/Investor DB

HealthCap

Venture capitaloperating company · company profile

Stockholm · Seed–Growth · 33 people tracked

Also known as HEALTHCAP ADVISOR AB · HEALTHCAP IX ADVISOR AB · HEALTHCAP VII ADVISOR AB · HEALTHCAP VIII ADVISOR AB

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Investment thesis

HealthCap invests in and helps build life science companies developing breakthrough therapies with a high unmet medical need. It focuses on emerging therapeutics, particularly targeted treatments for rare diseases, cancers, and genetic diseases. The firm emphasizes deep medical expertise across medicine, finance, and biochemistry, and aims to challenge existing medical paradigms to find new ways to treat or cure diseases and improve quality of life. HealthCap stresses a responsible and sustainable approach to investing and ownership, collaborating with investors, academia, portfolio companies, patients, and other societal stakeholders to create long-term value and positive impact.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Growth
HQ
Stockholm, SE
Instruments
Equity
Founded
1996
Last 12 months
4 investments
AUM
$1.1B
VC funds
1
Tracked investments
126
Unicorns
3
IPOs
3
Acquisitions
4

Team · 33 people

from the firm's website & curated & public directories
Dag Richter· General Partner
Daniel Schafer· General Partner
Gunilla Byström· Office Managerin

Office Manager since 1997 who ensures day-to-day office operations and organizes HealthCap events.

Nattiya Simmano· Receptionist

Receptionist responsible for conference facilities and supporting the workplace.

Founder mafia

3 people who came through HealthCap went on to found or lead other companies.

What they invest in

from 46 of 126 portfolio companies

Biotech ×40Healthtech ×30Medical Devices ×24Digital Health ×9Deep Tech ×5Hardware ×2AgTech ×1AI & Machine Learning ×1

HQs:United States×15Sweden×12Switzerland×2Germany×1Denmark×1Finland×1

Who they back

founder profiles across 18 portfolio companies
56%
solo founders
10 of 18 mapped founding teams
24%
repeat founders
of 17 founders with career history
~5 yrs
old at investment
median across 11 dated deals

Founding team size:solo founder×102 founders×43 founders×24+ founders×2

What their founders studiedfrom 16 founders with field-of-study data

Life Sciences ×10Medicine ×3

Where their founders worked beforefrom 17 founders with career history

Göteborgs universitet ×2Linköping University ×2

Investments · 126 tracked

founders shown can be your intro path

By year:2026 · 32025 · 22023 · 12022 · 22021 · 22020 · 42019 · 22018 · 32017 · 12015 · 32014 · 32012 · 130 dated

Pulmonx Corp.pulmonx.comin𝕏NASDAQ: LUNGSeries C · Jun 2015 · $32M

Pulmonx develops the Zephyr Valve, a bronchoscopic device used to treat patients with severe COPD/emphysema without surgery.

BiotechHealthtechMedical DevicesSan Jose, US

LAUREN CRISTINA(Executive Officer)inSri Radhakrishnan(Chief Technology Officer)inMICHAEL BAKER(Executive Officer, Director)inGlendon E. French(Chief Executive Officer and Director)Derrick Sung(Chief Operating Officer and Chief Financial Officer)inGeoffrey Beran Rose(Chief Commercial Officer)

Board seatStaffan Lindstrand· per SEC Form D

Co-investorsBand of AngelsKaiser Permanente VenturesKleiner PerkinsLatterell Venture PartnersMontreux Equity PartnersAlly Bridge Group

Spruce Biosciencessprucebiosciences.comin𝕏NASDAQ: SPRBFeb 2020

Spruce Biosciences develops and commercializes therapies for serious neurological and endocrine disorders with unmet medical need, with a lead investigational enzyme replacement therapy (TA-ERT) for Mucopolysaccharidosis Type IIIB (Sanfilippo Syndrome Type B).

