# National Institutes of Health: portfolio, investments and team

> National Institutes of Health is a government based in United States. 387 investments on record, 52 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/national-institutes-of-health (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# National Institutes of Health

Last cheque observed Sep 2026; 387 cheques on record.

Deploying now Government

Grant Seed Contact Management Enterprise Software Biotechnology

Deploying now

**60%** of best year **52** **cheques in 12 months**, 387 on record

Since the last cheque **55** days **00** hrs **00** min **00** sec

Median round **$2.3M** Rounds led **0 of 387** Sole investor **173 rounds** Exits **2 from the portfolio** Mostly in **United States, 98%**

Pitch National Institutes of Health

## National Institutes of Health highlights

- 01 52 cheques in the last 12 months
- 02 Mostly Grant and Venture: 85% of its rounds
- 03 Sole investor in 173 rounds, median $2.0M
- 04 2 exits from the portfolio

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Grant Seed
- **Sectors:** Contact Management Enterprise Software Biotechnology
- **Based in:** Bethesda, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **387 appearances**

- **2026** 43 rounds
- **Sept** **[Partillion Bioscience](https://millionrounds.com/company/partillion-bioscience)** Grant · US **$2.1M** With 3 others
- **Sept** **[Stem Pharm](https://millionrounds.com/company/stem-pharm)** Grant · US **$2.5M** With 2 others
- **Sept** **[HDT Bio](https://millionrounds.com/company/hdt-bio)** Grant · US **$5.2M** With 1 other
- **Sept** **[Rejuvenation Technologies](https://millionrounds.com/company/rejuvenation-technologies)** Venture · US **$2.0M** With 2 others
- **Sept** **[InformAI](https://millionrounds.com/company/informai)** Grant · US **$1.0M** With 3 others
- **Sept** **[Retham Technologies](https://millionrounds.com/company/retham-technologies)** Grant · US **$4.8M** Sole investor
- **Sept** **[Capienda Biotech](https://millionrounds.com/company/capienda-biotech)** Grant · US **$1.4M** With 1 other
- **Sept** **[Perfusio](https://millionrounds.com/company/perfusio)** Grant · US **$75K** With 1 other
- **Sept** **[Clene Nanomedicine](https://millionrounds.com/company/clene-nanomedicine)** US **$4.0M** With 1 other
- **Sept** **[Airway Therapeutics](https://millionrounds.com/company/airway-therapeutics)** Grant · US **$1.9M** With 1 other
- **Aug** **[Astrocyte Pharmaceuticals](https://millionrounds.com/company/astrocyte-pharmaceuticals)** Grant · US **$400K** With 2 others
- **Aug** **[CND Life Sciences](https://millionrounds.com/company/cnd-life-sciences)** Growth · US **$14M** Sole investor
- **Jul** **[Eliaz Therapeutics](https://millionrounds.com/company/eliaz-therapeutics)** Crowdfunding · US **$42K** Sole investor
- **Jul** **[Sapphiros](https://millionrounds.com/company/sapphiros)** Grant · US **$12M** Sole investor
- **Jul** **[Trace Biosciences](https://millionrounds.com/company/trace-biosciences)** Series A · US **$150K** With 1 other
- **Jul** **[Epitel](https://millionrounds.com/company/epitel)** Series B · US **$26M** With 1 other
- **Jun** **[iQure Pharma](https://millionrounds.com/company/iqure-pharma)** Venture · US **Undisclosed** With 1 other
- **Jun** **[POP Biotechnologies](https://millionrounds.com/company/pop-biotechnologies)** Grant · US **$9.7M** With 1 other
- **Jun** **[BiaCure Therapies](https://millionrounds.com/company/biacure-therapies)** Venture · US **Undisclosed** Sole investor
- **Jun** **[eXoZymes](https://millionrounds.com/company/exozymes)** Grant · US **$2.0M** With 2 others
- **Jun** **[Fesarius Therapeutics](https://millionrounds.com/company/fesarius-therapeutics)** Series A · US · Jefferson Life Sciences **$20M** With 6 others
- **May** **[Co-Diagnostics](https://millionrounds.com/company/co-diagnostics)** US **$3.0M** Sole investor
- **May** **[Psilera](https://millionrounds.com/company/psilera)** Seed · US **$8.8M** Sole investor
- **May** **[Quiver Bioscience](https://millionrounds.com/company/quiver-bioscience)** Grant · US **$9.3M** With 1 other
- **May** **[Allyx Therapeutics](https://millionrounds.com/company/allyx-therapeutics)** Series B · US **$27M** With 1 other
- **May** **[Levisonics Inc](https://millionrounds.com/company/levisonics-inc)** Grant · US **$15K** With 1 other
- **May** **[Virtuoso Surgical](https://millionrounds.com/company/virtuoso-surgical)** Venture · US **$2.9M** Sole investor
- **Apr** **[AcuraStem](https://millionrounds.com/company/acurastem)** Grant · US **$7.5M** With 1 other
- **Apr** **[Sparian Biosciences](https://millionrounds.com/company/sparian-biosciences)** Grant · US **$15M** Sole investor
- **Apr** **[LUCID DIAGNOSTICS INC.](https://millionrounds.com/company/lucid-diagnostics-inc)** US **$18M** Sole investor
- **Apr** **[Novel Microdevices](https://millionrounds.com/company/novel-microdevices)** US **$1.0M** With 1 other
- **Apr** **[Transcode Therapeutics](https://millionrounds.com/company/transcode-therapeutics)** Debt · US **$6.0M** With 2 others
- **Mar** **[Myosin Therapeutics](https://millionrounds.com/company/myosin-therapeutics)** Grant · US **$2.0M** With 3 others
- **Mar** **[Amydis](https://millionrounds.com/company/amydis)** Grant · US **$2.5M** With 1 other
- **Mar** **[Homecare Hub](https://millionrounds.com/company/homecare-hub)** Venture · CA **Undisclosed** With 1 other
- **Mar** **[MAIA Biotechnology](https://millionrounds.com/company/maia-biotechnology)** US **$30M** Sole investor
- **Mar** **[Azitra](https://millionrounds.com/company/azitra)** US **$31M** With 3 others
- **Feb** **[BrainCheck](https://millionrounds.com/company/braincheck)** Series A · US · Ventureburn **$13M** With 3 others
- **Feb** **[Index HealthTech, LLC](https://millionrounds.com/company/index-healthtech-llc)** Grant · US **$10K** With 1 other
- **Feb** **[Perspective Therapeutics](https://millionrounds.com/company/perspective-therapeutics)** US **$175M** With 2 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 team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Lift Labs](https://millionrounds.com/company/lift-labs)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Sept 2014

