/Investor DB

EFung Capital

Venture capital

Shenzhen · Series A–Growth

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Investment thesis

EFung Capital concentrates on global biopharmaceutical and biomedical VC/PE investing, aiming to use capital to drive the industrialization of biotech innovations. Its investment team is composed of biomedical PhDs from top domestic and international universities, giving it deep specialist expertise. The firm leverages abundant industry resources and quality deal flow across both China and the US, and structures investment strategies around companies' core needs. It operates a systematic 'five-in-one' model integrating investment, financing, risk control, management, and service, and provides customized post-investment support to enhance portfolio company value. EFung has backed numerous companies that later completed IPOs.

Source: firm website, verified Sep 27, 2026.

Stage
Series A–Growth
HQ
Shenzhen, CN
Instruments
Equity
Founded
2012
Tracked investments
76

What they invest in

from 29 of 76 portfolio companies

Healthtech ×22Biotech ×21Medical Devices ×13Hardware ×3Digital Health ×2Advanced Manufacturing ×1AI & Machine Learning ×1Deep Tech ×1

HQs:China×13United States×5

Who they back

founder profiles across 8 portfolio companies
75%
solo founders
6 of 8 mapped founding teams

Founding team size:solo founder×62 founders×2

Investments · 76 tracked

founders shown can be your intro path
ACM BIOLABSacmbiolabs.com

ACM Biolabs develops a patent-protected polymer/lipid hybrid, non-viral drug delivery technology (ATP) that carries payloads such as oligonucleotides, small molecules, proteins, and mRNA to improve their efficacy.

BiotechHealthtech

Madhavan Nallani(Founder)

Alevaaleva-neuro.com

Aleva Neurotherapeutics develops a high-resolution neurostimulation platform that delivers targeted therapy with high selectivity.

HealthtechMedical Devices

Co-investorsKinled Holding

Apexigenapexigen.comNov 2019

BiotechSan Carlos, US

Xiaodong Yang(President, CEO and Secretary)inOvid Trifan(Executive Officer)Amy Wong(Executive Officer)Francis Sarena(Chief Operating Officer)Frank Hsu(Chief Medical Officer)William Duke, Jr.(Chief Financial Officer)

Co-investorsShangBay Capital LLCSVE Capital3E Bioventures CapitalDecheng CapitalSv Tech Ventures, Inc.Virtus Inspire Ventures

Asieris Pharmaceuticalsasieris.cnin𝕏

Asieris (亚虹医药) is a pharmaceutical company developing diagnostic and therapeutic products focused on women's reproductive health and urologic cancers, including treatments for cervical precancerous lesions and bladder cancer.

BiotechFemTechMedical Devices

Kevin Pan(Founder)

Co-investorsQiming Venture PartnersTriWise CapitalYF Capital

BeyondSpring Pharmaceuticalsbeyondspringpharma.comin𝕏

Beyond Spring Pharmaceuticals develops Plinabulin, a brain-penetrant immune modulator that activates dendritic cells through a differentiated tubulin-binding mechanism, intended to enhance antigen presentation and T cell activation for select tumor types.

BiotechHealthtechMedical Devices

Co-investorsDecheng CapitalSangel Capital

Centrexion Therapeuticscentrexion.comin𝕏

Centrexion develops therapies for the treatment of pain, focusing on the design and execution of clinical trials for pain drug development.

BiotechHealthtechBaltimore, US

James N. Campbell(President, Chief Scientific Officer)inKerrie L. Brady(Executive Officer)inGregg Beloff(Executive Officer)Jeffrey B. Kindler(Chief Executive Officer)inCharles Oh(Chief Medical Officer)inSmital Shah(Acting CBO)in

Co-investorsCatalio Capital Management, LPNew Enterprise Associates (NEA)Quan Capital6 Dimensions CapitalAvoro Capital AdvisorsExome Asset Management

Chipscreenchipscreen.com

Xian-ping LU(Founder)in

Co-investorsLAVLilly Asia VenturesLYZZ CapitalVertex Ventures China

Elicioelicio.comin𝕏

Elicio Therapeutics is a biopharmaceutical company focused on developing therapeutic treatments.