BiotechHealthtechSouth San Francisco, US

Samir Gharib(Executive Officer)inRICHARD KING(Executive Officer, Director)inJavier Szwarcberg(Chief Executive Officer)in

BoardSimpson Camilla(Director)Tiba Aynechi(Director)inBali Muralidhar(Director)in

Board seatJonas Hansson· per SEC Form D

Co-investorsAisling CapitalRiverVest Venture PartnersAbingworthNorwest Venture PartnersNovo HoldingsOmega Funds+1 more

Hemab Therapeuticshemab.comin𝕏NASDAQ: COAG

Hemab develops targeted therapies for bleeding and clotting disorders such as Glanzmann thrombasthenia, Factor VII deficiency, Von Willebrand Disease, and heavy menstrual bleeding.

BiotechDigital HealthHealthtechMedical Devices

Co-investorsAccess BiotechnologyAvoro Capital AdvisorsNovo HoldingsSofinnova PartnersRA Capital

Doctrindoctrin.sein✓ verified

Doctrin provides a communication platform that helps healthcare providers digitize the patient journey, including structured medical history intake and case triage to the right clinical professional.

Digital HealthEnterprise SoftwareHealthtechSaaSStockholm, SE

Co-investorsNorrsken VCNorrsken Accelerator

Gesynta Pharmagesynta.sein✓ verified

Gesynta Pharma is a pharmaceutical company developing non-hormonal, anti-inflammatory drug candidates that inhibit the mPGES-1 enzyme, with a lead program in endometriosis.

BiotechDigital HealthFemTechMedical DevicesStockholm, SE

Patric Stenberg(Founder)Gunilla Ekström(Founder)in

Co-investorsAmboy Street VenturesForeground CapitalHadean VenturesIndustrifondenXGEN VentureCatalyze Capital

Oncorenaoncorena.cominDec 2021 · $7M✓ verified

Oncorena is a Swedish pharmaceutical company developing a breakthrough treatment for metastatic renal cancer based on the drug candidate ONC175 (orellanine).

BiotechHealthtechMedical DevicesStockholm, SE

Börje Haraldsson(Research lead)inJenny NyströminUlf NilssonLisa BuvallinPål FalckinSusanna Dahlgren(Chief Operating Officer)in

Co-investorsFSGGU Ventures AB

Priothera Ltd.priothera.comSeries A · Oct 2020 · $35M✓ verified

Priothera is a clinical-stage biotech developing mocravimod (an S1P receptor modulator) for hematologic malignancies such as acute myeloid leukemia.

BiotechHealthtech

Florent Gros(Chief Executive Officer and Founder)Stephan Oehen(Chief Operating Officer and Founder)inBrice Suire(Chief Financial Officer and Founder)Nigel Clark(Chief Business Officer)Jens Hasskarl(Chief Medical Officer)

Co-investorsFountain Healthcare Partners4see Ventures

SynOx Therapeutics Ltdsynoxtherapeutics.comin𝕏Nov 2020✓ verified

SynOx Therapeutics develops emactuzumab, a monoclonal antibody treatment for tenosynovial giant cell tumours (TGCT) and macrophage-mediated diseases.

BiotechHealthtechMedical Devices

Ray Barlow(Chief Executive Officer)in

Co-investorsBioqube VenturesForbionGimvMedicxiRed Tree Venture

Tribune Therapeutics ABtribunetx.cominMar 2025✓ verified

Tribune Therapeutics is a preclinical biopharmaceutical company developing medicines that target CCN protein family signaling (such as CCN2/CTGF) to block fibrotic pathways.

BiotechHealthtech

Ole Kaasbøll(Co-founder)

Co-investorsIndustrifondenInnovestor VenturesLifeArc VenturesInvestinorNovo Holdings

Vivet Therapeuticsvivet-therapeutics.comin𝕏✓ verified

Vivet Therapeutics is a clinical-stage biotechnology company developing recombinant adeno-associated virus (rAAV) gene therapies for rare, inherited metabolic diseases, including Wilson's Disease and cerebrotendinous xanthomatosis.

BiotechHealthtechParis, FR

Co-investorsKurma PartnersNovartis Venture FundRoche Venture FundYsios CapitalColumbus Venture PartnersEurazeo+1 more

InCarda Therapeuticsincardatherapeutics.cominOct 2017 · $30M

Incardatherapeutics develops drug therapies for treating atrial fibrillation using synergistic combinations of anti-arrhythmic agents, with delivery platforms designed for both hospital and at-home settings.

