Monthly roundup · Biotech · July 2026

Biotech startup funding, July 2026: Neko Health's $700M Series C leads 12 rounds

By Millionrounds ResearchPublished 1 August 2026Updated 11 October 2026

We read 12 equity rounds in Biotech announced in July 2026, raising $1.3B between them: 6% of all the rounds we read that month and 3% of the money. The largest was Neko Health's $700M Series C, led by Lightspeed Venture Partners and O.G. Venture Partners. The median seed round was $4.7M, against $6.7M over the last twelve months in Biotech; at Series A it was $14M.

Equity rounds12in Biotech, 12 with an amount
Raised$1.3Bacross those rounds
Lead named92%of rounds say who led
Share of the month6%of rounds; 3% of the money

The biggest rounds

  1. 1Neko HealthSeries C · Sweden · led by Lightspeed Venture Partners, O.G. Venture Partners$700M
  2. 2AdvanCellSeries D · Australia · led by Ally Bridge Group, Alpha Wave$315M
  3. 3CCrystalys TherapeuticsSeries B · led by Frazier Life Sciences$130M
  4. 4FORE BiotherapeuticsSeries D · United States · led by SR One, Medicxi$67M
  5. 5QureightSeries B · United Kingdom · led by Molten Ventures$20M
  6. 6Syntax BioSeries A · United States$14M
  7. 7Katalyze AISeed · United States · led by Bonfire Ventures$11M
  8. 8CheironSeed · led by Menlo Ventures$8.0M
  9. 9Outlier SpacePre-seed · New Zealand · led by GD1$7.3M
  10. 10RReme-DPre-seed · Egypt · led by Anara Impact Capital$1.4M

Day by day

Equity rounds in Biotech announced each day of July. The busiest day was 15 July, with 2.

1 July31 July

By stage, against the year

Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors.

Pre-seed2$4.4Mthis month$2.0M12 months, all sectors
Seed4$4.7Mthis month$6.7M12 months here
Series A1$14Mthis month$33M12 months here
Series B2$75Mthis month$55M12 months here
Series C1$700Mthis month$100M12 months, all sectors
Series D2$191Mthis month$150M12 months, all sectors

Where

United States had the most Biotech rounds this month.

Against the month

  • Rounds, Biotech12
  • Rounds, all sectors216
  • Raised, Biotech$1.3B
  • Raised, all sectors$41B

The whole of July 2026

Other sectors in July

131 roundsAI→36 roundsFintech→16 roundsClimate Tech→16 roundsEnergy→16 roundsManufacturing→15 roundsHealthcare→15 roundsCybersecurity→15 roundsRobotics→13 roundsSoftware→13 roundsAerospace & Space→12 roundsHardware & Electronics→12 roundsConstruction→12 roundsBig Data & Analytics→