# Merck Global Health Innovation Fund's Biotech Investments: 15 Startups in Its Portfolio (2026) > The 15 Biotech startups Merck Global Health Innovation Fund has backed, by stage: $3.7B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/merck-global-health-innovation-fund-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Series C and later 8 - [Moderna](https://millionrounds.com/company/moderna) - [PathAI](https://millionrounds.com/company/pathai) - [LifeMine Therapeutics](https://millionrounds.com/company/lifemine-therapeutics) - [Visterra](https://millionrounds.com/company/visterra) - [ClearDATA](https://millionrounds.com/company/cleardata) - [eHealth Technologies™](https://millionrounds.com/company/ehealth-technologies) - [Syapse](https://millionrounds.com/company/syapse) - [*P* Prgnos](https://millionrounds.com/company/prgnos) ## Series B 4 - [*G* Grail](https://millionrounds.com/company/grail) - [ElectroCore](https://millionrounds.com/company/electrocore) - [*IB* Imago BioSciences](https://millionrounds.com/company/imago-biosciences) - [Atropos Health](https://millionrounds.com/company/atropos-health) ## Stage not reported 3 - [TriNetX](https://millionrounds.com/company/trinetx) - [Vaximm](https://millionrounds.com/company/vaximm) - [*S* SerlImmune](https://millionrounds.com/company/serlimmune) ## Segment by segment ### Series C and later 8 startups · $1.6B raised - [**Moderna**](https://millionrounds.com/company/moderna) Learn how we’re changing the world of medicine. United States $675M - [**PathAI**](https://millionrounds.com/company/pathai) PathAI develops technology that assists pathologists in making accurate diagnoses for every patient, every time. United States $400M - [**LifeMine Therapeutics**](https://millionrounds.com/company/lifemine-therapeutics) LifeMine Therapeutics combines genomics with AI and synthetic biology to discover and develop a pipeline of novel medicines. United States $230M - [**Visterra**](https://millionrounds.com/company/visterra) Visterra researches on and develops therapeutic and diagnostic products for the treatment of infectious diseases. United States $120M - [**ClearDATA**](https://millionrounds.com/company/cleardata) ClearDATA is a cloud compliance and security solution designed specifically for the healthcare industry. United States $80M - [**eHealth Technologies™**](https://millionrounds.com/company/ehealth-technologies) eHealth Technologies is a healthcare technology company based in West Henrietta, New York, founded in 2006. United States $50M - [**Syapse**](https://millionrounds.com/company/syapse) Syapse is a real-world evidence company dedicated to extinguishing the fear and burden of serious disease by advancing real-world United States $45M - [*P* **Prgnos**](https://millionrounds.com/company/prgnos) United States $21M ### Series B 4 startups · $1.9B raised - [*G* **Grail**](https://millionrounds.com/company/grail) United States $1.6B - [**ElectroCore**](https://millionrounds.com/company/electrocore) ElectroCore develops neuromodulation therapies for the non-invasive treatment of diseases and disorders. United States $121M - [*IB* **Imago BioSciences**](https://millionrounds.com/company/imago-biosciences) Imago is a clinical stage biopharmaceutical company that develops drugs for the management of proliferative diseases of the bone marrow. United States $67M - [**Atropos Health**](https://millionrounds.com/company/atropos-health) Atropos Health is a healthcare technology company founded in 2020, evolving from Stanford University’s “Green Button” project. United States $33M ### Stage not reported 3 startups · $256M raised - [**TriNetX**](https://millionrounds.com/company/trinetx) TriNetX is a health research network that connects drug discovery and development from pharmaceutical companies. United States $240M - [**Vaximm**](https://millionrounds.com/company/vaximm) VAXIMM is a vaccine company offers VXM01 targeting tumor vasculature. Switzerland $8.0M - [*S* **SerlImmune**](https://millionrounds.com/company/serlimmune) United States $8.0M **How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Merck Global Health Innovation Fund 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 **Coinbase Ventures' Web3 & Crypto portfolio** 168 startups · $5.7B](https://millionrounds.com/portfolio-maps/coinbase-web3-crypto-portfolio)[Sector portfolio **Salesforce Ventures' AI portfolio** 115 startups · $181B](https://millionrounds.com/portfolio-maps/salesforce-ventures-ai-portfolio)[Sector portfolio **Google Ventures' AI portfolio** 81 startups · $16B](https://millionrounds.com/portfolio-maps/gv-ai-portfolio)[Sector portfolio **Google Ventures' Biotech portfolio** 74 startups · $12B](https://millionrounds.com/portfolio-maps/gv-biotech-portfolio)[Sector portfolio **Samsung Next's AI portfolio** 72 startups · $9.8B](https://millionrounds.com/portfolio-maps/samsung-next-ai-portfolio)[Sector portfolio **Endeavor Catalyst's Fintech portfolio** 65 startups · $9.9B](https://millionrounds.com/portfolio-maps/endeavor-catalyst-fintech-portfolio) ## Raising from investors like Merck Global Health Innovation Fund? 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