Top Venture Capital Firms & Investors for Biotech Startups in 2025

The biotech sector experienced a major rebound in 2024, with venture funding surging after a slowdown in 2022–23. In the U.S. and Europe, biotech startups collectively raised $28.1 billion in venture capital, marking a 33% increase from the previous year’s $21.2 billion. This renewed confidence in biotech investment was characterized by larger funding rounds but fewer deals overall, signaling a shift toward high-conviction bets on select companies.

Investors play a critical role in the biotech ecosystem. They provide the necessary capital to fund research, development, and commercialization of new technologies. Understanding the landscape of biotech investment in 2024 can give startups a significant edge in attracting and securing the right partners. We have therefore listed the worlds all BioTech investors.

Leading Biotech Venture Capital Firms and Investors

Biotech remains dominated by sector-specialized investors, with several top-tier venture capital firms and corporate backers leading the largest deals in 2024.

Among the most active biotech VCs were
Novo Holdings, Frazier Life Sciences, Arch Venture Partners, and Forbion Ventures, all of which played key roles in financing high-growth startups and emerging biopharma innovators.

In a sign of growing crossover between biotech and Silicon Valley, leading tech-focused funds are expanding into biotech investing. Andreessen Horowitz (
a16z Bio Fund) and SoftBank made high-profile biotech bets in 2024, particularly in the AI-driven drug discovery space.

For example, a16z backed Genesis Therapeutics, a biotech startup using AI to accelerate drug development, reinforcing the trend of computational biology bridging the gap between biotech and tech investing.

Key Biotech Startups and Funding Trends in 2025

Several biotech startups secured blockbuster funding rounds in 2024, underscoring the renewed investor confidence in the industry. Xaira Therapeutics, a next-generation biotech company, raised a record-breaking $1 billion launch round, marking one of the largest biotech fundings of the year. This mega-deal set the tone for a wave of $100M+ early-stage biotech financings, signaling strong institutional backing for breakthrough science.

Two standout biotech startups, Seaport Therapeutics and Exsilio Therapeutics, both founded by renowned scientists with successful exits, raised Series A rounds exceeding $100–200 million each. Investors are increasingly betting on experienced biotech founders, providing them with large-scale funding from the outset to accelerate drug development and commercialization.

With biotech investment at an all-time high, a wave of AI-powered drug discovery startups, and pharmaceutical giants increasingly backing venture-stage innovation, 2025 is set to be a transformative year for biotech startups and investors.

All BioTech Investors Globally

Merus Capital
Founded
2008
Investments
74
Exits
17
Investment stage
Pre-Seed
Seed
Series A
Company profile
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Milano Investment Partners SGR
Founded
2017
Investments
33
Exits
0
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
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Millennium Technology Value Partners
Founded
2000
Investments
54
Exits
25
Investment stage
Pre-Seed
Seed
Series A
Series B
Series C
Company profile
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Mission BioCapital
Founded
2009
Investments
56
Exits
16
Investment stage
Pre-Seed
Seed
Series A
Company profile
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Morgan Stanley Investment Management
Founded
1899
Investments
16
Exits
3
Investment stage
Pre-Seed
Seed
Series A
Company profile
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Morningside Group
Founded
1986
Investments
178
Exits
31
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
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NGN Capital
Founded
2003
Investments
38
Exits
13
Investment stage
Pre-Seed
Seed
Series A
Series B
Series C
Company profile
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Narya Capital
Founded
2019
Investments
12
Exits
1
Investment stage
Seed
Series A
Series B
Series C
Company profile
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New Era Capital Partners
Founded
2018
Investments
20
Exits
1
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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Noon Ventures
Founded
2020
Investments
3
Exits
Investment stage
Seed
Company profile
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North Ventures
Founded
2019
Investments
20
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
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Northpond Ventures
Founded
2018
Investments
93
Exits
10
Investment stage
Pre-Seed
Seed
Series A
Company profile
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Northzone
Founded
1996
Investments
248
Exits
45
Investment stage
Seed
Series A
Series B
Company profile
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Norwest Venture Partners
Founded
1961
Investments
848
Exits
177
Investment stage
Pre-Seed
Seed
Series A
Series B
Series C
Company profile
See full breakdown
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Novaquest Capital Management
Founded
2010
Investments
16
Exits
9
Investment stage
Pre-Seed
Seed
Series A
Company profile
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OUP (Osage University Partners)
Founded
2009
Investments
197
Exits
52
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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Obvious Ventures
Founded
2014
Investments
131
Exits
13
Investment stage
Pre-Seed
Seed
Series A
Series B
Series C
Company profile
See full breakdown
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Octopus Ventures
Founded
2008
Investments
327
Exits
46
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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On Deck
Founded
2015
Investments
27
Exits
0
Investment stage
Series A
Seed
Pre-Seed
Company profile
See full breakdown
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OneVentures
Founded
2006
Investments
52
Exits
3
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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Optum Ventures
Founded
2017
Investments
73
Exits
4
Investment stage
Pre-Seed
Seed
Series A
Company profile
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OrbiMed
Founded
1989
Investments
562
Exits
212
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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PSP Investments
Founded
1999
Investments
29
Exits
12
Investment stage
Series A
Series B
Company profile
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Pegasus Tech Ventures
Founded
2011
Investments
233
Exits
45
Investment stage
Pre-Seed
Seed
Series A
Company profile
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What factors should biotech startups consider when choosing investors?

Biotech startups should consider several factors when choosing investors, including the investor's industry expertise, the level of support provided, their track record with similar companies, and their alignment with the startup's values and goals. Finding investors who offer not just financial resources but also strategic guidance and networking opportunities can be crucial for the growth and success of the company.

How can startups demonstrate their potential to investors?

Startups can demonstrate their potential to investors by showcasing a clear, compelling value proposition, a well-defined business model, and the scientific validity of their technology or approach. Additionally, highlighting a strong management team, successful pilot studies or clinical trials, and a robust intellectual property portfolio can further enhance their attractiveness to investors.

What is sustainable and ethical investment in biotech?

Sustainable and ethical investment in biotech focuses on investments that consider not just financial returns but also the broader impact on society and the environment. This includes promoting practices that are environmentally sustainable, socially responsible, and ethically sound. Startups that prioritize these values are more likely to attract investors who are committed to making a positive difference.

Who are some of the key investors in the biotech industry?

Some key investors in the biotech industry include Arch Venture Partners, Flagship Pioneering, Third Rock Ventures, and Sofinnova Partners. These investors are known for their significant contributions to supporting innovative biotech ventures and helping startups achieve their goals.