# Vivo Capital's Biotech Investments: 67 Startups in Its Portfolio (2026) > The 67 Biotech startups Vivo Capital has backed, by stage: $11B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/vivo-capital-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Stage not reported 23 - [Candid Therapeutics](https://millionrounds.com/company/candid-therapeutics) - [Legend Biotech](https://millionrounds.com/company/legend-biotech) - [Immunic Therapeutics](https://millionrounds.com/company/immunic-therapeutics) - [Valneva](https://millionrounds.com/company/valneva) - [Biohaven Pharmaceutical](https://millionrounds.com/company/biohaven-pharmaceutical) - [COMPASS Pathways](https://millionrounds.com/company/compass-pathways) - [Tourmaline Bio](https://millionrounds.com/company/tourmaline-bio) - [Celladon](https://millionrounds.com/company/celladon) - [OnKure Therapeutics](https://millionrounds.com/company/onkure-therapeutics) - [VectivBio](https://millionrounds.com/company/vectivbio) - [Bonum Therapeutics](https://millionrounds.com/company/bonum-therapeutics) - [Semnur Pharmaceuticals](https://millionrounds.com/company/semnur-pharmaceuticals) - [Aligos Therapeutics](https://millionrounds.com/company/aligos-therapeutics) - [SAB Biotherapeutics](https://millionrounds.com/company/sab-biotherapeutics) - [AN2 Therapeutics](https://millionrounds.com/company/an2-therapeutics) - [Pasithea Therapeutics](https://millionrounds.com/company/pasithea-therapeutics) - [*I* Innocare](https://millionrounds.com/company/innocare) - [Ossium Health](https://millionrounds.com/company/ossium-health) - [Unicycive Therapeutics](https://millionrounds.com/company/unicycive-therapeutics) - [Clene Nanomedicine](https://millionrounds.com/company/clene-nanomedicine) - [IO Biotech](https://millionrounds.com/company/io-biotech) - [Ocelot Bio](https://millionrounds.com/company/ocelot-bio) - [Pulmobiotics](https://millionrounds.com/company/pulmobiotics) ## Series B 18 - [Terns Pharmaceuticals](https://millionrounds.com/company/terns-pharmaceuticals) - [*CT* Cidara Therapeutics](https://millionrounds.com/company/cidara-therapeutics) - [Passage Bio](https://millionrounds.com/company/passage-bio) - [Expedition Therapeutics](https://millionrounds.com/company/expedition-therapeutics) - [Surrozen](https://millionrounds.com/company/surrozen) - [*BB* Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics) - [Gracell Biotechnologies](https://millionrounds.com/company/gracell-biotechnologies) - [Homology Medicines](https://millionrounds.com/company/homology-medicines) - [Avistone Pharmaceuticals](https://millionrounds.com/company/avistone-pharmaceuticals) - [SonoThera](https://millionrounds.com/company/sonothera) - [EpiBiologics](https://millionrounds.com/company/epibiologics) - [NeuroGastrx](https://millionrounds.com/company/neurogastrx) - [Platelet BioGenesis](https://millionrounds.com/company/platelet-biogenesis) - [Medeor Therapeutics](https://millionrounds.com/company/medeor-therapeutics) - [Kira Pharmaceuticals](https://millionrounds.com/company/kira-pharmaceuticals) - [*D* dMed](https://millionrounds.com/company/dmed) - [ReadCoor](https://millionrounds.com/company/readcoor) - [ASLAN Pharmaceuticals](https://millionrounds.com/company/aslan-pharmaceuticals) ## Series C and later 12 - [Trevi Therapeutics](https://millionrounds.com/company/trevi-therapeutics) - [Coherus Biosciences](https://millionrounds.com/company/coherus-biosciences) - [Arcutis Biotherapeutics](https://millionrounds.com/company/arcutis-biotherapeutics) - [IGM Biosciences](https://millionrounds.com/company/igm-biosciences) - [Metacrine](https://millionrounds.com/company/metacrine) - [RayzeBio](https://millionrounds.com/company/rayzebio) - [Pulmocide](https://millionrounds.com/company/pulmocide) - [*IN* Impel NeuroPharma](https://millionrounds.com/company/impel-neuropharma) - [Ajax Therapeutics](https://millionrounds.com/company/ajax-therapeutics) - [Genetron](https://millionrounds.com/company/genetron) - [Cerebral Therapeutics](https://millionrounds.com/company/cerebral-therapeutics) - [*SH* Swift Health Systems](https://millionrounds.com/company/swift-health-systems) ## Series A 10 - [Celcuity](https://millionrounds.com/company/celcuity) - [*LB* Lepu Bio](https://millionrounds.com/company/lepu-bio) - [Clasp Therapeutics](https://millionrounds.com/company/clasp-therapeutics) - [Icosavax](https://millionrounds.com/company/icosavax) - [Satsuma Pharmaceuticals](https://millionrounds.com/company/satsuma-pharmaceuticals) - [Ablaze