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Sherpa Healthcare Partners

Asia, Beijing, China, Beijing

Description

Sherpa Healthcare Partners, operating under the broader Sherpa Capital umbrella, is a leading Chinese investment firm with a dedicated focus on the healthcare sector. Established in 2009, the Beijing-based firm has built a strong reputation for its deep industry expertise and comprehensive investment strategy across the pharmaceutical, biotechnology, medical device, diagnostics, and healthcare services sub-sectors. They aim to identify and cultivate innovative companies that address significant unmet medical needs and contribute to the advancement of healthcare in China and globally.

Sherpa Healthcare Partners employs a flexible investment approach, deploying capital across various stages of a company's lifecycle, from early-stage development to mature growth and pre-IPO rounds. Their investment thesis often centers on companies with strong R&D capabilities, proprietary technologies, and robust market potential. They are known for providing not just capital but also strategic guidance, operational support, and access to their extensive industry network, helping portfolio companies navigate regulatory landscapes, accelerate clinical trials, and scale commercial operations.

The firm has successfully raised multiple funds, demonstrating significant investor confidence and substantial capital deployment capabilities. In 2021, Sherpa Capital closed its third RMB fund (RMB III) at over RMB 4 billion, equivalent to approximately $620 million at the time. This was followed by the successful closing of their second USD fund (USD II) in 2022, which secured over $400 million in commitments. These substantial fund sizes underscore Sherpa Healthcare Partners' capacity to make significant investments and support the long-term growth of its portfolio companies, solidifying its position as a major player in China's healthcare venture capital landscape.

Investor Profile

Sherpa Healthcare Partners has backed more than 29 startups, with 8 new investments in the last 12 months alone. The firm has led 9 rounds, about 31% of its total and boasts 5 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 China, United States.
  • Strong thematic focus on Biotechnology, Health Care, Medical.
  • Led 2 rounds in the past year.
  • Typical check size: $10M – $80M.

Stage Focus

  • Series A (41%)
  • Series B (28%)
  • Series C (14%)
  • Series E (3%)
  • Series Unknown (3%)
  • Post Ipo Debt (3%)
  • Series D (3%)
  • Seed (3%)

Country Focus

  • China (66%)
  • United States (34%)

Industry Focus

  • Biotechnology
  • Health Care
  • Medical
  • Pharmaceutical
  • Therapeutics
  • Life Science
  • Biopharma
  • Manufacturing
  • Oncology
  • Big Data
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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 Sherpa Healthcare Partners frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 2
CA
North America, Massachusetts, United States, Boston
Co-Investments: 2
ACME Capital
North America, Florida, United States, Boca Raton
Co-Investments: 2
Legend Capital
Asia, Beijing, China, Beijing
Co-Investments: 3
Octagon Capital Advisors
North America, New York, United States, New York
Co-Investments: 3
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 3
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 6
Oriza Seed Capital (Oriza Yuandian)
Asia, Jiangsu, China, Suzhou
Co-Investments: 2
BioVenture
Asia, Jiangsu, China, Suzhou
Co-Investments: 3
Lilly Asia Ventures
Asia, Shanghai, China, Shanghai
Co-Investments: 3

Which angels does Sherpa Healthcare Partners often collaborate with?

JL
North America, California, United States, San Francisco
Shared Deals: 1
Daniel Clark
North America, New York, United States, New York
Shared Deals: 1
DT
Europe, England, United Kingdom, London
Shared Deals: 1
CR
North America, Washington, United States, Seattle
Shared Deals: 1
EL
North America, California, United States, San Francisco
Shared Deals: 1
ER
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, Florida, United States
Shared Deals: 1
EP
Europe, Lombardia, Italy, Milano
Shared Deals: 1
EB
Europe, England, United Kingdom, London
Shared Deals: 1
SP
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Sherpa Healthcare Partners?

Archimedes Vascular

Birmingham, Alabama, United States

Archimedes Vascular is a medical company that treats patients with hypertension, and provides a delivery catheter system with barostats.

Health CareMedical
Series AJun 23, 2025
Amount Raised: $2,200,000
AusperBio

Hangzhou, Zhejiang, China

AusperBio is a biotechnology company that develops innovative drugs for curing chronic hepatitis B and other major infectious diseases.

BiopharmaBiotechnologyPharmaceutical
Series BMay 28, 2025
Amount Raised: $50,000,000
PAQ Therapeutics

Cambridge, Massachusetts, United States

PAQ Therapeutics is a biotechnology company pioneering a new approach to restoring health and curing disease through autophagy.

BiotechnologyHealth CareTherapeutics
Series BMay 5, 2025
Amount Raised: $39,000,000
Alliance

Chaoyang, Liaoning, China

Alliance relies on the medical supply chain and big data technology.

Health CareHospitalMedical
SeedApr 11, 2025
New Vision Medical

Hangzhou, Zhejiang, China

New Vision Medical is an IT infrastructure service provider that offers clinical trial-related digital platforms and services.

Information TechnologyMedical
Series AFeb 28, 2025
Kunwei Technology

Changzhou, Zhejiang, China

Kunwei Technology manufactures high-precision force sensors (six-axis force sensors) as well as force control systems.

ManufacturingSensor
Series AJan 8, 2025
AusperBio

Hangzhou, Zhejiang, China

AusperBio is a biotechnology company that develops innovative drugs for curing chronic hepatitis B and other major infectious diseases.

BiopharmaBiotechnologyPharmaceutical
Series BDec 26, 2024
Amount Raised: $73,000,000
Agile Medical

Suzhou, Jiangsu, China

Agile Medical is a surgical robot developer focusing on R&D, industrialization, and precise disease diagnosis and treatment.

MedicalRobotic Process Automation (RPA)Robotics
Series AAug 21, 2024
Amount Raised: $14,018,954
Alamar Biosciences

Fremont, California, United States

Alamar Biosciences develops technologies for the detection and treatment of cancer and other diseases at the earliest possible time.

BiotechnologyHealth CareMedical
Series CFeb 26, 2024
Amount Raised: $128,000,000
Astra

Alameda, California, United States

Astra is a rocket launch startup that provides satellite delivery and launch services.

AerospaceSatellite CommunicationSpace Travel
Post Ipo DebtNov 6, 2023
Amount Raised: $13,400,000