# HBM Healthcare Investments' Biotech Investments: 10 Startups in Its Portfolio (2026)

> The 10 Biotech startups HBM Healthcare Investments has backed, by stage: $1.5B raised between them. From the rounds we track; updated nightly.

Source: https://millionrounds.com/portfolio-maps/hbm-healthcare-investments-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article)

## Series C and later

5

- [Nuance Pharma](https://millionrounds.com/company/nuance-pharma)
- [Kolltan Pharmaceuticals](https://millionrounds.com/company/kolltan-pharmaceuticals)
- [FORE Biotherapeutics](https://millionrounds.com/company/fore-biotherapeutics)
- [AnaptysBio](https://millionrounds.com/company/anaptysbio)
- [*IT* Iconic Therapeutics](https://millionrounds.com/company/iconic-therapeutics)

## Stage not reported

3

- [Dren Bio](https://millionrounds.com/company/dren-bio)
- [Celladon](https://millionrounds.com/company/celladon)
- [*Y* YmAbs](https://millionrounds.com/company/ymabs)

## Series B

2

- [*VB* Viela Bio](https://millionrounds.com/company/viela-bio)
- [*B* BaseHealth](https://millionrounds.com/company/basehealth)

## Segment by segment

### Series C and later

5 startups · $558M raised

- [**Nuance Pharma**](https://millionrounds.com/company/nuance-pharma) Nuance Pharma is a specialty biopharmaceutical company based in Shanghai, founded in 2014 by Mark Lotter. China $181M
- [**Kolltan Pharmaceuticals**](https://millionrounds.com/company/kolltan-pharmaceuticals) Kolltan Pharmaceuticals develops new-generation monoclonal antibody oncology therapeutics. United States $146M
- [**FORE Biotherapeutics**](https://millionrounds.com/company/fore-biotherapeutics) Fore Biotherapeutics is a clinical-stage precision oncology company based in Philadelphia, PA. United States $108M
- [**AnaptysBio**](https://millionrounds.com/company/anaptysbio) AnaptysBio ($ANAB) is a clinical-stage biotechnology company focused on transforming patient health by discovering and developing United States $85M
- [*IT* **Iconic Therapeutics**](https://millionrounds.com/company/iconic-therapeutics) United States $38M

### Stage not reported

3 startups · $627M raised

- [**Dren Bio**](https://millionrounds.com/company/dren-bio) Dren Bio focuses on protein engineering technologies for depletion of cells, protein aggregates, and other disease-causing agents. United States $375M
- [**Celladon**](https://millionrounds.com/company/celladon) Celladon is a biotechnology company developing molecular therapies for the treatment of heart failure. United States $172M
- [*Y* **YmAbs**](https://millionrounds.com/company/ymabs) United States $80M

### Series B

2 startups · $343M raised

- [*VB* **Viela Bio**](https://millionrounds.com/company/viela-bio) Viela Bio is a clinical-stage biotechnology company pioneering and advancing treatments for severe inflammation and autoimmune diseases. United States $325M
- [*B* **BaseHealth**](https://millionrounds.com/company/basehealth) BaseHealth is a next-generation health care analytics company for top health systems and Medicare Advantage plans focused on apply United States $18M

**How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names HBM Healthcare Investments as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

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