ABclonal Funding, Investors & Competitors

ABclonal has raised $281M across 2 funding rounds, most recently a $188M Series D in December 2021.

Last ABclonal funding round

$188M

Series D · Dec 2021

Cumulative funding ABclonal raised

$281M

across 2 funding rounds

Key investors in ABclonal

  • HSG
  • Lucion
  • CMB International Capital Corporation
  • Loyal Valley Capital
  • LYFE Capital
  • Oriza Fund of Funds
  • Fenghe Capital
  • JinHe Ziben

ABclonal Overview

About ABclonal

ABclonal Technology is a Woburn, Massachusetts-headquartered provider of life science reagents and tools for research and diagnostics. The company manufactures over 100,000 antibodies, recombinant proteins, ELISA kits, NGS library prep kits, and molecular biology enzymes used in cell signaling, immunology, and epigenetics studies. Founded in 2016 by scientists from Harvard and MIT, ABclonal serves academic labs, biotech firms, and pharmaceutical companies worldwide through direct sales and distributors across North America, Europe, and Asia. Its products feature rigorous validation, including knockout and overexpression assays, ensuring high specificity and reproducibility in applications like Western blot, IHC, and flow cytometry.


Founded

2011

HQ

ChinaChina

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

ABclonal Funding History

ABclonal has raised a total of $281M across 2 funding rounds.

ABclonal's first fundraising round was a $93M Series C in February 2021. The most recent completed round was a $188M Series D in December 2021.

ABclonal funding rounds

ABclonal funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2021Series DCMB International Capital Corporation (lead); HSG (lead); Lucion (lead); Taikang Touzi; Zhengxingu Capital; Loyal Valley Capital$188MABclonal, a biotechnology company, completed a Series D funding round of $188.85 million on December 8, 2021, led by CMB International Capital, HSG (HongShan), and Lucion Venture Capital Group, with participation from Loyal Valley Capital and Taikang Asset Management. This round brought the company's total funding to $281.75 million across 8 rounds from 18 investors.
Feb 2021Series CHSG (lead); LYFE Capital (lead); Sigma Square Capital; JinHe Ziben; Oriza Fund of Funds; Lucion; Fenghe Capital$93MABclonal Biotechnology, parent of Massachusetts-based ABclonal Technology, completed a $92.9 million Series C financing on February 22, 2021, led by Sequoia Capital China and LYFE Capital, with participation from Sigma Square Capital, Kinghall Ventures, Lucion Capital, and other new and existing shareholders. Funds will accelerate R&D for in vitro diagnostic raw materials, expand production of research reagents, and support global expansion including talks to acquire a single-cell monoclonal antibody CRO. ABclonal Technology provides high-quality life science research and diagnostic reagents including antibodies, proteins, ELISA kits, NGS library preparation kits, and molecular enzymes, sourced from scientists at world-class universities. The company aims to improve research quality and support downstream therapeutic and diagnostic applications through innovative reagents. CEO Zack Wu emphasized that reagent quality underpins life science breakthroughs, with the funding enabling faster innovation and expansion.

Who has invested in ABclonal?

11 investors have backed ABclonal across its funding rounds, including HSG, Lucion, CMB International Capital Corporation, Loyal Valley Capital, LYFE Capital and Oriza Fund of Funds.

Lead investors include CMB International Capital Corporation, HSG, Lucion and LYFE Capital.


ABclonal Investors

Investors in ABclonal by funding rounds participated
InvestorHQRoundsRoleFirst check
LucionChinaJinan2LeadFeb 2021
HSGHong KongHong Kong2LeadFeb 2021
Sigma Square CapitalChinaBeijing1ParticipantFeb 2021
JinHe ZibenChinaChina1ParticipantFeb 2021
Taikang TouziChinaBeijing1ParticipantDec 2021
Oriza Fund of FundsChinaSuzhou1ParticipantFeb 2021
Zhengxingu CapitalChinaChina1ParticipantDec 2021
Loyal Valley CapitalChinaShanghai1ParticipantDec 2021
LYFE CapitalSingaporeSingapore1LeadFeb 2021

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Acquisitions by ABclonal

ABclonal has acquired 1 company to date.

