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The Founder's Handbook

Top 40 Biopharma Startups in 2024

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Have you ever wondered who is on the list of Biopharma companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 40 fast-growing Biopharma startups that have top-tier venture capital funding.


40 Biopharma Startups

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1) HiFiBiO

HiFiBiO

HiFiBiO develops and commercializes unique single cell technologies for medication and biomarker discovery and development.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2013
  • Founders: Jeff He, Liang Schweizer, Robert Nicol
  • Number of employees: 101-250
  • Funding: $179,500,000
  • Funding rounds: 4
  • Number of investors: 20 (Further, Sequoia Capital China, B Capital Group, IDG Capital, Kite Pharma)

You can find their website here.

2) BlueRock Therapeutics

BlueRock Therapeutics

It's a corporation that specializes in regenerative medicine.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2016
  • Founders: Gordon Keller
  • Number of employees: 101-250
  • Funding: $225,000,000
  • Funding rounds: 1
  • Number of investors: 2 (Bayer, Versant Ventures)

You can find their website here.

3) Isotopen Technologien München

Isotopen Technologien München

Isotopen Technologien München is a biotechnology and radiopharmaceutical collection of firms that is privately held.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Garching
  • Started in: 2004
  • Founders: Oliver Buck
  • Number of employees: 1-10
  • Funding: € 175,000,000
  • Funding rounds: 4
  • Number of investors: 5 (European Investment Bank, MedTech, Petrichor Healthcare Capital Management, FRIBA Investment, Portland Holdings)

You can find their website here.

4) InVivo

InVivo

Agriculture cooperation can reclaim their proper place in the global food value chain with the support of InVivo.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 1945
  • Number of employees: 5001-10000
  • Funding: € 265,000,000
  • Funding rounds: 3
  • Number of investors: 4 (Eurazeo, Imperial Create Lab, La Financiere Patrimoniale d'Investissement, CDC International Capital)

You can find their website here.

5) ENTEROME

ENTEROME

Enterome is a clinical-stage business working on medications to treat chronic medical problems caused by bacterial composition imbalances.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2011
  • Founders: Pierre Belichard, Stanislav Dusko EHRLICH
  • Number of employees: 11-50
  • Funding: € 112,500,000
  • Funding rounds: 7
  • Number of investors: 11 (Bristol-Myers Squibb, European Investment Bank, Takeda Pharmaceutical, Seventure Partners, Omnes Capital)

You can find their website here.

6) Brinter

Brinter

Brinter is a cutting-edge modular 3D bioprinter designed for global markets.

Details of the startup:

  • Country: Finland
  • State: Western Finland
  • City: Turku
  • Started in: 2018
  • Founders: Piira Marko, Tomi Kalpio
  • Number of employees: 1-10
  • Funding: € 1,200,000
  • Funding rounds: 1
  • Number of investors: 1 (Innovestor)

You can find their website here.

7) RheaVita

RheaVita

RheaVita is a biopharmaceutical business that develops continuous freeze-drying technology.

Details of the startup:

  • Country: Belgium
  • State: Oost-Vlaanderen
  • City: Zwijnaarde
  • Started in: 2018
  • Founders: Jos Corver, Thomas De Beer
  • Number of employees: 1-10
  • Funding: € 2,500,000
  • Funding rounds: 1
  • Number of investors: 2 (PMV, Novalis Biotechnology Incubation)

You can find their website here.

8) Somai Pharmaceuticals Ltd

Somai Pharmaceuticals Ltd

Somai Pharmaceuticals is a firm established in Ireland that specializes in the cultivation and development of cannabis-based therapeutic products for the European Union.

Details of the startup:

  • Country: Ireland
  • State: Dublin
  • City: Dublin
  • Started in: 2019
  • Founders: Michael Sassano
  • Number of employees: 1-10
  • Funding: € 9,040,000
  • Funding rounds: 2

You can find their website here.

9) ImCheck Therapeutics

ImCheck Therapeutics

ImCheck Therapeutics is developing novel checkpoint inhibitors that target members of the butyrophilin (BTN) superfamily.

Details of the startup:

  • Country: France
  • State: Provence-Alpes-Cote d'Azur
  • City: Marseille
  • Started in: 2015
  • Founders: Alem Truneh, Benjamin Charles, Daniel Olive
  • Number of employees: 11-50
  • Funding: € 70,930,000
  • Funding rounds: 4
  • Number of investors: 10 (Bpifrance, Idinvest Partners, Alexandria Venture Investments, Kurma Partners, Wellington Partners)

You can find their website here.

10) Turbine

Turbine

Turbine's platform delves into the inner workings of cancer, allowing for the identification of new targets and the development of precision medical therapy.

