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Decheng Capital — Portfolio

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

51
Companies
$3.7B
Total invested
$71.9M
Avg. check
12
Industries
Biotechnology 20Health Care 16Medical 9Biopharma 6Pharmaceutical 5Health Diagnostics 4+6 more
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Portfolio companies

Showing 1–24 of 51
Adela
October 2026

Adela creates develops technologies centered around detecting high-risk conditions like cancer through routine blood tests.

Biotechnology · Foster City$12.0M Convertible Note
Shape Therapeutics
July 2026

A biotechnology company developing RNA technologies to shape the future of gene therapy

Biotechnology · Seattle$112.0M Grant
Everest Medicines
May 2026

Everest Medicines is dedicated to its mission of developing and commercializing novel transformative pharmaceutical therapies for patients.

Biotechnology · New York$6.8M Post-IPO Secondary
Whitehawk Therapeutics
May 2026

Whitehawk Therapeutics, a clinical-stage oncology therapeutics firm, applies cutting-edge technologies to well-established tumor biology.

Biopharma · Pacific Palisades$87.5M Post-IPO Equity
Equillium
March 2026

Equillium is a biotechnology company that develops products for autoimmune and inflammatory disorders with an unmet medical need.

Biopharma · La Jolla$35.0M Post-IPO Equity
Polares Medical
March 2026

Polares medical is a medical device company with a novel device for treating mitral valve regurgitation.

Health Care · Palo Alto$50.0M Series C
Terns Pharmaceuticals
December 2025

Terns Pharmaceuticals develops small-molecule therapies for chronic diseases including cancer, metabolic disorders, and liver conditions.

Biotechnology · Foster City$650.0M Post-IPO Equity
Excellergy
October 2025

Excellergy develops immunology-based therapies focused on treating allergic diseases through novel biologic drug candidates.

Biotechnology · Palo Alto$70.0M Series A
Nalu Medical
September 2025

Nalu Medical is a medical technology company that offers neurostimulation system designed to treat chronic nerve pain.

Health Care · Carlsbad$50.0M Venture - Series Unknown
Solve Therapeutics
December 2024

Solve Therapeutics is a biopharmaceutical company that develops Antibody Drug Conjugate and Bispecific Therapeutics.

Biopharma · Belmont$50.4M Venture - Series Unknown
Ottimo Pharma
December 2024

Ottimo Pharma develops innovative cancer therapies using PD1-VEGFR2 antibodies.

Biotechnology · Sandwich$140.0M Series A
CG Oncology
December 2024

CG Oncology is a clinical-stage biopharmaceutical company focused on the development of oncolytic immunotherapies to combat cancer.

Biotechnology · Irvine$238.0M Post-IPO Equity
Aardvark Therapeutics
May 2024

Aardvark Therapeutics specializes in small molecule therapeutics for obesity and rare genetic metabolic disorders.

Biotechnology · San Diego$85.0M Series C
LevitasBio
March 2024

LevitasBio is advancing science and human health by providing researchers with a new and powerful method of cellular analysis.

Analytics · San Francisco$11.8M Venture - Series Unknown
ImmPACT Bio
February 2024

ImmPACT Bio USA is developing novel cell therapies for treating cancer.

Biotechnology · Camarillo$8.0M Grant
Firefly Bio
February 2024

Firefly Bio specializes in Degrader Antibody Conjugates (DACs) which combine the unique strengths of ADCs with selective protein degraders.

Biotechnology · San Francisco$94.0M Series A
PackGene Biotech
December 2023

PackGene Biotech provides CRO/CDMO services for gene therapy and cell therapy researchers and developers.

Biotechnology · Houston$14.1M Series C
Alpine Immune Sciences
November 2023

Alpine Immune Sciences is an immunotherapy company focused on developing treatments for autoimmune and inflammatory diseases.

Biotechnology · Seattle$150.0M Post-IPO Equity
VintaBio
April 2023

VintaBio is a life sciences company that offers cell and gene therapy manufacturing services.

Biotechnology · Philadelphia$64.0M Venture - Series Unknown
Apexigen
January 2023

Apexigen is a clinical-stage biopharmaceutical company focused on discovering and developing a new antibody therapeutics for oncology.

Biopharma · San Carlos$2.8M Post-IPO Equity
Xtremity
October 2022

Xtremity develops a medical device to offer better connection sockets for prosthetics.

Health Care · Denver$8.1M Series B
ACELYRIN
September 2022

ACELYRIN is a biopharma company that identifies, acquires, and accelerates the development and commercialization of life-changing therapies.

Biopharma · Los Angeles$300.0M Series C
Watchmaker Genomics
June 2022

Watchmaker Genomics is a biotechnology company that focuses on breakthrough applications for reading, writing, and editing DNA.

Biotechnology · Boulder$40.0M Series A
Phrontline Biopharma
November 2025

Phrontline Biopharma develops biopharmaceutical products to treat cancer through innovative antibody-drug conjugate technology.

Biopharma · Shanghai$60.0M Seed

Where Decheng Capital invests

Biotechnology20
Health Care16
Medical9
Biopharma6
Pharmaceutical5
Health Diagnostics4

About Decheng Capital's portfolio

How many companies has Decheng Capital invested in?▸

Decheng Capital has invested in 51 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Decheng Capital invest in?▸

Decheng Capital's top investment sectors include Biotechnology, Health Care, Medical, Biopharma, Pharmaceutical. The firm invests across 12 different industry categories.

What is Decheng Capital's largest investment?▸

Among tracked funding rounds, Terns Pharmaceuticals received $650.0M in a Post-IPO Equity round. Decheng Capital's total known invested capital is $3.7B.

What is the average investment size for Decheng Capital?▸

Decheng Capital's average investment size is $71.9M across its portfolio of 51 companies.

What are Decheng Capital's most recent investments?▸

Recent Decheng Capital portfolio additions include Adela, Shape Therapeutics, Everest Medicines, Whitehawk Therapeutics, Equillium. These companies were founded in 2020 or later.

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