Last acquisition by ABclonal was on March 5th 2021. ABclonal acquired Yurogen Biosystems for undisclosed valuation.


Latest Acquisitions by ABclonal

Yurogen Biosystems
Description
Yurogen Biosystems is a biotechnology firm commercializing a platform for rapid development of monoclonal antibodies from rabbit and other non-mouse host animals. The technology enhances affinity and specificity for therapeutic and research applications via yurogen.com.
HQ CountryUnited States
HQ City
Worcester, MA
Deal Date5 Mar 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by ABclonal

ABclonal has invested in 1 company to date.

Latest investment by ABclonal was on September 18th 2024. ABclonal invested in NZK biotech in their $200K Strategic investment round.


Latest Investments by ABclonal

NZK biotech
Description
NZK Biotech is a Hangzhou, China-based provider of high-throughput molecular diagnostics systems. The company offers fluorescence-based PCR analyzers, automated nucleic acid extractors, and lab management software for infectious disease testing and genomics. Its NZ-9600 series processes 96 samples per run in under 90 minutes, supporting COVID-19 and STI panels. NZK serves hospitals and labs in Asia with CE-IVD certified reagents and tissue processors handling 500 samples daily.
HQ CountryChina
HQ City
Wuhan
Deal Date18 Sep 2024
RoundStrategic investment
Raised$200K
Investors-
Valuation$5M
EV/Revenue
EV/EBITDA

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ABclonal Competitors

ABclonal competitors include listed companies like Illumina, BillionToOne, Roche and 10x Genomics, and private ones like ArsenalBio and BGI Group.

Public and private companies comparable to ABclonal
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
BillionToOneUnited StatesUnited StatesPublicly listed$305M$12M$5.2B11.7x
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
10x GenomicsUnited StatesUnited StatesPublicly listed$643M($16M)$10B15.2x
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
BGI GroupChinaShenzhenPrivate--$1.6B-

ABclonal Public Comps

ABclonal is still privately-owned, but its public comps include Samsung, Johnson & Johnson, Roche, Thermo Fisher Scientific, Siemens, Abbott, Danaher, Intuitive Surgical, Medtronic and Stryker.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung$243B$67B4.4x2.4x15.8x4.4x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
Roche$77B$26B5.0x4.9x14.6x12.4x
Thermo Fisher Scientific$45B$11B6.3x6.0x26.8x23.6x
Siemens$91B$15B3.0x2.9x18.1x15.7x
Abbott$44B$12B4.6x4.2x17.4x15.8x
Danaher$25B$6.9B7.0x6.6x24.8x21.1x
Intuitive Surgical$10B$3.6B13.0x11.6x36.6x25.7x

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Common questions about ABclonal

When was ABclonal founded?ABclonal was founded in 2011.
Where is ABclonal headquartered?ABclonal is headquartered in China.
Is ABclonal publicly listed?No, ABclonal is a private, VC-backed company.
How much funding has ABclonal raised?ABclonal has raised $281M across 2 funding rounds.
What was ABclonal's last funding round?ABclonal's last funding round was a $188M Series D in December 2021, led by CMB International Capital Corporation, HSG and Lucion.
Who are ABclonal's investors?ABclonal's investors include Lucion, HSG, Sigma Square Capital, JinHe Ziben, Taikang Touzi, Oriza Fund of Funds, Zhengxingu Capital, Loyal Valley Capital, LYFE Capital, CMB International Capital Corporation and 1 other.
Which companies are comparable to ABclonal?Companies comparable to ABclonal include Illumina, BillionToOne, Roche, 10x Genomics, ArsenalBio and BGI Group.
How many companies has ABclonal acquired?ABclonal has acquired 1 company, including Yurogen Biosystems.
How many companies has ABclonal invested in?ABclonal has invested in 1 company, including NZK biotech.
What was ABclonal's last investment?In September 2024, ABclonal invested in NZK biotech's $200K strategic investment round.

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