Details of the startup:

  • Country: Hungary
  • State: Budapest
  • City: Budapest
  • Started in: 2015
  • Founders: Dániel Veres, Kristóf Zsolt Szalay, Szabolcs Nagy
  • Number of employees: 11-50
  • Funding: € 8,700,000
  • Funding rounds: 3
  • Number of investors: 10 (Accel, Atlantic Labs, Esther Dyson, Delin Ventures, Boston Millennia Partners)

You can find their website here.

11) Stelis Biopharma

Stelis Biopharma

Stelis Biopharma is a biopharmaceutical firm that provides patients in both emerging and developed countries with cheap medications.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2013
  • Number of employees: 251-500
  • Funding: $230,000,000
  • Funding rounds: 3
  • Number of investors: 7 (Strides Pharma Science, Think Investments, RouteOne, TPG Growth, Mankekar Family Office)

You can find their website here.

12) Advaccine

Advaccine

Advaccine is a biotech firm dedicated to the development of novel vaccinations for both preventative and therapeutic purposes.

Details of the startup:

  • Country: China
  • State: Fujian
  • City: Shangdi
  • Started in: 2009
  • Number of employees: 11-50
  • Funding: $33,776,434
  • Funding rounds: 3
  • Number of investors: 6 (Matrix Partners China, Fortune Capital, Shenzhen Guozhong Venture Capital Management, New Alliance Capital, Star Capital)

You can find their website here.

13) dMed

dMed

dMed is a full-service Clinical Contract Research Organization that offers pharma and medical device firms industry solutions.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Lingshi Tan
  • Number of employees: 11-50
  • Funding: $164,000,000
  • Funding rounds: 4
  • Number of investors: 10 (Sequoia Capital China, Fidelity Management and Research Company, Kaiser Permanente, Qiming Venture Partners, Zai Lab)

You can find their website here.

14) Elpiscience Biopharmaceuticals

Elpiscience Biopharmaceuticals

Elpiscience is a cancer immunotherapy biopharmaceutical business in the clinical stage.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2017
  • Founders: Darren Ji, Hongtao Lu
  • Number of employees: 51-100
  • Funding: $260,000,000
  • Funding rounds: 4
  • Number of investors: 15 (Tencent, Cormorant Asset Management, Lilly Asia Ventures, CDH Investments, Oriza Holdings)

You can find their website here.

15) Harbour Biomed

Harbour Biomed

Harbour BioMed is a clinical-stage biopharmaceutical firm focused on developing novel immuno-oncology medicines.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Frank Grosveld, Jingsong Wang, Liang Schweizer
  • Number of employees: 51-100
  • Funding: $312,800,000
  • Funding rounds: 5
  • Number of investors: 20 (GIC, OrbiMed, Vertex Ventures, Legend Capital, CDH Investments)

You can find their website here.

16) Ascentage Pharma

Ascentage Pharma

Ascentage Pharma is a clinical-stage biopharmaceutical business with a global focus.

Details of the startup:

  • Country: China
  • State: Jiangsu
  • City: Suzhou
  • Started in: 2009
  • Founders: Dajun Yang, Ming Guo
  • Number of employees: 101-250
  • Funding: $237,486,985
  • Funding rounds: 3
  • Number of investors: 13 (Oriza Holdings, ArrowMark Partners, BioVenture, State Development & Investment Corporation (SDIC), Oriza Seed Capital (Oriza Yuandian))

You can find their website here.

17) Transcenta

Transcenta

Transcenta is a global biotherapeutics company that specializes in antibody-based biotherapeutics development, research, and manufacturing.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Huangpu
  • Started in: 2019
  • Founders: Jonathan Zhao, Xueming Qian
  • Number of employees: 251-500
  • Funding: $100,000,000
  • Funding rounds: 2
  • Number of investors: 13 (Sequoia Capital China, Temasek Holdings, ARCH Venture Partners, Lilly Asia Ventures, Hillhouse Capital Group)

You can find their website here.

18) Haihe Biopharma

Haihe Biopharma

Haihe Biopharma is a biopharmaceutical business that focuses on the development of anti-cancer medications.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2011
  • Founders: Jian Ding
  • Number of employees: 251-500
  • Funding: $317,605,942
  • Funding rounds: 2
  • Number of investors: 16 (CICC, Warburg Pincus, Legend Capital, Hillhouse Capital Group, Huagai Capital)

You can find their website here.

19) 3D Medicines

3D Medicines

The objective of 3D Medicines is to enhance people's health by developing tailored cancer diagnosis and treatments.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Minhang
  • Started in: 2010
  • Founders: John Gong, Simon Shung
  • Number of employees: 501-1000
  • Funding: CN¥2,450,000,000
  • Funding rounds: 3
  • Number of investors: 16 (CPE, Tsing Capital, China Capital Investment Group, China Equity, Sangel Capital)

You can find their website here.