BiotechDigital HealthMedical DevicesBrisbane, US

Carlos A. Schuler(Executive Officer, Director)inJohn S. Patton(Executive Officer, Director)inRangachari Narasimhan(Executive Officer, Director)Grace Colon(Executive Officer, Director)inMiller Samantha(Executive Officer)

BoardMcCarthy Reenie(Director)

Board seatJohan Christenson· per SEC Form D

Co-investorsAsset Management CompanySofinnova VenturesDeerfield Management Company

NephroGenexinNov 2015SEC filingmedium confidence

BiotechRaleigh, US

Jaikrishna Patel(Executive Officer)Pierre Legault(Executive Officer, Director)inJames Mitchum(Director)John Hamill(Executive Officer)in

BoardRobert Seltzer(Director)

Board seatEugen Steiner· per SEC Form D · $28.5M raise · filed Nov 2015

Adcendoadcendo.dkSeries A · Apr 2021 · $62M

Adcendo develops antibody-drug conjugates (ADCs) engineered to treat cancers with high unmet medical needs.

BiotechDigital HealthMedical Devices

Co-investorsVida VenturesYsios CapitalJeito Capital

Adcendo ApSadcendo.com

Adcendo develops antibody-drug conjugates (ADCs) targeting cancers with high unmet medical need.

BiotechMedical Devices

Co-investorsVida VenturesJeito CapitalNovo HoldingsOrbiMedPontifax Venture CapitalRA Capital+3 more

Aerogenaerogen.comin𝕏

Aerogen develops aerosol drug delivery systems for hospital and ICU use, enabling targeted delivery of proteins, peptides, and solutions to the lungs.

Deep TechHardwareHealthtechMedical DevicesGalway, IE

John Power(Founder & CEO)in

Co-investorsTemasek

Affibody ABaffibody.se

Affibody is a biotechnology company developing radiopharmaceuticals and radioligand therapeutics based on its proprietary Affibody platform, aimed at treating cancer patients.

BiotechHealthtech

Algetaalgeta.comacquired by Bayer · Dec 2013 · $2.9B

Algeta was a Norwegian oncology company developing alpha-particle radiopharmaceuticals, notably Xofigo (radium-223 dichloride) for bone metastases in prostate cancer.

Co-investorsAdvent Life SciencesBirk VentureAbingworth

AMRA Medical ABamramedical.comin𝕏Sep 2026

AMRA Medical is a global health informatics company specializing in MRI-based fat distribution and muscle composition analysis for precision medicine applications.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesLinköping, SE

Magnus Borga(Co-Founder)inOlof Dahlqvist Leinhard(Chief Executive Officer, Co-Founder)in

Co-investorsIndustrifondenPfizer Venture Investments

analogrxlist.com

RxList is an online medical resource providing detailed pharmaceutical information on brand and generic drugs, written and reviewed by pharmacists and physicians.

Digital HealthHealthtechMedia & EntertainmentSan Clemente, US

Co-investorsACVC PartnersAlleyCorpAnzu PartnersConstellation Technology VenturesIn-Q-TelMaverick Silicon+4 more

Apreaaprea.comin𝕏Dec 2025

Aprea Therapeutics is a biopharmaceutical company developing novel cancer therapies targeting DNA damage response pathways to treat solid tumors including ovarian, colorectal, prostate, and breast cancers.

BiotechDigital HealthMedical DevicesDoylestown, US

John P. Hamill(Executive Officer)inOren Gilad(Chief Executive Officer, President)in

BoardJean-Pierre Bizzari(Director)Gabriela Gruia(Director)Rifat Pamukcu(Director)Bernd Seizinger(Director)

Co-investors5AM VenturesRobin Hood VenturesRosetta Capital Ltd.Versant VenturesSoleus Capital

Aro Biotherapeuticsarobiotx.comin𝕏Nov 2023

Aro Biotherapeutics develops tissue-targeted genetic medicines using a proprietary protein technology called Centyrins.

