# Sherpa Healthcare Partners: portfolio, investments and team

> Sherpa Healthcare Partners is a vc firm based in China. 55 investments on record, 11 in the last 12 months, latest Feb 2026.

Source: https://millionrounds.com/fund/sherpa-healthcare-partners (Millionrounds; every figure on the page links to its filing or article)

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

# Sherpa Healthcare Partners

Last cheque observed Feb 2026; 55 cheques on record.

Deploying now VC firm

Pre-seed Seed Series A Therapeutic Lifescience Psychedelics

Deploying now

**58%** of best year **11** **cheques in 12 months**, 55 on record

Since the last cheque **267** days **00** hrs **00** min **00** sec

Median round **$28M** Rounds led **1 of 55** Sole investor **10 rounds** Mostly in **United States, 100%**

Pitch Sherpa Healthcare Partners

## Sherpa Healthcare Partners highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Venture and Series A: 63% of its rounds
- 03 Sole investor in 10 rounds, median $14M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Therapeutic Lifescience Psychedelics
- **Based in:** China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **55 appearances**

- **2026** 5 rounds
- **Feb** **[UniXell Biotechnology](https://millionrounds.com/company/unixell-biotechnology)** Series A **$7.2M** With 2 others
- **Feb** **[Avisi Technologies](https://millionrounds.com/company/avisi-technologies)** Series A · US **$11M** With 3 others
- **Jan** **[PAQ Therapeutics](https://millionrounds.com/company/paq-therapeutics)** Series B · US **$38M** With 2 others
- **Jan** **[Senas Medical](https://millionrounds.com/company/senas-medical)** Series A **$14M** With 1 other
- **Jan** **[Alamar Biosciences](https://millionrounds.com/company/alamar-biosciences)** US **$50M** With 4 others
- **2025** 19 rounds
- **Dec** **[MAXVAX](https://millionrounds.com/company/maxvax)** Venture **Undisclosed** With 4 others
- **Dec** **[Nanovision Technology](https://millionrounds.com/company/nanovision-technology)** Venture **Undisclosed** With 3 others
- **Dec** **[Huihe Healthcare](https://millionrounds.com/company/huihe-healthcare)** Venture **Undisclosed** With 2 others
- **Dec** **[Link Cell Therapies](https://millionrounds.com/company/link-cell-therapies)** Series A · US **$60M** With 2 others
- **Nov** **[Agile Medical](https://millionrounds.com/company/agile-medical)** Venture **Undisclosed** With 2 others
- **Nov** **[Brise Pharma](https://millionrounds.com/company/brise-pharma)** Series A **$28M** With 1 other
- **Oct** **[GRIT Biotechnology](https://millionrounds.com/company/grit-biotechnology)** Series C **$84M** With 2 others
- **Oct** **[Starna Therapeutics](https://millionrounds.com/company/starna-therapeutics)** Series B **$42M** With 3 others
- **Sept** **[AusperBio](https://millionrounds.com/company/ausperbio)** Series B · US **$63M** With 2 others
- **Aug** **[Changjin Biotechnology](https://millionrounds.com/company/changjin-biotechnology)** Venture **Undisclosed** With 2 others
- **Jul** **[Leto Laboratories](https://millionrounds.com/company/leto-laboratories)** Venture **Undisclosed** Sole investor
- **Jun** **[Archimedes Vascular](https://millionrounds.com/company/archimedes-vascular)** Series A · US **$2.2M** Sole investor
- **Mar** **[Danking Pharmaceuticals](https://millionrounds.com/company/danking-pharmaceuticals)** Seed **$21M** With 1 other
- **Mar** **[Shenji Bio](https://millionrounds.com/company/shenji-bio)** Venture **Undisclosed** Sole investor
- **Feb** **[New Vision Medical](https://millionrounds.com/company/new-vision-medical)** Venture **Undisclosed** With 2 others
- **Feb** **[Hexaell Biotech](https://millionrounds.com/company/hexaell-biotech)** Series B **$27M** Sole investor
- **Jan** **[Kunwei Technology](https://millionrounds.com/company/kunwei-technology)** Venture **Undisclosed** With 2 others
- **Jan** **[Alebund Pharmaceuticals](https://millionrounds.com/company/alebund-pharmaceuticals)** Series C **$75M** With 2 others
- **Jan** **[Immunochina](https://millionrounds.com/company/immunochina)** Venture **Undisclosed** With 2 others
- **2024** 5 rounds
- **Jul** **[Wag](https://millionrounds.com/company/wag)** US **$10M** With 5 others
- **May** **[XISOFT](https://millionrounds.com/company/xisoft)** Venture **Undisclosed** With 3 others
- **Apr** **[Cataya Bio](https://millionrounds.com/company/cataya-bio)** Venture **Undisclosed** With 3 others
- **Mar** **[Brattea](https://millionrounds.com/company/brattea)** Venture **Undisclosed** With 1 other
- **Jan** **[ZWI Therapeutics, Inc.](https://millionrounds.com/company/zwi-therapeutics-inc)** Series A · US **$10M** Sole investor
- **2023** 5 rounds
- **Nov** **[KeChow Pharma](https://millionrounds.com/company/kechow-pharma)** Venture **Undisclosed** With 1 other
- **Oct** **[Lifeshield Medical](https://millionrounds.com/company/lifeshield-medical)** Venture **$14M** Sole investor
- **Jul** **[MindRank AI](https://millionrounds.com/company/mindrank-ai)** Series A **$23M** With 2 others
- **May** **[Hongyun Biotech](https://millionrounds.com/company/hongyun-biotech)** Series B **$14M** With 1 other
- **Jan** **[BlissBio](https://millionrounds.com/company/blissbio)** Series B **$15M** With 2 others
- **2022** 8 rounds
- **Oct** **[CashBackApp](https://millionrounds.com/company/cashbackapp)** Pre-seed **$50K** With 3 others
- **Sept** **[Insight Lifetech](https://millionrounds.com/company/insight-lifetech)** Venture **Undisclosed** With 2 others
- **Sept** **[Neukio Biotherapeutics](https://millionrounds.com/company/neukio-biotherapeutics)** Series A **$50M** With 2 others
- **Jun** **[Raykol](https://millionrounds.com/company/raykol)** Series A **$15M** Sole investor
- **Jun** **[Yuanyin Bio](https://millionrounds.com/company/yuanyin-bio)** Series A **$42M** With 1 other
- **May** **[HuidaGene Therapeutics](https://millionrounds.com/company/huidagene-therapeutics)** Venture **Undisclosed** 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.