20) AccutarBio

AccutarBio

Artificial intelligence is being used by AccutarBio to transform drug discovery.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Jie Fan, Ke Liu
  • Number of employees: 11-50
  • Funding: $76,613,745
  • Funding rounds: 5
  • Number of investors: 3 (IDG Capital, Yitu Technology, ZhenFund)

You can find their website here.

21) Antengene Corporation

Antengene Corporation

Antengene is a biotechnology and biopharmaceutical company that develops medicines to treat tumors.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Jay Mei
  • Number of employees: 101-250
  • Funding: $238,000,000
  • Funding rounds: 3
  • Number of investors: 11 (Fidelity Management and Research Company, GIC, Qiming Venture Partners, Boyu Capital, Hillhouse Capital Group)

You can find their website here.

22) Suzhou Kintor Pharmaceuticals

Suzhou Kintor Pharmaceuticals

Kintor is a pharmaceutical research and development firm.

Details of the startup:

  • Country: China
  • State: Jiangsu
  • City: Suzhou
  • Started in: 2009
  • Founders: Chuangxin Guo, Youzhi Tong
  • Number of employees: 11-50
  • Funding: $99,000,000
  • Funding rounds: 3
  • Number of investors: 8 (Green Pine Capital Partners, Oriza Holdings, Highlight Capital, CCB International, Broad Resources)

You can find their website here.

23) EpimAb Biotherapeutics

EpimAb Biotherapeutics

EpimAb Biotherapeutics is a biopharmaceutical R&D firm that is privately held.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Chengbin Wu
  • Number of employees: 11-50
  • Funding: $219,000,000
  • Funding rounds: 3
  • Number of investors: 15 (Cormorant Asset Management, Decheng Capital, Sherpa Venture Capital, CMB International Capital Corporation, 3E Bioventures)

You can find their website here.

24) InventisBio

InventisBio

InventisBio is a clinical-stage biotechnology firm focused on the discovery of novel small-molecule pharmaceuticals.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2013
  • Founders: Xing Dai, Yaolin Wang
  • Number of employees: 1-10
  • Funding: $246,545,913
  • Funding rounds: 4
  • Number of investors: 13 (OrbiMed, Qiming Venture Partners, Matrix Partners China, Lilly Asia Ventures, GL Ventures)

You can find their website here.

25) Bioheng

Bioheng

Bioheng is a high-tech research and development firm.

Details of the startup:

  • Country: China
  • State: Jiangsu
  • City: Nanjing
  • Started in: 2017
  • Number of employees: 1-10
  • Funding: $94,766,250
  • Funding rounds: 2
  • Number of investors: 7 (GL Ventures, Shenzhen Capital Group, BlueRun Ventures, Hillhouse Capital Group, Decheng Capital)

You can find their website here.

26) Inmagene Biopharmaceuticals

Inmagene Biopharmaceuticals

It is a well-known biotech firm that specializes on immunology-related therapeutics.

Details of the startup:

  • Country: China
  • State: Shandong
  • City: Pudong
  • Number of employees: 51-100
  • Funding: $100,000,000
  • Funding rounds: 1
  • Number of investors: 6 (Highlight Capital, VMS Asset Management, Panacea Venture, Kunlun Fund, South China Venture Capital)

You can find their website here.

27) Thousand Oaks Biopharmaceuticals

Thousand Oaks Biopharmaceuticals

Thousand Oaks Biopharmaceuticals is a biopharmaceutical technology company focused on the development of protein and vaccine molecules.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Haimen
  • Started in: 2017
  • Funding: $105,096,814
  • Funding rounds: 5
  • Number of investors: 20 (CICC, GL Ventures, CDH Investments, Addor Capital, CCB International)

You can find their website here.

28) Ark Biosciences

Ark Biosciences

Ark Biosciences is a biopharmaceutical business focused on drug development and discovery.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2014
  • Founders: Jim Wu
  • Number of employees: 51-100
  • Funding: $40,000,000
  • Funding rounds: 3
  • Number of investors: 5 (Qiming Venture Partners, Morningside Group, Oriza Ventures, BioVenture, TF Capital)

You can find their website here.

29) Mabworks

Mabworks

Mabworks is a mab firm that specializes in gene engineering.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2003
  • Number of employees: 11-50
  • Funding: $214,509,183
  • Funding rounds: 3
  • Number of investors: 12 (CICC, CITIC Securities, Lake Bleu Capital, LYZZ Capital, Beijing E-town International Investment & Development)

You can find their website here.

