RECENT FUNDING
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Lilly Asia Ventures portfolio

Lilly Asia Ventures has 2 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months. It is a venture capital firm based in Hong Kong, HK, founded in 2008. Its most recent investment on record is NeuShen Therapeutics's $80M Series B+ round in September 2026, alongside TruMed Investment, Shanghai Guotou Pioneer, Matrix Partners China and 2 others. By category, its portfolio leans toward Health and bio (2). It has co-invested with B Capital, Matrix Partners China and TruMed Investment.

Type: Venture capital.
Portfolio on Recent Funding: 2.
Deals, last 12 months: 1.
Capital in their rounds: $188M.
Latest deal: NeuShen Therapeutics · Sep 7, 2026.

About Lilly Asia Ventures

Firm type: Venture capital.
Headquarters: Hong Kong, HK.
Founded: 2008.
Stages: Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage.
Sectors: Biotech, Digital Health, EdTech, Healthtech, Medical Devices.
Leads rounds: No.
Portfolio companies: 73.
Exits: 2.
Rounds led: 1.

Fund returns

FundVintageSizeNet IRRTVPIDPIAs of
LAV Fund VI Opportunities, L.P.2021—3.2%1.10x0.14xSep 30, 2025
LAV Fund VI, L.P.2021—9.1%1.27x0.29xSep 30, 2025
LAV Biosciences Fund V, L.P.2019—6.3%1.29x0.37xSep 30, 2025
LAV Biosciences Fund IV, L.P.2017—14.5%1.85x1.11xSep 30, 2025

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Funds raised

FundFund #SizeAnnounced
LLilly Asia VenturesVII$700M
ION Analytics

Venture funds Lilly Asia Ventures raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

What Lilly Asia Ventures invests in

How Lilly Asia Ventures invests

StageDealsCapital in rounds
Series B+ 2 100%$188M
YearDealsCapital in rounds
2021 1 50%$108M
2026 1 50%$80M

Share is of the 2 rounds on Recent Funding that name Lilly Asia Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Lilly Asia Ventures portfolio companies

CompanyRound with Lilly Asia VenturesTotal raisedLatest raise
NNeuShen Therapeutics
Health and bio
Series B+ · $80M$100MSep 7, 2026
Series B+
SSynthekine
Health and bio
Series B+ · $108M$182MJan 6, 2023
Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

Portfolio companies are the companies on Recent Funding with a round that lists Lilly Asia Ventures, which is a subset of its real portfolio. API: /api/v1/investors/lilly-asia-ventures (get a free API key). More: the most active VC firms and new venture capital funds.

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