BiotechHealthtech

Co-investorsClal Biotechnology Industries

HaploX Biotechnologyhaplox.cn

HaploX (海普洛斯) develops gene sequencing, liquid biopsy, and genomic big-data technologies for cancer detection and genetic screening.

AI & Machine LearningBiotechDigital HealthShenzhen, CN

Chen Shifu(Founder)in

Harbour BioMedharbourbiomed.comin

Biopharma company (和铂医药), HK-listed (02142.HK).

Jingsong Wang(Founder)in

Co-investorsVertex Ventures ChinaLegend Capital

Insight Lifetechinsight-med.com

Insight-Med is a medtech company developing interventional cardiovascular devices, including a domestic fractional flow reserve (FFR) system approved by China's NMPA and an intravascular ultrasound (IVUS) system for precision diagnosis and treatment of cardiovascular diseases.

HealthtechMedical DevicesShenzhen, CN

Co-investorsDecheng CapitalHongShan Capital GroupQiming Venture Partners

Lifotroniclifotronic.com

Lifotronic is a Chinese medical diagnostics and healthcare company that develops in vitro diagnostic products, clinical medical devices, dermatology and aesthetic solutions, and consumer health offerings.

Digital HealthHealthtechMedical DevicesShenzhen, CN

Co-investorsGreen Pine Capital Partners

LumiTheralumithera.com

LumiThera develops the Valeda Light Delivery System, an FDA-authorized photobiomodulation (PBM) device that applies multiple light wavelengths to treat early and intermediate dry age-related macular degeneration (AMD).

BiotechHealthtechMedical DevicesPoulsbo, US

Tracy Puckett(Executive Officer)Clark Tedford(Executive Officer, Director)inScott Bradley(Executive Officer)inDuane Morrison(Executive Officer)inCindy Croissant(Executive Officer)Ryan Montecucco(Executive Officer)

Co-investors3E Bioventures CapitalKeiretsu ForumLife Sciences Greenhouse InvestmentsImagine VenturesKeiretsu Capital

Preceptis Medicalpreceptismedical.comin

HealthtechGolden Valley, US

Steve Anderson(Executive Officer, Director)inJoe Delgado(Executive Officer)inJohn Seaberg(Executive Officer, Director)inToni Baraga(Executive Officer)

BoardFeng Jiang(Director)Buzz Benson(Director)

Co-investorsHeuristic Capital Partners

Tactiva Therapeuticstactivatherapeutics.com

Tactiva Therapeutics develops immuno-oncology treatments using adoptive cell therapy approaches for cancer patients.

BiotechHealthtechMedical DevicesChicago, US

Richard C. Koya(Co-Founder)Kunle Odunsi(Co-Founder)Jay Zhang(CEO)

Co-investorsPanacea VentureVI Partners

We Medwe-med.com

Weimai (唯迈) develops medical imaging systems and clinical solutions for interventional procedures, including cardiovascular, neurointerventional, gastrointestinal, obstetric/gynecological (low-dose), and orthopedic imaging.

HardwareHealthtechMedical Devices

Co-investorsMarathon Venture Partners

亨利药业kbpbiosciences.com

KBP Biosciences is a biotechnology research and development organization that discovers and develops innovative therapeutic drugs for unmet medical needs using an integrated discovery and development platform.

Biotech

Co-investorsSangel Capital

众生睿创raynovent.com

Guangdong Raynovent Biotech is a biotech company focused on discovering, developing, and commercializing innovative drugs for respiratory and metabolic diseases.