30) ImmuneOnco Biopharma

ImmuneOnco Biopharma

A biopharmaceutical company in the early stages of development.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Wenzhi Tian
  • Number of employees: 11-50
  • Funding: $47,207,153
  • Funding rounds: 6
  • Number of investors: 11 (Lilly Asia Ventures, LYFE Capital, Greater Bay Area Homeland Development Fund, Lapam Capital, Shanghai International Group (SIG))

You can find their website here.

31) Chime Biologics

Chime Biologics

Chime Biologics is a biopharmaceutical firm that develops and manufactures drugs.

Details of the startup:

  • Country: China
  • State: Hubei
  • City: Wuhan
  • Started in: 2013
  • Number of employees: 251-500
  • Funding: $190,000,000
  • Funding rounds: 1
  • Number of investors: 3 (Fidelity International, VMS Asset Management, Panacea Venture)

You can find their website here.

32) Mabwell Biotech

Mabwell Biotech

Mabwell Biotech is a biopharmaceutical business based in China.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2017
  • Number of employees: 11-50
  • Funding: $278,500,000
  • Funding rounds: 1
  • Number of investors: 9 (Oriental Fortune Capital, Loyal Valley Capital, Shiyu Capital, Sincere Capital, Founder H Fund)

You can find their website here.

33) Lyvgen Biopharma

Lyvgen Biopharma

Lyvgen Biopharma is a pharmaceutical firm.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Number of employees: 11-50
  • Funding: $40,000,000
  • Funding rounds: 2
  • Number of investors: 6 (IDG Capital, 6 Dimensions Capital, Chengwei Capital, FTZ Fund, Longmen Capital)

You can find their website here.

34) Alpha Biopharma

Alpha Biopharma

Alpha Biophama is a biopharmaceutical business in the early stages of development.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Huangpu
  • Started in: 2017
  • Number of employees: 1-10
  • Funding: $37,000,000
  • Funding rounds: 1
  • Number of investors: 3 (Qiming Venture Partners, LYZZ Capital, TF Capital)

You can find their website here.

35) Ginkgo Bioworks

Ginkgo Bioworks

Ginkgo Bioworks is a multi-market developer of biological engineering solutions and bespoke microorganisms.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2008
  • Founders: Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight
  • Number of employees: 501-1000
  • Funding: $798,728,100
  • Funding rounds: 9
  • Number of investors: 33 (General Atlantic, Felicis Ventures, Bill Gates, MassChallenge, T. Rowe Price)

You can find their website here.

36) AbSci

AbSci

AbSci is a synthetic biology firm that translates and unifies the processes of biologic drug discovery and development.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Vancouver
  • Started in: 2011
  • Founders: Sean McClain
  • Number of employees: 101-250
  • Funding: $237,859,989
  • Funding rounds: 10
  • Number of investors: 22 (Fidelity Management and Research Company, Casdin Capital, Perceptive Advisors, Redmile Group, Oregon Venture Fund)

You can find their website here.

37) Umoja Biopharma

Umoja Biopharma

Umoja Biopharma is a biopharmaceutical business based in Mumbai, India.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2019
  • Founders: Andrew Scharenberg, Ryan Crisman
  • Number of employees: 51-100
  • Funding: $263,000,000
  • Funding rounds: 3
  • Number of investors: 11 (SoftBank Vision Fund, Temasek Holdings, Casdin Capital, Cormorant Asset Management, Presight Capital)

You can find their website here.

38) nference

nference

nference.inc is an AI-based software platform that synthesizes and compiles siloed biomedical knowledge for insights.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Cambridge-US
  • Started in: 2013
  • Founders: Murali Aravamudan, Murali Aravamudan, Venky Soundararajan
  • Number of employees: 251-500
  • Funding: $145,000,000
  • Funding rounds: 5
  • Number of investors: 5 (Matrix Partners, Matrix Capital Management, A&E Investments, Mayo Clinic Ventures, NTT Venture Capital)

You can find their website here.

39) CAMP4 Therapeutics

CAMP4 Therapeutics

CAMP4 Therapeutics is a biotechnology firm based in the United States.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Cambridge-US
  • Started in: 2016
  • Founders: Leonard Zon, Richard Young
  • Number of employees: 11-50
  • Funding: $90,000,000
  • Funding rounds: 3
  • Number of investors: 6 (Andreessen Horowitz, Polaris Partners, Northpond Ventures, 5AM Ventures, The Kraft Group)

You can find their website here.

40) Datavant

Datavant

Datavant is a healthcare data solutions provider that helps organizations exchange, preserve, and match health data.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: Travis May
  • Number of employees: 51-100
  • Funding: $80,500,000
  • Funding rounds: 2
  • Number of investors: 8 (SoftBank Vision Fund, Founders Fund, Roivant Sciences, Johnson & Johnson Innovation – JJDC, Cigna Ventures)

You can find their website here.

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