Investor profile

Johnson & Johnson Innovation – JJDC logo

Johnson & Johnson Innovation – JJDC

CVC

USGBDEFRESNLBECHILCNSGJPKRAUCABio/PharmaHealthtechDeep TechAI/MLEnterprise

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Investment thesis

JJDC, Johnson & Johnson's corporate venture capital organization founded in 1973, invests across pharmaceuticals and medtech 'at all stages, from new company creation and seed-level startups to Series A and beyond, including private investments in public equity (PIPEs).' Guided by a clear, consistent investment strategy aligned with the scientific goals of Johnson & Johnson, JJDC works hand-in-hand with partners to help navigate the path to creating breakthrough health innovations, deploying the full capabilities of J&J including discovery, clinical development, regulatory affairs, manufacturing and commercialization. JJDC pursues opportunities to solve critical healthcare needs across therapeutics, medical devices, diagnostics, AI/ML and consumer healthcare. With over $3.2B in capital invested since 2016 and more than 100 active portfolio companies, JJDC takes a long-term, value-add approach—providing strategic direction, access to J&J's global expertise, and co-founding new companies alongside leading venture partners. The firm operates globally through Innovation Centers in Boston, San Francisco, London, and Shanghai, and the JLABS incubator network spanning 13+ locations worldwide.

Notable quotes

In 2025 JJDC remained steadfast in our mission: to invest in transformative healthcare solutions that improve lives globally. Our long-term investment philosophy, aligned with Johnson & Johnson's strategic priorities, enabled us to support breakthrough science and technologies across the continuum of care.

Chris Picariello · JJDC 2025 Year in Review – jnjinnovation.com · 2025

Our capacity to navigate market fluctuations stems from our strategy of investing based on our solid balance sheet, regardless of whether we are in a bull or bear market.

Chris Picariello · Delivering on our promise: A review of Johnson & Johnson's strategic investing approach in 2024 – jnjinnovation.com · 2025-01-10

JJDC brings over 50 years of corporate healthcare VC experience and invests across its two sectors—Innovative Medicines and MedTech—at all stages, from new company creation and seed-level startups to Series A and beyond, including private investments in public equity (PIPEs).

Chris Picariello · LaunchBio Investor Connect event profile – launchbio.org

Team

Chris Picariello

President, JJDC (Johnson & Johnson's Corporate Venture Capital Organization)

Bio/PharmaHealthtechDeep Tech

Gilad Glick

Vice President, Venture Investments

Bio/PharmaHealthtech

Christine Brennan

Vice President, Venture Investments

Bio/PharmaHealthtech

Fiona MacLaughlin

Vice President, Venture Investments

Bio/PharmaHealthtech

Biren Mehta

Vice President, Venture Investments

Bio/PharmaDeep Tech

Sanjay Mistry

Vice President, Venture Investments – New Company Creation

Bio/PharmaHealthtech

Recent investments

CompanyRoundSizeDate
Citryll BVSeries B$95m2024-11
Stylus MedicineSeries A$10m2025-05
TECLensSeries A$10m2025-02
Rapport TherapeuticsSeries A$100m2023-03
Accent TherapeuticsSeries C$75m2024-01
Fusion PharmaceuticalsSeries A$46m2019-01
Aro BiotherapeuticsSeries B$42m2023-12
Bright Peak TherapeuticsSeries C$90m2024-06
Flindr TherapeuticsSeries A$22m2024-05
Aliada TherapeuticsSeed / New Company Creation2022-01

Frequent co-investors

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