Eight Roads

Eight Roads is a global venture capital firm, established in 1969, that invests in technology and healthcare companies across Asia, Europe, Israel, and the United States. It manages over $11 billion in assets through various funds, including Eight Roads Ventures China, Europe, India, and Japan. The firm focuses on early venture, growth capital, and growth stage investments, typically committing between $1.29 million to $30 million per company. Eight Roads seeks minority and majority stakes, often taking a board seat, and has invested in over 500 companies such as Alibaba, Chewy, and Toast. It operates as the proprietary investment arm of Fidelity International Limited.

Alokik Advani

Managing Partner, Fidelity International Strategic Ventures

Umang Agarwal

Principal

Sanjay Aggarwal

Venture Partner

Hiroki Ashida

Vice President

Daniel Auerbach

Senior Managing Partner, Asia

Vytautas Balsys

Partner

Helena Barman

Investor

Virginia Bassano

Vice President

Shirish Belapure

Venture Partner

Daniel Benjamin

Associate

Betty Cai

Partner

Arvind Chari

Vice President

Ted Chua

Partner

Lucile Cornet

Partner

Kevin Du

Senior Associate

Raj Dugar

Managing Partner, India

Martin Ericsson

Principal

Tamina Fogelberg

Associate

Siddhant Gandhi

Associate

Elaine Gao

Senior Associate

Antonin Gury-Coupier

Vice President

Davor Hebel

Managing Partner and Head of Europe

April Hu

Vice President

Tao Huang

Principal

Tammy Huang

Senior Associate

Tao Huang

Principal

Allen Huo

Vice President

Abhishek Jain

Vice President

Zang Jialun

Partner

Murata Junichi

Principal

Deepak Kanvinde

Venture Partner

Michiko Kohyama

Vice President

Shinichiro Komoto

Partner

Kavish Kothari

Principal

Chintan Kothari

Partner

Thomas Lin

Vice President

Rebecca Lin

Partner

Xin Liu

Partner

Allen Liu

Senior Associate

Maneesh Menon

Principal

Sophie Meralli

Vice President

Chersy Miao

Senior Associate

David Milstein

Managing Partner and Head of Japan

Jens Neisius

Vice President

Dan O'Toole

Vice President

Yosuke Ouchi

Principal

Delphine Qiu

Principal

Eyal Rabinovich

Principal

Laura Salesse

Senior Associate

Fuga Sawada

Senior Associate

Shawn Shen

Partner

Sagar Sheth

Vice President

Lei Shi Ph.D

Partner

Arjun Singh

Senior Associate

Michael Stephanblome

Venture Partner

Liena Suzuki MD

Principal

Aditya Gurunath Systla

Principal

Michael Treskow

Partner

Jarlon Tsang

Managing Partner and Head of China

Ashish Venkataramani

Partner

Ashish Venkataramani

Partner

He Wang

Vice President

Bo Wang

Senior Associate

Nancy Xu

Vice President

Cody Yin Ph.D

Partner

Zhang Yixiao

Executive Director

Yuan Yuan

Principal

Alston Zecha

FinTech and Enterprise Software and Director

Haoming Zhang

Vice President

Gordon Zhang

Vice President and Principal

Feng Zhao

Partner

Weimin Liu Ph.D

Partner

Past deals in Hospital

Beads

Series A in 2025
Beads is a dedicated operator of hospice housing facilities, specializing in providing end-of-life care for patients with terminal cancer or intractable neurological diseases. The company offers a residential setting that combines nursing care and palliative support, aiming to create a comfortable and dignified environment for patients to spend their final days.

Ujala Cygnus Healthcare Services

Venture Round in 2022
Ujala Cygnus Healthcare Services is a New Delhi-based operator of a chain of low-budget super-specialty hospitals focused on delivering quality healthcare to Tier 2 and Tier 3 communities in India. The organization provides a range of medical services, including both emergency and elective procedures, with expertise in various surgical specialties such as joint replacement, trauma surgery, neurological and spine surgery, urology, ophthalmology, and fertility. By offering advanced medical options at an affordable cost, Ujala Cygnus aims to enhance healthcare accessibility and address the needs of underserved populations in these regions.

