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Decheng Capital

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 91
Average round size
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The average size of a deal this fund participated in
$67M
Portfolio companies 57
Rounds per year 7.58
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.36
Exits 9
Key employees 3
Stages of investment
Private Equity
Seed

Areas of investment

  • Biotechnology
  • Health Care
  • Medical
  • Health Diagnostics
  • Biopharma
Summary

Decheng Capital is the famous VC, which was founded in 2011. The venture was found in Asia in China. The main office of represented VC is situated in the Shanghai.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Decheng Capital, startups are often financed by Sofinnova Investments, Lilly Asia Ventures, Kleiner Perkins. The meaningful sponsors for the fund in investment in the same round are Vivo Capital, OrbiMed, Celgene. In the next rounds fund is usually obtained by XSeed Capital, Wooshin Venture Investment Corp., South China Venture Capital.

Among the most popular portfolio startups of the fund, we may highlight luckin coffee, ARMO BioSciences, Mindstrong Health. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. We can highlight the next thriving fund investment areas, such as Medical Device, Biopharma. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in a number of founders of portfolio startups. If startup sums 4 of the founder, the chance for it to be financed is low.

Comparing to the other companies, this Decheng Capital performs on 10 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2018. The real fund results show that this VC is 28 percentage points more often commits exit comparing to other companies. The typical startup value when the investment from Decheng Capital is more than 1 billion dollars. The top amount of exits for fund were in 2019. The fund is generally included in 2-6 deals every year.

The overall number of key employees were 3.

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These funds have a tendency to invest in the following rounds after Decheng Capital:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Medtech Technology

Health Care
Medical Device
Pharmaceutical
$30M14 Sep 2024 China, China

Phrontline Biopharma

$15M27 Jun 2024 Shanghai, Shanghai, China

Firefly Bio

Biotechnology
Medical
$94M15 Feb 2024 San Francisco, California, United States

Yaotang Biology

Biopharma
Biotechnology
$15M30 Nov 2023 Minhang, Shanghai, China

Adela

Health Care
Health Diagnostics
$48M25 Sep 2023 Toronto, Ontario, Canada

GRIT Biotechnology

Biotechnology
Health Care
Medical Device
$61M08 Sep 2023 Shanghai, Shanghai, China

Cellares

Biotechnology
Life Science
Manufacturing
Medical
Therapeutics
$255M23 Aug 2023 South San Francisco, California, United States

Upstream Bio

Health Care
Pharmaceutical
$200M08 Jun 2023 Waltham, Massachusetts, United States

LevitasBio

Analytics
Biotechnology
Health Diagnostics
Therapeutics
$35M24 Oct 2022 San Francisco, California, United States
News
Adela Raises $60M in Series A Funding

– Adela specializes in detection of cancer and other high-morbidity, high-mortality conditions through a routine blood test.
– The company raised $60M in Series A funding.
– The round was led by F-Prime Capital with participation from OrbiMed, Deerfield Management, Decheng Capital and RA Capital Management.
– The company plans to use the advance its technology towards commercialization, with initial applications across the cancer care continuum from early detection to disease monitoring.

Cue Health Raises $235M in Financing

– Cue Health Inc. from San Diego closed a $235m financing round.
– The round was led by Perceptive Advisors, MSD Capital, and Koch Strategic Platforms, a subsidiary of Koch Industries, existing investors Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Decheng Capital, Cavu Ventures, ACME Capital, and others.
– The new investment will be used to accelerate growth of the company.

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Total investments 91
Average round size 67M
Rounds per year 7.58
Peak activity year 2021
Lead investments 14
Follow on index 0.36
Exits 9
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Medtech Technology

Health Care
Medical Device
Pharmaceutical
$30M14 Sep 2024 China, China

Phrontline Biopharma

$15M27 Jun 2024 Shanghai, Shanghai, China

Firefly Bio

Biotechnology
Medical
$94M15 Feb 2024 San Francisco, California, United States

Yaotang Biology

Biopharma
Biotechnology
$15M30 Nov 2023 Minhang, Shanghai, China

Adela

Health Care
Health Diagnostics
$48M25 Sep 2023 Toronto, Ontario, Canada

GRIT Biotechnology

Biotechnology
Health Care
Medical Device
$61M08 Sep 2023 Shanghai, Shanghai, China

Cellares

Biotechnology
Life Science
Manufacturing
Medical
Therapeutics
$255M23 Aug 2023 South San Francisco, California, United States

Upstream Bio

Health Care
Pharmaceutical
$200M08 Jun 2023 Waltham, Massachusetts, United States

LevitasBio

Analytics
Biotechnology
Health Diagnostics
Therapeutics
$35M24 Oct 2022 San Francisco, California, United States
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