MRL Ventures Fund
Cambridge, Massachusettsmrlv.com
Overview
MRL Ventures Fund (MRLV) is the therapeutics-focused corporate venture capital fund of Merck & Co., Inc. It invests globally in early-stage, preclinical therapeutics companies developing transformative medicines. The fund does not invest in medical devices, diagnostic platforms, or digital health.
Portfolio Companies
20
Website
mrlv.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Ray Therapeutics | Apr 2026 | Series B | Co-investor |
| PAQ | Jan 2026 | Series B Extension | Co-investor |
| Therini Bio | May 2025 | Series A Extension | Co-investor |
| PAQ | May 2025 | Series B | Lead |
| ATB Therapeutics | Nov 2024 | Series A | Lead |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.