Alebund Pharmaceuticals Funding, Investors & Competitors

Alebund Pharmaceuticals has raised $219M across 4 funding rounds, most recently a $75M Series C in January 2025.

Last Alebund Pharmaceuticals funding round

$75M

Series C · Jan 2025

Cumulative funding Alebund Pharmaceuticals raised

$219M

across 4 funding rounds

Key investors in Alebund Pharmaceuticals

  • Lilly Asia Ventures
  • Quan Capital
  • Sherpa Healthcare Partners
  • 3E Bioventures
  • Octagon Capital Advisors
  • 3H Health Investment
  • Verition Fund Management
  • 5Y Capital

Alebund Pharmaceuticals Overview

About Alebund Pharmaceuticals

Alebund Pharmaceuticals is a Shanghai-based biopharmaceutical firm developing therapies for renal diseases and chronic kidney conditions. The company advances small molecule drugs targeting fibrosis, proteinuria, and glomerulonephritis through clinical trials in China and the US. Alebund collaborates with research institutions on novel treatments like SGLT2 inhibitors and conducts late-stage studies for commercialization in Asia-Pacific markets.


Founded

2018

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Alebund Pharmaceuticals Funding History

Alebund Pharmaceuticals has raised a total of $219M across 4 funding rounds.

Alebund Pharmaceuticals' first fundraising round was a $60M Series B in May 2021. The most recent completed round was a $75M Series C in January 2025.

Alebund Pharmaceuticals funding rounds

Alebund Pharmaceuticals funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2025Series CKingray Capital; Guojin Group$75MAlebund Pharmaceuticals is an integrated biopharmaceutical company founded in 2018, focusing on innovative therapies for renal diseases and related chronic conditions. Its pipeline includes AP301, an iron-based phosphate binder advancing to pivotal Phase 3 clinical trials in China, AP306, a pan-phosphate transporter inhibitor with Breakthrough Therapy Designation from China's NMPA for hyperphosphatemia in CKD patients, and Mircera (PEG-epoetin beta), a red blood cell stimulator licensed from Roche for commercial rollout in China. The company operates primarily in Shanghai, China, with 19 investors to date. On January 7, 2025, Alebund announced the first closing of its Series C financing round, raising RMB 550 million (approximately $75 million USD). The round was led by an undisclosed renowned healthcare fund, with participation from Yangzhou Guojin Investment Group Co. LTD (also referred to as Guojin Group), Kingray Capital, and others including Xicheng Jinrui and Tencent. The proceeds will support advancement of multiple clinical programs, including regulatory filing for AP301, a Phase 2 study for AP306, and commercial expansion of Mircera in China. Alebund has raised a total of approximately $335 million across rounds, with prior financings including a Pre-C round of nearly RMB 200 million in 2023 from investors like Yangzhou Guojin Investment, Lilly Asia Ventures, and others, plus an RMB 800 million syndicated loan.
Apr 2023Series CVerition Fund Management; Quan Capital; Guojin Capital; Yangzhou Longchuan Holdings; Octagon Capital Advisors; Lilly Asia Ventures; 3H Health Investment; Jiangsu Dingxin Capital Management$29MAlebund Pharmaceuticals is an integrated biopharmaceutical company founded in 2018 and headquartered in Shanghai, China, focused on discovering, developing, producing, and commercializing novel therapies for kidney diseases and related chronic conditions, including chronic kidney disease (CKD)/dialysis complications, IgA nephropathy, diabetic kidney disease, focal segmental glomerulosclerosis (FSGS), and autosomal dominant polycystic kidney disease (ADPKD). The company announced the closing of its pre-C round financing on April 12, 2023, raising close to RMB 200 million (approximately US$29 million), with participants including 3H Health Investment, Guojin Capital (Yangzhou Guojin Investment), Jiangsu Dingxin Capital Management, Lilly Asia Ventures, Octagon Capital Advisors, Quan Capital, Verition Fund Management, and Yangzhou Longchuan Holdings. The proceeds are intended to support clinical trials of its kidney disease candidates. In addition to the equity financing, Alebund secured RMB 800 million (about $116 million) through a syndicated bank loan around the same time to construct a manufacturing facility for small-molecule drugs in Yangzhou, Jiangsu province, preparing for future commercialization. Key pipeline assets include AP301, an iron-based phosphate binder advancing toward new drug application (NDA) in China and global pivotal studies; AP306, a first-in-class pan phosphate transporter inhibitor entering US/China phase 2; and partnerships like commercial expansion for Mircera in China. The company has built a diversified pipeline targeting unmet needs in renal indications. Subsequent developments include a Series C first closing of RMB 550 million ($75 million) on January 7, 2025, led by Yangzhou Guojin Investment Group and Kingray Capital to advance pipelines and commercialization, with some sources citing a $500M valuation for that later round. Alebund continues global expansion, including FDA Orphan Drug Designation for AP303 in ADPKD in March 2024 and Phase 3 trial initiations for AP301.
Sep 2021Series B3H Health Investment (lead); 5Y Capital (lead); Loyal Valley Capital (lead); BioVenture; Verition Fund Management; Quan Capital; Sherpa Healthcare Partners; Octagon Capital Advisors; 3E Bioventures; Lilly Asia Ventures; HT Capital$55MAlebund Pharmaceuticals is a biopharmaceutical company focused on developing innovative therapies for renal diseases and related chronic conditions, based in Shanghai, China. The company positions itself as China's first biopharmaceutical company dedicated specifically to novel renal therapies. On September 13, 2021, Alebund announced a Series B+ financing round raising $54.5 million, led by 3H Health Investment, Loyal Valley Capital, and Morningside Ventures. Additional investors in this round included YuanBio Venture Capital, Octagon Capital, Verition Fund Management, and HT Capital, with participation from existing shareholders including Lilly Asia Ventures, Quan Capital, 3E Bioventures Capital, and Sherpa Healthcare Partners. This round came approximately four months after the company's $60 million Series B round in May 2021, demonstrating strong investor confidence. The capital was allocated to accelerate clinical program development, construct manufacturing facilities, advance pre-clinical assets, and expand the company's talent pool. At the time of the Series B+ round, Alebund's lead clinical program, targeting hyperphosphatemia treatment, was in Phase II trials with plans to initiate Phase III registrational studies in 2022. The company continued to advance its pipeline, with subsequent funding including a Series B-III round in April 2023 and a Series C round for $75.02 million in January 2025, bringing total capital raised to $335.26 million across multiple rounds.
May 2021Series BQuan Capital (lead); Sherpa Healthcare Partners; Med-Fine Capital; 3E Bioventures; Lilly Asia Ventures$60MAlebund Pharmaceuticals is a Shanghai-based biopharmaceutical company focused on developing innovative treatments for renal diseases, addressing unmet needs in chronic kidney disease with extensive product pipelines driven by clinical programs, manufacturing, and preclinical assets. In September 2021, it raised $54.5 million (approximately RMB 350-370 million) in a Series B+ financing round, led by 3H Health Investment, Loyal Valley Capital, and Morningside Ventures, with participation from YuanBio Venture Capital, Octagon Capital, Verition Fund Management, HT Capital, and existing shareholders including Lilly Asia Ventures, Quan Capital, 3E Bioventures Capital, and Sherpa Healthcare Partners. The funds were allocated to accelerate clinical development, build a manufacturing site, advance preclinical research, and expand the talent pool. Quan Capital, which led an earlier Series B round, highlighted Alebund's progress and growth potential, noting recognition by multiple investors. The company aims to become a leading player in renal therapeutics in China and globally.

