/Investor DB

ShangBay Capital LLC

Venture capital

Palo Alto · Seed–Series A · 11 people tracked

Find your way into ShangBay Capital LLC

Each arrow is one introduction. Sign up to fill in the first one.

240 people can intro you to William

Ask Mudit K. Jain to introduce you to William Dai

You →Mudit · together at Boston Scientific →William

7 people can intro you to Erik

Ask Jamie Chen to introduce you to Erik T. Engelson

You →Jamie · together at Lucira Health →Erik

2 people can intro you to Chaucer

Ask Sam Okafor to introduce you to Chaucer Shen

You →Sam · together at ShangBay Capital LLC →Chaucer

Sign up to find every way you can get introduced to ShangBay Capital LLC

  • Your email: who you already know at ShangBay Capital LLC, and who your contacts know
  • 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the ShangBay Capital LLC team
  • Your LinkedIn: the connections who can make the intro for you

We rank every route by how warm it is, so you raise on warm intros instead of cold emails.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

ShangBay Capital focuses on backing founders who build disruptive companies targeting large, unmet clinical needs through novel approaches. The firm cultivates relationships with investors, entrepreneurs, KOLs, strategics, and industry innovators, and leverages a leadership team with a combined 100+ years of experience and deep ties to strategics and innovators in disruptive technologies. Its aim is to help founders address significant market needs while generating favorable returns.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Series A
HQ
Palo Alto, CA, US
Instruments
Equity
Founded
2015
Last 12 months
4 investments
Private fund assets
$262.3M
VC funds
6
Tracked investments
71
IPOs
3

Team · 11 people

from the firm's website & public directories
Andy Weimin Dai· Senior Advisor
Cindy Costello· Director of Finance & Administration
Dr. Malcolm G. Munro· Senior Medical Advisor
Mel Dong· Senior Advisor
Nora Wu· Senior Advisor
Robert Kamen· Senior Advisor
Yajun Xu, Ph.D.· Senior Advisor

What they invest in

from 55 of 71 portfolio companies

Healthtech ×42Medical Devices ×39Biotech ×26Deep Tech ×12Hardware ×10Digital Health ×9AI & Machine Learning ×6Robotics ×3

HQs:United States×43Canada×1China×1Germany×1Israel×1New Zealand×1

Who they back

founder profiles across 35 portfolio companies
54%
solo founders
19 of 35 mapped founding teams
42%
repeat founders
of 26 founders with career history
~4 yrs
old at investment
median across 14 dated deals

Founding team size:solo founder×192 founders×123 founders×4

Where their founders studiedfrom 25 founders with education data

Stanford University ×4California Polytechnic State University-San Luis Obispo ×2Harvard University ×2Pepperdine University ×2Stanford University Graduate School of Business ×2UCLA ×2University of California, Berkeley ×2

What their founders studiedfrom 25 founders with field-of-study data

Engineering ×14Medicine ×5Business & Management ×4Life Sciences ×4Computer Science ×3Chemistry ×2Finance & Accounting ×2Physics ×2

Where their founders worked beforefrom 26 founders with career history

Align Technology ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

11 founders hold a PhD · 8 hold an MBA (of 26 with degree data)

Investments · 71 tracked

founders shown can be your intro path

By year:2026 · 32025 · 22024 · 42023 · 32021 · 22020 · 32019 · 32018 · 22016 · 22014 · 125 dated

Ceribellceribell.comin𝕏NASDAQ: CBLL

Ceribell is a medical technology company that develops products for detecting and monitoring seizures, including EEG-based diagnostic systems.

AI & Machine LearningDigital HealthHealthtechMedical DevicesSunnyvale, US

Josef Parvizi(Director)inXingjuan (Jane) Chao(President, CEO, Co-Founder & Director)inScott Blumberg(Executive Officer)inJoseph Taylor(Director)Raymond Woo(Executive Officer)David Stoffel(Executive Officer)

Co-investorsLongitude CapitalRA CapitalRed Tree VentureThe Rise Fund

Tvardi Therapeuticstvarditherapeutics.comin𝕏NASDAQ: TVRDDec 2014

Tvardi Therapeutics is a clinical-stage biopharmaceutical company developing oral small molecule STAT3 inhibitors to treat inflammatory and proliferative diseases.