BiotechHealthtechGuangzhou, CN

凯实生物quaerolife.com

Quaero Life (Jiaxing Kaishi Biotechnology) develops, manufactures, and services in vitro diagnostic (IVD) instruments and life science consumables, providing automated and intelligent solutions for the IVD industry.

Advanced ManufacturingBiotechMedical DevicesJiaxing, CN

Co-investorsShanghai Creation Investment

天勤生物topgenebio.com

Hubei Topgene Biotechnology is a CRO founded in 2009 that specializes in large-animal studies and focuses on preclinical drug research and evaluation, offering nonclinical safety, pharmacodynamics, pharmacokinetics, bioanalysis, molecular imaging, medical device evaluation, and non-human primate breeding services.

BiotechHealthtechMedical DevicesWuhan, CN

天港医诺tgimmunopharma.com

TG ImmunoPharma is a biotech company focused on NK (natural killer) cell-based therapeutics.

Biotech

思路迪3dmedcare.com

Pharma technology company founded in 2010 focused on precision oncology medicine.

Co-investorsCo-Win VenturesSangel Capital

新元素药业atomthera.com

Atom Therapeutics is a clinical-stage biopharmaceutical company developing small-molecule therapies for chronic gout, acute gout, and hyperuricemia.

BiotechHealthtech

景泽生物jingzepharma.com

Jingze (Jingze Biopharmaceutical) is a Chinese biopharmaceutical company developing drug candidates focused on assisted reproduction and ophthalmology.

BiotechHealthtechChengdu, CN

核心医疗coretechmed.com

Shenzhen CoreTech Medical develops and manufactures artificial hearts and mechanical circulatory support devices for patients with advanced refractory heart failure.

HardwareHealthtechMedical DevicesShenzhen, CN

海普瑞resverlogix.com

Resverlogix is a late-stage clinical biotechnology company developing epigenetic therapeutics for patients with chronic illnesses and high unmet medical need.

BiotechHealthtech

Donald McCaffreyNorman Wong

禾元生物oryzogen.com

Wuhan Oryzogen is a biopharmaceutical company that develops plant-based recombinant protein expression technology and products, having built an industrialization and quality-assurance system for plant-derived biologic drugs in China.

BiotechHealthtechWuhan, CN

苏州美创meimedical.com

Suzhou Meichuang Medical Technology develops, manufactures, and commercializes high-end medical devices focused on peripheral vascular intervention, tumor/oncology intervention, and hemodialysis access.

HardwareHealthtechMedical DevicesSuzhou, CN

西湖欧米westlakeomics.com

Westlake Omics develops FAXP spatial proteomics technology, which uses tissue volume expansion to improve the quantity and quality of protein identifications while reducing analysis time.

BiotechDeep TechHealthtech

资福医疗jifu-tech.com

Shenzhen Jifu Medical Technology develops magnetically controlled capsule endoscopy systems for gastrointestinal examination, used in hospital digestive/gastroenterology settings.

HealthtechMedical DevicesShenzhen, CN

高光制药highlightpharma.com

Highlight Pharma (高光制药) is a clinical-stage biopharmaceutical company developing novel drugs for autoimmune and inflammatory diseases of the peripheral and central nervous systems.

BiotechHealthtech

鸿运华宁生物医药gmaxbiopharm.com

Gmax Biopharm develops therapeutic monoclonal antibodies targeting G protein-coupled receptors (GPCRs), using proprietary antibody discovery platforms.

Biotech

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

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Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has EFung Capital made?
EFung Capital has 76 tracked investments.
What stage does EFung Capital invest at?
EFung Capital invests at the Series A, Series B, Series C, Growth stages.
What sectors does EFung Capital focus on?
EFung Capital focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is EFung Capital located?
EFung Capital is headquartered in Shenzhen, CN.
Who does EFung Capital co-invest with?
EFung Capital most often shares deals with Sangel Capital, Decheng Capital, Qiming Venture Partners, among 24 tracked co-investors.

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