BiotechHealthtechPhiladelphia, US

Karyn O'Neil(Executive Officer, Director)Susan Dillon(Founder)inMark V. Laurenzi(Executive Officer)

BoardElizabeth Anderson(Director)Bruce Peacock(Director)

Co-investorsAvego BioScience CapitalAgent CapitalBiotechnology Value FundCowen Healthcare InvestmentsJohnson & Johnson Innovation – JJDCNorthpond Ventures

BioClin TherapeuticsinMay 2018

BiotechSan Leandro, US

Steve Abella(Chief Medical Officer)inGraeme Currie(Chief Operating Officer)inStephen W. Lau(President, Chief Executive Officer, and Treasurer)inKenneth Schwartz(Executive Officer)inEric Yuen(Executive Officer)inMarten Steen(Director)in

Co-investorsEQT Life SciencesInkefSectoral Asset ManagementSofinnova VenturesYsios Capital

Bonesupport ABbonesupport.comin

BoneSupport develops synthetic bone graft substitutes that remodel to match patient bone and elute antibiotics to prevent infection during healing.

BiotechHealthtechMedical Devices

Co-investorsIndustrifonden

Carisma Therapeuticscarismatx.comDec 2020 · $53M

CAR-Macrophage cellular therapeutics with initial oncology focus (NASDAQ: CARM).

BiotechPhiladelphia, US

Steven Kelly(Executive Officer, Director)in

BoardMargarita Chavez(Director)inEran Nadav(Director)Althea Stillman(Director)Jacob Gunterberg(Director)Regina Hodits(Director)in

Co-investorsAgent CapitalAju IB InvestmentAnzu PartnersGrazia Equity GmbHMRL Ventures FundSolasta Ventures+3 more

Carmeda ABcarmeda.se

Carmeda develops the CARMEDA BioActive Surface, a heparin-based coating technology that it licenses to medical device manufacturers worldwide for use on their approved products.

BiotechMedical DevicesNew Materials

Cortendo ABcortendo.com

BiotechRadnor, US

Ruth Thieroff-Ekerdt(Executive Officer)Robert Lutz(Executive Officer)Alexander Lindstrom(Executive Officer)Matthew Pauls(Executive Officer)

BoardEigil Stray Spetalen(Director)Espen Tidemann Jorgensen(Director)

Co-investorsBirk Venture

CurifyLabscurifylabs.cominSeries A · Jul 2026 · $14M

CurifyLabs develops an automated compounding system for pharmacies that uses robotics, GMP-manufactured excipient bases, and integrated quality control software to enable faster, safer preparation of customized medications.

Digital HealthHealthtechMedical DevicesHelsinki, FI

Charlotta Topelius(CEO & Founder)inNiklas Sandler TopeliusNiklas Sandler(CTO & Founder)in

Co-investorsLifeline VenturesSandwaterTesi (Finnish Industry Investment Ltd)

Cytos Biotechnology AGcytos.comin

Cytos is an orthobiologics company that develops biologic treatments for orthopedic conditions.

BiotechHealthtechMedical Devices

Co-investorsAisling Capital

Dynavaxdynavax.comin𝕏acquired by Sanofi · Dec 2025 · $2.2B

Dynavax is a commercial-stage biopharmaceutical company that develops and commercializes vaccines against infectious diseases using its adjuvant technology.

BiotechHealthtechDüsseldorf, DE

Ryan Spencer(Chief Executive Officer)inDavid Novack(President and Chief Operating Officer)inRobert Janssen(Chief Medical Officer and Senior Vice President, Clinical Development)inKelly MacDonald(Chief Financial Officer)inJeff Coon(Chief Human Resources Officer)Donn Casale(Chief Commercial Officer)in

Co-investorsBain Capital Life SciencesSanderling Ventures

Esperion Therapeuticsesperion.comJun 2014

Biopharma developing HDL-C regulating therapies; listed 2000.

