# TCG Portfolio Map 2026: 70 Startups by Sector

> TCG's portfolio mapped: 70 startups it has backed, in 9 sectors from Biotech, Pharma and AI on. $15B raised between them; logos, funding and rounds.

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

## Biotech

36

- [Abivax](https://millionrounds.com/company/abivax)
- [Structure Therapeutics](https://millionrounds.com/company/structure-therapeutics)
- [Mirum Pharmaceuticals](https://millionrounds.com/company/mirum-pharmaceuticals)
- [ADC Therapeutics](https://millionrounds.com/company/adc-therapeutics)
- [Tyra Biosciences](https://millionrounds.com/company/tyra-biosciences)
- [Avalo Therapeutics](https://millionrounds.com/company/avalo-therapeutics)
- [*CT* Cidara Therapeutics](https://millionrounds.com/company/cidara-therapeutics)
- [Immunic Therapeutics](https://millionrounds.com/company/immunic-therapeutics)
- [Century Therapeutics](https://millionrounds.com/company/century-therapeutics)
- [Valneva](https://millionrounds.com/company/valneva)
- [CORXEL Pharmaceuticals](https://millionrounds.com/company/corxel-pharmaceuticals)
- [Disc Medicine](https://millionrounds.com/company/disc-medicine)
- [Rapt Therapeutics](https://millionrounds.com/company/rapt-therapeutics)
- [Mirador Therapeutics](https://millionrounds.com/company/mirador-therapeutics)
- [Beacon Therapeutics](https://millionrounds.com/company/beacon-therapeutics)
- [CG Oncology](https://millionrounds.com/company/cg-oncology)
- [ADCendo](https://millionrounds.com/company/adcendo)
- [Aviceda Therapeutics](https://millionrounds.com/company/aviceda-therapeutics)
- [Cogent Biosciences](https://millionrounds.com/company/cogent-biosciences)
- [Upstream Bio](https://millionrounds.com/company/upstream-bio)
- [Alpine Immune Sciences](https://millionrounds.com/company/alpine-immune-sciences)
- [Magenta Therapeutics](https://millionrounds.com/company/magenta-therapeutics)
- [Tourmaline Bio](https://millionrounds.com/company/tourmaline-bio)
- [RayzeBio](https://millionrounds.com/company/rayzebio)

+12 more

## Pharma

9

- [Mineralys Therapeutics](https://millionrounds.com/company/mineralys-therapeutics)
- [Immunovant](https://millionrounds.com/company/immunovant)
- [Korsana Biosciences](https://millionrounds.com/company/korsana-biosciences)
- [Ollin Biosciences](https://millionrounds.com/company/ollin-biosciences)
- [Maze Therapeutics](https://millionrounds.com/company/maze-therapeutics)
- [Allakos](https://millionrounds.com/company/allakos)
- [*I* Inhibrx](https://millionrounds.com/company/inhibrx)
- [LB Pharmaceuticals](https://millionrounds.com/company/lb-pharmaceuticals)
- [Pathalys Pharma](https://millionrounds.com/company/pathalys-pharma)

## AI

6

- [Headspace](https://millionrounds.com/company/headspace)
- [Arbor Biotechnologies](https://millionrounds.com/company/arbor-biotechnologies)
- [*S* Sphere](https://millionrounds.com/company/sphere)
- [*AS* Altered State Machine](https://millionrounds.com/company/altered-state-machine)
- [Glass](https://millionrounds.com/company/glass)
- [Outdefine](https://millionrounds.com/company/outdefine)

## Web3 & Crypto

4

- [*VH* Virtually Human Studio](https://millionrounds.com/company/virtually-human-studio)
- [Immortal Game](https://millionrounds.com/company/immortal-game)
- [Ready Player DAO](https://millionrounds.com/company/ready-player-dao)
- [*P* POAP](https://millionrounds.com/company/poap)

## Consumer Goods

3

- [Lovevery](https://millionrounds.com/company/lovevery)
- [Stoggles](https://millionrounds.com/company/stoggles)
- [The Sill](https://millionrounds.com/company/the-sill)

## Healthtech

3

- [Perspective Therapeutics](https://millionrounds.com/company/perspective-therapeutics)
- [Curio](https://millionrounds.com/company/curio)
- [Wthn](https://millionrounds.com/company/wthn)

## E-commerce

3

- [Premier Lacrosse League](https://millionrounds.com/company/premier-lacrosse-league)
- [Stadium Goods](https://millionrounds.com/company/stadium-goods)
- [Tribute Brand](https://millionrounds.com/company/tribute-brand)

