# Zai Lab funding: rounds and investors > Zai Lab has raised $310M across 3 rounds since 2014. Investors include TCG Crossover, Sequoia Capital and Kleiner Perkins Caufield & Byers. Source: https://millionrounds.com/company/zai-lab (Millionrounds; every figure on the page links to its filing or article) China · [Funded startup](https://millionrounds.com/companies) # 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. Biotech Healthcare Raised this month Funding summary Updated 26 Oct 2026 **$310M** raised across 3 rounds since 2014, from 3 sources **$30M** Series A **$30M** Series C **$250M** Round - **Latest round:** Round, $250M Oct 2026 - **Led by:** TCG Crossover - **Step-up i:** 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. 2014 2016 2018 2020 2022 2024 2026 **$30M** Series A **$30M** Series C **$250M** Round - **First round:** Series A, $30M - **Biggest round:** $250M - **Usual gap between rounds:** 9.3 years ## The rounds - **Oct 2026** Round **$250M** *11 new* [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) Lead [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) [Balyasny Asset Management L.p.](https://millionrounds.com/fund/balyasny-asset-management-2) [Woodline Partners](https://millionrounds.com/fund/woodline-partners) [ADAR1 Capital Management](https://millionrounds.com/fund/adar1-capital-management) [Sirenia Capital Management](https://millionrounds.com/fund/sirenia-capital-management) [abrdn World Healthcare Fund](https://millionrounds.com/fund/abrdn-world-healthcare-fund) Reported by Pulse 2.0 - **Jun 2017** Series C **$30M** *3 new* [Cormorant Capital](https://millionrounds.com/fund/cormorant-capital) OrbiMed/ Vivo Rock Springs Reported by FinSMEs - **Aug 2014** Series A **$30M** *7 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [KPCB Holdings](https://millionrounds.com/fund/kpcb-holdings) [TF Capital](https://millionrounds.com/fund/tf-capital) Aiming Venture Partners Qiming You 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. **Series A** 2014 **Series C** 2017 **Round** 2026 [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [KPCB Holdings](https://millionrounds.com/fund/kpcb-holdings) [Cormorant Capital](https://millionrounds.com/fund/cormorant-capital) ## Everyone who backed them [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) VC firm **1** round, led 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) VC firm **1** round [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **1** round [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **1** round [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Growth equity **1** round [KPCB Holdings](https://millionrounds.com/fund/kpcb-holdings) Investment firm **1** round [Cormorant Capital](https://millionrounds.com/fund/cormorant-capital) VC firm **1** round [Frazier Life Sciences](https://millionrounds.com/fund/frazier-life-sciences) VC firm **1** round [Balyasny Asset Management L.p.](https://millionrounds.com/fund/balyasny-asset-management-2) Private equity **1** round [TF Capital](https://millionrounds.com/fund/tf-capital) VC firm **1** round [Woodline Partners](https://millionrounds.com/fund/woodline-partners) Private equity **1** round [abrdn World Healthcare Fund](https://millionrounds.com/fund/abrdn-world-healthcare-fund) Investment firm **1** round [ADAR1 Capital Management](https://millionrounds.com/fund/adar1-capital-management) Investment firm **1** round [Sirenia Capital Management](https://millionrounds.com/fund/sirenia-capital-management) Investment firm **1** round Aiming Venture Partners no record of our own yet **1** round OrbiMed/ Vivo no record of our own yet **1** round Qiming You no record of our own yet **1** round Rock Springs 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=zai-lab). ## 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 Capital](https://millionrounds.com/fund/vivo-capital) Private equity Per 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. ## Companies like Zai Lab 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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app