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Quan Capital

Asia, Shanghai, China, Shanghai

Description

Quan Capital is a prominent healthcare-focused venture capital firm, established in 2010, with a distinctive dual presence in Shanghai, China, and Palo Alto, California. This strategic positioning allows the firm to bridge the significant healthcare innovation ecosystems of both the United States and China, identifying and nurturing groundbreaking companies in the life sciences sector. Their investment mandate spans a broad spectrum of healthcare sub-sectors, including biopharmaceuticals, medical devices, diagnostics, and digital health, reflecting a comprehensive approach to addressing global health challenges.

The firm employs a flexible investment strategy, engaging with companies across various development stages, from early-stage startups to more mature, late-stage enterprises. Quan Capital typically seeks to lead or co-lead investment rounds, providing not only capital but also strategic guidance and operational support to its portfolio companies. Initial investments generally range from $10 million to $30 million, demonstrating their capacity to make substantial commitments to promising ventures. Their investment philosophy emphasizes long-term partnerships and a deep understanding of the scientific and commercial intricacies of the healthcare industry.

Over its operational history, Quan Capital has successfully raised and deployed significant capital across multiple funds. The firm closed its first fund, Quan Capital I, in 2010, followed by Quan Capital II in 2014, and Quan Capital III in 2019. Most recently, in March 2024, Quan Capital announced the final close of its fourth fund, Quan Capital IV, bringing its total assets under management to over $1.2 billion across these four dedicated healthcare funds. This consistent growth in fund size underscores investor confidence in their expertise and investment track record.

Quan Capital's portfolio showcases a strong track record of backing innovative companies that have achieved significant milestones, including successful public listings and strategic acquisitions. Their cross-border investment approach enables them to capitalize on unique opportunities arising from both established and emerging markets, fostering the development of novel therapies and technologies that address unmet medical needs globally. The firm's commitment to advancing healthcare innovation is evident in its sustained investment activity and the impactful contributions of its portfolio companies to the life sciences landscape.

Investor Profile

Quan Capital has backed more than 24 startups, with 2 new investments in the last 12 months alone. The firm has led 5 rounds, about 21% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United States, China, United Kingdom.
  • Strong thematic focus on Biotechnology, Health Care, Pharmaceutical.
  • Typical check size: $10M – $30M.

Stage Focus

  • Series A (42%)
  • Series B (38%)
  • Series C (13%)
  • Series D (4%)
  • Series Unknown (4%)

Country Focus

  • United States (71%)
  • China (13%)
  • United Kingdom (8%)
  • Hong Kong (4%)
  • Switzerland (4%)

Industry Focus

  • Biotechnology
  • Health Care
  • Pharmaceutical
  • Medical
  • Biopharma
  • Life Science
  • Therapeutics
  • Oncology
  • Clinical Trials
  • Precision Medicine
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Quan Capital frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 5
Wellington Management
North America, Massachusetts, United States, Boston
Co-Investments: 4
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 5
SR One
North America, Massachusetts, United States, Cambridge
Co-Investments: 6
F-Prime Capital
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
Fairmount Funds Management
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 4
Vivo Capital
North America, California, United States, Palo Alto
Co-Investments: 5
Pivotal bioVenture Partners
North America, California, United States, San Francisco
Co-Investments: 3
Eight Roads Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
Lilly Asia Ventures
Asia, Shanghai, China, Shanghai
Co-Investments: 5

What are some of recent deals done by Quan Capital?

Windward Bio

Basel, Basel-Stadt, Switzerland

Windward Bio develops monoclonal antibodies for advanced immunological diseases.

BiotechnologyLife ScienceMedical
Series AJan 10, 2025
Amount Raised: $200,000,000
Avenzo Therapeutics

San Diego, California, United States

Avenzo Therapeutics specializes in the development of oncology therapies for cancer treatment.

BiotechnologyHealth CareMedicalOncologyTherapeutics
Series ANov 18, 2024
Zenas BioPharma

Waltham, Massachusetts, United States

Zenas BioPharma is a biopharmaceutical company that focuses on developing immune-based therapies for patients.

BiopharmaHealth CarePharmaceutical
Series CMay 7, 2024
Amount Raised: $200,000,000
Avenzo Therapeutics

San Diego, California, United States

Avenzo Therapeutics specializes in the development of oncology therapies for cancer treatment.

BiotechnologyHealth CareMedicalOncologyTherapeutics
Series AMar 26, 2024
Amount Raised: $150,000,000
Crescendo Biologics

Cambridge, Cambridgeshire, United Kingdom

Crescendo Biologics is engaged in the development of a proprietary drug portfolio based on their VH antibody fragment platform.

BiotechnologyHealth CareTherapeutics
Series UnknownJul 24, 2023
Amount Raised: $32,000,000
Adcentrx Therapeutics

San Diego, California, United States

Adcentrx is a biotechnology company focused on therapeutic development for cancer and other life-threatening diseases

BiotechnologyPharmaceutical
Series AApr 24, 2023
Amount Raised: $51,000,000
Alebund Pharmaceuticals

Shanghai, Shanghai, China

Alebund Pharmaceuticals is a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases.

BiotechnologyLife SciencePharmaceutical
Series CApr 12, 2023
Amount Raised: $29,091,755
Zenas BioPharma

Waltham, Massachusetts, United States

Zenas BioPharma is a biopharmaceutical company that focuses on developing immune-based therapies for patients.

BiopharmaHealth CarePharmaceutical
Series BNov 7, 2022
Amount Raised: $118,000,000
Walking Fish Therapeutics

San Francisco, California, United States

Walking Fish Therapeutics is developing a platform to harness B cells’ capability to activate the immune system.

BiotechnologyLife Science
Series ASep 13, 2021
Amount Raised: $50,000,000
Alebund Pharmaceuticals

Shanghai, Shanghai, China

Alebund Pharmaceuticals is a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases.

BiotechnologyLife SciencePharmaceutical
Series BSep 13, 2021
Amount Raised: $54,500,000