## Internet

3

- [The Action Network](https://millionrounds.com/company/the-action-network)
- [Arkive](https://millionrounds.com/company/arkive)
- [REDEF](https://millionrounds.com/company/redef)

## Fintech

3

- [*B* Branch](https://millionrounds.com/company/branch)
- [*D* Dave](https://millionrounds.com/company/dave)
- [Jia](https://millionrounds.com/company/jia)

## Segment by segment

### Biotech

36 startups · $9.7B raised

- [**Abivax**](https://millionrounds.com/company/abivax) Abivax develops medicines that alter the body's natural immune system mechanisms. France $793M
- [**Structure Therapeutics**](https://millionrounds.com/company/structure-therapeutics) Structure Therapeutics specializes in the discovery and development of drugs against a type of targets called GPCR. United States $748M
- [**Mirum Pharmaceuticals**](https://millionrounds.com/company/mirum-pharmaceuticals) Mirum Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of therapies. United States $669M
- [**ADC Therapeutics**](https://millionrounds.com/company/adc-therapeutics) ADC Therapeutics develops antibody drug conjugates and non-antibody drug conjugate products. Switzerland $646M
- [**Tyra Biosciences**](https://millionrounds.com/company/tyra-biosciences) Tyra Biosciences is a biotechnology company targeting new pathways of acquired resistance in oncology with purpose-built drugs. United States $600M
- [**Avalo Therapeutics**](https://millionrounds.com/company/avalo-therapeutics) Avalo Therapeutics is a clinical-stage biopharmaceutical company. United States $501M
- [*CT* **Cidara Therapeutics**](https://millionrounds.com/company/cidara-therapeutics) Cidara Therapeutics is a biotechnology company that specializes in the fields of healthcare and therapeutics. United States $463M
- [**Immunic Therapeutics**](https://millionrounds.com/company/immunic-therapeutics) Immunic is a biopharmaceutical company that develops a pipeline of selective oral immunology therapies. United States $400M

### Pharma

9 startups · $3.5B raised

- [**Mineralys Therapeutics**](https://millionrounds.com/company/mineralys-therapeutics) Mineralys Therapeutics is a clinical-stage biopharmaceutical company committed to developing therapy for the treatment of hypertension. United States $788M
- [**Immunovant**](https://millionrounds.com/company/immunovant) Immunovant is a clinical-stage biopharmaceutical company focused on enabling normal lives for patients with autoimmune diseases. United States $550M
- [**Korsana Biosciences**](https://millionrounds.com/company/korsana-biosciences) Korsana Biosciences develops THETA-enabled antibody therapies for neurodegenerative diseases including Alzheimer’s. United States $530M
- [**Ollin Biosciences**](https://millionrounds.com/company/ollin-biosciences) Ollin Biosciences is a clinical-stage biopharmaceutical company based in Austin, Texas, founded in 2023. United States $430M
- [**Maze Therapeutics**](https://millionrounds.com/company/maze-therapeutics) Maze Therapeutics is an operator of a biotechnology firm used to focus on translating genetic insights into new medicines. United States $300M
- [**Allakos**](https://millionrounds.com/company/allakos) Allakos is a biotechnology company developing therapeutic antibodies targeting allergy, inflammatory and proliferative diseases. United States $294M
- [*I* **Inhibrx**](https://millionrounds.com/company/inhibrx) United States $265M
- [**LB Pharmaceuticals**](https://millionrounds.com/company/lb-pharmaceuticals) LB Pharmaceuticals specializes in developing a treatment for schizophrenia. United States $250M

### AI

6 startups · $268M raised

- [**Headspace**](https://millionrounds.com/company/headspace) Headspace specializes in providing mental healthcare, including coaching therapy and psychiatry, as well as meditation mindfulness tools. United States $139M
- [**Arbor Biotechnologies**](https://millionrounds.com/company/arbor-biotechnologies) Arbor Biotechnologies is a gene editing company based in Cambridge, Massachusetts, dedicated to developing genomic medicines for a United States $74M
- [*S* **Sphere**](https://millionrounds.com/company/sphere) United States $31M
- [*AS* **Altered State Machine**](https://millionrounds.com/company/altered-state-machine) Altered State Machine is a new protocol for non fungible intelligence. New Zealand $11M
- [**Glass**](https://millionrounds.com/company/glass) SPECIAL ADVISORY & EMBEDDED EXECUTIVE Glenn Lanteigne’s Advisory Services helps companies to focus precious time and resources on United States $8.3M
- [**Outdefine**](https://millionrounds.com/company/outdefine) Outdefine is a technology company based in San Francisco, founded between 2020 and 2022. United States $5.3M

