# Hercules Capital Portfolio Map 2026: 46 Startups by Sector > Hercules Capital's portfolio mapped: 46 startups it has backed, in 7 sectors from Biotech, AI and Pharma on. Source: https://millionrounds.com/portfolio-maps/hercules-capital-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 21 - [Dyne Therapeutics](https://millionrounds.com/company/dyne-therapeutics) - [Phathom Pharmaceuticals](https://millionrounds.com/company/phathom-pharmaceuticals) - [4D Molecular Therapeutics](https://millionrounds.com/company/4d-molecular-therapeutics) - [MoonLake Immunotherapeutics](https://millionrounds.com/company/moonlake-immunotherapeutics) - [X4 Pharmaceuticals](https://millionrounds.com/company/x4-pharmaceuticals) - [Medrobotics](https://millionrounds.com/company/medrobotics) - [908 Devices](https://millionrounds.com/company/908-devices) - [Replimune Group](https://millionrounds.com/company/replimune-group) - [Aprecia Pharmaceuticals](https://millionrounds.com/company/aprecia-pharmaceuticals) - [NorthSea Therapeutics](https://millionrounds.com/company/northsea-therapeutics) - [*S* Sebacia](https://millionrounds.com/company/sebacia) - [Lucira Health](https://millionrounds.com/company/lucira-health) - [SynOx Therapeutics](https://millionrounds.com/company/synox-therapeutics) - [Eloxx](https://millionrounds.com/company/eloxx) - [Provention Bio](https://millionrounds.com/company/provention-bio) - [Locus Biosciences](https://millionrounds.com/company/locus-biosciences) - [Sight Sciences](https://millionrounds.com/company/sight-sciences) - [Alladapt Immunotherapeutics](https://millionrounds.com/company/alladapt-immunotherapeutics) - [AmplifyBio](https://millionrounds.com/company/amplifybio) - [Gamma Medica](https://millionrounds.com/company/gamma-medica) - [Gritstone bio](https://millionrounds.com/company/gritstone-bio) ## AI 6 - [*P* Perk](https://millionrounds.com/company/perk) - [Intercom](https://millionrounds.com/company/intercom) - [Behavox](https://millionrounds.com/company/behavox) - [Udacity](https://millionrounds.com/company/udacity) - [Unify](https://millionrounds.com/company/unify) - [Better Therapeutics](https://millionrounds.com/company/better-therapeutics) ## Pharma 5 - [Axsome Therapeutics](https://millionrounds.com/company/axsome-therapeutics) - [Madrigal Pharmaceuticals](https://millionrounds.com/company/madrigal-pharmaceuticals) - [Kura Oncology](https://millionrounds.com/company/kura-oncology) - [Verastem Oncology](https://millionrounds.com/company/verastem-oncology) - [PolyMedix](https://millionrounds.com/company/polymedix) ## Healthtech 4 - [Main Street Health](https://millionrounds.com/company/main-street-health) - [Oak Street Health](https://millionrounds.com/company/oak-street-health) - [Tricida](https://millionrounds.com/company/tricida) - [Suki](https://millionrounds.com/company/suki) ## Internet 4 - [RazorGator](https://millionrounds.com/company/razorgator) - [hi5](https://millionrounds.com/company/hi5) - [Kadoink](https://millionrounds.com/company/kadoink) - [just.me Inc](https://millionrounds.com/company/just-me-inc) ## Software 3 - [WildTangent](https://millionrounds.com/company/wildtangent) - [Atrenta](https://millionrounds.com/company/atrenta) - [Blurb](https://millionrounds.com/company/blurb) ## Automotive & EVs 3 - [Carwow](https://millionrounds.com/company/carwow) - [3Gtms](https://millionrounds.com/company/3gtms) - [RumbleON](https://millionrounds.com/company/rumbleon) ## Segment by segment ### Biotech 21 startups · $3.5B raised - [**Dyne Therapeutics**](https://millionrounds.com/company/dyne-therapeutics) Dyne Therapeutics is a developer of targeted therapies intended for serious muscle diseases. United States $828M - [**Phathom Pharmaceuticals**](https://millionrounds.com/company/phathom-pharmaceuticals) Phathom Pharmaceuticals is a biopharmaceutical company. United States $530M - [**4D Molecular Therapeutics**](https://millionrounds.com/company/4d-molecular-therapeutics) 4D Molecular Therapeutics designs, develops, and commercializes transformative gene therapeutic products for unmet medical conditions. United States $307M - [**MoonLake Immunotherapeutics**](https://millionrounds.com/company/moonlake-immunotherapeutics) MoonLake Immunotherapeutics is a clinical-stage biopharmaceuticals company. Switzerland $275M - [**X4 Pharmaceuticals**](https://millionrounds.com/company/x4-pharmaceuticals) X4 Pharmaceuticals is a clinical-stage oncology company developing oral small molecule CXCR4 antagonists for the treatment. United States $193M - [**Medrobotics**](https://millionrounds.com/company/medrobotics) Medrobotics is a medical robotics company developing and commercializing the Flex Robotic System. United States $176M - [**908 Devices**](https://millionrounds.com/company/908-devices) 908devices manufactures battery-operated, hand-held chemical detection tools used in mass spectrometry. United States $168M - [**Replimune Group**](https://millionrounds.com/company/replimune-group) Replimune Group develop the next generation of ‘oncolytic immunotherapies’ for the treatment of cancer. United States $140M ### AI 6 startups · $1.3B raised - [*P* **Perk**](https://millionrounds.com/company/perk) South Africa $500M - [**Intercom**](https://millionrounds.com/company/intercom) Intercom is the only helpdesk with a natively integrated AI Agent, Fin, meaning every customer conversation improves the next one, Ireland $250M - [**Behavox**](https://millionrounds.com/company/behavox) Behavox is a London-based AI company founded in 2014, specializing in compliance and risk management for financial