SDP Japan

Venture Round in 2018
SDP Japan Co., Ltd. is a specialty hospital provider based in Shinjuku, Japan, focusing on orthopedic and cardiovascular surgeries. Founded in 2014, the company operates a medical equipment procurement platform designed for both bed-based hospitals and bedless clinics. SDP Japan specializes in the procurement and sales of surgical components, pharmaceuticals, and consumables, as well as offering IT system services and management consulting. This comprehensive approach enables hospitals to access essential surgical materials and equipment, ensuring that patients can undergo surgeries with confidence and peace of mind.

Devoted

Series A in 2017
Devoted Health, established in 2017 and headquartered in Newton, Massachusetts, specializes in providing comprehensive healthcare solutions for Medicare beneficiaries in the United States. The company offers Medicare Advantage plans, along with personalized care through dedicated health guides, both in-person and virtually. Devoted Health aims to improve the health and well-being of older Americans by combining access to top local providers, virtual and in-home care through Devoted Medical, and advanced technology to deliver tailored healthcare experiences.

Haici Technology

Series B in 2017
Haici Technology is a developer of a mobile platform aimed at enhancing the efficiency of hospital operations. The platform serves as a smart healthcare service solution, designed to improve patient visit experiences and reduce wait times. By integrating online and offline medical services, it facilitates better connections between hospitals and patients while also streamlining administrative workflows. The company's focus is on optimizing hospital visits and expanding the range of services offered, ultimately aiming to improve overall healthcare delivery.

Novaerus

Venture Round in 2014
Novaerus is a manufacturer of air filtration technologies aimed at enhancing air quality in the healthcare, education, and hospitality sectors. The company's innovative air purification systems utilize dielectric barrier discharge (DBD) plasma technology to effectively control airborne pathogens and pollutants. This technology is designed to complement traditional cleaning protocols, such as hand washing and surface disinfection, by providing an additional layer of protection against indoor pathogens. By implementing its airborne pathogen control solutions, Novaerus seeks to improve the quality of care and overall business outcomes in skilled nursing and assisted living facilities, ultimately creating healthier living, working, and healing environments.

Cygnus Medicare

Venture Round in 2014
Cygnus Medicare Pvt. Ltd., established in 2011, operates a chain of multi-specialty hospitals in India, primarily in the northern regions. The company specializes in super speciality surgeries, including bone and joint, cardiology, neurology and spine, obstetrics and gynecology, pediatrics, minimal access surgery, eye care, ENT, dental and cosmetic, internal medicine, and diabetology. It also provides intensive care, radiology, and urology services. As of 2019, Cygnus Medicare operates ten state-of-the-art hospitals in Delhi and Haryana, staffed by highly skilled and experienced doctors. The company aims to provide high-quality care using advanced technology, making its hospitals the preferred choice for both emergency and elective procedures.

Bang Er Orthopedic Hospital Group

Venture Round in 2014
Bang Er Orthopedic Hospital Group is a health care company.

Cygnus Hospitals

Venture Round in 2014
Cygnus Hospitals is a Operator of multi-speciality hospitals.

Bang Er Orthopedic

Series A in 2014
Zhejiang Bang Er Medical Investment Management Co., Ltd. is a prominent operator of hospitals specializing in orthopedic care and rehabilitation services, established in 2012 in Zhejiang Province, China. The company focuses on the diagnosis and treatment of various orthopedic conditions, including trauma-related injuries, hand and foot surgery, spine surgery, and joint surgery. By offering a comprehensive range of services, Bang Er aims to provide patients with the necessary care and treatment options for their orthopedic ailments, positioning itself as a key player in the healthcare sector of the Yangtze River Delta.

Optegra UK

Venture Round in 2008
Optegra UK Limited is a specialist provider of ophthalmic services with a network of eye hospitals and clinics across the United Kingdom, including locations in Birmingham, Cheshire, Hampshire, Leeds, London, Manchester, Surrey, and Yorkshire. Established in 2006 and headquartered in London, the company offers a range of treatments for various eye conditions, such as age-related macular degeneration, cataracts, eyelid conditions, floaters, and glaucoma. Its services include cataract surgery, laser eye surgery, lens replacement, cosmetic eyelid surgery, and vitrectomy treatments. In addition to its UK operations, Optegra also provides ophthalmic services internationally in China, Germany, the Czech Republic, and Poland, emphasizing its commitment to enhancing patients' quality of life through specialized eye care.
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