# TF Capital

> TF Capital is a VC fund in Pudong backing Biotechnology and Health Care. See 63 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Pudong, China
- Total investments: 63
- Last investment: Apr 2026
- Lead investor: 11%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/泰福资本-tf-capital
- Website: http://www.tfcapital.net/

TF Capital is a proprietary trading company that specializes in foreign exchange and invests in early stage ventures.

## Contacts

5 contacts available for TF Capital. Shizune tracks 4 team members at TF Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/tf-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $10M–$120M |
| Series B | $11M–$110M |
| Series C | $7M–$1.4B |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 34 | 54% |
| Health Care | 29 | 46% |
| Medical | 21 | 33% |
| Pharmaceutical | 18 | 29% |
| Biopharma | 12 | 19% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 27 | 43% |
| Series B | 17 | 27% |
| Series C | 5 | 8% |
| Seed | 4 | 6% |
| Venture - Series Unknown | 3 | 5% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 41 | 65% |
| United States | 10 | 16% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dr. Zhang Yibo | Partner | 1 | https://shizune.co/investors/profile/dr-zhang-yibo |
| H.J. Jiang | Founder & CEO | 1 | https://shizune.co/investors/profile/kevin-chiang-fda9 |
| Wei Cheng | Managing Director | 1 | https://shizune.co/investors/profile/wei-cheng-2639 |
| Yi Liu | Director | 1 | https://shizune.co/investors/profile/yi-liu-0a01 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Vivatides Therapeutics | Vivatides Therapeutics develops new RNA treatments to help improve patients' lives using biotechnology research. | $54M | Series A | Apr 10, 2026 |  |
| QL Biopharma | QL Biopharma focuses on developing innovative drugs and premium me-too drugs targeting metabolic diseases. | $72.8M | Series C | Mar 02, 2026 |  |
| Angitia Biopharmaceuticals | Angitia Biopharmaceuticals is a global biotechnology company focusing on the discovery and development of innovative therapeutics for serious musculoskeletal diseases. | $130M | Series D | Feb 05, 2026 |  |
| Skild AI | Skild AI is a startup that develops software to power various robots including ones with two or four legs. | $1.4B | Series C | Jan 14, 2026 |  |
| Sanegene Bio | Sanegene Bio is currently operating in stealth mode. | $110M | Series B | Dec 08, 2025 |  |
| Vybio | Vybio focuses on the research and development of new drugs for oncology and hepatitis B. The core members of the team have 30 years of experience in tumor and hepatitis B drug research and development, and come from well-known pharmaceutical companies such as WuXi AppTec, Pfizer, BMS, etc., using a specific tumor microenvironment to independentlyinnovate prodrug design and screening, and developed a series of global drugs. Preclinical research on precisely targeted small molecule anticancer prodrug compounds protected by intellectual property rights is being carried out in an orderly manner. | $14.1M | Series B | Nov 13, 2025 |  |
| Huanxin Medical | Huanxin Medical is an innovative medical device company that specializes in the research and development of interventional medical devices. |  | Series B | Aug 14, 2025 |  |
| Minghui Pharmaceutical | Minghui Pharmaceutical is a biopharmaceutical business that specializes in immunology and oncology medicines for unmet needs. | $131M | Venture - Series Unknown | Aug 07, 2025 |  |
| Avenzo Therapeutics | Avenzo Therapeutics specializes in the development of oncology therapies for cancer treatment. | $50M | Series A | Nov 18, 2024 |  |
| Avenzo Therapeutics | Avenzo Therapeutics specializes in the development of oncology therapies for cancer treatment. | $150M | Series A | Mar 26, 2024 |  |

10 of 63 investments shown.

## Co-investors
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund, 25 deals together
- [Lilly Asia Ventures](https://shizune.co/investors/profile/lilly-asia-ventures) — VC Fund, 7 deals together
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 7 deals together
- [OrbiMed](https://shizune.co/investors/profile/orbimed-advisors) — VC Fund, 6 deals together
- [Med-Fine Capital](https://shizune.co/investors/profile/med-fine-capital) — VC Fund, 5 deals together
- [Apricot Capital](https://shizune.co/investors/profile/apricot-capital-ceb8) — VC Fund, 4 deals together

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## FAQ

### What does TF Capital invest in?

TF Capital invests primarily in Biotechnology, Health Care and Medical startups, most often at Series A and Series B stage. Most of the 63 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is TF Capital's check size?

TF Capital typically joins rounds of $10M–$120M at Series A, $11M–$110M at Series B and $7M–$1.4B at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds TF Capital participates in.

### How do I contact TF Capital?

Public channels for TF Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at TF Capital?

The team at TF Capital includes Dr. Zhang Yibo (Partner), H.J. Jiang (Founder & CEO) and Wei Cheng (Managing Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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