services and re United Kingdom $245M - [**Udacity**](https://millionrounds.com/company/udacity) Udacity develops an online learning platform offering programs in artificial intelligence, machine learning, and robotics sector. United States $165M - [**Unify**](https://millionrounds.com/company/unify) Mortgage business growth in one place. United States $98M - [**Better Therapeutics**](https://millionrounds.com/company/better-therapeutics) Better Therapeutics develops prescription software for treating cardiometabolic diseases. United States $250K ### Pharma 5 startups · $1.2B raised - [**Axsome Therapeutics**](https://millionrounds.com/company/axsome-therapeutics) Axsome Therapeutics is a biopharmaceutical company that develops therapies for the management and treatment of neurological disorders. United States $577M - [**Madrigal Pharmaceuticals**](https://millionrounds.com/company/madrigal-pharmaceuticals) Madrigal Pharmaceuticals is a biopharmaceutical company developing therapeutics for the treatment of cardiovascular-metabolic diseases. United States $350M - [**Kura Oncology**](https://millionrounds.com/company/kura-oncology) Kura Oncology, a biopharmaceutical company, advances a pipeline of precision medicines for the treatment of solid tumors and blood cancers. United States $210M - [**Verastem Oncology**](https://millionrounds.com/company/verastem-oncology) Verastem is a biopharmaceutical company developing new medicines to improve the lives of patients with RAS/MAPK pathway-driven cancers. United States $90M - [**PolyMedix**](https://millionrounds.com/company/polymedix) PolyMedix develops small molecule compounds for the treatment of acute cardiovascular disorders and infectious diseases. United States $14M ### Healthtech 4 startups · $1.2B raised - [**Main Street Health**](https://millionrounds.com/company/main-street-health) Main Street Health is the largest provider of value-based care dedicated to rural America. United States $347M - [**Oak Street Health**](https://millionrounds.com/company/oak-street-health) Oak Street Health is a network of primary care centers for adults on Medicare. United States $340M - [**Tricida**](https://millionrounds.com/company/tricida) Tricida operates in the healthcare industry focusing on pharmaceutical business. United States $327M - [**Suki**](https://millionrounds.com/company/suki) Suki is an AI-powered ambient clinical intelligence platform and voice assistant tailored for healthcare professionals. United States $175M ### Internet 4 startups · $125M raised - [**RazorGator**](https://millionrounds.com/company/razorgator) RazorGator is an online ticket reselling platform for sports, theater and concert tickets, and vacation packages for sporting events. United States $59M - [**hi5**](https://millionrounds.com/company/hi5) Hi5 is a social networking site that allows its users to create, upload, and share content with other members. United States $52M - [**Kadoink**](https://millionrounds.com/company/kadoink) Gather people instantly by AI txt, video, or ringing phones Tell Kadoink Who You Need. United States $9.5M - [**just.me Inc**](https://millionrounds.com/company/just-me-inc) 2011-2013, built a mobile social app called just.me. United States $4.3M ### Software 3 startups · $171M raised - [**WildTangent**](https://millionrounds.com/company/wildtangent) WildTangent is a game network for PC manufacturing. United States $101M - [**Atrenta**](https://millionrounds.com/company/atrenta) Atrenta's SpyGlass Predictive Analyzer® significantly improves design efficiency for the world's leading semiconductor and consume United States $46M - [**Blurb**](https://millionrounds.com/company/blurb) About Blurb® Blurb is a bookmaking platform and creative community specializing in photo books and the tools to self-publish them. United States $24M ### Automotive & EVs 3 startups · $156M raised - [**Carwow**](https://millionrounds.com/company/carwow) Carwow is Europe's leading online marketplace for buying new cars and selling used ones. United Kingdom $131M - [**3Gtms**](https://millionrounds.com/company/3gtms) 3GTMS develops software that simplifies complex transportation management for shippers, brokers and 3PLs. United States $15M - [**RumbleON**](https://millionrounds.com/company/rumbleon) RumbleON provides an e-commerce platform that facilitates to sell, buy, trade pre-owned recreation vehicles. United States $10M **How this map is made.** Every startup here has raised money in a round we track that names Hercules Capital as an investor, the first in 2005. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Co-investors **Who invests with Hercules Capital** 37 co-investors](https://millionrounds.com/portfolio-maps/hercules-capital-co-investors)[Sector portfolio **Hercules Capital's Biotech portfolio** 20 startups · $2.7B](https://millionrounds.com/portfolio-maps/hercules-capital-biotech-portfolio)[Portfolio map **Y Combinator portfolio map** 2,679 startups · $111B](https://millionrounds.com/portfolio-maps/y-combinator-portfolio-map)[Portfolio map **Techstars portfolio map** 1,119 startups · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map)[Portfolio map **National Science Foundation portfolio map** 988 startups · $10B](https://millionrounds.com/portfolio-maps/nsf-small-business-innovation-research-small-business-techno-portfolio-map)[Portfolio map **500 Global portfolio map** 757 startups · $21B](https://millionrounds.com/portfolio-maps/500-startups-portfolio-map) ## Raising from investors like Hercules Capital? 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