BiotechAnn Arbor, US

Roger S. Newton(Director)inTim M. Mayleben(Executive Officer, Director)

BoardDaniel Janney(Director)Dov A. Goldstein(Director)Nicole Vitullo(Director)inPatrick Enright(Director)in

Co-investorsAisling CapitalAlta PartnersArboretum VenturesARCHIMED JapanAsset Management CompanyCanaan Partners+3 more

FerroKin BiosciencesinSeries B · Feb 2012 · $12Macquired by Shire

Developed a next-generation iron chelator for iron overload in transfusion-dependent anemia; acquired by Shire in 2012.

BiotechSan Carlos, US

Hugh Y. Rienhoff, Jr., M.D.(Executive Officer, Director)in

BoardMarten Steen(Director)inDennis Henner, Ph.D.(Director)Bryant E. Fong(Director)

Co-investorsMC Healthcare VenturesClarus Ventures

Fusion Pharmaceuticalsfusionpharma.comin𝕏Apr 2019 · $105M

Fusion Pharma develops targeted alpha therapeutics that link alpha-emitting medical isotopes to molecules targeting biomarkers on cancer cell surfaces to selectively kill tumor cells.

BiotechHealthtech

John Valliant(Founder)in

Co-investorsFACIT (Fight Against Cancer Innovation Trust)Lumira VenturesPivotal Life SciencesSeroba Life SciencesVenture OntarioYsios Capital+6 more

Intervaccintervacc.sein𝕏

Intervacc develops veterinary vaccines based on recombinant protein fusions.

AgTechBiotechHealthtechMedical DevicesStockholm, SE

Jonas Sohlmanin

Kivu Biosciencekivubioscience.comin

Kivu Bioscience develops antibody-drug conjugate (ADC) therapeutics in clinical development, advancing a pipeline of cancer treatments through strategic partnerships and collaborations.

BiotechDeep TechHealthtechMedical Devices

Mohit Trikha(CEO)inSophia Randolph(Chief Medical Officer)in

Co-investorsBioGeneration VenturesBOMGimvM VenturesRed Tree VentureNovo Holdings

Mahzi Therapeuticsmahzi.com

Mahzi develops therapies for patients with under-diagnosed and under-served rare genetic neurodevelopmental disorders, working with patient and family groups, academic researchers, and industry partners.

BiotechHealthtechSouth San Francisco, US

Yael Weiss(Founder)in

BoardCamille Samuels(Director)inMarten Steen(Director)inShalini Sharp(Director)inStephen Farr(Director)

Co-investorsDroia VenturesHBM Healthcare InvestmentsHBM PartnersMitsui Global InvestmentVenrock

Modus Therapeuticsmodustx.comJul 2018

Modus is a Swedish biotechnology company developing sevuparin, a proprietary polysaccharide, as a treatment for conditions with high unmet medical need including sepsis and septic shock, severe systemic inflammation such as severe malaria, and anemia related to chronic inflammation like kidney disease.

Biotech

Neobiomicsneobiomics.euin𝕏May 2026

Neobiomics develops multi-strain food supplements rooted in academic research, with collaborations across Europe.

BiotechFoodTechHealthtechMedical DevicesWellness & FitnessStockholm, SE

Philipp Novak(Co-founder)inStefan Johansson(MD PhD, CMO)in

Nordic Nanovector ASnordicnanovector.no

Norwegian clinical-stage biotech developing radiopharmaceuticals for hematological cancers; listed 2015.

Co-investorsBirk Venture

Oncopeptides ABoncopeptides.com

Oncopeptides develops therapeutics for cancer treatment.

BiotechHealthtechMedical Devices

Co-investorsIndustrifonden

Orapharma Incorapharma.comin

OraPharma develops pharmaceutical products and tools for dental professionals to address oral health concerns, serving dental practices and patients.

HealthtechMedical DevicesBridgewater, US

Co-investorsA-Rod CorpCanaan PartnersFrazier Life SciencesOak Investment PartnersDomain Associates

Oxtheraoxthera.comJul 2005 · $21M

OxThera develops a live biotherapeutic product based on oxalate-degrading bacteria to treat primary hyperoxaluria and other rare kidney diseases.

BiotechHealthtechMedical DevicesStockholm, SE

Elisabeth Lindner(Chief Operating Officer)Mats-Olof Wallin(Chief Financial Officer)Milt Allison

Co-investorsSunstone CapitalYsios Capital

Positrigopositrigo.comin

Positrigo develops functional imaging technology to make diagnostic and clinical imaging scalable and accessible globally.

