# Corporate VCs backing Healthtech (2026 list)

> 27 corporate VCs backing Healthtech, 78% active in the last 12 months. Led by Google Ventures, Endeavor Catalyst, Z Venture Capital. Ranked by what they funded.

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

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

# Corporate VCs backing Healthtech

Updated 7 November 2026

Corporate VCs we have observed in a healthtech round in the last two years.

[See all 27 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-healthtech)The top 25

**27** investors on the list *+1* this week

**391** cheques in 12 months *-10%* against the market

**$20M** median round they joined *+150%* against the market median

**78%** wrote a cheque in 12 months

**48%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

- 1 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 2 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 3 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen
- 4 [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) *Deploying now* Corporate VC · United States **199** **$25M** median round **Oct 2026** last seen
- 5 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 6 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen
- 7 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 8 [Endeavor](https://millionrounds.com/fund/endeavor) *Deploying now* Corporate VC · United States **106** **$25M** median round **Sept 2026** last seen
- 9 [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) *Deploying now* Corporate VC · India **79** **$2.5M** median round **Nov 2026** last seen
- 10 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen
- 11 [Boehringer Ingelheim Venture Fund](https://millionrounds.com/fund/boehringer-ingelheim-venture-fund) *Deploying now* Corporate VC · Germany **59** **$20M** median round **Sept 2026** last seen
- 12 [Saison Capital](https://millionrounds.com/fund/saison) *Deploying now* Corporate VC · Singapore **57** **$5.8M** median round **Oct 2026** last seen
- 13 [Merck Global Health Innovation Fund](https://millionrounds.com/fund/merck-global-health-innovation-fund) *Deploying now* Corporate VC · United States **53** **$32M** median round **Oct 2026** last seen
- 14 [Kickfund](https://millionrounds.com/fund/kickfund) *Deploying now* Corporate VC · Switzerland **52** **$2.4M** median round **Sept 2026** last seen
- 15 [The Blue Venture Fund](https://millionrounds.com/fund/bluecross-blueshield-venture-partners) *Deploying now* Corporate VC · United States **44** **$23M** median round **Aug 2026** last seen
- 16 [Bertelsmann India Investments](https://millionrounds.com/fund/bertelsmann-india-investments) *Deploying now* Corporate VC · India **17** **$27M** median round **Oct 2026** last seen
- 17 [BNP Paribas Développement](https://millionrounds.com/fund/bnp-paribas-developpement) *Deploying now* Corporate VC · France **11** **$15M** median round **Oct 2026** last seen
- 18 [Intermountain Ventures](https://millionrounds.com/fund/intermountain-ventures) quiet Corporate VC · United States **9** **$36M** median round **Sept 2025** last seen
- 19 [IDB Lab](https://millionrounds.com/fund/idb-lab) *Deploying now* Corporate VC · United States **6** **$11M** median round **Oct 2026** last seen
- 20 [DaVita](https://millionrounds.com/fund/davita) *Deploying now* Corporate VC · United States **3** **$50M** median round **Jul 2026** last seen
- 21 [ResMed](https://millionrounds.com/fund/resmed) *Deploying now* Corporate VC · United States **3** **$22M** median round **Nov 2026** last seen
- 22 [Intuitive](https://millionrounds.com/fund/intuitive) quiet Corporate VC · United States **2** **$71M** median round **Nov 2025** last seen
- 23 [Macmillan Cancer Support](https://millionrounds.com/fund/macmillan-cancer-support) quiet Corporate VC · United Kingdom **2** **$7.5M** median round **Jun 2025** last seen
- 24 [Multiply Group](https://millionrounds.com/fund/2pointzero) *Deploying now* Corporate VC · United Arab Emirates **2** **$503M** median round **Mar 2026** last seen
- 25 [DLF Ltd](https://millionrounds.com/fund/dlf-ltd) quiet Corporate VC · India **1** **$6.6M** median round **May 2025** last seen

**2 more on this list**

All 27 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

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

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank)
- **5** Nov **[altM](https://millionrounds.com/company/altm)** Series A · $10M *Led by* [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha)
- **2** Nov **[Ozlo](https://millionrounds.com/company/ozlo)** Series B · $22M *With* [ResMed](https://millionrounds.com/fund/resmed)
- **29** Oct **[Venttup](https://millionrounds.com/company/venttup)** Pre-seed · $3M *Led by* [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha)
- **29** Oct **[Solink](https://millionrounds.com/company/solink)** Growth · $100M *With* [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures)
- **28** Oct **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · $100M *With* [SE Ventures](https://millionrounds.com/fund/se-ventures)

## Stages This Year

367 rounds

- Series A **21%**
- Seed **19%**
- Series B **13%**
- Venture **10%**
- Series C **8%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **132**
- Fintech **43**
- Biotech **26**
- Healthcare **25**
- Energy **24**
- Big Data & Analytics **22**

## Cheques by Quarter

Led Joined

114 Q1 25

100 Q2 25

121 Q3 25

122 Q4 25

131 Q1 26

100 Q2 26

93 Q3 26

30 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[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 corporate VCs backing Healthtech

### Who are the most active corporate VCs backing Healthtech?

By cheques observed, the most active are Google Ventures, Endeavor Catalyst, Z Venture Capital, Comcast Ventures and M Ventures.

### How many corporate VCs backing Healthtech are there?

27 are on record. 78% made an investment in the last 12 months and 48% have led a round.

### Which stages do corporate VCs backing Healthtech back?

Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Seed (24%).

### How big are the rounds corporate VCs backing Healthtech join?

The typical (median) round among the leading investors here is $22M.

### Which sectors do corporate VCs backing Healthtech back most?

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

### Which corporate VCs backing Healthtech lead the most rounds?

Google Ventures (33 led), Comcast Ventures (8 led) and Bertelsmann India Investments (7 led).

### Where are corporate VCs backing Healthtech based?

Among the most active, most are based in the United States (12), India (3) and Switzerland (2).

### What have corporate VCs backing Healthtech invested in recently?

Recent rounds include Return (Debt, Nov 2026, with Rabobank), altM (Series A, Nov 2026, with Rainmatter by Zerodha) and Ozlo (Series B, Nov 2026, with ResMed).

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