionrounds.com/company/opentrons)[Think Bioscience](https://millionrounds.com/company/think-bioscience)[Tidal Vision](https://millionrounds.com/company/tidal-vision)[Vital Bio](https://millionrounds.com/company/vital-bio)[Vivodyne](https://millionrounds.com/company/vivodyne)[Waypoint Bio](https://millionrounds.com/company/waypoint-bio) Ancilia Bio Atlas Health Case45 Catena Biosciences Dognosis Eden Enoda Cellworks Examol Federated Biologics Persist AI Stasis

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$5.1M**

raised in Mar 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$5.3M** the round, not its cheque Alone, median **$1.2M**

Led 0 of 6 rounds **0%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 1 rounds
- **Last cheque:** Jun 2025

Rounds by stage said on their site

- Seed said *3*
- Series A said *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Recently backed

The latest companies MBX Capital put money into.

[**Juniper Genomics** $4.6M · Jun 2025](https://millionrounds.com/company/juniper-genomics)[**Keebler Health** $6.0M · Feb 2025](https://millionrounds.com/company/keebler-health)[**Mightier** $6.6M · May 2019](https://millionrounds.com/company/mightier)[**NeuroOne** $1.2M · Mar 2017](https://millionrounds.com/company/neuroone)

## Quick answers about MBX Capital

### What does MBX Capital invest in?

MBX Capital invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Telehealth, Mental Health and Healthtech.

### How active is MBX Capital?

6 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2025.

### What has MBX Capital invested in recently?

Its most recent investments on record: Juniper Genomics (Seed, Jun 2025), Keebler Health (Seed, Feb 2025) and Osmosis (Undisclosed round, Jun 2019).

### How big are MBX Capital's cheques?

The median round it joins is $5.3M. It says it writes cheques of $100K to $5.0M.

### Does MBX Capital lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does MBX Capital invest?

Most of the companies it backs are in the United States (83%) and Canada (17%).

### Is MBX Capital investing now?

No investments in the last 12 months; the latest was in Jun 2025.

### What kind of investor is MBX Capital?

MBX Capital is a VC firm based in New York City, United States.

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