Aulis Capital

Aulis Capital

Latest fund size

$200M

Announced

November 10, 2026

Global HQ

Hong Kong

Members only

Check size

$5M-$10M

Members only

Stage focus

Series A, Series B, Series C+

Members only

Regions of investment

Asia, North America

Members only

About

Aulis Capital is a global investment firm focused on life sciences and healthcare, founded by Nisa Leung, previously Managing Partner at Qiming Venture Partners, where she built and led the firm's healthcare practice starting in 2006. Aulis Capital operates from Hong Kong and California and backs entrepreneurs and technologies aimed at improving patient outcomes across Western and Asian biotech markets.

Contact info

Members only

Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.

Investment focus

Aulis Capital partners with early- and growth-stage life sciences and healthcare companies, with a thesis centered on cross-border biotech that bridges Western and Asian innovation.

The firm backs technologies that improve patient outcomes, combining scientific depth, analytical rigor, and investment expertise, with a particular focus on China as a source of globally valuable biopharma innovation.

Members only

What the fund looks for in founders and which sectors it backs.

Fund

Aulis Capital announced the final close of Aulis Capital Fund I, L.P., its inaugural fund, in November 2026, with $200 million in total capital commitments.

LP information beyond the firm's public thanks to its limited partners was not disclosed.

Members only

Fund size, LPs and track record.

Other information

Leadership

  • Nisa Leung — Founding Managing Partner
  • Franck Le Deu — Venture Partner (joined 2026; former McKinsey & Company Senior Partner Emeritus)
  • Paul Li — Venture Partner
  • Ethan Than — Venture Partner (joined August 2026)
  • Mingyu Xue, Ph.D. — Principal

‍

Investment Strategy

The firm combines scientific depth, analytical rigor, and investment expertise, drawing on more than 20 years of experience in technology and healthcare to back visionary entrepreneurs across early- and growth-stage rounds.

‍

Notable Investments

  • EpiBiologics

Members only

Leadership, investment strategy, notable investments and exits.

Unlock this fund's full profile

✓ Emails and LinkedIn for the team

✓ Check size, stage focus and regions of investment

✓ LPs, notable investments and exits

✓ Search and filters across 700+ funds

Unlock this fund and 700+ more

From $14/month, billed yearly. Cancel any time.

Read the newsletter that top VCs and founders keep in their inbox.

Join the weekly newsletter