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pedro coelho

T2 · manager / operator

Portuguese entrepreneur who built and sold a chicken export business in Poland, then founded a clinical trial CRO in London (sold to Dutch PE), then founded Biorce in Barcelona to automate clinical trials with AI. Holds Oxford Medical School admission but chose business. Raised $52.5M Series A from DST Global and Norsken after 0-$10M ARR in 9 months.

9 calls·8 names·67% bull·last heard 2 months ago·SeedRocket TV+1
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$BIORCEBiorceposition

Biorce reaches $10M ARR in 9 months, targets $10B+ revenue clinical trial OS

Biorce's AI operating system for clinical trials cuts protocol creation from 18 months to 10 minutes with 95% accuracy, reducing pharma R&D costs by 50-70%. The company achieved ~$10M ARR in 9 months with 250K-10M+ EUR annual contracts, 70% on 3-year terms, and turned down a ~$2B acquisition offer to pursue infrastructure play.

itnig2026-07episode →
2ndhigh conviction
$DST-GLOBALDST Global

DST Global leads Biorce Series A after 3-day founder shadowing, no reference calls

DST Global (Yuri Milner) invested in Biorce's $52.5M Series A after intensive due diligence including 3-day founder shadowing and a demo to ex-GSK/Genentech/Rush executives. They bypassed standard reference calls, convinced by Biorce's hypergrowth (0 to $10M ARR in 9 months) and unique clinical trial automation thesis.

itnig2026-07episode →
3rdhigh conviction
$BAYRYBayer

Bayer offers ~$2B for Biorce, turned down to remain neutral infrastructure

A major pharma (likely Bayer per context) offered approximately $2B cash for Biorce. The founder rejected it because selling to one pharma would compromise the neutral infrastructure model needed to serve the entire industry and capture the $120B CRO market.