BiotechHealthtechHouston, US

David J. Tweardy(Executive Officer, Director)Josef Schoell(Executive Officer)inJoseph W. Stauffer(Executive Officer)Derek Chalmers(Executive Officer, Director)inMichael E. Lewis(Executive Officer)inFrederique Menzaghi(Executive Officer)

Co-investorsSolas BioVentures

Luminopialuminopia.comin𝕏Seed · Jun 2023 · $16M✓ verified

Luminopia is an FDA-cleared binocular therapy for amblyopia in children aged 4-12 that uses a VR headset to stream the child's favorite TV shows as treatment, replacing traditional eye patches.

BiotechDigital HealthHealthtechMedical DevicesAspen, US

Scott Xiao(Co-Founder & CEO)inDean Travers(Co-Founder)inBrion Raymond(CBO)inDrew Mowery(VP of Commercial Strategy)inHank Wu(COO)inSunny Atwal(VP of Engineering)in

Co-investorsBantam GroupCollaborative FundGood FriendsNXT VenturesSony Ventures CorporationUS Venture Partners+1 more

Petal Surgicalpetal.healthAug 2025✓ verified

Petal is developing an incisionless surgery platform using Millisecond Pulse Histotripsy, a form of focused therapeutic ultrasound that breaks down targeted diseased tissue without incisions, heat, or trauma.

BiotechDeep TechHealthtechMedical DevicesRedwood City, US

Prash Chopra(Founding CEO & Director)Bowen Jiang(Co-founder)Nicholas Theodore(Co-founder & Director)Prashant Chopra(Executive Officer, Director, Promoter)

BoardFrederic Moll(Director)inRony Abovitz(Co-founding Advisor)

Co-investorsTSVCDolma VenturesK50 VenturesSonder CapitalSonder Futures

Petalsurgicalpetalsurgical.com✓ verified

Petal Surgical develops an incisionless surgery platform using Millisecond Pulse Histotripsy, a form of focused therapeutic ultrasound that breaks down targeted tissue via "Acoustic Liquefaction" without cutting, heat, or trauma.

Deep TechHealthtechMedical Devices

Bowen Jiang(Co-founder)Nicholas Theodore(Co-founder & Director)Prash Chopra(Founding CEO & Director)Frederic H. Moll(Director)Rony Abovitz(Co-founding Advisor)

Co-investorsTSVCHike VenturesK50 Ventures

Abcuroabcuro.com

Abcuro develops therapies that target highly cytotoxic T cells for autoimmune diseases, including its lead candidate ulviprubart for inclusion body myositis.

BiotechHealthtechNewton, US

Steven A. Greenberg(Chief Scientific Advisor & Co-Founder)Steven A. Greenberg, MD(Chief Scientific Advisor & Co-Founder)John Alexander Martin(Executive Officer, Director)Stefano Gulla(Founder)Evan Thompson(Executive Officer)David de Graaf(Executive Officer, Director)

Co-investorsBain Capital Life SciencesNew Enterprise Associates (NEA)RA CapitalSamsara BioCapitalSanofi VenturesMass General Brigham Ventures+9 more

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-investorsEFung Capital3E Bioventures CapitalDecheng CapitalSv Tech Ventures, Inc.Virtus Inspire Ventures

Apostleapostlebio.cominMay 2019

Apostle develops cell-free DNA (cfDNA) extraction and purification kits for genomics and molecular biology laboratories.

BiotechHealthtechMedical DevicesMenlo Park, US

Dongliang Ge(Executive Officer, Director)Xin Guo(Director)Bo Zhang(Executive Officer, Director)

BoardWilliam Dai(Director)in

Co-investorsAmino Capital

Aranz Medicalaranzmedical.comin

Aranz Medical is a company that provides clinical research and wound care solutions, as evidenced by their collection of clinical research posters on wound assessment, management, and documentation across healthcare settings.