**[Galectin Therapeutics](https://millionrounds.com/company/galectin-therapeutics)** Listed **Undisclosed** Mar 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Grant Seed

Median round joined **$2.3M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 387 rounds **0%**

- **Sole investor:** 173 rounds
- **Last cheque:** Sept 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Grant said *235*
- Venture *65*
- Series A *23*
- Seed said *16*
- Series B *15*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 71
- [MassChallenge](https://millionrounds.com/fund/masschallenge) 18
- [National Institute of Allergy and Infectious Diseases](https://millionrounds.com/fund/national-institute-of-allergy-and-infectious-diseases) 12
- [National Cancer Institute (NCI)](https://millionrounds.com/fund/national-cancer-institute-nci) 11
- [Small Business Innovation Research](https://millionrounds.com/fund/small-business-innovation-research) 10
- [National Institute on Aging](https://millionrounds.com/fund/national-institute-on-aging) 9

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## Who they invest alongside

The investors most often in the same rounds as National Institutes of Health. A count of rooms they were both in, not a relationship either has claimed.

[**National Science Foundation** Government **71** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**MassChallenge** Accelerator **18** rounds together](https://millionrounds.com/fund/masschallenge)[**National Institute of Allergy and Infectious Diseases** Investment firm **12** rounds together](https://millionrounds.com/fund/national-institute-of-allergy-and-infectious-diseases)[**National Cancer Institute (NCI)** Investment firm **11** rounds together](https://millionrounds.com/fund/national-cancer-institute-nci)[**Small Business Innovation Research** Government **10** rounds together](https://millionrounds.com/fund/small-business-innovation-research)[**National Institute on Aging** VC firm **9** rounds together](https://millionrounds.com/fund/national-institute-on-aging)[**TEDCO** VC firm **8** rounds together](https://millionrounds.com/fund/tedco)[**Connecticut Innovations** Government **7** rounds together](https://millionrounds.com/fund/connecticut-innovations)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**MassVentures** VC firm **6** rounds together](https://millionrounds.com/fund/massventures)[**MedTech Innovator** Accelerator **6** rounds together](https://millionrounds.com/fund/medtech-innovator)[**National Heart, Lung and Blood Institute** VC firm **5** rounds together](https://millionrounds.com/fund/national-heart-lung-and-blood-institute)

## Recently backed

The latest companies National Institutes of Health put money into.

[**Partillion Bioscience** $2.1M · Sept 2026](https://millionrounds.com/company/partillion-bioscience)[**HDT Bio** $5.2M · Sept 2026](https://millionrounds.com/company/hdt-bio)[**Rejuvenation Technologies** $2.0M · Sept 2026](https://millionrounds.com/company/rejuvenation-technologies)[**InformAI** $1.0M · Sept 2026](https://millionrounds.com/company/informai)[**Retham Technologies** $4.8M · Sept 2026](https://millionrounds.com/company/retham-technologies)[**Capienda Biotech** $1.4M · Sept 2026](https://millionrounds.com/company/capienda-biotech)

## Mentioned on podcasts

Episodes that name National Institutes of Health in their description, not their title.

- [The a16z Show](https://millionrounds.com/podcasts/a16z) 23 Sept 2025 · 58 min America's Autism Crisis and How AI Can Fix Science with NIH Director Jay Bhattacharya Mentions [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health)[Erik Torenberg](https://millionrounds.com/person/erik-torenberg)[Jorge Conde](https://millionrounds.com/person/jorge-conde) *+1* Apple PodcastsShow page

## Quick answers about National Institutes of Health

### What does National Institutes of Health invest in?

National Institutes of Health invests most often at Grant and Venture (85% of the rounds on record), in sectors such as Contact Management, Enterprise Software and Biotechnology.

### How active is National Institutes of Health?

387 investments on record, 52 of them in the last 12 months. The most recent was in Sept 2026.

### What has National Institutes of Health invested in recently?

Its most recent investments on record: Partillion Bioscience (Grant, Sept 2026), Stem Pharm (Grant, Sept 2026) and HDT Bio (Grant, Sept 2026).

### How big are National Institutes of Health's cheques?

The median round it joins is $2.3M.

### Does National Institutes of Health lead rounds?

Rarely, if at all: none of its 387 investments on record names it as the lead.

### Where does National Institutes of Health invest?

Most of the companies it backs are in the United States (98%).

### Is National Institutes of Health investing now?

Yes: it is actively investing, with 52 investments in the last 12 months.

### Who does National Institutes of Health invest alongside?

Most often National Science Foundation (71 rounds together), MassChallenge (18 rounds together) and National Institute of Allergy and Infectious Diseases (12 rounds together).

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