# Biotech investors (2026 list)

> 1,813 biotech investors, 88% active in the last 12 months. Led by Y Combinator, Techstars, 500 Global. Ranked by what they funded.

Source: https://millionrounds.com/lists/biotech-investors (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Biotech investors

Updated 26 October 2026

Firms observed backing a biotech company in the last two years, taken from what they funded rather than from what their website says they like.

[See all 1,813 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors)The top 25

**1,813** investors on the list *+95* this week

**22,937** cheques in 12 months *-6%* against the market

**$14M** median round they joined *+73%* against the market median

**88%** wrote a cheque in 12 months

**45%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,397** **$3M** median round **Oct 2026** last seen
- 2 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,987** **$1.2M** median round **Oct 2026** last seen
- 3 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 4 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,088** **$34M** median round **Oct 2026** last seen
- 5 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) *Deploying now* Government · United States **1,869** **$926K** median round **Sept 2026** last seen
- 6 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,649** **$26M** median round **Oct 2026** last seen
- 7 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen
- 8 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,595** **$11M** median round **Oct 2026** last seen
- 9 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,557** **$5M** median round **Oct 2026** last seen
- 10 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,374** **$26M** median round **Oct 2026** last seen
- 11 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,344** **$19M** median round **Oct 2026** last seen
- 12 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,336** **$34M** median round **Oct 2026** last seen
- 13 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) *Deploying now* VC firm · United States **1,334** **$35M** median round **Oct 2026** last seen
- 14 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 15 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,123** **$26M** median round **Oct 2026** last seen
- 16 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,120** **$15M** median round **Oct 2026** last seen
- 17 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,032** **$29M** median round **Oct 2026** last seen
- 18 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,025** **$31M** median round **Oct 2026** last seen
- 19 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen
- 20 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen
- 21 [SOSV](https://millionrounds.com/fund/sosv) *Deploying now* VC firm · United States **950** **$2.5M** median round **Oct 2026** last seen
- 22 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **883** **$37M** median round **Oct 2026** last seen
- 23 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 24 [Kima Ventures](https://millionrounds.com/fund/kima-ventures) *Deploying now* VC firm · France **858** **$4.2M** median round **Oct 2026** last seen
- 25 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **848** **$11M** median round **Oct 2026** last seen

**1,788 more on this list**

Login free to see all 1,813, filter by stage, sector and market, and keep the ones that fit.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fbiotech-investors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **26** Oct **[Ailytics](https://millionrounds.com/company/ailytics)** Series A · $7.4M *With* [Seeds Capital](https://millionrounds.com/fund/seeds-capital)
- **26** Oct **[SpaceX](https://millionrounds.com/company/spacex)** Debt · $40B *Led by* [Apollo](https://millionrounds.com/fund/apollo-global-management)
- **25** Oct **[Biomee](https://millionrounds.com/company/biomee)** Series B *With* [Scale Up Partners](https://millionrounds.com/fund/scale-up-partners)
- **25** Oct **[Freedom](https://millionrounds.com/company/freedom)** Round *Led by* [Bossa Invest](https://millionrounds.com/fund/bossa-invest)
- **25** Oct **[Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics)** Other · $120M *With* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **24** Oct **[Roboze](https://millionrounds.com/company/roboze)** Series A · $10M *With* [Club degli Investitori](https://millionrounds.com/fund/club-degli-investitori)

## Stages This Year

10,194 rounds

- Venture **22%**
- Seed **21%**
- Series A **15%**
- Pre-seed **9%**
- Series B **7%**
- Other **27%**

## What They Backed

Sectors, last 12 months

- AI **3,342**
- Biotech **969**
- Healthcare **707**
- Big Data & Analytics **462**
- Fintech **447**
- Energy **405**

## Cheques by Quarter

Led Joined

5,989 Q1 25

6,048 Q2 25

6,649 Q3 25

7,232 Q4 25

6,817 Q1 26

5,804 Q2 26

4,732 Q3 26

896 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors 6,593](https://millionrounds.com/lists/ai-investors)
- [Fintech investors 2,898](https://millionrounds.com/lists/fintech-investors)
- [Big Data & Analytics investors 1,880](https://millionrounds.com/lists/big-data-investors)
- [Energy investors 1,659](https://millionrounds.com/lists/energy-investors)
- [Robotics investors 1,561](https://millionrounds.com/lists/robotics-investors)
- [Construction investors 1,548](https://millionrounds.com/lists/construction-investors)
- [Cybersecurity investors 1,333](https://millionrounds.com/lists/cybersecurity-investors)
- [Manufacturing investors 1,306](https://millionrounds.com/lists/manufacturing-investors)
- [Hardware & Electronics investors 1,283](https://millionrounds.com/lists/hardware-investors)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in health and biotech

- The Innovator's Prescription: A Disruptive Solution for Health Care Clayton M. Christensen · 2008 4.21 from 1,158 ratings on Goodreads Health and biotech Innovation Moats and competition About the book A groundbreaking prescription for health care reform--from a legendary leader in innovation... Our health care system is in critical condition. Each year, fewer Americans can afford it, fewer businesses can provide it, and fewer government programs can promise it for future… On AmazonListen on Audible
- Where Does It Hurt?: An Entrepreneur's Guide to Fixing Health Care Jonathan Bush · 2014 3.78 from 598 ratings on Goodreads Health and biotech Company building Innovation About the book A bold new remedy for the sprawling and wasteful health care industry Where else but the doctor’s office do you have to fill out a form on a clipboard? Have you noticed that hospital bills are almost unintelligible, except for the absurdly high dollar amount? Why is it that… On AmazonListen on Audible
- Ashes to Ashes: America's Hundred-Year Cigarette War, the Public Health, and the Unabashed Triumph of Philip Morris Richard Kluger · 1997 3.94 from 306 ratings on Goodreads Health and biotech Company building About the book Ashes to Ashes is a monumental history of the American tobacco industry’s ironic success in developing the cigarette, modern society’s most widespread instrument of self-destruction, into the nation’s most profitable consumer product. Starting with its energized, work-obsessed… On AmazonListen on Audible
- The Kelloggs: The Battling Brothers of Battle Creek Howard Markel · 2017 3.87 from 969 ratings on Goodreads Health and biotech Company building About the book "What's more American than Corn Flakes?" --Bing Crosby From the much admired medical historian ("Markel shows just how compelling the medical history can be"--Andrea Barrett) and author of An Anatomy of Addiction ("Absorbing, vivid"--Sherwin Nuland, The New York Times Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=health).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about biotech investors

### Who are the most active biotech investors?

By cheques observed, the most active are Y Combinator, Techstars, 500 Global, Sequoia Capital and National Science Foundation.

### How many biotech investors are there?

1,813 are on record. 88% made an investment in the last 12 months and 45% have led a round.

### Which stages do biotech investors back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (21%).

### How big are the rounds biotech investors join?

The typical (median) round among the leading investors here is $11M.

### Which sectors do biotech investors back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which biotech investors lead the most rounds?

Andreessen Horowitz (110 led), Accel (102 led) and General Catalyst (90 led).

### Where are biotech investors based?

Most of the leading investors here are based in the United States (21 of the top 25); the rest in France and the United Kingdom.

### What have biotech investors invested in recently?

Recent rounds include Ailytics (Series A, Oct 2026, with Seeds Capital), SpaceX (Debt, Oct 2026, with Apollo) and Biomee (Series B, Oct 2026, with Scale Up Partners).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)