Pharma VC Funds

Zhangjiang Torch Venture Capital Co is an early- and growth-stage venture capital firm founded in November 2008 as the dedicated investment arm of Zhangjiang High Tech Park Group, the operating entity behind Shanghai's flagship Zhangjiang Hi-Tech Park in Pudong, a national-level science park known as 'China's Medicine Valley' for its dense concentration of biotech, pharmaceutical, semiconductor and advanced-manufacturing companies. The fund concentrates on the strategic sectors that Zhangjiang Hi-Tech Park is built to nurture: integrated circuits and application-specific semiconductors, next-generation information technology, biomedicine and high-performance medical devices, intelligent manufacturing, and new-energy and advanced-materials technologies, generally as a co-investor. Typical deal sizes have been reported in the $5M to $10M range, and across the fund's life it has made approximately 64 disclosed investments. Notable portfolio companies include Yanwei Semiconductor, its most recent reported investment in July 2023, Shengfang Technology, Xinyu New Material, Aqbiopharma and SeeYA Technology, its latest reported portfolio exit in March 2026. Public databases describe the entity as permanently closed at the original Zhangjiang Torch level, with the broader Zhangjiang state-affiliated venture activity continuing under related vehicles such as Zhangjiang Hi-Tech Investment, Zhangjiang Haocheng and ZJ Innopark, which remained active through 2025 to 2026. Fund leadership ties back to the Zhangjiang High Tech Park Group rather than named external GPs. As the investment arm of one of China's leading science parks, Zhangjiang Torch Venture Capital backed semiconductor, biomedicine, intelligent-manufacturing and advanced-materials companies aligned with the park's strategic sectors.

Zukunftsfonds Heilbronn, now rebranded as D11Z Ventures, is a prominent venture capital firm based in Heilbronn, Germany. The firm focuses on early-stage investments, particularly in digital business models across sectors like AI/Deep Tech, B2B SaaS, and asset-light IoT. D11Z Ventures, formerly known as Zukunftsfonds Heilbronn, has a clear mission to promote and support innovative digital ventures with both national and international impact, aiming to be the leading pre-seed and seed VC fund for AI in Europe. D11Z Ventures is known for its hands-on approach, providing startups not just with capital but also with strategic guidance, industry expertise, and access to a broad network of partners. The firm’s portfolio is diverse, with investments in startups that are shaping the future of various industries through technological innovation. Their rebranding to D11Z Ventures reflects a renewed commitment to innovation and sustainability in the rapidly evolving tech landscape. The firm is led by a team of experienced professionals who are deeply involved in the German and European startup ecosystems, actively supporting companies from the very early stages through to their growth and scaling phases​.