Who backs their funds

## 1 LP on record in Sherpa Healthcare Partners's funds

- **Committed:** $200M
- **Funds:** 3
- **Vintages:** 2019 to 2021

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Sept 2025.

- [**Oregon Public Employees Retirement Fund** 3 funds *$200M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed Sherpa Healthcare Fund II 2021 $75M Sherpa Healthcare Co-Investment Fund 2020 $75M Sherpa Healthcare Fund I 2019 $50M

## The cheque

Pre-seed Seed Series A

Median round joined **$28M** the round, not its cheque Alone, median **$14M**

Led 1 of 55 rounds **2%**

- **Sole investor:** 10 rounds
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Venture *17*
- Series A said *15*
- Series B said *12*
- Series C *4*
- Seed said *3*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [HSG](https://millionrounds.com/fund/hsg) 8
- [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 8
- [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) 7
- [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) 5
- [CDH Investments](https://millionrounds.com/fund/cdh-investments) 4
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 4

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## Who they invest alongside

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

[**HSG** VC firm **8** rounds together](https://millionrounds.com/fund/hsg)[**Qiming Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**Hill House Capital** Family office **7** rounds together](https://millionrounds.com/fund/hill-house-capital)[**Lilly Asia Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/lilly-asia-ventures)[**CDH Investments** Private equity **4** rounds together](https://millionrounds.com/fund/cdh-investments)[**IDG Capital** Private equity **4** rounds together](https://millionrounds.com/fund/idg-capital)[**Legend Capital** VC firm **4** rounds together](https://millionrounds.com/fund/legend-capital)[**Eight Roads Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/eight-roads)[**Huagai Capital** Private equity **3** rounds together](https://millionrounds.com/fund/huagai-capital)[**Northern Light Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/nlvc)[**Source Code Capital** VC firm **3** rounds together](https://millionrounds.com/fund/source-code-capital)[**Cormorant Asset Management** Private equity **2** rounds together](https://millionrounds.com/fund/cormorant-asset-management)

## Recently backed

The latest companies Sherpa Healthcare Partners put money into.

[**UniXell Biotechnology** $7.2M · Feb 2026](https://millionrounds.com/company/unixell-biotechnology)[**Avisi Technologies** $11M · Feb 2026](https://millionrounds.com/company/avisi-technologies)[**PAQ Therapeutics** $38M · Jan 2026](https://millionrounds.com/company/paq-therapeutics)[**Alamar Biosciences** $50M · Jan 2026](https://millionrounds.com/company/alamar-biosciences)[**Link Cell Therapies** $60M · Dec 2025](https://millionrounds.com/company/link-cell-therapies)[**Agile Medical** Nov 2025](https://millionrounds.com/company/agile-medical)

## Quick answers about Sherpa Healthcare Partners

### What does Sherpa Healthcare Partners invest in?

Sherpa Healthcare Partners invests most often at Venture and Series A (63% of the rounds on record), in sectors such as Therapeutic, Lifescience and Psychedelics.

### How active is Sherpa Healthcare Partners?

55 investments on record, 11 of them in the last 12 months, and it led 1. The most recent was in Feb 2026.

### What has Sherpa Healthcare Partners invested in recently?

Its most recent investments on record: UniXell Biotechnology (Series A, Feb 2026), Avisi Technologies (Series A, Feb 2026) and PAQ Therapeutics (Series B, Jan 2026).

### How big are Sherpa Healthcare Partners's cheques?

The median round it joins is $28M.

### Does Sherpa Healthcare Partners lead rounds?

Sometimes: it led 1 of its 55 investments on record (2%).

### Where does Sherpa Healthcare Partners invest?

Most of the companies it backs are in the United States (100%).

### Is Sherpa Healthcare Partners investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Sherpa Healthcare Partners invest alongside?

Most often HSG (8 rounds together), Qiming Venture Partners (8 rounds together) and Hill House Capital (7 rounds together).

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