The alternative medicine sector is expanding globally, blending advanced biotechnology with traditional health practices. Companies are emerging from major hubs in the United States, Europe, and China.

This landscape includes heavily funded startups like Orbital Therapeutics, which has secured $270M for its RNA based medicines. Others, like Portugal's AceCann, are focusing on newer areas such as medical cannabis.

Below is our list of 8 Alternative Medicine startups worth keeping an eye on.

Failory's Top 8 Picks

Elektrofi builds drug formulation technology that makes biologic medicines easier to administer. Their proprietary platform concentrates high-dose therapeutics into small-volume injections, offering a subcutaneous alternative to traditional intravenous infusions.

HeadquartersBoston, Massachusetts, United States
Year Founded2016
FoundersChase Coffman
Funding Amount$154.1M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries C
Top InvestorsNational Science Foundation, General Catalyst, RA Capital Management, Catalio Capital Management, Novo Holdings

Orbital Therapeutics develops RNA-based medicines to treat a wide range of human diseases. They are building a first-of-its-kind platform that integrates established and emerging RNA technologies to expand the scope of therapeutic treatments.

HeadquartersCambridge, Massachusetts, United States
Year Founded2022
FoundersCarol Suh, Drew Weissman, Ph.D, Gene Yeo, Giuseppe Ciaramella, Howard Chang, John Maraganore, Kristina Burow, Ravi Majeti
Funding Amount$270M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsAndreessen Horowitz, ARCH Venture Partners, Casdin Capital, Redmile Group, Agent Capital

Scipher Medicine develops a precision immunology platform that analyzes a patient's unique molecular data from a simple blood test. This approach helps determine the most effective drug therapy for individuals with complex autoimmune diseases like rheumatoid arthritis.

HeadquartersWaltham, Massachusetts, United States
Year Founded2014
FoundersAlbert László Barabasi, Joseph Loscalzo, Marcell Veidner, Peter Ruppert
Funding Amount$227M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries D
Top InvestorsAlumni Ventures, Khosla Ventures, Hitachi Ventures, Neuberger Berman, Optum Ventures

They operate a network of clinics and an online platform dedicated to Traditional Chinese Medicine. The platform allows patients to book in-person appointments or receive virtual consultations from its practitioners.

HeadquartersGuangzhou, Guangdong, China
Year Founded2010
FoundersZhiliang Tu
Funding AmountCN¥1B
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsNew Enterprise Associates, Eight Roads Ventures, China Merchants Bank, China Life Insurance, Capital Risk Investment Fund

Innomedica has created a patented drug delivery system that relies on nanotechnology to target treatments. Their technology is designed to transport active ingredients directly to diseased cells, increasing the efficacy of therapies while reducing side effects.

HeadquartersZug, Zug, Switzerland
Year Founded2000
FoundersAndrea Zurkirchen, Herbert Fruh, Jonas Zeller, Pascal Halbherr, Stefan Halbherr
Funding Amount$39.7M
Startup SizeFounding Team (1-10)
Last Funding StatusVenture Round
Top Investors

AceCann cultivates and processes organic medical cannabis for the pharmaceutical industry. They manage the entire production chain, from research and development to final extraction, to ensure high-quality medicinal products.

HeadquartersLisboa, Lisboa, Portugal
Year Founded2019
Founders
Funding Amount$15M
Startup SizeFounding Team (1-10)
Last Funding StatusSeed
Top InvestorsLince Capital, Casa Verde Capital, Frank Cid, Chris Mayle, Sebastian De La Rosa

RecoveryPlus combines online and offline exercise therapy services to help patients with their physical recovery. The company specializes in creating personalized rehabilitation programs for post-operative care and sports injuries.

HeadquartersChengdu, Sichuan, China
Year Founded2015
FoundersPeter Niemi, Zhen Lei
Funding Amount$21.6M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsIDG Capital

Orbsen Therapeutics develops stromal cell immunotherapies to address diseases driven by inflammation and fibrosis. Their work centers on the proprietary ORBCEL™ platform, a technology designed to create a new class of regenerative treatments.

HeadquartersGalway, Galway, Ireland
Year Founded2006
FoundersLarry Couture, Stephen Elliman
Funding Amount$1.3M
Startup SizeLean Team (11-50)
Last Funding StatusVenture Round
Top Investors