# Northern Light Venture Capital's Biotech Investments: 11 Startups in Its Portfolio (2026) > The 11 Biotech startups Northern Light Venture Capital has backed, by stage: $499M raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/nlvc-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Series A 4 - [Spiro Medical](https://millionrounds.com/company/spiro-medical) - [*UT* Ucello Therapeutics](https://millionrounds.com/company/ucello-therapeutics) - [Wancheng Gene](https://millionrounds.com/company/wancheng-gene) - [*L* LanssonPharm](https://millionrounds.com/company/lanssonpharm) ## Series C and later 4 - [Neurophth Therapeutics](https://millionrounds.com/company/neurophth-therapeutics) - [GenFleet Therapeutics](https://millionrounds.com/company/genfleet-therapeutics) - [TenNor Therapeutics](https://millionrounds.com/company/tennor-therapeutics) - [WeMed](https://millionrounds.com/company/wemed) ## Series B 3 - [Qihan Biotech](https://millionrounds.com/company/qihan-biotech) - [*K* Kanova](https://millionrounds.com/company/kanova) - [TenNor](https://millionrounds.com/company/tennor) ## Segment by segment ### Series A 4 startups · $107M raised - [**Spiro Medical**](https://millionrounds.com/company/spiro-medical) Spiro Medical is a medical device company developing a groundbreaking Pulmonary Neuromodulation (PNM) System for asthma treatment. United States $67M - [*UT* **Ucello Therapeutics**](https://millionrounds.com/company/ucello-therapeutics) Ucello Therapeutics is engaged in development of allogeneic cell therapies using its proprietary CAR-T cell technology platform CBT-X20. China $21M - [**Wancheng Gene**](https://millionrounds.com/company/wancheng-gene) Wancheng Gene is a single-cell gene detection platform that uses the platform to serve the scientific, clinical and industrial markets. China $16M - [*L* **LanssonPharm**](https://millionrounds.com/company/lanssonpharm) LanssonPharm is a pharmaceutical company. China $3.0M ### Series C and later 4 startups · $296M raised - [**Neurophth Therapeutics**](https://millionrounds.com/company/neurophth-therapeutics) Neurophth Therapeutics is a leading clinical-stage gene therapy company based in Wuhan, China, with additional subsidiaries in Sha China $97M - [**GenFleet Therapeutics**](https://millionrounds.com/company/genfleet-therapeutics) GenFleet Therapeutics is a biotechnology developer and researcher of molecular pharmaceuticals targeting cancer treatments. China $96M - [**TenNor Therapeutics**](https://millionrounds.com/company/tennor-therapeutics) Clinical-stage biotechnology company dedicated to discovery and development of therapeutics in infectious diseases. United States $57M - [**WeMed**](https://millionrounds.com/company/wemed) WeMed is an interventional diagnosis and treatment solutions provider. China $46M ### Series B 3 startups · $97M raised - [**Qihan Biotech**](https://millionrounds.com/company/qihan-biotech) Qihan Biotech is a gene-editing organ transplantation technology developer. China $42M - [*K* **Kanova**](https://millionrounds.com/company/kanova) Kanova is a biopharmaceutical firm that focuses on developing therapeutic antibodies to treat cancer and autoimmune diseases. China $30M - [**TenNor**](https://millionrounds.com/company/tennor) Tennor is a global investment holding company. China $25M **How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Northern Light Venture Capital 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) [Portfolio map **Northern Light Venture Capital portfolio map** 54 startups · $2.4B](https://millionrounds.com/portfolio-maps/nlvc-portfolio-map)[Investments abroad **Northern Light Venture Capital's investments in China** 37 startups · $2.0B](https://millionrounds.com/portfolio-maps/nlvc-investments-china)[Co-investors **Who invests with Northern Light Venture Capital** 27 co-investors](https://millionrounds.com/portfolio-maps/nlvc-co-investors)[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)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio) ## Raising from investors like Northern Light Venture Capital? 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)