# Family offices backing Biotech (2026 list) > 23 family offices backing Biotech, 96% active in the last 12 months. Led by Hill House Capital, Thrive Capital, Real Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/family-offices-biotech (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Family offices backing Biotech Updated 7 November 2026 Family offices we have observed in a biotech round in the last two years. [See all 23 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ffamily-offices-biotech)The top 23 **23** investors on the list *+2* this week **153** cheques in 12 months *+11%* against the market **$25M** median round they joined *+213%* against the market median **96%** wrote a cheque in 12 months **52%** have led a round ## The Top 23 Ordered by cheques observed, never by anything anyone paid for Deploying now (22) - 1 [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) *Deploying now* Family office · Singapore **248** **$60M** median round **Sept 2026** last seen - 2 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen - 3 [Real Ventures](https://millionrounds.com/fund/real-ventures-2) *Deploying now* Family office · Brazil **210** **$5M** median round **Oct 2026** last seen - 4 [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) *Deploying now* Family office · United States **118** **$7M** median round **Jul 2026** last seen - 5 [Declaration Partners](https://millionrounds.com/fund/declaration-partners) *Deploying now* Family office · United States **90** **$25M** median round **Oct 2026** last seen - 6 [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) *Deploying now* Family office · United States **86** **$14M** median round **May 2026** last seen - 7 [Elkstone Capital Partners](https://millionrounds.com/fund/elkstone-capital-partners) *Deploying now* Family office · Ireland **57** **$4M** median round **Sept 2026** last seen - 8 [Evolem](https://millionrounds.com/fund/evolem) *Deploying now* Family office · France **49** **$4.3M** median round **Sept 2026** last seen - 9 [Farvatn Venture](https://millionrounds.com/fund/farvatn-venture) *Deploying now* Family office · United States **32** **$2.8M** median round **Jun 2026** last seen - 10 [Emerson Collective](https://millionrounds.com/fund/emerson-collective) *Deploying now* Family office · United States **27** **$62M** median round **Oct 2026** last seen - 11 [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) *Deploying now* Family office · United States **11** **$65M** median round **Oct 2026** last seen - 12 [Kibo Invest](https://millionrounds.com/fund/kibo-invest) *Deploying now* Family office · Singapore **11** **$13M** median round **Oct 2026** last seen - 13 [Jefferson Life Sciences](https://millionrounds.com/fund/jefferson-life-sciences) *Deploying now* Family office **5** **$65M** median round **Oct 2026** last seen - 14 [Navus Ventures](https://millionrounds.com/fund/navus-ventures) *Deploying now* Family office · Netherlands **5** **$8.8M** median round **Apr 2026** last seen - 15 [Korys](https://millionrounds.com/fund/korys) *Deploying now* Family office · Belgium **4** **$53M** median round **Jun 2026** last seen - 16 [Domino Ventures](https://millionrounds.com/fund/domino-ventures-2) *Deploying now* Family office · United States **2** **$1.1M** median round **Oct 2026** last seen - 17 [Standard](https://millionrounds.com/fund/standard-2) *Deploying now* Family office · France **2** **$283M** median round **Oct 2026** last seen - 18 [Stephen Industries](https://millionrounds.com/fund/stephen-industries) *Deploying now* Family office · Finland **2** **$31M** median round **Sept 2026** last seen - 19 [Pennant Investors](https://millionrounds.com/fund/pennant-investors) quiet Family office · United States **2** **$143M** median round **Sept 2025** last seen - 20 [Lakeside Capital](https://millionrounds.com/fund/lakeside-capital) *Deploying now* Family office · United States **1** **$1.8M** median round **Nov 2026** last seen - 21 [Lightfield Equity](https://millionrounds.com/fund/lightfield-equity) *Deploying now* Family office · Germany **1** **-** median round **Nov 2026** last seen - 22 [Gold Mine Multi Family Office](https://millionrounds.com/fund/gold-mine-multi-family-office) *Deploying now* Family office **1** **-** median round **May 2026** last seen - 23 [Seattle based family office](https://millionrounds.com/fund/seattle-based-family-office) *Deploying now* Family office **1** **$52M** median round **May 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[ArrayPatch](https://millionrounds.com/company/arraypatch)** Seed · $1.8M *Led by* [Lakeside Capital](https://millionrounds.com/fund/lakeside-capital) - **5** Nov **[Potential Sciences](https://millionrounds.com/company/potential-sciences)** Seed *With* [Lightfield Equity](https://millionrounds.com/fund/lightfield-equity) - **30** Oct **[Setara Biosciences](https://millionrounds.com/company/setara-biosciences)** Series A · $90M *With* [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) - **30** Oct **[Fractile](https://millionrounds.com/company/fractile)** Series C · $700M *With* [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) - **26** Oct **[DropGenie](https://millionrounds.com/company/dropgenie)** Seed · $5M *With* [Real Ventures](https://millionrounds.com/fund/real-ventures-2) - **23** Oct **[Warp Sciences](https://millionrounds.com/company/warp-sciences)** Series A · $215M *With* [Standard](https://millionrounds.com/fund/standard-2) ## Stages This Year 151 rounds - Venture **19%** - Series A **19%** - Seed **13%** - Series B **9%** - Series C **9%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **52** - Biotech **27** - Healthcare **19** - Fintech **11** - Hardware & Electronics **10** - Agtech **8** ## Cheques by Quarter Led Joined 30 Q1 25 28 Q2 25 49 Q3 25 50 Q4 25 39 Q1 26 51 Q2 26 30 Q3 26 14 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 family offices backing Biotech ### Who are the most active family offices backing Biotech? By cheques observed, the most active are Hill House Capital, Thrive Capital, Real Ventures, Vulcan Capital and Declaration Partners. ### How many family offices backing Biotech are there? 23 are on record. 96% made an investment in the last 12 months and 52% have led a round. ### Which stages do family offices backing Biotech back? Of the rounds with a named stage in the last 12 months, mostly Series A (27%) and Seed (19%). ### How big are the rounds family offices backing Biotech join? The typical (median) round among the leading investors here is $25M. ### Which sectors do family offices backing Biotech back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which family offices backing Biotech lead the most rounds? Thrive Capital (18 led), Hill House Capital (3 led) and Vulcan Capital (3 led). ### Where are family offices backing Biotech based? Among the most active, most are based in the United States (9), Singapore (2) and France (2). ### What have family offices backing Biotech invested in recently? Recent rounds include ArrayPatch (Seed, Nov 2026, with Lakeside Capital), Potential Sciences (Seed, Nov 2026, with Lightfield Equity) and Setara Biosciences (Series A, Oct 2026, with Euclidean Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)