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Investors / China / Lilly Asia Ventures

Lilly Asia Ventures

Venture capital · Shanghai, China · Asia Pacific

lavfund.com

Lilly Asia Ventures is a biomedical venture capital firm. It invests long-term capital in entrepreneurs and companies developing products to treat diseases and improve human health.

Invests inHealthcare & Biotech

In its own wordsbiopharmaceuticalstherapeuticsmedical devicesdiagnosticshealthcare

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60portfolio companies
15funding rounds on record3 led
11rounds, last 12 months
$20M to $100Mtypical round it comes in at
Series Bmost frequent entry

Lilly Asia Ventures lists 60 checked portfolio companies on its own site and is named in 15 funding rounds, 3 of them as lead. Its most frequent entry is Series B, 57% of the companies with a known first round. Its largest themes are Healthcare & Biotech (96%), Fintech (2%) and Robotics & Hardware (2%). 56% of its companies are based in China. It invests most often alongside RA Capital, Qiming Venture Partners and ARCH Venture Partners.

Counts come from funding rounds that name Lilly Asia Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Lilly Asia Ventures' whole history. Rounds on record name 15 companies; its own site lists 60. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round

Lilly Asia Ventures does not state its stages on its site, so only what it does is shown.

Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed7%
Series A14%
Series B57%
Growth21%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2551
'26102

Investor profile

percentile among all firms
Portfolio size: 60 companiesRecent activity: 11 rounds in 12 monthsEarly stage: 7% of entries at pre-seed or seedEvidence: 2% of companies confirmed by a roundSector focus: 96% in its largest sectorReach: 4 countriesPortfolio size88th pctRecent activity95th pctEarly stage54th pctEvidence54th pctSector focus97th pctReach70th pct
This firmMedian of all firms
Show as a table
Lilly Asia Ventures compared with all firms
MeasurePercentile of all firmsValue
Portfolio size88th60 companies
Recent activity95th11 rounds in 12 months
Early stage54th7% of entries at pre-seed or seed
Evidence54th2% of companies confirmed by a round
Sector focus97th96% in its largest sector
Reach70th4 countries

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
RA Capital8
Qiming Venture Partners7
ARCH Venture Partners4
Foresite Capital4
HSG4
Casdin Capital3
Decheng Capital3
F-Prime Capital3

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Site status

  • Site answers5490%
  • No longer answers00%
  • Points to another company610%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Healthcare & Biotech96%15%
Fintech2%12%
Robotics & Hardware2%1%

Co-investor network

who it backs companies with, and who they back together
21 shared companies16 shared companies15 shared companies14 shared companies11 shared companies11 shared companies11 shared companies11 shared companies11 shared companies10 shared companies10 shared companies9 shared companies9 shared companies8 shared companies7 shared companies6 shared companies6 shared companies6 shared companies6 shared companies5 shared companies5 shared companies5 shared companies4 shared companies4 shared companiesRA Capital: 8 shared companiesRA Capital8Qiming Venture Partners: 7 shared companiesQiming Venture Partne…7ARCH Venture Partners: 4 shared companiesARCH Venture Partners4Foresite Capital: 4 shared companiesForesite Capital4HSG: 4 shared companiesHSG4Casdin Capital: 3 shared companiesCasdin Capital3Decheng Capital: 3 shared companiesDecheng Capital3F-Prime Capital: 3 shared companiesF-Prime Capital3NEA: 3 shared companiesNEA3Nextech Invest: 3 shared companiesNextech Invest3Sofinnova: 3 shared companiesSofinnova3B Capital: 2 shared companiesB Capital2
Shared portfolio companies with Lilly Asia VenturesFirms that also back companies together

All co-investors or Compare portfolios with RA Capital

Compare Lilly Asia Ventures head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with Lilly Asia Ventures
DateCompanyStage
31 Aug 2026qimingvc.comqimingvc.comSeed
13 Aug 2026Khartis Therapeuticskhartis.comSeries B
26 Mar 2026Pinnacle Medicinespinnaclemedicines.comSeries B Led
13 Mar 2026stairmed.comstairmed.comRound
9 Feb 2026QuantX Biosciencesquantxbio.comSeries B Led
14 Jan 2026calderatx.comcalderatx.comSeries A
4 Dec 2025SciNeuro Pharmaceuticalsscineuro.comSeries C+ Led
3 Oct 2025Akura Medicalakuramed.comSeries B