Pharmaceuticals](https://millionrounds.com/company/ablaze-pharmaceuticals) - [*FT* Fortis Therapeutics](https://millionrounds.com/company/fortis-therapeutics) - [Telum Therapeutics](https://millionrounds.com/company/telum-therapeutics) - [Outpost Medicine](https://millionrounds.com/company/outpost-medicine) - [EsoBiotec](https://millionrounds.com/company/esobiotec) ## Pre-seed and seed 4 - [Signadori Bio](https://millionrounds.com/company/signadori-bio) - [OneChain Immunotherapeutics](https://millionrounds.com/company/onechain-immunotherapeutics) - [Integra Therapeutics](https://millionrounds.com/company/integra-therapeutics) - [Telomere Therapeutics](https://millionrounds.com/company/telomere-therapeutics) ## Segment by segment ### Stage not reported 23 startups · $4.0B raised - [**Candid Therapeutics**](https://millionrounds.com/company/candid-therapeutics) Candid Therapeutics was a clinical-stage biotechnology company based in San Diego, California, founded in 2024. United States $875M - [**Legend Biotech**](https://millionrounds.com/company/legend-biotech) Legend Biotech is a biopharmaceutical company that develops and commercializes novel cell therapies for oncology. United States $576M - [**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 - [**Valneva**](https://millionrounds.com/company/valneva) Valneva focuses on the development and commercialization of prophylactic vaccines for infectious diseases. France $310M - [**Biohaven Pharmaceutical**](https://millionrounds.com/company/biohaven-pharmaceutical) Biohaven is a biopharmaceutical company that develops drug candidates targeting neurological diseases. United States $280M - [**COMPASS Pathways**](https://millionrounds.com/company/compass-pathways) Compass Pathways is a mental health care company that focuses on developing therapies for treatment-resistant depression. United Kingdom $200M - [**Tourmaline Bio**](https://millionrounds.com/company/tourmaline-bio) Tourmaline Bio is a biotechnology company that develops medicines to treat inflammatory and immune diseases in patients. United States $173M - [**Celladon**](https://millionrounds.com/company/celladon) Celladon is a biotechnology company developing molecular therapies for the treatment of heart failure. United States $172M ### Series B 18 startups · $3.5B raised - [**Terns Pharmaceuticals**](https://millionrounds.com/company/terns-pharmaceuticals) Terns Pharmaceuticals is a biopharmaceutical company that focuses on discovering therapies that will improve the global disease burden. United States $730M - [*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 - [**Passage Bio**](https://millionrounds.com/company/passage-bio) Passage Bio is a fully integrated gene therapy company developing therapies for the treatment of monogenic central nervous system diseases. United States $380M - [**Expedition Therapeutics**](https://millionrounds.com/company/expedition-therapeutics) Expedition Therapeutics is a biotechnology company based in San Francisco, founded in 2024. United States $280M - [**Surrozen**](https://millionrounds.com/company/surrozen) Surrozen is a biopharmaceutical that focuses on unlocking the body’s regenerative power to treat injury and disease. United States $258M - [*BB* **Bolt Biotherapeutics**](https://millionrounds.com/company/bolt-biotherapeutics) Bolt Biotherapeutics is a biotechnology company that develops a platform for cancer immunotherapy. United States $189M - [**Gracell Biotechnologies**](https://millionrounds.com/company/gracell-biotechnologies) Gracell Biotechnologies is a developer of cancer immune therapy designed to treat cancer. China $185M - [**Homology Medicines**](https://millionrounds.com/company/homology-medicines) Homology Medicines is a genetic medicines company dedicated to transforming the lives of patients suffering from rare genetic diseases. United States $144M ### Series C and later 12 startups · $2.0B raised - [**Trevi Therapeutics**](https://millionrounds.com/company/trevi-therapeutics) Trevi Therapeutics is a clinical-stage biopharmaceutical company that develops drugs for treating uremic pruritus. United States $386M - [**Coherus Biosciences**](https://millionrounds.com/company/coherus-biosciences) Coherus Biosciences develops, manufactures, and commercializes biologic therapeutics for oncology and inflammatory diseases. United States $299M - [**Arcutis Biotherapeutics**](https://millionrounds.com/company/arcutis-biotherapeutics) Arcutis Biotherapeutics is a clinical-stage biopharmaceutical