
Sherpa Healthcare Partners
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
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.