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The Venture Codex

ShangBay Capital

1555 Alma Street, Palo Alto, CA, 94301, US

Overview

Best-in-class investments in medical devices and biotech sectors.

Deals · 12mo

3

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Canada
United States

Sector focus

—

Investment portfolio

37rounds
NAMEDATESIZE
Sound Health
Jul 2026Led
$12 MSeries A
Nervonik
Apr 2026Participated
$53 MSeries B
Petal Surgical
Oct 2025Participated
$10 MSeries A
SetPoint Medical
Aug 2025Participated
$140 MSeries D
Fluid Biomed Inc.
Dec 2024Participated
$27 MSeries A
Inquis Medical
Nov 2024Participated
$40 MSeries B
Venova Medical
Sep 2024Participated
$30 MSeries B
Avation Medical
Feb 2024Led
$22 MSeries C
Laplace Interventional
Jul 2023Led
$13 MSeries B
Luminopia
Jun 2023Participated
$16 MSeries A
Presidio Medical
Jun 2023Participated
$72 MSeries C
Solenic Medical
Jun 2023Participated
$5 MSeries A
Sound Health
Jul 2026Led
$12 MSeries A
Nervonik
Apr 2026Participated
$53 MSeries B
Petal Surgical
Oct 2025Participated
$10 MSeries A
SetPoint Medical
Aug 2025Participated
$140 MSeries D
Fluid Biomed Inc.
Dec 2024Participated
$27 MSeries A
Inquis Medical
Nov 2024Participated
$40 MSeries B
Venova Medical
Sep 2024Participated
$30 MSeries B
Avation Medical
Feb 2024Led
$22 MSeries C
Laplace Interventional
Jul 2023Led
$13 MSeries B
Luminopia
Jun 2023Participated
$16 MSeries A
Presidio Medical
Jun 2023Participated
$72 MSeries C
Solenic Medical
Jun 2023Participated
$5 MSeries A
37
Items
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Insights

Time horizon

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Deal Distribution

ShangBay Capital: 37 funding rounds are recorded in the selected participation categories.All available history.
ShangBay Capital: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed20
Series A212
Series B26
Series C+25
Other Equity24

Monthly Deal Activity

ShangBay Capital: 37 deals are recorded across 103 months.All available history.
ShangBay Capital: 37 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '182
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '191
Jun '191
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '201
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '211
Apr '210
May '211
Jun '210
Jul '212
Aug '211
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '232
Feb '230
Mar '231
Apr '231
May '230
Jun '233
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '241
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

ShangBay Capital: Health & Life Sciences is the largest displayed sector by deal count (36 deals).All available history.

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

ShangBay Capital: Health & Life Sciences is the largest displayed sector by deal count (36 deals). All available history
SectorDeals
Health & Life Sciences36
Space & Frontier Tech3
Manufacturing2
AR/VR2
Networks, Cloud & Communication1
Hardware & Robotics1
Developer Tools1
Consumer & Lifestyle1

Deal Size Distribution

ShangBay Capital: 37 rounds have a disclosed size in the displayed size bands.All available history.

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

ShangBay Capital: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M7
$10M-$25M13
$25M-$50M5
$50M-$100M7
$100M-$250M4
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

ShangBay Capital: United States has the largest recorded deal count among the displayed regions (34 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

ShangBay Capital: United States has the largest recorded deal count among the displayed regions (34 deals). All available history
RegionDeals
United States34
Canada2
China1
ShangBay Capital: 20 co-investors are shown, with Action Potential Venture Capital sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

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.

ShangBay Capital: 20 co-investors are shown, with Action Potential Venture Capital sharing 3 recorded deals. All available history
Co-investorShared deals
Action Potential Venture Capital3
Aethan Capital3
Cormorant Asset Management3
SV Tech Ventures3
AMED Ventures2
Aphelion Capital2
Asahi Kasei2
Ascendum Capital2
Boston Scientific2
Catalio Capital Management2
Elevage Medical Technologies2
Euclidean Capital2
Gilmartin Capital2
Hongshan Capital Group (Sequoia Capital China)2
Invus2
METIS Innovative2
Midas Capital2
Morgenthaler Ventures2
New Enterprise Associates2
Richard King Mellon Foundation2

Investment Strategy

ShangBay Capital: Led accounts for 27% and participating for 73% of round participation.All available history.
ShangBay Capital: Led accounts for 27% and participating for 73% of round participation. All available history
CategoryDeals (count)Share (%)
Led1027%
Participating2773%
ShangBay Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
ShangBay Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead550%
Co-led550%

Team

Erik Engelson

Venture Partner

William Dai

Founding Managing Partner