# Adlai Nortye funding: rounds and investors

> Adlai Nortye has raised $190M across 2 rounds since 2018. Investors include Matrix Partners China, Cormorant Asset Management and DT Capital Partners.

Source: https://millionrounds.com/company/adlai-nortye (Millionrounds; every figure on the page links to its filing or article)

China · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Adlai Nortye*

2 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Raised 9 months ago

Funding summary Updated 26 Oct 2026

**$190M** raised across 2 rounds since 2018, from 2 sources

**$50M** Series B **$140M** Round

- **Latest round:** Round, $140M Feb 2026
- **Step-up i:** 2.8×
- **Investors:** 6

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2020 2022 2024 2026

**$50M** Series B

**$140M** Round

- **First round:** Series B, $50M
- **Biggest round:** $140M
- **Between rounds:** 7.6 years

## The rounds

- **Feb 2026** Round **$140M** *3 new* [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [DT Capital Partners](https://millionrounds.com/fund/dt-capital-partners) Source recorded
- **Jun 2018** Series B **$50M** *3 new* [Yahui Precision Medicine](https://millionrounds.com/fund/yahui-precision-medicine) DT Yuanming Capital/ Matrix Reported by China Money Network

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2018 **Round** 2026 [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [DT Capital Partners](https://millionrounds.com/fund/dt-capital-partners) [Yahui Precision Medicine](https://millionrounds.com/fund/yahui-precision-medicine) DT Yuanming Capital/ Matrix

## Everyone who backed them

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **1** round

[DT Capital Partners](https://millionrounds.com/fund/dt-capital-partners) VC firm **1** round

[Yahui Precision Medicine](https://millionrounds.com/fund/yahui-precision-medicine) Growth equity **1** round

DT no record of our own yet **1** round

Yuanming Capital/ Matrix no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=adlai-nortye).

## Quick answers about Adlai Nortye

### Who invested in Adlai Nortye?

Adlai Nortye's investors include Matrix Partners China, Cormorant Asset Management, DT Capital Partners, Yahui Precision Medicine and DT, and 1 more on record.

### How much has Adlai Nortye raised?

Adlai Nortye has raised $190M across 2 rounds since 2018.

### When did Adlai Nortye last raise?

Adlai Nortye's most recent round was an Undisclosed round of $140M in Feb 2026.

### What was Adlai Nortye's biggest round?

Its most recent round, $140M in Feb 2026, is also its largest on record.

### Who backed Adlai Nortye first?

Adlai Nortye's first round on record, in Jun 2018, was backed by Yahui Precision Medicine, DT and Yuanming Capital/ Matrix.

### What stage is Adlai Nortye at?

Adlai Nortye's latest named round is an Undisclosed round, in Feb 2026.

### Where is Adlai Nortye based?

Adlai Nortye is based in China.

## Companies like Adlai Nortye

In the same sector, and raised in the last eighteen months.

[**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**RNAimmune** $4.5M · Aug 2026](https://millionrounds.com/company/rnaimmune)[**Gestala** $22M · Mar 2026](https://millionrounds.com/company/gestala)[**HitGen** $39M · Nov 2025](https://millionrounds.com/company/hitgen)[**Adagene** $83M · Jul 2025](https://millionrounds.com/company/adagene)[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)

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