ShangBay Capital

ShangBay Capital

Palo Alto, Californiashangbaycapital.com

Overview

ShangBay Capital is a leading venture capital firm based in the heart of innovation that brings investors access to best-in-class investments within the medical device, biotechnology, and healthcare technology sectors through venture equity participation . The firm specializes in disruptive technologies for unmet clinical needs, partnering with top teams and leveraging industry expertise and strategic connections to access high-quality deals and drive success .

Year Founded

2015

Portfolio Companies

36

Investments

CompanyDateStageLead
NervonikApr 2026Series BCo-investor
Petal SurgicalOct 2025Series ACo-investor
SetPoint MedicalAug 2025Series C ExtensionCo-investor
SetPoint MedicalAug 2025Series DCo-investor
Evident VascularMar 2025Series BCo-investor

Key People

William Dai

Founding Managing Partner

Michael P. Wallace

Venture Partner

Ava Rose Nishime

Venture Capital Investment Intern

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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Firmographic Details

HeadquartersPalo Alto, California
Year Founded2015

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