Decheng Capital Investments & Fund Profile

Overview

Investment firm supporting life science and healthcare companies.

Founded

2012

Deals · 12mo

6

Links

Website LinkedIn

Stage focus

Series A

Series B

Series C

Geographic focus

China

United States

Sector focus

Financial Services

Health Care

Venture Capital

Investment portfolio

64rounds

LedParticipated

NAME	DATE	SIZE
Synphatec	Sep 2026Led	$50 MSeries A
Serapha Bio	Jun 2026Participated	$138 MSeries A
Vivacta Biotechnology (Shanghai) Co., Ltd.	Apr 2026Led	$50 MSeries A
Syneron Bio	Apr 2026Led	$150 MSeries B
Excellergy	Dec 2025Participated	$70 MSeries A
Phrontline Biopharma	Nov 2025Participated	$60 MSeries A
Ottimo Pharma	Dec 2024Participated	$140 MSeries A
Phrontline Biopharma	Jun 2024Led	$14 MSeries A
Aardvark Therapeutics	May 2024Led	$85 MSeries C
Firefly Bio	Feb 2024Participated	$94 MSeries A
Yaotang Biology	Nov 2023Led	$14 MSeries A
Adela	Sep 2023Participated	$48 MOther Equity
Synphatec	Sep 2026Led	$50 MSeries A
Serapha Bio	Jun 2026Participated	$138 MSeries A
Vivacta Biotechnology (Shanghai) Co., Ltd.	Apr 2026Led	$50 MSeries A
Syneron Bio	Apr 2026Led	$150 MSeries B
Excellergy	Dec 2025Participated	$70 MSeries A
Phrontline Biopharma	Nov 2025Participated	$60 MSeries A
Ottimo Pharma	Dec 2024Participated	$140 MSeries A
Phrontline Biopharma	Jun 2024Led	$14 MSeries A
Aardvark Therapeutics	May 2024Led	$85 MSeries C
Firefly Bio	Feb 2024Participated	$94 MSeries A
Yaotang Biology	Nov 2023Led	$14 MSeries A
Adela	Sep 2023Participated	$48 MOther Equity

64 Items

64

Items

...

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Insights

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Deal Distribution

Decheng Capital: 64 funding rounds are recorded in the selected participation categories. All available history
Round type	Led deals	Participated deals
Series A	8	10
Series B	8	8
Series C+	5	16
Other Equity	5	4

Monthly Deal Activity

Decheng Capital: 64 deals are recorded across 177 months. All available history
Month	Deals
Feb '12	1
Mar '12	0
Apr '12	0
May '12	0
Jun '12	0
Jul '12	0
Aug '12	0
Sep '12	0
Oct '12	0
Nov '12	0
Dec '12	0
Jan '13	0
Feb '13	0
Mar '13	0
Apr '13	0
May '13	0
Jun '13	0
Jul '13	0
Aug '13	0
Sep '13	0
Oct '13	0
Nov '13	1
Dec '13	0
Jan '14	0
Feb '14	0
Mar '14	0
Apr '14	0
May '14	0
Jun '14	0
Jul '14	1
Aug '14	0
Sep '14	0
Oct '14	1
Nov '14	0
Dec '14	0
Jan '15	0
Feb '15	0
Mar '15	0
Apr '15	0
May '15	0
Jun '15	0
Jul '15	0
Aug '15	0
Sep '15	0
Oct '15	0
Nov '15	0
Dec '15	0
Jan '16	0
Feb '16	0
Mar '16	0
Apr '16	0
May '16	0
Jun '16	0
Jul '16	0
Aug '16	0
Sep '16	2
Oct '16	0
Nov '16	1
Dec '16	0
Jan '17	0
Feb '17	0
Mar '17	0
Apr '17	1
May '17	1
Jun '17	0
Jul '17	0
Aug '17	1
Sep '17	0
Oct '17	0
Nov '17	1
Dec '17	0
Jan '18	0
Feb '18	0
Mar '18	0
Apr '18	0
May '18	0
Jun '18	1
Jul '18	2
Aug '18	2
Sep '18	0
Oct '18	2
Nov '18	0
Dec '18	1
Jan '19	0
Feb '19	0
Mar '19	0
Apr '19	0
May '19	0
Jun '19	0
Jul '19	0
Aug '19	0
Sep '19	0
Oct '19	1
Nov '19	0
Dec '19	0
Jan '20	3
Feb '20	0
Mar '20	1
Apr '20	0
May '20	0
Jun '20	4
Jul '20	2
Aug '20	0
Sep '20	0
Oct '20	0
Nov '20	0
Dec '20	0
Jan '21	1
Feb '21	0
Mar '21	2
Apr '21	1
May '21	2
Jun '21	1
Jul '21	1
Aug '21	0
Sep '21	1
Oct '21	0
Nov '21	0
Dec '21	0
Jan '22	1
Feb '22	1
Mar '22	0
Apr '22	0
May '22	1
Jun '22	2
Jul '22	0
Aug '22	0
Sep '22	1
Oct '22	0
Nov '22	2
Dec '22	0
Jan '23	0
Feb '23	0
Mar '23	0
Apr '23	1
May '23	0
Jun '23	1
Jul '23	0
Aug '23	2
Sep '23	2
Oct '23	0
Nov '23	1
Dec '23	0
Jan '24	0
Feb '24	1
Mar '24	0
Apr '24	0
May '24	1
Jun '24	1
Jul '24	0
Aug '24	0
Sep '24	0
Oct '24	0
Nov '24	0
Dec '24	1
Jan '25	0
Feb '25	0
Mar '25	0
Apr '25	0
May '25	0
Jun '25	0
Jul '25	0
Aug '25	0
Sep '25	0
Oct '25	0
Nov '25	1
Dec '25	1
Jan '26	0
Feb '26	0
Mar '26	0
Apr '26	2
May '26	0
Jun '26	1
Jul '26	0
Aug '26	0
Sep '26	1
Oct '26	0

Sector Breakdown

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Decheng Capital: Health & Life Sciences is the largest displayed sector by deal count (63 deals). All available history
Sector	Deals
Health & Life Sciences	63
Manufacturing	4
Space & Frontier Tech	2
Marketing & Advertising	1
AI & Machine Learning	1
Professional Services	1
Data, Analytics & IT	1

Deal Size Distribution

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Decheng Capital: 64 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)	Deals
<$5M	0
$5M-$10M	0
$10M-$25M	9
$25M-$50M	12
$50M-$100M	21
$100M-$250M	19
$250M-$500M	3
$500M-$1B	0
$1B+	0

Deals By Geography

Top 4 of 4 regions; European countries are grouped as Europe.

Decheng Capital: United States has the largest recorded deal count among the displayed regions (50 deals). All available history
Region	Deals
United States	50
China	11
Europe	2
India	1

Co-Investors

Bubble size = shared deals

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Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Decheng Capital: 20 co-investors are shown, with OrbiMed sharing 12 recorded deals. All available history
Co-investor	Shared deals
OrbiMed	12
Foresite Capital	7
Deerfield Management	6
RA Capital Management	6
Cormorant Asset Management	5
HBM Healthcare Investments	5
Janus Henderson Investors	5
Longitude Capital	5
Samsara BioCapital	5
Vivo Capital	5
F-Prime Capital	4
Google Ventures	4
Lilly Asia Ventures	4
Sofinnova Ventures	4
Surveyor Capital	4
venBio Partners	4
Wellington Management	4
Access Biotechnology	3
ARCH Venture Partners	3
Biomatics Capital	3