Digital HealthHealthtechMedical Devices

Atia Visionatiavision.comin

Atia Vision develops OmniVu, a modular shape-changing dual-optic intraocular lens (IOL) that uses the eye's natural accommodative mechanism to restore near, intermediate, and distance vision for cataract patients.

BiotechHardwareHealthtechMedical DevicesCampbell, US

Henry Chen(Director)Claudio Argento(Director)Mariam Maghribi(Executive Officer, Director)Amr Salahieh(Director)Casey Gordon(Director)

Co-investorsAmed VenturesThe Capital PartnershipDelos CapitalRising Tide

Avation Medicalavation.comin𝕏Series C · Feb 2024 · $22M

Avation Medical manufactures the Vivally System, an FDA-cleared wearable device that uses transcutaneous tibial nerve stimulation to treat overactive bladder and urge urinary incontinence in at-home 30-minute sessions.

Digital HealthHealthtechMedical DevicesValencia, US

Manish Vaishya, PhD(Chief Executive Officer, Co-Founder & Board Member)Jill Schiaparelli(Executive Officer, Director)inKevin Wasserstein(Director)

BoardThomas Shehab, MD(Director)

Co-investorsAngelini VenturesArboretum VenturesAsahi Kasei Corporate Venture CapitalAvestria Ventures

Berkeley Lightsberkeleylights.comOct 2016 · $95M

Berkeley Lights (now Bruker Cellular Analysis) develops the Beacon optofluidic system for single-cell functional analysis, enabling researchers to profile live single cells to discover therapeutic antibodies, interrogate T cells, identify cell therapies, and accelerate cell line development.

BiotechDeep TechHardwareEmeryville, US

Ming Wu(Director)inIgor Khandros(Executive Officer, Director)

BoardMichael Marks(Director)inLip-Bu Tan Tan(Director)Michael Moritz(Director)inWilliam Davidow(Director)

Co-investorsCelesta CapitalCota CapitalKhosla VenturesOpen Field CapitalWalden CatalystAtinum Investment Co. Ltd.+4 more

Brius'brius.com

Brius (Brava) makes orthodontic teeth-straightening technology using its Independent Movers system, which it integrates with orthodontic practices.

HardwareHealthtechMedical Devices

Mehdi Peikar(Founder)in

Co-investorsCheyenne VenturesEvolution VC PartnersSand Hill AngelsTech WildcattersView Ventures

Chimera Bioengineeringchimera.bioin

Chimera develops engineered cell therapies for cancer that produce therapeutic proteins only upon encountering tumor cells, using natural biological control mechanisms to improve safety and efficacy.

BiotechHealthtech

Co-investorsSand Hill AngelsPureTech Health

CloudMedxcloudmedxhealth.com

CloudMedx uses machine learning, natural language understanding, and healthcare-specific fine-tuned LLMs to analyze healthcare data and generate clinical, operational, and financial insights.

AI & Machine LearningDigital HealthHealthtechPalo Alto, US

Tashfeen Suleman(Executive Officer)Sahar Arshad(Director)

Co-investorsDFJ DragonFundFundersClub

Contralinecontraline.comin

Contraline develops new contraceptive and reproductive health technologies, with a focus on male contraception.

BiotechDigital HealthMedical DevicesCharlottesville, US

Kevin Eisenfrats(Co-Founder and CEO)inJohn Herr(Co-Founder)

BoardIris Van Alderwerelt van Rosenburgh(Director)Gurdane Bhutani(Director)inMartin J Emerson(Director)Tom Thorpe(Director)

Co-investorsBiotechnology Value FundMBX CapitalAllied Venture PartnersAlumni VenturesAmboy Street VenturesAurum Venture Partners+17 more

Curegetcure.appinMay 2026

CURE operates a booking platform that connects pharmacies with delivery service partners to generate online orders.

