Fundraising Fox

HBM Healthcare Investments

Crossover fund

Zug · Growth–Late Stage · 7 people tracked

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Investment thesis

HBM Healthcare Investments targets the global healthcare sector, which it views as a large and fast-growing economic area driven by demographic change (population growth and aging), medical progress and innovation, rising prosperity in emerging markets, and improved access to medical products and services. It maintains a globally diversified portfolio spanning both private and publicly listed healthcare companies, aiming for attractive long-term performance in net asset value (NAV) per share and share price. The firm has historically delivered a distribution yield of roughly 3 to 5 percent per year.

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
HQ
Zug, CH
Instruments
Equity
Founded
2001
Last 12 months
1 investment
AUM
$95M
Tracked investments
7

Team · 7 people

from the firm's website & public directories
Erwin Troxler· CFOin

What they invest in

from 6 of 7 portfolio companies

Biotech ×5Healthtech ×4Medical Devices ×1

HQs:United States×5

Investments · 7 tracked

founders shown can be your intro path

By year:2026 · 12024 · 12017 · 13 dated

Amphora MedicalJul 2017

HealthtechMaple Grove, US

Tom Ressemann(Executive Officer, Director)

BoardMichael Liang(Director)Robert Weisskoff(Director)inDan Sachs(Director)

Co-investorsF-Prime CapitalBaird CapitalLongitude Capital

Bluejay TherapeuticsinMay 2024 · $182M

Healthcare company acquired by Mirum Pharmaceuticals, a former RiverVest portfolio company.

San Mateo, US

Keting Chu(Executive Officer, Director)Dajun Yang(Director)Nancy Hong(Director)Alon Lazarus(Director)William J. Rutter(Director)Ting Jia(Director)

Co-investorsFrazier Life SciencesRA CapitalRiverVest Venture PartnersNovo HoldingsT. Rowe PriceWellington Management

Curevo Vaccinecurevovaccine.comin

Curevo Vaccine is a clinical-stage biotech company developing non-mRNA vaccines, with a lead adjuvanted subunit vaccine candidate (amezosvatein/CRV-101) for shingles and chickenpox.

BiotechHealthtech

Co-investorsAdjuvant CapitalOrbiMedRA CapitalSanofi VenturesJanus Henderson InvestorsMedicxi

Dren Biodrenbio.com

Dren Bio is a clinical-stage biopharmaceutical company developing novel antibody therapeutics designed to selectively eliminate pathogenic cells and disease-causing agents, with a pipeline targeting oncology, autoimmune diseases, immunology, and neurology.

BiotechHealthtechMedical DevicesFoster City, US

Nenad Tomasevic(Executive Officer, Director)

BoardIvan Trifunovich(Director)John Wesley(Director)

Co-investors8VCAisling CapitalMission Bay CapitalMission BiocapitalOlive Tree CapitalSR One Capital Management+1 more

Homology Medicineshomologymedicines.com

Clinical-stage genetic medicines company using human-derived AAV vectors and nuclease-free gene editing for rare diseases.

BiotechBedford, US

Siyamak Rasty(Executive Officer)Albert Seymour(Executive Officer)

BoardSteven Gillis(Director)Arthur Tzianabos(Executive Officer, Director)Kush Parmar(Director)inRichard Gregory(Director)

Co-investors5AM VenturesARCH Venture PartnersOUP (Osage University Partners)AlexandriaDeerfield Management CompanyMaverick Ventures+4 more

Lycia Therapeuticslyciatx.comin𝕏Jun 2026 · $75M

Lycia Therapeutics is a biotechnology company developing LYTAC (Lysosomal Targeting Chimera) therapeutics that bind disease-causing extracellular and cell-surface proteins and route them into the cell's lysosome for degradation.

BiotechHealthtechSouth San Francisco, US

Aetna Wun Trombley(President and CEO)Amy Bachrodt(Chief Financial Officer)Chin Lee(Chief Medical Officer)Steve Staben(Chief Scientific Officer)Sofia Touami(Chief Business Officer)Karen Flick(General Counsel)

Co-investorsREDMILEVersant VenturesBAM ElevateFranklin TempletonInvusJanus Henderson Investors+4 more

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does HBM Healthcare Investments invest at?
HBM Healthcare Investments invests at the Growth, Late Stage stages.
What sectors does HBM Healthcare Investments focus on?
HBM Healthcare Investments focuses on Biotech, Digital Health, Healthtech, Longevity, Medical Devices.
Where is HBM Healthcare Investments located?
HBM Healthcare Investments is headquartered in Zug, CH.

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