# Nuance Biotech funding: rounds and investors

> Nuance Biotech has raised $201M across 2 rounds since 2018. Investors include Matrix Partners China, RTW Investments LLC and C-Bridge Capital.

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

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

# Who invested in *Nuance Biotech*

2 rounds we have observed, with the 3 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 Pharma

Funding summary Updated 26 Oct 2026

**$201M** raised across 2 rounds since 2018, from 2 sources

**$20M** Series B **$181M** Series D

- **Latest round:** Series D, $181M Dec 2020
- **Step-up i:** 9.1×
- **Investors:** 3

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.

2019 2020

**$20M** Series B

**$181M** Series D

- **First round:** Series B, $20M
- **Biggest round:** $181M
- **Between rounds:** 2.4 years

## The rounds

- **Dec 2020** Series D **$181M** *2 new* [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Source recorded
- **Jun 2018** Series B **$20M** *1 new* [C-Bridge Capital](https://millionrounds.com/fund/c-bridge-capital) 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 **Series D** 2020 [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [C-Bridge Capital](https://millionrounds.com/fund/c-bridge-capital)

## Everyone who backed them

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

[RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Growth equity **1** round

[C-Bridge Capital](https://millionrounds.com/fund/c-bridge-capital) Growth equity **1** round

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

## Quick answers about Nuance Biotech

### Who invested in Nuance Biotech?

Nuance Biotech's investors include Matrix Partners China, RTW Investments LLC and C-Bridge Capital.

### How much has Nuance Biotech raised?

Nuance Biotech has raised $201M across 2 rounds since 2018.

### When did Nuance Biotech last raise?

Nuance Biotech's most recent round was a Series D of $181M in Dec 2020.

### What was Nuance Biotech's biggest round?

Its most recent round, $181M in Dec 2020, is also its largest on record.

### Who backed Nuance Biotech first?

Nuance Biotech's first round on record, in Jun 2018, was backed by C-Bridge Capital.

### What stage is Nuance Biotech at?

Nuance Biotech's latest named round is a Series D, in Dec 2020.

### Where is Nuance Biotech based?

Nuance Biotech is based in China.

## Companies like Nuance Biotech

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)[**Adlai Nortye** $190M · Feb 2026](https://millionrounds.com/company/adlai-nortye)[**HitGen** $39M · Nov 2025](https://millionrounds.com/company/hitgen)[**Adagene** $83M · Jul 2025](https://millionrounds.com/company/adagene)

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