- Companies
- ABclonal
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series D | CMB International Capital Corporation (lead); HSG (lead); Lucion (lead); Taikang Touzi; Zhengxingu Capital; Loyal Valley Capital | $188M | ABclonal, 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 2021 | Series C | HSG (lead); LYFE Capital (lead); Sigma Square Capital; JinHe Ziben; Oriza Fund of Funds; Lucion; Fenghe Capital | $93M | ABclonal 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 11 ABclonal investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Worcester, MA |
| Deal Date | 5 Mar 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all ABclonal acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | |
| HQ City | Wuhan |
| Deal Date | 18 Sep 2024 |
| Round | Strategic investment |
| Raised | $200K |
| Investors | - |
| Valuation | $5M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all ABclonal investments and their VC round multiples. Start Free Trial | |
ABclonal Competitors
ABclonal competitors include listed companies like Illumina, BillionToOne, Roche and 10x Genomics, and private ones like ArsenalBio and BGI Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Publicly listed | $305M | $12M | $5.2B | 11.7x | ||
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Publicly listed | $643M | ($16M) | $10B | 15.2x | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $45B | $11B | 6.3x | 6.0x | 26.8x | 23.6x | |||
| $91B | $15B | 3.0x | 2.9x | 18.1x | 15.7x | |||
| $44B | $12B | 4.6x | 4.2x | 17.4x | 15.8x | |||
| $25B | $6.9B | 7.0x | 6.6x | 24.8x | 21.1x | |||
| $10B | $3.6B | 13.0x | 11.6x | 36.6x | 25.7x | |||
This data is available for Pro users. Sign up to see all ABclonal competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to ABclonal
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




