China · Funded startup

Who invested in Zai Lab

3 rounds we have observed, with the 21 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.

BiotechHealthcare

Raised this month

Funding summaryUpdated 26 Oct 2026

$310Mraised across 3 rounds since 2014, from 3 sources

$30MSeries A$30MSeries C$250MRound
Latest round
Round, $250MOct 2026
Led by
TCG Crossover
Step-upi
8.3×
Investors
21 (1 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.

2014201620182020202220242026
$30MSeries A$30MSeries C$250MRound
First round
Series A, $30M
Aug 2014
Biggest round
$250M
Round · Oct 2026
Usual gap between rounds
9.3 years
the median of 2

The rounds

  1. Oct 2026
  2. Jun 2017
    Series C$30M3 new

    Reported by FinSMEs

  3. Aug 2014
    Series A$30M7 new

    From a historical funding record

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

TCG CrossoverVC firm1round, led 1
Sequoia CapitalVC firm1round
RA Capital ManagementPrivate equity1round
Cormorant Asset ManagementPrivate equity1round
RTW Investments LLCGrowth equity1round
KPCB HoldingsInvestment firm1round
Cormorant CapitalVC firm1round
Balyasny Asset Management L.p.Private equity1round
TF CapitalVC firm1round
Woodline PartnersPrivate equity1round
abrdn World Healthcare FundInvestment firm1round
ADAR1 Capital ManagementInvestment firm1round
Sirenia Capital ManagementInvestment firm1round
Aiming Venture Partnersno record of our own yet1round
OrbiMed/ Vivono record of our own yet1round
Qiming Youno record of our own yet1round
Rock Springsno record of our own yet1round

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

Also claim to have backed them

This firm lists Zai Lab as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Vivo CapitalPrivate equityPer its own site

Quick answers about Zai Lab

Who invested in Zai Lab?

Zai Lab's investors include TCG Crossover, Sequoia Capital, Kleiner Perkins Caufield & Byers, Qiming Venture Partners and RA Capital Management, and 16 more on record. TCG Crossover led its latest round.

How much has Zai Lab raised?

Zai Lab has raised $310M across 3 rounds since 2014.

When did Zai Lab last raise?

Zai Lab's most recent round was an Undisclosed round of $250M in Oct 2026, led by TCG Crossover.

What was Zai Lab's biggest round?

Its most recent round, $250M in Oct 2026, is also its largest on record.

Who backed Zai Lab first?

Zai Lab's first round on record, in Aug 2014, was backed by Sequoia Capital, Kleiner Perkins Caufield & Byers and Qiming Venture Partners and 4 others.

What stage is Zai Lab at?

Zai Lab's latest named round is an Undisclosed round, in Oct 2026.

Where is Zai Lab based?

Zai Lab is based in China.

Who led Zai Lab's rounds?

TCG Crossover led the Undisclosed round in 2026.

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