China · Series C startup

Who invested in Nutshell Therapeutics

2 rounds we have observed, with the 9 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.

AIBiotech

Raised 2 months ago

Funding summaryUpdated 5 Nov 2026

$40Mraised across 2 rounds since 2022, from 2 sources

Latest round
Series CSept 2026
Led by
Decheng Capital and Trustbridge Capital
Biggest round
$40MSeries A · Mar 2022
Investors
9 (2 led)
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.

20222023202420252026
$40MSeries A?Series C
First round
Series A, $40M
Mar 2022
Biggest round
$40M
Series A · Mar 2022
Between rounds
4.6 years
from the last two

The rounds

  1. Sept 2026
    Series Ctens of millions of dollars4 new

    Reported by TechStartups

  2. Mar 2022

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.

Everyone who backed them

Decheng CapitalVC firm1round, led 1
Trustbridge CapitalGrowth equity1round, led 1
Tengxun TouziVC firm1round
Source Code CapitalVC firm1round
Baidu VenturesVC firm1round
Dachen CaizhiGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Nutshell Therapeutics

Who invested in Nutshell Therapeutics?

Nutshell Therapeutics's investors include Decheng Capital, Trustbridge Capital, Tengxun Touzi, Matrix Partners China and Northern Light Venture Capital, and 4 more on record. Decheng Capital led its latest round.

How much has Nutshell Therapeutics raised?

Nutshell Therapeutics has raised $40M across 2 rounds since 2022. One round did not disclose an amount, so the total is a floor.

When did Nutshell Therapeutics last raise?

Nutshell Therapeutics's most recent round was a Series C in Sept 2026, led by Decheng Capital.

What was Nutshell Therapeutics's biggest round?

Nutshell Therapeutics's largest round on record is $40M (Series A), in Mar 2022.

Who backed Nutshell Therapeutics first?

Nutshell Therapeutics's first round on record, in Mar 2022, was backed by Tengxun Touzi, Matrix Partners China and Northern Light Venture Capital and 2 others.

What stage is Nutshell Therapeutics at?

Nutshell Therapeutics's latest named round is a Series C, in Sept 2026.

Where is Nutshell Therapeutics based?

Nutshell Therapeutics is based in China.

Who led Nutshell Therapeutics's rounds?

Decheng Capital led the Series C in 2026.

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