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TAIHO VENTURES, LLC · MENLO PARK · EST. 2016

We don't lead. We bridge.

Patient capital from Taiho Pharmaceutical's $400M corporate fund — for breakthrough therapeutics moving from preclinical to proof of concept.

FUND AT A GLANCE · Q2 2026
$400M
Capital under management
Expanded fund, vintage 2024
23
Active portfolio companies
Across three therapeutic areas
3
Therapeutic areas
Oncology · Immunology · Urology
2016
Fund vintage
Founded by Sakae Asanuma
01 — POSITIONING

A syndicate partner. Not a lead.

Top-tier institutional VCs lead the rounds. We bring what they can't. A global pharma cap-table signal. R&D infrastructure across three therapeutic areas. A commercial gateway to Asia. Patient capital, by design.

We syndicate alongside the institutional investors you already know — and we bring pharma to the cap table.

SAKAE ASANUMA · PRESIDENT & CEO
02 — REASONS TO BELIEVE

Capital is the table stakes. The rest is what we bring.

01

Patient capital

Backed by a $400M corporate fund and Taiho Pharmaceutical's balance sheet. We hold longer than a 7-year clock allows.

02

Pharma infrastructure

Direct access to Taiho's R&D, clinical, and commercialization teams across oncology, immunology, and urology.

03

Asian commercial gateway

A demonstrated path to Asian commercialization for Western biotech — through licensing, co-development, or build-to-buy.

04

Flexible deal structures

Syndicate equity, company creation, build-to-buy, option deals. Stage-aware, never stage-agnostic.

03 — CASE FILES

Receipts. Not pitches.

  • Cullinan Pearl

    EGFR Exon 20 inhibitor
    Re-acquired by Taiho Pharmaceutical, 2024 — proof of build-to-buy.
    SYNDICATE · Cullinan Oncology · Adams Street · Taiho Ventures
  • Arcus Biosciences

    A2aR / A2bR antagonist · AB928
    Asian rights in-licensed by Taiho. Listed NASDAQ:RCUS.
    SYNDICATE · Foresite · GV · Novartis · Taiho Ventures
  • Orna Therapeutics

    Circular RNA platform
    Series B, $221M. Platform validated by global pharma syndicate.
    SYNDICATE · MPM BioImpact · Novartis · Merck · Taiho Ventures
  • Harpoon Therapeutics

    TriTAC T-cell engagers
    Acquired by Merck, 2024. Strategic risk-sharing alongside lead VCs.
    SYNDICATE · ARCH · MPM · NEA · Taiho Ventures
04 — ACTIVE PORTFOLIO

Twenty-three companies. Three therapeutic areas. One thesis.

All 23OncologyImmunologyUrologySeries ASeries B+Pre-IND
Anavo Therapeutics
Series A
Immunology
Frazier · Forbion · Taiho
Breakpoint Therapeutics
Seed
Oncology · DDR
Andera · BioGeneration · Taiho
Cellvie
Series A
Mitochondrial
Bayer Leaps · Sofinnova · Taiho
Delphia Therapeutics
Series A
Oncology
OrbiMed · Forbion · Taiho
Dren Bio
Series C
Oncology · Immunology
RA Capital · Logos · Taiho
Halda Therapeutics
Series A
Oncology
Canaan · Conn. Innovations · Taiho
Magnet Biomedicine
Series A
Oncology · Molecular glues
ARCH · Newpath · Taiho
Storm Therapeutics
Series C
Oncology · RNA
Cambridge Innov. · M Ventures · Taiho
SHOWING 8 OF 23
See all 23
05 — REACH OUT

Strategic. Not stage-agnostic.

If you're building therapeutics in oncology, immunology, or urology — preclinical through proof of concept — we should talk.