B2B MarketplacesHealthtechSaaSBerlin, DE

Manuel Aberle(Founder)in

Co-investorsAbstract VenturesArtis VenturesFJ LabsJ12 VenturesStella CapitalAccel+23 more

Devoro Medicaldevoromedical.cominJun 2020

Devoro Medical developed the WOLF Thrombectomy Platform, a non-console, lytic-free medical device that uses finger-like prongs to capture and remove blood clots (thrombi) from the arterial and venous systems.

HardwareHealthtechMedical DevicesFremont, US

BoardErik Engelson(Director)Michael Wallace(Executive Officer, Director)Skott Greenhalgh(Director)

Co-investorsAPERTURE Venture PartnersNorwest Venture Partners

Embolineemboline.comin

Emboline develops the Emboliner Embolic Protection System, a cerebral protection device aimed at preventing stroke during transcatheter aortic valve replacement (TAVR) procedures.

HardwareHealthtechMedical DevicesSanta Cruz, US

Amir Belson(Founder & Chief Technology Officer)inMark Caires(Chief Financial Officer)inNicholas Pappas(Director)Elton Satusky(Executive Officer)Eric Xiao(Director)J. Casey McGlynn(Executive Officer)

Co-investorsAnthro VenturesTrinity Capital

EpimAb Biotherapeuticsepimab.com

Epimab Biotherapeutics is a clinical-stage biopharmaceutical company specializing in the development of bispecific antibodies using proprietary technology platforms including FIT-Ig® and MAT-Fab.

BiotechHealthtechMedical DevicesShanghai, CN

Wu Chenbing(Founder/Expert)

Co-investorsDecheng CapitalTCG Labs3E Bioventures CapitalSherpa Healthcare Partners

FemDx Medsystemsfemdxmed.com

FemDx Medsystems is a medical device company developing minimally invasive technologies for diagnosing and treating gynecological conditions, with a focus on reproductive health and gynecological cancers.

FemTechHealthtechMedical Devices

Co-investorsPortfoliaSv Tech Ventures, Inc.

Flare Therapeuticsflaretx.comin

Flare Therapeutics develops small molecule medicines targeting transcription factors using a chemistry and proteomics platform that enables ligand discovery directly from cells.

AI & Machine LearningBiotechDeep TechHealthtech

Jim Audia(Executive Vice President, Drug Discovery and Early Development, and Founding Scientist)Jacob Stuckey(Senior Director, Biochemistry and Chemical Biology, and Founding Scientist)in

Co-investorsNexTech VenturesPfizer VenturesThird Rock VenturesNextech InvestPfizer Venture InvestmentsAgent Capital

Fluid Biomedfluidbiomed.comSeed · Dec 2024 · $27M

Fluid Biomed develops a bioresorbable polymer-based stent designed to treat brain aneurysms by diverting blood flow and reducing risk of stroke.

BiotechDeep TechHealthtechMedical DevicesCalgary, CA

Dr. John H. Wong(Co-founder & Chief Executive Officer)Dr. Alim P. Mitha(Co-founder, President & Chief Technology Officer)

Co-investorsAccelerate FundLifeArc VenturesThin Air LabsUCeed FundsAmplitude Venture CapitalIAG Capital Partners

IgGenix Inc.iggenix.comin

IgGenix is a clinical-stage biotechnology company focused on antibody discovery and development for allergies and immunological diseases.

AI & Machine LearningBiotechHealthtechSouth San Francisco, US

Kari Nadeau(Scientific Co-Founder)

Co-investorsKhosla VenturesAllerfund Ventures, LlcFemHealth VenturesGlobal BrainMedical Incubator Japan K.K.Alexandria+1 more

Immune-Onc Therapeuticsimmune-onc.cominJul 2016

Immune Onc is a biotechnology company developing medicines to treat patients with hard-to-treat cancers and autoimmune diseases, with expertise in translational medicine and clinical development.

BiotechMedical DevicesPalo Alto, US

Xiaoling Charlene Liao(Executive Officer, Director)

BoardGuo-Liang Yu(Director)Liqun Luo(Director)

Co-investorsCLI VenturesNorthern Light Venture CapitalVivo CapitalTriWise Capital

Inquis Medicalinquismedical.comin𝕏

Inquis Medical is a medical device company developing minimally invasive technology to treat thromboembolic disease in the cardiovascular and vascular space.

