# Johnson & Johnson Innovation's Biotech Investments: 10 Startups in Its Portfolio (2026) > The 10 Biotech startups Johnson & Johnson Innovation has backed, by stage: $1.4B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/johnson-and-johnson-innovation-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Series B 6 - [T-Therapeutics](https://millionrounds.com/company/t-therapeutics) - [SonoThera](https://millionrounds.com/company/sonothera) - [*FP* Fusion Pharamaceuticals](https://millionrounds.com/company/fusion-pharamaceuticals) - [BlackThorn Therapeutics](https://millionrounds.com/company/blackthorn-therapeutics) - [*I* Inivata](https://millionrounds.com/company/inivata) - [*XL* XW Labs](https://millionrounds.com/company/xw-labs) ## Series C and later 4 - [CVRx](https://millionrounds.com/company/cvrx) - [CereVasc](https://millionrounds.com/company/cerevasc) - [*AG* Atlas Genetics](https://millionrounds.com/company/atlas-genetics) - [Torax Medical](https://millionrounds.com/company/torax-medical) ## Segment by segment ### Series B 6 startups · $675M raised - [**T-Therapeutics**](https://millionrounds.com/company/t-therapeutics) T-Therapeutics is a next-generation T cell receptor (TCR) company spun off from the University of Cambridge. United Kingdom $279M - [**SonoThera**](https://millionrounds.com/company/sonothera) SonoThera is a biotechnology company based in South San Francisco that focuses on developing ultrasound-guided, nonviral gene therapies. United States $125M - [*FP* **Fusion Pharamaceuticals**](https://millionrounds.com/company/fusion-pharamaceuticals) Canada $105M - [**BlackThorn Therapeutics**](https://millionrounds.com/company/blackthorn-therapeutics) BlackThorn Therapeutics is a clinical-stage neurobehavioral health company pioneering the next generation of artificial intelligence. United States $90M - [*I* **Inivata**](https://millionrounds.com/company/inivata) United Kingdom $59M - [*XL* **XW Labs**](https://millionrounds.com/company/xw-labs) China $17M ### Series C and later 4 startups · $735M raised - [**CVRx**](https://millionrounds.com/company/cvrx) CVRx is a medical device company developing implantable technology for the treatment of high blood pressure. United States $369M - [**CereVasc**](https://millionrounds.com/company/cerevasc) CereVasc is a clinical-stage medical device company based in Boston, Massachusetts, focused on developing innovative, minimally in United States $155M - [*AG* **Atlas Genetics**](https://millionrounds.com/company/atlas-genetics) United Kingdom $111M - [**Torax Medical**](https://millionrounds.com/company/torax-medical) Torax Medical develops an implantable device for the treatment of gastroesophageal reflux disease. United States $101M **How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Johnson & Johnson Innovation 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) [Sector portfolio **Novo Holdings A/S's Biotech portfolio** 21 startups · $1.8B](https://millionrounds.com/portfolio-maps/novo-holdings-a-s-biotech-portfolio)[Sector portfolio **SBI Group's Fintech portfolio** 10 startups · $724M](https://millionrounds.com/portfolio-maps/sbi-group-fintech-portfolio)[Sector portfolio **Y Combinator's AI portfolio** 1,143 startups · $44B](https://millionrounds.com/portfolio-maps/y-combinator-ai-portfolio)[Sector portfolio **Y Combinator's Fintech portfolio** 338 startups · $24B](https://millionrounds.com/portfolio-maps/y-combinator-fintech-portfolio)[Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio) ## Raising from investors like Johnson & Johnson Innovation? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)