Data Report
State of HealthTech & Biotech Funding — All-Time
Tracked funding for HealthTech & Biotech companies across all years — totals, largest rounds, stage mix, and recent quarterly trends.
Snapshot read October 2026. Figures in USD.
Example request
curl "https://indexed.vc/api/v1/companies?industries=Digital+Health,Medtech,Medical+Devices,Biotech,Genomics&sort=last_funding_date&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"The API returns companies, not funding rounds or totals, so this is the closest request: companies in this report, most recently funded first.
Funding totals and round counts include only positive known USD amounts. Company and stage counts also include rounds without a known USD amount.
$434.5B
Funding with USD Amounts
12,086
Rounds with USD Amounts
5,735
Companies with Funding Events
$5.0B
Largest Round
Funding Trend
Funding with known USD amounts per quarter. The current quarter is still filling in.
Year-only estimates are excluded from quarterly totals. Headline totals may include them.
Peak quarter '25 Q4 at $15.9B. Latest complete quarter (2026Q3): ▼ 37% QoQ · ▼ 22% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest tracked HealthTech & Biotech funding rounds with known USD amounts. Tap any company for its full profile.
Parexel
Private Equity · United States
$5.0B
Jun 2017
Tiantan Biological / China Biologic (泰邦生物集团)
Private Equity · China
$4.8B
Apr 2021
Pharmaceutical Product Development, Inc. (PPD)
Private Equity · United States
$3.9B
2019 (est.)
Altos Labs
Series A · United States
$3.0B
Jan 2022
Warner Chilcott
Private Equity · United States
$3.0B
2004 (est.)
BeiGene
Corporate Round · United States
$2.8B
Jan 2020
Asymchem
Private Equity · China
$2.3B
Feb 2020
Isomorphic Labs
Series B · United Kingdom
$2.0B
May 2026
Syneos Health
Private Equity · United States
$1.9B
May 2017
Dren Bio
Corporate Round · United States
$1.7B
Dec 2025
PHC
Private Equity · Japan
$1.7B
2014 (est.)
Paratek Pharmaceuticals
Venture Round · United States
$1.6B
Unknown
Invitae
Convertible Note · United States
$1.1B
Apr 2021
argenx SE
Growth Equity · Netherlands
$1.1B
Jul 2023
Roivant Sciences
Venture Round · United States
$1.1B
Sep 2018
Rounds by Stage
Most common stages among all eligible funding events, including rounds without a known USD amount.
Explore More
Methodology
Figures are aggregated from Indexed's live database of 100,426 company profiles and 22,512 investors. Company totals include publicly listed and inactive businesses. Company funding totals and individual event tables have different coverage; each report states its population and period. Amounts are shown in USD where available, and undisclosed amounts are excluded from dollar totals. Source coverage varies by record; follow company and event links to inspect supporting evidence. Report generated October 2026. Free to cite with attribution to Indexed.
Totals include recorded grants and other qualifying funding, not just equity. Debt financing, IPO proceeds and exit consideration are excluded from these funding totals. Valuations are company values, not capital raised. How funding is counted.