Marathon Venture Partners
Venture capitalPre-Seed–Late Stage
Investment thesis
The firm invests at the early stage in China's digital healthcare sector, believing digital technology will drive a new wave of medical innovation. It focuses on three infrastructure pillars — efficient access, innovative payment, and efficiency improvement — to activate new healthcare demand, build multi-tiered lifecycle coverage, and improve the efficiency of high-quality medical supply. It sees opportunities emerging from China's aging population, high care costs, inefficient distribution channels, and ongoing regulatory reform, positioning China as potentially the world's largest market for digital health innovation.
Source: firm website, verified Aug 7, 2026.
What they invest in
from 12 of 39 portfolio companiesHealthtech ×6Digital Health ×4Medical Devices ×4Biotech ×3Fintech ×3AI & Machine Learning ×2E-commerce ×2Hardware ×2
HQs:China×6Singapore×1United States×1
Investments · 39 tracked
founders shown can be your intro pathAnchorDx (基准医疗) develops ctDNA methylation high-throughput sequencing technology for early cancer detection, using blood and urine samples to cover more than 70% of high-incidence cancers including lung, breast, digestive-system and urinary-system cancers.
BiotechDigital HealthHealthtech
Co-investorsOrbiMed
Credible operates an online marketplace where consumers compare prequalified rates for personal loans, student loan refinancing, private student loans, mortgages, mortgage refinancing, and insurance from multiple lenders and providers side-by-side without affecting their credit score.
FintechInsurTechMarketplacesSan Francisco, US
Stephen Dash(Executive Officer, Director)
BoardDean Dorrell(Director)Soulaimane Htite(Director)
Co-investorsRedbus VenturesCarthona CapitalPear VC
d.run is an AI operating system for AI data centers, providing compute scheduling, inference optimization, and operations management to increase compute utilization and inference performance.
AI & Machine LearningCloud ComputingData & InfrastructureSingapore, SG
Kay Yan(Founder)
Grandomics (希望组), founded in 2011, provides third-generation (long-read) sequencing services and big-data analysis for research institutions, clinical diagnostics, and bioinformatics.
AI & Machine LearningBiotechDigital HealthBeijing, CN
Co-investorsMatrix Partners ChinaVitalbridge Capital
Co-investorsNew Enterprise Associates (NEA)
Co-investorsB Capital GroupB4 CapitalF-Prime CapitalLAVLilly Asia Ventures
Nanos Medical develops surgical solutions and medical technology aimed at supporting clinical care standards.
HealthtechMedical Devices
Co-investorsF-Prime Capital
Realbio (锐翌生物) operates a human microbiome medical and gut microbiota health management business, offering a full-cycle service covering early detection, microbiota transplantation, and microbiome-based conditioning.
BiotechDigital HealthHealthtech
RiverPay enables global merchants to accept payments from Chinese consumers and access Chinese marketing channels including WeChat and Alibaba payment integrations.
E-commerceFintechMarketing Tech
Co-investorsExtreme Venture PartnersExtreme Venture Partners LLPIMO Ventures
A medical device company operating clean-room manufacturing facilities and R&D teams in China and the United States.
Advanced ManufacturingHealthtechMedical DevicesSuzhou, CN
Co-investorsQiming Venture Partners
A high-tech group company that builds 3D printing technology for medical digital diagnosis and treatment solutions, operating multiple brands serving dental, industrial, education, and cultural-creative markets.
Digital HealthHardwareHealthtech
Vedeng (贝登) operates an online B2B marketplace for medical equipment and supplies, offering products such as clinical testing devices, monitoring and diagnostic equipment, imaging, surgical instruments, and medical consumables.
B2B MarketplacesE-commerceMedical DevicesNanjing, CN
Co-investorsPuhua Capital
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
薪资通 (Xinzitong) is a payroll and HR platform that handles attendance calculation, salary computation connected directly to China's tax authority systems, salary disbursement across 200+ cities, localized individual income tax filing, and encrypted pay slips.
FintechHR TechSaaS
AI-powered medical imaging company.
Co-investorsMorningside Venture Capital LimitedQiming Venture Partners
B2B trading platform for medical devices.
Dental 3D digital services company.
Commercial health insurance technology company.
Frequently asked questions
- How many investments has Marathon Venture Partners made?
- Marathon Venture Partners has 39 tracked investments.
- What stage does Marathon Venture Partners invest at?
- Marathon Venture Partners invests at the Pre-Seed, Seed, Series A, Late Stage stages.
- What sectors does Marathon Venture Partners focus on?
- Marathon Venture Partners focuses on AI & Machine Learning, Digital Health, Healthtech, InsurTech, Medical Devices.
- Who does Marathon Venture Partners co-invest with?
- Marathon Venture Partners most often shares deals with F-Prime Capital, Qiming Venture Partners, B Capital Group, among 12 tracked co-investors.
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