# ShangBay Capital: portfolio, investments and team > ShangBay Capital is a vc firm based in United States. 12 investments on record, 1 in the last 12 months, latest Apr 2026. Source: https://millionrounds.com/fund/shangbay-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # ShangBay Capital Last cheque observed Apr 2026; 12 cheques on record. Email VC firm Deploying now Last fund $25M, Jan 2022 Pre-seed Seed Series A Therapy Proteomics Ivd Follow ShangBay Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fshangbay-capital) Deploying now **50%** of best year **1** **cheques in 12 months**, 12 on record Since the last cheque **192** days **00** hrs **00** min **00** sec Median round **$18M** Cheque size, as they say **$100K – $1.0M** Rounds led **0 of 12** Sole investor **1 rounds** Mostly in **United States, 100%** Pitch ShangBay Capital ## ShangBay Capital highlights - 01 1 cheques in the last 12 months - 02 Mostly Series B and Series D: 90% of its rounds - 03 Sole investor in 1 rounds, median $6.3M ## What they do > ShangBay Capital is a leading venture capital firm based in the heart of innovation. We bring our investors access to best-in-class investments within the medical device, biotechnology, and healthcare technology sectors through venture equity participation. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $100K – $1.0M as they say - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** Therapy Proteomics Ivd - **Based in:** Palo Alto, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **12 appearances** - **2026** 1 round - **Apr** **[Nervonik Inc.](https://millionrounds.com/company/nervonik-inc)** Series B · US · Ventureburn **$53M** With 6 others - **2025** 1 round - **Aug** **[SetPoint Medical](https://millionrounds.com/company/setpoint-medical)** Series D · US · Elevage Medical Technologies **$140M** With 17 others - **2023** 1 round - **Apr** **[Noah Medical](https://millionrounds.com/company/noah-medical)** Series B · US · Firms' own news pages **$150M** With 12 others - **2019** 5 rounds - **Oct** **[Meditrina](https://millionrounds.com/company/meditrina)** US · FinSMEs **$13M** With 1 other - **Aug** **[Lucira Health](https://millionrounds.com/company/lucira-health)** Series B · US · FinSMEs **$15M** With 5 others - **Jun** **[Corinth](https://millionrounds.com/company/corinth)** Series D · US · FinSMEs **$12M** With 1 other - **May** **[Atia Vision](https://millionrounds.com/company/atia-vision)** Series D · US · FinSMEs **$20M** With 3 others - **Apr** **[Tioga](https://millionrounds.com/company/tioga)** Series A · US · FinSMEs **$15M** With 3 others - **2018** 4 rounds - **Oct** **[Berkeley Lights](https://millionrounds.com/company/berkeley-lights)** US · FinSMEs **$95M** With 9 others - **May** **[NeuroVasc](https://millionrounds.com/company/neurovasc)** Series B · US · FinSMEs **$6.3M** Sole investor - **May** **[Refuge Biotechnologies](https://millionrounds.com/company/refuge-biotechnologies)** Series B · US · FinSMEs **$25M** With 9 others - **Apr** **[Emboline](https://millionrounds.com/company/emboline)** Series B · US · FinSMEs **$10M** With 1 other 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 Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** WD **William Dai** Executive Officer, Director i Filing they signed We also hold **12** 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. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$262M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Shangbay Capital Management Company, LLC - **SEC number:** CRD 312767 Latest fund on file **$25M** raised in Jan 2022 From its SEC filing. Nothing newer is on file yet. ## The cheque Pre-seed Seed Series A Median round joined **$18M** the round, not its cheque Alone, median **$6.3M** Led 0 of 12 rounds **0%** - **Said size:** $100K – $1.0M - **Sole investor:** 1 rounds - **Last cheque:** Apr 2026 Rounds by stage said on their site - Series B said *6* - Series D *3* - Series A said *1* - Pre-seed said *-* - Seed said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Aethan Capital](https://millionrounds.com/fund/aethan-capital) 2 - [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) 2 - [HSG](https://millionrounds.com/fund/hsg) 2 - [The Capital Partnership](https://millionrounds.com/fund/the-capital-partnership) 2 **Pitching ShangBay Capital?** 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 ShangBay Capital. A count of rooms they were both in, not a relationship either has claimed. [**Aethan Capital** VC firm **2** rounds together](https://millionrounds.com/fund/aethan-capital)[**Elevage Medical Technologies** VC firm **2** rounds together](https://millionrounds.com/fund/elevage-medical-technologies)[**HSG** VC firm **2** rounds together](https://millionrounds.com/fund/hsg)[**The Capital Partnership** VC firm **2** rounds together](https://millionrounds.com/fund/the-capital-partnership) ## Recently backed The latest companies ShangBay Capital put money into. [**Nervonik Inc.** $53M · Apr 2026](https://millionrounds.com/company/nervonik-inc)[**SetPoint Medical** $140M · Aug 2025](https://millionrounds.com/company/setpoint-medical)[**Noah Medical** $150M · Apr 2023](https://millionrounds.com/company/noah-medical)[**Meditrina** $13M · Oct 2019](https://millionrounds.com/company/meditrina)[**Lucira Health** $15M · Aug 2019](https://millionrounds.com/company/lucira-health)[**Atia Vision** $20M · May 2019](https://millionrounds.com/company/atia-vision) ## Quick answers about ShangBay Capital ### What does ShangBay Capital invest in? ShangBay Capital invests most often at Series B and Series D (90% of the rounds on record), in sectors such as Therapy, Proteomics and Ivd. ### How active is ShangBay Capital? 12 investments on record, 1 of them in the last 12 months. The most recent was in Apr 2026. ### What has ShangBay Capital invested in recently? Its most recent investments on record: Nervonik Inc. (Series B, Apr 2026), SetPoint Medical (Series D, Aug 2025) and Noah Medical (Series B, Apr 2023). ### How big are ShangBay Capital's cheques? The median round it joins is $18M. It says it writes cheques of $100K to $1.0M. ### Does ShangBay Capital lead rounds? Rarely, if at all: none of its 12 investments on record names it as the lead. ### Where does ShangBay Capital invest? Most of the companies it backs are in the United States (100%). ### Is ShangBay Capital investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does ShangBay Capital invest alongside? Most often Aethan Capital (2 rounds together), Elevage Medical Technologies (2 rounds together) and HSG (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. 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