Drug Discovery: venture funds and startups
Sector hub · Health
◆ Funds tracked
52
◆ Combined AUM
$29.9B
◆ Startups tracked
17
◆ Raised between them
$227.2M
◆ Overview
Fusion42 tracks 52 venture funds in Drug Discovery with $29.9B in combined assets under management, and 17 startups that have raised $227.2M between them. The data below is live from the same database that powers Raise and Scout, and is continuously enriched as new rounds and funds are announced.
Part of the Raise fund database and the Scout startup database by Fusion42 — the same live data Arthur reasons over.
◆ Highlights
Active funds in Drug Discovery include Forbion Growth Opportunities Fund IV and Forbion Ventures Fund VIII, LumaBio Fund I, Mitsui Link-Fund, offshore RMB venture fund and Fresenius Ventures; startups in Drug Discovery include Estuary Biotherapeutics, SereNeuro Therapeutics, ZoeNCure Therapeutics, Cascader Ltd and Kasvu Therapeutics. Each name links through to a full machine-readable profile — its backers, rounds and related Wire analysis — and the tables below list every entity Fusion42 tracks in Drug Discovery, refreshed as new rounds and funds are announced.
◆ Funds in Drug Discovery (52 tracked)
| Fund | Type | HQ |
|---|---|---|
| Forbion Growth Opportunities Fund IV and Forbion Ventures Fund VIII | vc | Netherlands |
| LumaBio Fund I | vc | United States |
| Mitsui Link-Fund | corporate vc | Japan |
| offshore RMB venture fund | vc | Hong Kong |
| Fresenius Ventures | corporate vc | Germany |
| Fresenius Ventures | corporate vc | Germany |
| Dimension III | vc | United States |
| AlleyCorp Fund II | vc | United States |
| Criteria Bio Ventures | vc | Spain |
| Yosemite Fund II | vc | United States |
| Bertelsmann Healthcare Investments | corporate vc | Germany |
| Genesys University Seed Fund | vc | Canada |
| Elanco Ventures | corporate vc | United States |
| Kos Biotechnology Fund | vc | Greece |
| Star51 Capital | vc | United States |
| Third Rock Ventures VII | vc | United States |
| Lotte Healthcare and Biopharmaceutical CVC | corporate vc | Japan |
| BOLD | corporate vc | France |
| Asabys Innvierte Tech Transfer | vc | Spain |
| Yosemite | vc | United States |
| Montana Children's Health | vc | Spain |
| Cancer Breakthrough Fund | vc | Canada |
| Servier Ventures | corporate vc | France |
| WorldQuant Genesis | vc | Israel |
| AI Health Fund | vc | United States |
Show all 50 funds
| Northern Gritstone | vc | United Kingdom |
| Spain–Boston Biotechnology initiative | vc | Spain |
| Life Sciences Venture Fund | vc | Canada |
| Immune Boost Capital | vc | United States |
| Medicxi V | vc | United Kingdom |
| Sofinnova Capital XI | vc | France |
| ASA Fund | vc | Japan |
| Arch | vc | United States |
| UTokyo IPC Fund 2 | vc | Japan |
| Lupus Ventures | vc | United States |
| Boehringer Ingelheim Venture Fund | corporate vc | Germany |
| PxB Fund | vc | United States |
| T1D Fund | vc | United States |
| Crossroads Health Ventures | vc | United States |
| Epidarex Capital IV | vc | United Kingdom |
| LifeArc Ventures | corporate vc | United Kingdom |
| Blue Fund | vc | France |
| InceptionBio | vc | Spain |
| Breakout Ventures | vc | United States |
| Braidwell Partners Fund | vc | United States |
| New Jersey Innovation Evergreen Fund | vc | United States |
| Dimension | vc | United States |
| Celiac Disease Foundation Impact Fund | vc | United States |
| UBC Catalyst Venture Fund | vc | Canada |
| Santé Ventures Fund 5 | vc | United States |
◆ Startups in Drug Discovery (17 tracked)
| Startup | Stage | HQ | Raised |
|---|---|---|---|
| Estuary Biotherapeutics | series-a | United States | $93M |
| SereNeuro Therapeutics | pre-seed | United States | — |
| ZoeNCure Therapeutics | seed | India | $2.1M |
| Cascader Ltd | seed | United Kingdom | — |
| Kasvu Therapeutics | series-a | Finland | $34.4M |
| Altis Labs | series-a | Canada | $25M |
| Biolevate | series-a | France | $34.4M |
| Halmos Labs | seed | Sweden | $0.5M |
| sci2sci | pre-seed | Germany | $1.4M |
| Omega Ophthalmics, LLC | series-a | United States | $7M |
| Lyora Therapeutics | pre-seed | United States | $2.5M |
| Waypoint Bio | series-a | United States | $20M |
| SwishX | seed | India | $2.2M |
| ALP Bio | seed | Switzerland | $2.1M |
| Healome Therapeutics | seed | United Kingdom | $2.7M |
| Thalia Therapeutics | — | United Kingdom | — |
| Telum Therapeutics | — | Spain | — |
◆ Recent Wire analysis
- AI Steps Into RNA Drug Discovery, From Small Molecules to Oligonucleotide Therapeutics17 Oct 2026
- Inside Teva's Weltruza launch and Novo's GLP-1 strategy17 Oct 2026
- New Drug Protects People With Celiac Disease From Gluten Damage in Clinical Trial16 Oct 2026
- Translating base editors: a decade of progress from the bench to the clinic16 Oct 2026
- AstraZeneca agrees $40m AI drug discovery deal with insitro16 Oct 2026
- AstraZeneca strikes $40 million AI drug discovery deal with insitro16 Oct 2026
- NCS AUA 2026: Topline Results from BOND-003 Cohort P: A Multi-National, Single-Arm ...16 Oct 2026
- FDA 'reset' continues with new plan for reviewing rare disease drugs15 Oct 2026
- Standardizing Organ-on-a-Chip in U.S. Drug R&D15 Oct 2026
- AstraZeneca and Insitro Ink $1.86 Billion AI Drug Discovery Deal15 Oct 2026