Deep TechHardwareHealthtechMedical Devices

Jannis Fischer(Founder)in

Co-investorskineo finance

PRECIRIX NVprecirix.comSeries A · Nov 2018 · $42M

Co-investorsBioMedPartnersInkefPontifax Venture CapitalV-Bio VenturesForbion

Pretzel Therapeuticspretzeltx.cominSeries A · Sep 2022 · $73M

Pretzel Therapeutics develops therapeutics targeting bioenergetic dysfunction and mitochondrial disease by addressing defects in mitochondrial DNA function and gene expression.

BiotechDeep TechHealthtechMedical Devices

Michal Minczuk(Co-Founder)inGabriel Martinez(Chief Scientific Officer & Co-Founder)Claes Gustafsson(Co-Founder)Maria Falkenberg(Co-Founder)Nils-Göran Larsson(Co-Founder)Gabriel Martinez, Ph.D.(Chief Scientific Officer & Co-Founder)

Co-investorsARCH Venture PartnersCambridge Innovation CapitalEIR VenturesAngelini VenturesGV (Google Ventures)Invus+2 more

Rampart Biosciencerampartbio.com

Developing safe, long-lasting gene therapy treatments in a redosable, non-viral format.

Louis Breton(Founder)in

Co-investorsOrbiMedForbion

Seroba Life Sciencesseroba-lifesciences.cominApr 2019 · $105M

This page is a news post from Azafaros, a biopharmaceutical company developing disease-modifying therapeutics for lysosomal storage disorders with a focus on neurological symptoms.

Biotech

Co-investorsCDP Venture CapitalIreland Strategic Investment FundAdams Street PartnersGenesys CapitalOrbiMedPivotal Life Sciences+1 more

Targovaxtargovax.com

Circio is a biotech company developing circular RNA technology (circVec) to improve AAV gene therapy expression for the treatment of genetic diseases.

BiotechDeep TechHealthtech

Co-investorsBirk Venture

Vicore Pharmavicorepharma.comin

Vicore Pharma is a clinical-stage biopharmaceutical company developing disease-modifying treatments for respiratory and fibrotic diseases, including idiopathic pulmonary fibrosis.

BiotechHealthtechMedical Devices

Other

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

Actelion Holding LtdAerocrine ABAlba Therapeutics CorpAltimmune, Inc. (Immune Targeting Systems Ltd)Apoxis SAAriceumAriceum TherapeuticsArpida AGAstaCarotene ABBioCrine ABBioFactor Therapeutics ABBiolipox ABBionaut Pharmaceuticals Inc.Biotage AB (Pyrosequencing AB)BrainCool AB (BeneChill Inc.)Cebix AB (Creative Peptides AB)CePep ABCerenis Therapeutics Holding S.AChemoCentryx Inc.Clinical Data Care in Lund ABClinitrac ABConpharm ABCoreValve SAElsa Science ABEsyTech ABFive Prime TherapeuticsGenizon BioSciences Inc. (Global Genomics)Glionova ABGyros ABHelloBetterHowtogetridofwartshomeIDEA AGInion OyJerini AGKaro Pharma (Karo Bio)Lica Pharmaceuticals A/SLTB4 Sweden ABLumavita AGMaxim Pharmaceuticals, Inc.Medicarb ABMelacure Therapeutics ABMillicore ABMIPS ABNeoventa Medical ABNephroGenex (BioStratum, Inc.)Neuro3D SANewron Pharmaceuticals SpA (NeuroNova AB)Nexstim OyNobex Corp.Nordic Vision Clinics AS (Optivy AB)NucleonicsOdyssey Thera Inc.Orchid BioSciences Inc.Orexo ABPersonal Chemistry ABPharmexa A/SPharmion Corp.ProCorde AGProlifix Ltd.Prothelia Inc.PTC Therapeutics Inc.Q-Med ABRainier Therapeutics Inc.Renovis Inc.Renovo Ltd.Resistentia Pharmaceuticals ABReVENT Medical Inc. (ReVent Medical International B.V.)RSPR Pharma ABSequenom Inc. (Eurona AB / Gemini Genomics plc)Sopherion Therapeutics Inc.Technolas Perfect Vision GmbHTengion IncTisbury PharmaceuticalTrigen Ltd.Trimb Healthcare ABTripep ABUltragenyx PharmaceuticalWilson Therapeutics