Round details for Lilly Asia Ventures

Amounts, full round histories and every co-investor in Lilly Asia Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

60 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Airdocairdoc.com · ChinaAirdoc develops and sells a device for children and teenagers to help control myopia
Healthcare & Biotech
Portfolio page
Akura Medicalakuramed.com · United StatesAkura Medical develops medical devices for treating venous thromboembolism
Healthcare & Biotech
Oct 2025Series BFunding round
Alebundalebund.com · ChinaAlebund is a biopharmaceutical company focused on developing innovative treatments for kidney diseases and related chronic diseases.
Healthcare & Biotech
Portfolio page
Allistallist.com.cnAllist is a biopharmaceutical company that develops and produces drugs, including treatments for non-small cell lung cancer.
Healthcare & Biotech
Portfolio page
Ansun Biopharmaansunbiopharma.com · USAAnsun Biopharma develops innovative therapeutics to address unmet medical needs in respiratory viral infections.
Healthcare & Biotech
Portfolio page
ArriVentarrivent.com · United StatesThe company is dedicated to the identification, development and commercialization of differentiated medicines to address the unmet medical needs of patients with difficult-to-treat diseases, beginning with cancers.
Healthcare & Biotech
Portfolio page
Ausunpharmausunpharm.com · ChinaThe company develops, produces, and sells pharmaceutical preparations, specialty active pharmaceutical ingredients, and pharmaceutical key intermediates.
Healthcare & Biotech
Portfolio page
Avedroavedro.com · United States
Healthcare & Biotech
Portfolio page
avenzotx.comavenzotx.com · United StatesAvenzo Therapeutics develops next-generation oncology therapies to transform cancer treatment
Healthcare & Biotech
Sept 2025Series BFunding round
Bettapharmabettapharma.com · ChinaBettapharma develops new drugs
Healthcare & Biotech
Portfolio page
Black Diamond Therapeuticsblackdiamondtherapeutics.com
Portfolio page
Burning Rock Dxbrbiotech.comBurning Rock Dx is a global diagnostics company focusing on applying next-generation sequencing technology in precision oncology.
Healthcare & Biotech
Portfolio page
calderatx.comcalderatx.com · United StatesCaldera Therapeutics is a clinical-stage biotechnology company developing a potential first-in-class bispecific antibody for inflammatory bowel disease and other immune-mediated diseases.
Healthcare & Biotech
Jan 2026Series AFunding round
Cansinotechcansinotech.com · ChinaCanSinoBIO is a biopharmaceutical company dedicated to providing global solutions for the prevention and treatment of infectious diseases through research and development, manufacturing and commercialization of vaccine products for human use.
Healthcare & Biotech
Portfolio page
Connect Biopharmaconnectbiopharm.com · USAConnect Biopharma is a clinical-stage biopharmaceutical company dedicated to transforming care for asthma and COPD.
Healthcare & Biotech
Portfolio page
Correctsequencecorrectsequence.com · ChinaThe company develops breakthrough precise therapies using its own base editing system
Healthcare & Biotech
Portfolio page
CROWNcrownbio.com · United StatesCrown Bioscience provides services for translational oncology, including preclinical services, biomarker and bioanalysis services, and clinical biomarker services
Healthcare & Biotech
Portfolio page
Cullinan Oncologycullinanoncology.com
Portfolio page
Dizal Pharmadizalpharma.com · ChinaDizal is a biopharmaceutical company, dedicated to the discovery, development and commercialization of differentiated therapeutics for the treatment of oncology and hematological diseases.
Healthcare & Biotech
Portfolio page
EdiGeneedigene.com · ChinaThe company develops innovative therapies using gene editing technology
Healthcare & Biotech
Portfolio page

About this data

site last read 12 Nov 2026
The homepage of Lilly Asia Ventures, as last read
lavfund.com as VCinfo last read it
Site
lavfund.com
Last read
12 Nov 2026
Watching since
5 Nov 2026
Rounds since
9 Jan 2025
Companies checked
60

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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