# HBM Healthcare Investments: portfolio, investments and team > HBM Healthcare Investments is a vc firm. 9 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/hbm-healthcare-investments (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # HBM Healthcare Investments Last cheque observed Oct 2026; 9 cheques on record. Email VC firm Deploying now Series B Series C Series D Biotechnology Health Care Medical Follow HBM Healthcare Investments and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fhbm-healthcare-investments) Deploying now **100%** of best year **3** **cheques in 12 months**, 9 on record Since the last cheque **7** days **00** hrs **00** min **00** sec Median round **$71M** Rounds led **1 of 9** Sole investor **2 rounds** Mostly in **United States, 88%** Pitch HBM Healthcare Investments ## HBM Healthcare Investments highlights - 01 3 cheques in the last 12 months - 02 Mostly Series B and Series C: 67% of its rounds - 03 Sole investor in 2 rounds, median $29M ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Biotechnology Health Care Medical - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **9 appearances** - **2026** 3 rounds - **Oct** **[Dren Bio](https://millionrounds.com/company/dren-bio)** US · Wowtale **$350M** With 13 others - **Jul** **[Crystalys Therapeutics](https://millionrounds.com/company/crystalys-therapeutics)** Series B · Frazier Life Sciences **$130M** With 10 others - **Jul** **[FORE Biotherapeutics](https://millionrounds.com/company/fore-biotherapeutics)** Series D · US · Ventureburn **$67M** With 15 others - **2020** 1 round - **Dec** **[Nuance Pharma](https://millionrounds.com/company/nuance-pharma)** Series D · CN · Firms' own news pages **$181M** With 5 others - **2019** 1 round - **Jun** **[Viela Bio](https://millionrounds.com/company/viela-bio)** Series B · US · FinSMEs **$75M** *Led* - **2017** 2 rounds - **Oct** **[YmAbs](https://millionrounds.com/company/ymabs)** US · FinSMEs **$50M** Sole investor - **Oct** **[BaseHealth](https://millionrounds.com/company/basehealth)** US · FinSMEs **$8.5M** Sole investor - **2016** 1 round - **Aug** **[Iconic Therapeutics](https://millionrounds.com/company/iconic-therapeutics)** Series C · US · FinSMEs **$10M** With 2 others - **Undated** 1 round - **-** **[Genalyte, Inc.](https://millionrounds.com/company/genalyte-inc)** Series C · US · Firms' own news pages **Undisclosed** With 7 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The cheque Series B Series C Series D Median round joined **$71M** the round, not its cheque Alone, median **$29M** Led 1 of 9 rounds **11%** - **Sole investor:** 2 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series B *2* - Series C *2* - Series D *2* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) 4 - [SR One](https://millionrounds.com/fund/sr-one) 3 - [OrbiMed](https://millionrounds.com/fund/orbimed) 2 - [Wellington Management](https://millionrounds.com/fund/wellington-management) 2 **Pitching HBM Healthcare Investments?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as HBM Healthcare Investments. A count of rooms they were both in, not a relationship either has claimed. [**Cormorant Asset Management** Private equity **4** rounds together](https://millionrounds.com/fund/cormorant-asset-management)[**SR One** Corporate VC **3** rounds together](https://millionrounds.com/fund/sr-one)[**OrbiMed** Private equity **2** rounds together](https://millionrounds.com/fund/orbimed)[**Wellington Management** VC firm **2** rounds together](https://millionrounds.com/fund/wellington-management) ## Recently backed The latest companies HBM Healthcare Investments put money into. [**Dren Bio** $350M · Oct 2026](https://millionrounds.com/company/dren-bio)[**FORE Biotherapeutics** $67M · Jul 2026](https://millionrounds.com/company/fore-biotherapeutics)[**Nuance Pharma** $181M · Dec 2020](https://millionrounds.com/company/nuance-pharma)[**Genalyte, Inc.**](https://millionrounds.com/company/genalyte-inc) ## Quick answers about HBM Healthcare Investments ### What does HBM Healthcare Investments invest in? HBM Healthcare Investments invests most often at Series B and Series C (67% of the rounds on record), in sectors such as Biotechnology, Health Care and Medical. ### How active is HBM Healthcare Investments? 9 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Oct 2026. ### What has HBM Healthcare Investments invested in recently? Its most recent investments on record: Dren Bio (Undisclosed round, Oct 2026), Crystalys Therapeutics (Series B, Jul 2026) and FORE Biotherapeutics (Series D, Jul 2026). ### How big are HBM Healthcare Investments's cheques? The median round it joins is $71M. ### Does HBM Healthcare Investments lead rounds? Sometimes: it led 1 of its 9 investments on record (11%). ### Where does HBM Healthcare Investments invest? Most of the companies it backs are in the United States (88%) and China (13%). ### Is HBM Healthcare Investments investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### Who does HBM Healthcare Investments invest alongside? Most often Cormorant Asset Management (4 rounds together), SR One (3 rounds together) and OrbiMed (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=hbm-healthcare-investments) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=hbm-healthcare-investments)