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 7

3 IPOs · 4 acquisitions

Pulmonx Corp.NASDAQ: LUNGSpruce BiosciencesNASDAQ: SPRBHemab TherapeuticsNASDAQ: COAGAlgetaacq. by BayerDynavaxacq. by SanofiFerroKin Biosciencesacq. by ShireFive Prime Therapeuticsacq. by Amgen

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings · 2

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Hemab Therapeutics4.3%$18.00May 2026$34.1M
Spruce Biosciences8.0%$15.00Oct 2020$26.8M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has HealthCap made?
HealthCap has 126 tracked investments, 7 of which have exited, including 5 dated in the last 24 months.
What stage does HealthCap invest at?
HealthCap invests at the Seed, Series A, Series B, Series C, Growth stages.
What sectors does HealthCap focus on?
HealthCap focuses on Biotech, Digital Health, Healthtech, Longevity, Medical Devices.
Where is HealthCap located?
HealthCap is headquartered in Stockholm, SE.
Does HealthCap lead rounds?
HealthCap has led 3 of the 10 rounds where its role is on record.
Who does HealthCap co-invest with?
HealthCap most often shares deals with Industrifonden, Aisling Capital, Birk Venture, among 97 tracked co-investors.
What size deals does HealthCap back?
Across 13 deals with disclosed amounts, HealthCap has joined rounds of $7M – $105M (median $32M).

Media · Podcasts & interviews

featuring the team

Healthcare Direkt v.49: Varför är styrelsen viktig? Gäst: Staffan Lindstrand, Partner Healthcap

Direkt Studios · Staffan Lindstrand

Images

HealthCap photo

Co-investors · 11

Ysios Capital

Ysios Capital is a life sciences venture investor that finances innovative biotech companies developing novel therapies for high unmet medical needs, primarily across Europe and the United States.

$5.4M – $21.6M
Abingworth

Abingworth is a life science venture capital firm that backs early-stage biopharma and biotech companies, helping entrepreneurs translate scientific discoveries into new therapeutics.

Both backed · 3
Spruce BiosciencesAlgetaWilson Therapeutics
$15M – $30M
RA Capital

RA Capital Management is a healthcare and planetary health investment firm that founds, funds, and scales companies using scientific diligence, multi-stage capital, and hands-on operational support.

Vida Ventures

Vida Ventures is a life sciences venture capital firm focused on transforming biomedical innovations into therapies that improve patients' lives.

Both backed · 2
Pontifax Venture Capital

Pontifax is a venture capital firm focused on life sciences and healthcare technologies, investing across all development stages from early-stage startups to clinical-stage growth companies.

Both backed · 2
Adcendo ApSPRECIRIX NV
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.

Both backed · 1
$250K – $50M
ARCH Venture Partners

ARCH Venture Partners is a venture capital firm that invests in and helps build transformational companies, with a strong focus on the life sciences and biotechnology sector.

Both backed · 1
$50K – $250M
Cambridge Innovation Capital

Cambridge Innovation Capital (CIC) is a UK-based venture capital firm backing entrepreneurs in life sciences and deep tech, leveraging its position in the Cambridge science and technology ecosystem.

Both backed · 1
$127K – $12.7M
Pureos Bioventures

Pureos Bioventures is a venture capital firm that invests in private, innovative drug development companies, with a focus on next-generation biological drugs and drug formats to treat severe diseases.

Both backed · 1
Ariceum Therapeutics
Earlybird Venture Capital

Earlybird Venture Capital is a European venture capital investor that backs early-stage technology founders with capital, strategic support, and access to an international network.

$540K – $12M

Firms observed investing alongside HealthCap, from public investor directories. Shared companies are the overlap with HealthCap's recorded portfolio.

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