# Panacea Venture Healthcare Fund

Panacea Venture Healthcare Fund is a Venture Capital based in Grand Cayman, Cayman Islands.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Grand Cayman, Cayman Islands
- **Region:** North America
- **Address:** Grand Cayman, Cayman Islands
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** panaceavc.com
- **LinkedIn:** https://www.linkedin.com/company/panacea-capital

## About

Panacea Venture Healthcare Fund is a SEC-registered investment adviser in Grand Cayman, established in 2020. It manages healthcare-focused investments. The firm is registered with the SEC.

## Sectors

- Digital Health
- Healthcare Services

## Offices

- Shanghai, China
- San Francisco, CA, United States

## People

- James Huang — Managing Partner

## Questions

### Who founded Panacea Venture, and what is his investment background?

James Huang founded Panacea Venture in 2017. He previously spent over a decade at Kleiner Perkins Caufield & Byers, where he built and led the firm's life-sciences practice in China. Huang is a trained scientist with deep experience in cross-border biopharma deal-making, particularly between US- and China-based drug-development companies.

### What distinguishes Panacea Venture's geographic strategy from other healthcare VCs?

Panacea runs a rare dual-hub model: its deal-sourcing and portfolio-support teams sit in Shanghai and San Francisco, while the fund vehicle itself is domiciled in the Cayman Islands. This legal and operational architecture allows the firm to invest in China-based biotech startups and shepherd them toward US clinical and capital-market milestones at a time when most Western generalist VCs have exited China healthcare completely.

### How large is Panacea Venture's latest fund, and when did it close?

Panacea closed its second fund in 2021. The exact fund size has not been publicly confirmed by the firm, though database records suggest a raise in the low hundreds of millions of dollars. That scale is appropriate for a specialist healthcare venture firm making concentrated, capital-intensive biotech investments.

### Does Panacea Venture co-invest alongside other venture firms?

Yes. Panacea routinely co-leads or participates in syndicates alongside other specialist healthcare investors. This co-investment approach is standard for early-stage biotech, where syndicate formation helps diversify binary clinical risk across multiple institutional backers.

## Related profiles

- [Panda Capital](https://altss.com/profile/panda-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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