Deep TechHardwareHealthtechMedical DevicesMenlo Park, US

Vahid Saadat(CEO)inMojgan Saadat(Co-founder)in

BoardDavid A. Lamond(Chairperson of the Board)

Laplace Interventionallaplaceint.cominSeries A · Sep 2021 · $8M

Laplace Interventional develops a transcatheter tricuspid valve replacement system that delivers a prosthetic valve percutaneously, avoiding open-heart surgery for patients with tricuspid regurgitation.

HealthtechMedical DevicesPlymouth, US

Ramji Iyer(Executive Officer, Director)in

BoardJenny H. Barba(Director)Todd Mortier(Director)Colin Morrison(Director)

Co-investorsAphelion CapitalFeatures Capital Holdingsgener8torUnorthodox VenturesAphelion CardeationEngage Venture Partners

Lucira Healthlucirahealth.comin

Lucira Health manufactures portable diagnostic devices that connect to smartphones to test bodily fluids for infectious diseases, enabling rapid results outside of clinical settings.

BiotechHealthtechMedical DevicesEmeryville, US

Debkishore Mitra(Founder)inJohn R. Waldeisen(Director)

BoardErik T. Engelson(Executive Officer, Director)Justin Butler(Director)Tuff Yen(Director)Steve Tablak(Director)

Co-investors11.2 CapitalForesite CapitalY CombinatorDCVC (Data Collective)DHVCEclipse Ventures+5 more

MAGNETIC INSIGHT, INCmagneticinsight.com

Magnetic Particle Imaging (MPI) is an imaging technology that detects iron oxide nanoparticle tracers using time-varying magnetic fields to create medical images with high contrast and sensitivity.

Deep TechHealthtechMedical Devices

Co-investors5AM VenturesAlumni VenturesCloudStone CapitalEvolution VC PartnersInnolinks VenturesSand Hill Angels+2 more

Mediar Therapeuticsmediartx.comin

Mediartx develops novel therapies for patients with fibrotic diseases.

BiotechMedical DevicesBoston, US

Rahul Ballal, PhD(CEO)Paul Yaworsky, PhD(CSO)inRahul Ballal(Executive Officer, Director)inBrian Hubbard(Director)Stacey Brenner(Executive Officer)David de Graaf(Director)

Co-investorsAgent CapitalGimvLongwood FundMission BiocapitalNovartis Venture FundOno Venture Investment, Inc.+5 more

Neptune Medicalneptunemedical.comin

Neptune Medical is a medical device company developing GI endoscopy products based on its Dynamic Rigidization technology, including the FDA-cleared Pathfinder endoscope and the Triton robotic endoscopy system for colon navigation.

HealthtechMedical DevicesRoboticsSilicon Valley, US

Alex Tilson(Founder & CEO)in

Co-investorsSonder CapitalInCube VenturesMighty Capital

Nervoniknervonik.cominApr 2026 · $52.5M

Nervonik develops peripheral nerve stimulation (PNS) systems designed for high-motion, dynamic activity, using a patented technology that adds biosensing and objective feedback to neuromodulation.

HardwareHealthtechMedical Devices

Co-investorsFoothill VenturesJoyance PartnersLumira VenturesUS Venture PartnersAmzak HealthU.S. Venture Partners

Neuro42neuro42.aiin

neuro42 develops a portable, FDA 510(k)-cleared MRI platform that brings neurological imaging directly to the patient rather than requiring transport to a facility.

Deep TechHealthtechMedical DevicesSan Francisco, US

Amit Vohra(Executive Officer, Director)inAbhita Batra(Executive Officer, Director)Shibu Gangadharan(Executive Officer)

BoardKrishna R. Bhupal(Director)Rahul Talwar(Director)

Co-investorsFrontier Path VCSonder Capital

NeuroVascneurovasctechnologies.cominMay 2018

NeuroVasc Technologies develops catheter-based medical devices designed to treat stroke and other neurological conditions.

