VC firm
Shangbay Capital
Also known as Shangbay Capital II, LLC, ShangBay Capital III, LLC, ShangBay Capital Opportunity, LLC, ShangBay Capital, LLC
- Investor type
- VC
- Investing status
- Activeas of 2026-09-17Source (opens in a new tab)
- Headquarters
- Palo Alto, CA, United States
- Assets under management
- $262MForm ADV private fund GAV, as of 2026-05-04Source (opens in a new tab)
- Latest fund size
- $48.2MSEC amount sold, as of 2021-04-01Source (opens in a new tab)
- Funds
- 6
- Legal name
- SHANGBAY CAPITAL MANAGEMENT COMPANY, LLC
- shangbaycapital.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 29 September 2026
About
ShangBay Capital is a leading venture capital firm based in the heart of innovation. We bring our investors access to best-in-class investments within the medical device, biotechnology, and healthcare technology sectors through venture equity participation.
Investment approach
- Thesis
- We focus on investment opportunities within medical devices, biopharma, and healthcare that have clinical benefits for significant unmet needs.Source (opens in a new tab)
- Investing status notes
- 13 portfolio companies received term sheets and new financing rounds in 2024
Funds
- ShangBay Capital III, LLC
- $48.2MVintage 2021, Main fund, SEC amount sold
- ShangBay Capital Opportunity, LLC
- $24.9MVintage 2021, Main fund, SEC amount sold
- Shangbay Capital II, LLC
- $34.9MVintage 2018, Main fund, SEC amount sold
- ShangBay Capital, LLC
- $5MVintage 2015, SPV, SEC amount sold
- SHANGBAY CAPITAL SPV I LLC
- SPV
- SHANGBAY CAPITAL V, LLC
- Main fund
SEC registration
- Registered adviser
- SHANGBAY CAPITAL MANAGEMENT COMPANY, LLC
- CRD number
- 312767 (opens in a new tab)
- SEC file number
- 802-120600
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $262Mas of 2026-05-04
- Private funds reported
- 6
- Principal office
- PALO ALTO, CA, United States
- SEC CIK
- 1650380, 1759986, 1846873
Locations
- Office
- Palo Alto, CA, United States
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