company focused on developing medical dermatology for unmet needs. United States $245M - [**IGM Biosciences**](https://millionrounds.com/company/igm-biosciences) IGM Biosciences is a biotechnology company that develops medicine for people with infectious infections, autoimmune diseases, and cancer. United States $209M - [**Metacrine**](https://millionrounds.com/company/metacrine) Metacrine is a clinical-stage bio pharmaceutical company focused on building an innovative pipeline of best-in-class drugs. United States $173M - [**RayzeBio**](https://millionrounds.com/company/rayzebio) RayzeBio is a pharmaceuticals company that develops targeted radiopharmaceutical drugs for cancer. United States $160M - [**Pulmocide**](https://millionrounds.com/company/pulmocide) Pulmocide is a private biopharmaceutical company based in London, United Kingdom, founded in 2007. United Kingdom $110M - [*IN* **Impel NeuroPharma**](https://millionrounds.com/company/impel-neuropharma) United States $107M ### Series A 10 startups · $1.7B raised - [**Celcuity**](https://millionrounds.com/company/celcuity) Celcuity is a biotechnology company translating discoveries of new cancer sub-types into expanded therapeutic options for cancer patients. United States $1.0B - [*LB* **Lepu Bio**](https://millionrounds.com/company/lepu-bio) China $160M - [**Clasp Therapeutics**](https://millionrounds.com/company/clasp-therapeutics) Clasp Therapeutics is a clinical-stage biotechnology company founded in 2020, focused on precision immuno-oncology. United States $150M - [**Icosavax**](https://millionrounds.com/company/icosavax) Icosavax is focused on developing safe and effective vaccines against infectious diseases that address important unmet medical needs. United States $119M - [**Satsuma Pharmaceuticals**](https://millionrounds.com/company/satsuma-pharmaceuticals) Satsuma Pharmaceuticals is a clinical-stage biopharmaceutical company engaged in developing a novel therapeutic product. United States $92M - [**Ablaze Pharmaceuticals**](https://millionrounds.com/company/ablaze-pharmaceuticals) Ablaze Pharmaceuticals is a clinical-stage biopharmaceutical company based in Shanghai, China, with an office in San Diego, California. China $75M - [*FT* **Fortis Therapeutics**](https://millionrounds.com/company/fortis-therapeutics) United States $58M - [**Telum Therapeutics**](https://millionrounds.com/company/telum-therapeutics) Telum Therapeutics is a biotechnology and drug-discovery company based in Noáin, Navarra, Spain, founded in 2019. Spain $25M ### Pre-seed and seed 4 startups · $26M raised - [**Signadori Bio**](https://millionrounds.com/company/signadori-bio) Signadori Bio is the next-generation cellular immunotherapy for cancer cure. France $13M - [**OneChain Immunotherapeutics**](https://millionrounds.com/company/onechain-immunotherapeutics) OneChain Immunotherapeutics is a clinical-stage biotechnology company based in Barcelona, specializing in CAR-T and other immunoth Spain $7.3M - [**Integra Therapeutics**](https://millionrounds.com/company/integra-therapeutics) Integra Therapeutics is a biotechnology company based in Barcelona, Spain, founded in 2020 as a spin-off from Pompeu Fabra University. Spain $3.2M - [**Telomere Therapeutics**](https://millionrounds.com/company/telomere-therapeutics) Telomere Therapeutics is a University of Barcelona spinoff developing telomerase gene therapy to treat pulmonary fibrosis - $2.3M **How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names Vivo 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) [Sector portfolio **Vivo Capital's Pharma portfolio** 17 startups · $2.3B](https://millionrounds.com/portfolio-maps/vivo-capital-pharma-portfolio)[Portfolio map **Vivo Capital portfolio map** 98 startups · $17B](https://millionrounds.com/portfolio-maps/vivo-capital-portfolio-map)[Co-investors **Who invests with Vivo Capital** 73 co-investors](https://millionrounds.com/portfolio-maps/vivo-capital-co-investors)[Sector portfolio **RA Capital Management's Biotech portfolio** 197 startups · $38B](https://millionrounds.com/portfolio-maps/ra-capital-management-biotech-portfolio)[Sector portfolio **OrbiMed's Biotech portfolio** 176 startups · $28B](https://millionrounds.com/portfolio-maps/orbimed-biotech-portfolio)[Sector portfolio **Pioneer Fund's AI portfolio** 171 startups · $2.8B](https://millionrounds.com/portfolio-maps/pioneer-fund-2-ai-portfolio) ## Raising from investors like Vivo Capital? 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