Deep TechHealthtechMedical DevicesCalifornia, US

JIANLU MA(Executive Officer, Director)

BoardLU GANG(Director)WILLIAM DAI(Director)inJEFF PETERS(Director)DAVE FERRERA(Director)

Co-investorsSv Tech Ventures, Inc.

Noahmednoahmed.comin𝕏

Noah Medical develops robotic and software solutions for diagnostic bronchoscopy procedures, designed to enable earlier lung cancer diagnosis with improved accuracy.

HealthtechMedical DevicesRoboticsSilicon Valley, US

Jian Zhang(Founder & CEO)Enrique RomoinFrank Grilloin

Co-investors1955 CapitalChina Growth CapitalLYFE CapitalProsperity7 Ventures

OrthoFxorthofx.comin

OrthoFX makes AirFlex, an FDA-cleared clear aligner system that straightens teeth with at least 12 hours of continuous daily wear using a patented elastic polymer for lower force.

ConsumerDigital HealthHealthtechMedical DevicesNew MaterialsFremont, US

Nichole Garcia(Founder)inRen Menon(Founder)inHenry Chan(Founder)in

Co-investorsXRCSignalFireUnusual Ventures

Petalpetalcard.com𝕏Oct 2025

Petal offers credit card products aimed at helping people access credit, including those new to credit or with past credit issues, by using their savings and spending data to assess creditworthiness beyond a traditional credit score.

ConsumerFintechOxford, US

David Michael Melnick Taffet(Executive Officer)

Co-investorsAfore CapitalEvolution VC PartnersFairhaven Capital PartnersGreat Oaks Venture CapitalNat TurnerNelstone Ventures+13 more

Pykus Therapeuticspykustherapeutics.cominDec 2020

Pykus Therapeutics is a clinical-stage medical technology company developing biodegradable polymers for vitreoretinal surgery.

BiotechHealthtechMedical DevicesCambridge, US

James (Tony) Stefater(Founder)inTony Stefater, MD, PhD(President & Cofounder)Tommy Stryjewski, MD(Chief Scientific Officer, Cofounder, Director)Michael Singer(Director)Richel Liu(Director)Thomas P. Stryjewski(Director)

Co-investorsBeacon Angels

Radiactionradiactionmedical.comin𝕏

Radiaction Medical develops a plug-and-play radiation protection device for interventional medical staff that reduces scatter radiation at the source, with FDA Class II clearance for use in the United States, European Union, and United Kingdom.

Deep TechHardwareHealthtechMedical DevicesTel Aviv, IL

Amir Belson(Founder)in

Refuge BiotechnologiesinMay 2018

BiotechMenlo Park, US

Cuiping Gu(Director)David Parkinson(Director)inZhenping Zhu(Director)Karen Liu(Director)Bing C. Wang(Executive Officer, Director)

Co-investorsDanhua CapitalSangel CapitalWuXi Healthcare Ventures

SetPoint Medicalsetpointmedical.comin𝕏Series B · Jan 2021 · $64M

SetPoint Medical develops an FDA-approved implantable neurostimulation device that stimulates the vagus nerve to reduce inflammation, offering a device-based treatment for adults with moderate-to-severe rheumatoid arthritis who have not responded to biologic or targeted synthetic drugs.

BiotechHealthtechMedical DevicesValencia, US

Murthy Simhambhatla(CEO)inDavid Chernoff(Chief Medical Officer (MD))Yaakov Levine(PhD)inRohan Seth(Executive Officer)in

BoardBlake Wu(Director)inJuan-Pablo Mas(Director)in

Co-investorsAlly Bridge GroupNew Enterprise Associates (NEA)Norwest Venture PartnersTopspin PartnersAsahi Kasei Corporate Venture CapitalCatalio Capital Management, LP+7 more

Skyhawk Therapeuticsskyhawktx.comin

Skyhawk Therapeutics develops RNA-targeting small molecule drugs using its SKYSTAR platform to modify RNA expression, addressing diseases in neurology, oncology, and fibrotic conditions.

