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 26 days 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.

itnig2026-07
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.

itnig2026-07
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.

itnig2026-07
9 total
$BIORCE
Biorce
HIGHpedro coelho·SeedRocket TV·6 months ago· 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·26 days ago
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·26 days ago
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·26 days ago
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·26 days ago
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·26 days ago
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·26 days ago· 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·26 days ago
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·26 days ago
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