Who has invested in Alebund Pharmaceuticals?

17 investors have backed Alebund Pharmaceuticals across its funding rounds, including Lilly Asia Ventures, Quan Capital, Sherpa Healthcare Partners, 3E Bioventures, Octagon Capital Advisors and 3H Health Investment.

Lead investors include 3H Health Investment, 5Y Capital, Loyal Valley Capital and Quan Capital.


Alebund Pharmaceuticals Investors

Investors in Alebund Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
Quan CapitalChinaShanghai3LeadMay 2021
Lilly Asia VenturesChinaShanghai3ParticipantMay 2021
Verition Fund ManagementUnited StatesGreenwich, CT2ParticipantSep 2021
Sherpa Healthcare PartnersChinaBeijing2ParticipantMay 2021
Octagon Capital AdvisorsUnited StatesNew York City, NY2ParticipantSep 2021
3E BioventuresChinaChina2ParticipantMay 2021
3H Health InvestmentHong KongHong Kong2LeadSep 2021
BioVentureChinaSuzhou1ParticipantSep 2021
Kingray CapitalChinaBeijing1ParticipantJan 2025
Med-Fine CapitalChinaShanghai1ParticipantMay 2021
Guojin CapitalChinaShenzhen1ParticipantApr 2023
Yangzhou Longchuan HoldingsChinaYangzhou1ParticipantApr 2023
Loyal Valley CapitalChinaShanghai1LeadSep 2021

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Alebund Pharmaceuticals Competitors

Alebund Pharmaceuticals competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Alebund Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Alebund Pharmaceuticals Public Comps

Alebund Pharmaceuticals is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Alebund Pharmaceuticals

When was Alebund Pharmaceuticals founded?Alebund Pharmaceuticals was founded in 2018.
Where is Alebund Pharmaceuticals headquartered?Alebund Pharmaceuticals is headquartered in Shanghai, China.
Is Alebund Pharmaceuticals publicly listed?No, Alebund Pharmaceuticals is a private, VC-backed company.
How much funding has Alebund Pharmaceuticals raised?Alebund Pharmaceuticals has raised $219M across 4 funding rounds.
What was Alebund Pharmaceuticals' last funding round?Alebund Pharmaceuticals' last funding round was a $75M Series C in January 2025.
Who are Alebund Pharmaceuticals' investors?Alebund Pharmaceuticals' investors include Quan Capital, Lilly Asia Ventures, Verition Fund Management, Sherpa Healthcare Partners, Octagon Capital Advisors, 3E Bioventures, 3H Health Investment, BioVenture, Kingray Capital, Med-Fine Capital and 7 others.
Which companies are comparable to Alebund Pharmaceuticals?Companies comparable to Alebund Pharmaceuticals include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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