BiotechDeep TechWaltham, US

Kathleen McCarthy(Founder)

Co-investorsAgent CapitalDns CapitalGood Growth CapitalGreatPoint Ventures

Solenic Medicalsolenic.cominJun 2023

Solenic Medical is a medical company; this page is an investor contact form and does not describe the company's products or technology in detail.

Medical DevicesCollege Station, US

James Y Lancaster(Executive Officer, Director)in

BoardJohn Hodock(Director)Robert Calvin Goforth(Director)

Co-investorsSugati VenturesJohnson & Johnson Innovation – JJDC

Sonovascularsonovascular.com

Sonovascular is developing an interventional treatment for venous thromboembolism (VTE) that uses microbubble-mediated cavitation, delivered as a cath lab-based procedure without requiring ICU treatment.

BiotechHealthtechMedical DevicesChapel Hill, US

Daniel Estay(Executive Officer, Director)inWilliam N. Starling(Director)

Co-investorsBand of AngelsWolfpack Investor Network

Sound Healthsoundhealth.lifein𝕏Series A · Jul 2026 · $12.3M

SoundHealth develops FDA 510(k) cleared, drug-free medical devices that use acoustic resonance therapy via forehead bone conduction to treat nasal congestion and improve sleep.

AI & Machine LearningDigital HealthMedical Devices

Paramesh Gopi, PhD(Founder & CEO)Bryant Lin, MD, MEng(Founder & Head of Clinical Affairs and Product Design)Peter Hwang, MD(Founder & Head of Research)

Co-investorsG Vision CapitalJ4 VenturesMoai CapitalTau Ventures

Sporos Bioventuressporosbioventures.com

Sporos Bioventures is a private biotechnology company that uses a portfolio approach to drug development in oncology, holding equity stakes in biopharma entities such as Tvardi Therapeutics and Sporos BioDiscovery.

BiotechHealthtechHouston, US

Tangible Sciencetangiblescience.com

Tangible Science develops contact lens solutions designed to improve comfort and durability for wearers and to provide eye care professionals with more effective treatment options.

HealthtechMedical DevicesMenlo Park, US

Karen Havenstrite(Director)inVictor McCray(Executive Officer, Director)

BoardDouglas Crawford(Director)inHanson Gifford(Director)Chip Heath(Director)Brandon Felkins(Director)

Co-investorsMission BiocapitalLightstone Ventures

Telesairtelesair.comin

Telesair develops medical devices focused on patient care, with work spanning strategy, design, engineering, and quality assurance.

AI & Machine LearningHardwareHealthtechMedical DevicesIrvine, US

Don Lin(Co-founder & CEO)inKen Wang(Executive Officer, Director)inDongping Lin(Executive Officer, Director)Matt Margolies(Executive Officer, Director)inJing Zhang(Director)Bo Li(Director)

Co-investorsDevice of Tomorrow CapitalHoneywell Ventures

Venova Medicalvenovamedical.cominAug 2024

Venova Medical develops the Velocity percutaneous arteriovenous fistula system, a minimally invasive medical device designed to create vascular access for hemodialysis patients more efficiently than traditional surgical methods.

HealthtechMedical DevicesLos Gatos, US

Erik van der Burg(Executive Officer, Director)in

BoardMichael Wallace(Director)inDarshana Zaveri(Director)inShant Vartanian(Director)in

Co-investorsAphelion CapitalCadence Healthcare VenturesCatalyst Health Ventures

Window Therapeuticswindowtx.comin𝕏Sep 2023

Window Therapeutics is a biotechnology company developing therapeutics for cancer and other life-threatening diseases, based on its bottle-brush-analogue-macromonomer (BAM) technology.

