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Cormorant Asset Management portfolio map
123 startups Cormorant Asset Management has backed in rounds we track, since 2015, grouped by their main sector. Together they have raised $25B; Cormorant Asset Management led at least one round in 1 of them. The biggest sector is Biotech, with 95 companies.
Biotech
95
Oruka Therapeutics
Candid Therapeutics
Tango TherapeuticsAvidity Biosciences
Structure Therapeutics
Erasca
Spyre Therapeutics
Tyra Biosciences
Freenome
Akero Therapeutics- TPTurning Point Therapeutics
Enliven Therapeutics
Wave Life SciencesArtiva Biotherapeutics
Orchard Therapeutics
Dren Bio
Pliant TherapeuticsAlumis
Solid Biosciences- VBViela Bio
Star Therapeutics
Beam Therapeutics- AAtreca
- ZLZai Lab
+71 more
Pharma
15
Funding by segment
- Biotech$21B95
- Pharma$2.8B15
- Healthtech$1.1B13
Where they are based
- United States103$21B
- China5$761M
- Switzerland3$707M
- United Kingdom2$727M
- France1$310M
- Belgium1$112M
- Germany1$55M
- Ireland1$268M
- Denmark1$187M
United States
China
Switzerland
United Kingdom
France
Belgium
Germany
Ireland
DenmarkFounded
14 without a founding year on record.
Total raised
- Under $1M2
- $1M to $10M3
- $10M to $50M7
- $50M to $250M73
- $250M to $1B38
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
109 of 123 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United States103
- China5
- Switzerland3
- United Kingdom2
- France1
- Belgium1
- Germany1
- Ireland1
- Denmark1
Startups by country, 9 countries in all.
Segment by segment
Biotech
95 startups · $21B raised
- Oruka TherapeuticsOruka Therapeutics is advancing innovative biologics to redefine patient care standards in chronic skin diseases.United States$880M
- Candid TherapeuticsCandid Therapeutics was a clinical-stage biotechnology company based in San Diego, California, founded in 2024.United States$875M
- Tango TherapeuticsTango Therapeutics is a biotechnology company that is developing next generation cancer therapies.United States$852M
- Structure TherapeuticsStructure Therapeutics specializes in the discovery and development of drugs against a type of targets called GPCR.United States$748M
- ErascaErasca is a developer of oncology drugs intended to provide precision oncology options.United States$739M
- Spyre TherapeuticsSpyre Therapeutics is a biotechnology business that is developing a strong pipeline of antibody therapies.United States$678M
- Tyra BiosciencesTyra Biosciences is a biotechnology company targeting new pathways of acquired resistance in oncology with purpose-built drugs.United States$600M
Pharma
15 startups · $2.8B raised
Parabilis MedicinesParabilis Medicines is a Grupo Bugio is a biopharmaceutical firm that specializes in creating medicines.United States$380M
AutolusAutolus is a biopharmaceutical company focused on T-cell programming and manufacturing technology.United Kingdom$350M- CTCrystalys TherapeuticsUnited States$335M
Corvus PharmaceuticalsCorvus Pharmaceuticals is a clinical-stage biopharmaceutical company.United States$310M
GH ResearchGH Research is a biopharmaceutical company developing novel therapies for the management of mental illness.Ireland$268M
Edgewise TherapeuticsEdgewise Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization.United States$200M
Antares TherapeuticsAntares Therapeutics, Inc.United States$177M
Ovid TherapeuticsOvid Therapeutic's purpose is to solve intractable medical problems.United States$166M
Healthtech
13 startups · $1.1B raised
TricidaTricida operates in the healthcare industry focusing on pharmaceutical business.United States$327M
Orbis MedicinesOrbis Medicines is a biotechnology company based in Copenhagen, Denmark, with an additional presence in Lausanne, Switzerland.Denmark$187M
Axonics Modulation TechnologiesAxonics Modulation Technologies is a pre-revenue company developing novel implantable neuromodulation.United States$144M
Supira MedicalSupira Medical is a clinical-stage medical device company based in Los Gatos, California.United States$136M
Kezar Life SciencesKezar Life Sciences company focused on the discovery and development of drugs targeting protein homeostasis for autoimmune disordeUnited States$85M
RenoviaRenovia provides commercial painting, sealants, wood replacement, pressure washing, wet glazing, and tuckpointing services.United States$59M
Akura MedicalTecnología e innovación para profesionales de la odontología.United States$53M
Adona MedicalAdona Medical is a clinical-stage medical technology company based in Los Gatos, California, founded in 2017.United States$36M
How this map is made. Every startup here has raised money in a round we track that names Cormorant Asset Management as an investor, the first in 2015. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.
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