### Web3 & Crypto

4 startups · $52M raised

- [*VH* **Virtually Human Studio**](https://millionrounds.com/company/virtually-human-studio) Decentralised Entertainment Australia $20M
- [**Immortal Game**](https://millionrounds.com/company/immortal-game) Immortal Game is a digital entertainment company based in Paris, France, known for creating the world's first Chess NFT ecosystem. France $12M
- [**Ready Player DAO**](https://millionrounds.com/company/ready-player-dao) Ready Player DAO is a decentralized autonomous organization dedicated to Web3 gaming and the metaverse. United States $10M
- [*P* **POAP**](https://millionrounds.com/company/poap) POAP: "Proof of Attendance Protocol. United States $10M

### Consumer Goods

3 startups · $165M raised

- [**Lovevery**](https://millionrounds.com/company/lovevery) Lovevery is an early learning platform that offers a stage-based system of information for parents and products for children. Indonesia $120M
- [**Stoggles**](https://millionrounds.com/company/stoggles) Stoggles is eyewear that does everything for people who do everything. United States $40M
- [**The Sill**](https://millionrounds.com/company/the-sill) The Sill offers ceramic planters potted with houseplants. United States $5.2M

### Healthtech

3 startups · $194M raised

- [**Perspective Therapeutics**](https://millionrounds.com/company/perspective-therapeutics) Perspective Therapeutics focuses on advancing cancer treatments employing radiation, radiopharmaceuticals, and imaging technology. United States $175M
- [**Curio**](https://millionrounds.com/company/curio) Curio is a game studio that specializes in blockchain-based, on-chain games. United States $14M
- [**Wthn**](https://millionrounds.com/company/wthn) WTHN is a holistic wellness clinic chain based in New York City, specializing in Traditional Chinese Medicine (TCM). United States $5.0M

### E-commerce

3 startups · $121M raised

- [**Premier Lacrosse League**](https://millionrounds.com/company/premier-lacrosse-league) The Premier Lacrosse League (PLL) is a professional men's field lacrosse league in North America, founded in 2018 by Paul and Mike Rabil. United States $100M
- [**Stadium Goods**](https://millionrounds.com/company/stadium-goods) Stadium Goods is an online marketplace for sought after sneakers and streetwear. United States $16M
- [**Tribute Brand**](https://millionrounds.com/company/tribute-brand) TRIBUTE BRAND is a digital fashion company based in Zagreb, Croatia, founded in April 2020. Croatia $4.5M

### Internet

3 startups · $30M raised

- [**The Action Network**](https://millionrounds.com/company/the-action-network) The Action Network is a sports media start-up that builds products and creates content to inform and entertain the sports bettor United States $18M
- [**Arkive**](https://millionrounds.com/company/arkive) Arkive is a platform for the beauty industry. United States $9.7M
- [**REDEF**](https://millionrounds.com/company/redef) REDEF is a media company that curates news, ideas, and content primarily in the music and audio sectors. United States $2.3M

### Fintech

3 startups · $759M raised

- [*B* **Branch**](https://millionrounds.com/company/branch) United States $707M
- [*D* **Dave**](https://millionrounds.com/company/dave) United States $50M
- [**Jia**](https://millionrounds.com/company/jia) Jia develops software for place management organizations to track and manage employees efficiently. United States $2.0M

**How this map is made.** Every startup here has raised money in a round we track that names TCG as an investor, the first in 2014. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

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

[Private equity · United States **Gaingels** 493 startups · 12 sectors · $40B](https://millionrounds.com/portfolio-maps/gaingels-portfolio-map)[Private equity · United States **Goldman Sachs** 294 startups · 12 sectors · $163B](https://millionrounds.com/portfolio-maps/goldman-sachs-portfolio-map)[Private equity · United States **Pioneer Fund** 289 startups · 12 sectors · $5.9B](https://millionrounds.com/portfolio-maps/pioneer-fund-2-portfolio-map)[Private equity · United States **RA Capital Management** 264 startups · 5 sectors · $48B](https://millionrounds.com/portfolio-maps/ra-capital-management-portfolio-map)[Private equity · United States **OrbiMed** 221 startups · 4 sectors · $34B](https://millionrounds.com/portfolio-maps/orbimed-portfolio-map)[Private equity · United States **Cormorant Asset Management** 123 startups · 3 sectors · $25B](https://millionrounds.com/portfolio-maps/cormorant-asset-management-portfolio-map)

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