BiotechDeep TechHealthtechBoston, US

James Lu(Director)Jeremiah Johnson(Founder (based on BAM technology from his MIT lab))Lusong Luo(Director)Chih-Kao Hu(Executive Officer, Director)

BoardKenneth C. Anderson(Professor, Researcher and Clinician, Harvard Medical School & DFCI)

Yorlabsyorlabs.com

YorLabs develops an intracardiac echocardiography (ICE) ultrasound imaging system aimed at interventional cardiology and electrophysiology procedures.

Digital HealthHardwareMedical DevicesBeaverton, US

Clark Brooks(Founder)Sunit Rikhi(Founder)

Zap Surgicalzapsurgical.comin𝕏

ZAP Surgical develops the ZAP-X Gyroscopic Radiosurgery platform, a self-shielded surgical robotics system for non-invasive cranial stereotactic radiosurgery (SRS) that uses linear accelerator technology instead of radioactive sources.

HealthtechMedical DevicesRobotics

John R. Adler, Jr.(Founder)

Zenflowzenflow.comin𝕏Nov 2024

Zenflow develops medical devices for treating benign prostatic hyperplasia (BPH) in men, founded from the Stanford Byers Center for Biodesign with a team experienced in medical device development and FDA regulation.

HealthtechMedical DevicesSan Francisco, US

Shreya Mehta(Founder/CTO)inNick Damiano(Executive Officer, Director)inJohn Beck(Executive Officer)in

BoardBryan Kim(Director)Robert Weisskoff(Director)inBlayne Roeder(Director)

Co-investorsAstiaCloudStone CapitalDorm RoomF-Prime CapitalY CombinatorAgrolimen Ventures+15 more

Other

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

AlleviantAqua MedicalArrinexCorinth MedtechEarly Bird MedicalFrond MedicalMeditrinaModular SurgicalPiezolabsPresidio MedicalQuandxRefuge BiotechRestera MedicalSentiré Medical SystemsSightStreamTioga MedicalTrueBindingZeto

Exits · 3

3 IPOs · showing 2

CeribellNASDAQ: CBLLTvardi TherapeuticsNASDAQ: TVRD

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ShangBay Capital LLC made?
ShangBay Capital LLC has 71 tracked investments, 3 of which have exited, including 7 dated in the last 24 months.
What stage does ShangBay Capital LLC invest at?
ShangBay Capital LLC invests at the Seed, Series A stages.
What sectors does ShangBay Capital LLC focus on?
ShangBay Capital LLC focuses on Biotech, Healthtech, Medical Devices.
Where is ShangBay Capital LLC located?
ShangBay Capital LLC is headquartered in Palo Alto, US.
Does ShangBay Capital LLC lead rounds?
ShangBay Capital LLC has led 3 of the 8 rounds where its role is on record.
Who does ShangBay Capital LLC co-invest with?
ShangBay Capital LLC most often shares deals with Evolution VC Partners, RA Capital, Sand Hill Angels, among 122 tracked co-investors.
What size deals does ShangBay Capital LLC back?
Across 8 deals with disclosed amounts, ShangBay Capital LLC has joined rounds of $8M – $95M (median $24.5M).

Co-investors · 7

Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
Norwest Venture Partners

Norwest is a venture capital and growth equity investment firm that has backed over 700 companies across technology, consumer, and healthcare over its 65-year history.

$10M – $30M
US Venture Partners

US Venture Partners (USVP) is an early-stage venture capital firm investing in information technology and healthcare companies, with four decades of investing experience.

Both backed · 2
$500K – $10M
Amplitude Venture Capital

Amplitude Ventures is a Canadian venture capital firm that creates, builds, and grows precision medicine companies, investing in human health from ideation through patient care.

Action Potential Venture Capital Ltd.

Action Potential Venture Capital is a venture firm investing in healthcare and medical technology companies.

Both backed · 2
SetPoint MedicalPresidio Medical
Morgenthaler

Morgenthaler is a venture capital and private equity firm that has focused on building valuable companies for over 40 years.

Both backed · 1
Sony Ventures Corporation

Sony Innovation Fund is the corporate venture capital arm operated by Sony Ventures Corporation, investing in technology and entertainment startups worldwide.

Both backed · 1

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

Similar investors

Featured in lists