itnig2026-07episode →

most discussed · click a bar to filter

  • $BIORCE
  • $DST-GLOBAL
  • $MAZE
  • $FORMATION-BIO
  • $BAYRY

recurring themes

  • AI in Healthcare2
  • AI Infrastructure2
  • Enterprise AI Adoption1
  • AI Agents1
  • Data Center Infrastructure1
9 total
$BIORCE
Biorce
HIGHpedro coelho·SeedRocket TV·7 months ago·Cómo escalar una startup de SALUD desde España al mundo | Pedro Coelho - La historia de BIORCE· position
Biorce raises $52M to build AI operating system for clinical trials
Biorce reduces 12-year clinical trial timelines by 50% using an AI operating system that automates protocol generation, hospital selection, contract negotiation, and budgeting. The platform trained on 1M+ clinical trials enables 90-second protocol drafting versus 8 months traditionally, creating a system-of-record for pharma/biotech/CROs.
"O sea, hasta hoy piensa que en el año que pasó hicimos 200% nuestro target de ventas, que era un target bastante grande para o sea, las ventas van on fire. ¿Y quién quién te compr…"
39:00
$DST-GLOBAL
DST Global
HIGHpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
DST Global leads Biorce Series A after 3-day founder shadowing, no reference calls
DST Global (Yuri Milner) invested in Biorce's $52.5M Series A after intensive due diligence including 3-day founder shadowing and a demo to ex-GSK/Genentech/Rush executives. They bypassed standard reference calls, convinced by Biorce's hypergrowth (0 to $10M ARR in 9 months) and unique clinical trial automation thesis.
"Y me dije, "Vale, dame 10 minutos para que te explique lo que hacéis." Y empieza ta ta ta. Esto es lo que hacéis, ¿no? Yo sí. Y me lo veo muy claro. ¿Qué haces mañana, sábado?...…"
106:40
$MAZE
Maze
MEDpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
Maze Impact first institutional investor in Biorce, backed pre-seed at 3.5M EUR
Maze (Portuguese impact fund) was the first investor to understand Biorce's hybrid tech-bio positioning, committing 1M EUR in pre-seed when health tech and pure tech funds both passed. Their conviction unlocked the round.
"Norsken, no fue otro que se le llama Maze, Masterche Maze, y fue el primer inversor a decir, mira, vamos a invertir un millón, ¿vale? Fue los primeros que dijeron, lo vemos. y com…"
95:00
$FORMATION-BIO
Formation Bio
MEDpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
Formation Bio raises billions to become AI-native pharma, not infrastructure
Formation Bio took the opposite approach to Biorce: raising billions to develop drugs themselves as an AI-native pharmaceutical company rather than selling infrastructure to pharma. This creates a competitive dynamic where Biorce remains neutral infrastructure while Formation Bio competes with its potential customers.
"Tienes, bueno, tienes dos grandes casos, pero uno se llama Formation Bio, que hoy ha levantado billones de dólares y ha dicho, "Oye, yo no voy a desarrollar ella para nadie. Lo ha…"
38:50
$BAYRY
···
Bayer
HIGHpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
Bayer offers ~$2B for Biorce, turned down to remain neutral infrastructure
A major pharma (likely Bayer per context) offered approximately $2B cash for Biorce. The founder rejected it because selling to one pharma would compromise the neutral infrastructure model needed to serve the entire industry and capture the $120B CRO market.
"Pedro, si ahora llega Bayern y te ofrece 2 billion... Hemos dicho no, algo no muy lejos de esto... Por una porque lo que vemos nosotros es mucho más grande y darlo a una farmacéut…"
113:00
$GOOGL
···
Alphabet
MEDpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
DeepMind partnership enables Biorce's reasoning model training approach
Biorce has a strategic partnership with Google/DeepMind where the Head of Research shared pre-public reasoning training techniques (Chain of Thought) that Biorce adopted to train models that 'think like scientists.' This differentiates Biorce from generic LLM wrappers.
"Tenemos una muy buena partnership... Con Google y en su momento con Deep Mind. En su momento el Head of Research me decía, "Pedro, tengo que enseñarte algo. Aún no es público, per…"
28:20
$BIORCE
Biorce
HIGHpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce· position
Biorce reaches $10M ARR in 9 months, targets $10B+ revenue clinical trial OS
Biorce's AI operating system for clinical trials cuts protocol creation from 18 months to 10 minutes with 95% accuracy, reducing pharma R&D costs by 50-70%. The company achieved ~$10M ARR in 9 months with 250K-10M+ EUR annual contracts, 70% on 3-year terms, and turned down a ~$2B acquisition offer to pursue infrastructure play.
"Hemos visto empresas que han bajado un 70%. Todo esto obviamente es teoría, porque Viors hace dos años que existe... Por ejemplo, tenemos un cliente en Barcelona que ya está hacie…"
81:40
$NORSKEN
Norsken
HIGHpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
Norsken converts CL to equity at 9x ARR multiple after witnessing pharma demand
Norsken invested via a convertible note with revenue-based conversion (9-10x ARR) after observing Biorce's team execution and a major pharma visit where 7 leadership members requested a 3-year business continuity plan. Their physical proximity in Barcelona coworking gave them unique conviction.
"El Chief Innovation Officer me dije, "Oye, nos encanta, queremos el producto, pero tenemos un eh, ¿cómo llamado? Un plano de contención de que me permite ver que tu empresa tiene…"
103:20
$ANTHROPIC
Anthropic
MEDpedro coelho·itnig·2 months ago·Las farmacéuticas pagan decenas de millones por esta IA | Biorce
Biorce uses Anthropic as best-in-class for math/statistics tasks in model orchestration
Biorce's model orchestrator routes tasks to the best model: proprietary models for domain-specific clinical reasoning, Anthropic for mathematics/statistics/SQL where frontier models excel. This hybrid approach avoids building everything in-house.
"Si yo estoy haciendo un sequel query, Boss no lo va a desarrollar un modelo fundacional para text to sequel que sea mejor lo que le he hecho Google o Antropic, ¿sabes? Entonces, h…"
31:40
9
AI in Healthcaretailwind
Clinical trial automation OS cuts 12-year drug development to 6 years at half cost
Biorce's AI operating system automates the clinical trial protocol lifecycle — from molecule viability simulation to protocol generation to study design optimization — reducing the median $6B/12-year drug development process by 50% in time and cost. Early customers show 600K EUR savings per trial on protocol alone.
9
Enterprise AI Adoptiontailwind
Pharma adopts AI clinical trial software at $250K-$10M+ ACV with 3-5 year commitments
Large pharma companies are signing multi-year contracts (70% 3-year, now piloting 5-year) for Biorce's platform at 250K-10M+ EUR base subscriptions plus usage fees. The buying trigger is regulatory pressure (EMA/FDA) and patent clock economics: arriving 1 year earlier to market on a $2B/year drug justifies 200M+ trial spend acceleration.
8
AI Agentstailwind
Agentic clinical trial workforce replaces 50% of CRO human labor, targets 100% in 2 years
Biorce's 'true agentic workforce' coordinates specialized agents for protocol generation, study design, patient simulation, regulatory strategy, and economic optimization. Currently replaces ~50% of CRO work (documentation, process management); full autonomy awaits regulatory acceptance of AI-to-AI submission/review. The $120B CRO market is the addressable opportunity.
8
AI Infrastructuretailwind
Model orchestration layer routes clinical tasks to specialized proprietary and frontier models
Biorce built a model orchestrator that decomposes clinical trial workflows into discrete tasks (protocol writing, statistical analysis, 3D molecule visualization, regulatory compliance) and routes each to the optimal model — proprietary fine-tuned models for domain reasoning, Anthropic/Google for math/coding — maintaining chain-of-thought consistency across the workflow.
8
AI in Healthcaretailwind
AI operating system cuts clinical trial timelines by 50% via protocol automation
Biorce's AI platform trained on 1M+ clinical trials automates protocol drafting (90 seconds vs 8 months), hospital selection, and contract negotiation, targeting the 40% 'white space' between trial phases. This could compress 12-year drug development to 6 years.
8
Data Center Infrastructuretailwind
Multi-cloud single-tenant deployment with push-only model updates solves pharma data sovereignty
Biorce deploys dedicated Kubernetes clusters in each client's cloud account (AWS/Azure/GCP) with a 'data lakehouse' architecture (Databricks/Snowflake) where model updates are pushed but data never pulled. This satisfies pharma's requirement that proprietary trial data never leaves their controlled environment while enabling continuous model improvement.
8
AI Economics & Business Modelstailwind
Hybrid subscription + usage pricing captures 10-20% of $120B CRO market value
Biorce's pricing formula (based on trial count, molecules, headcount) yields 250K-10M+ EUR base ARR per client with usage overages. At 150 trials/year for large pharma, this scales to 100M+ EUR accounts. The model captures value from both time savings (50% faster trials) and cost reduction (50-70% cheaper protocols) vs traditional CROs.
7
Tech Regulation & Antitrusttailwind
EU AI Act and EMA regulatory readiness become competitive moats for clinical AI
European pharma buyers require Business Continuity Plans (3-5 year runway) and auditability of AI training data flows. Biorce's single-tenant architecture with auditor-accessible training logs and push-only model updates positions them ahead of EU AI Act compliance. Open Evidence's EU blocking illustrates regulatory risk for non-compliant clinical AI.