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- Anew Labs
Anew Labs Valuation, Funding & Investors
Anew Labs is valued at $1.5B as of September 2026.
Last Anew Labs valuation
$1.5B
Seed · Sep 2026
Last Anew Labs funding round
$290M
Seed · Sep 2026
Cumulative funding Anew Labs raised
$290M
across 1 funding round
Key investors in Anew Labs
IDG Capital
HSG
Gaorong Capital
5Y Capital
Hillhouse Capital
Primavera Capital Group
Anew Labs Overview
About Anew Labs
Anew Labs is a platform developer that builds artificial intelligence systems for identifying pharmaceutical compounds, such as predicting molecular shapes and designing antibodies, by combining computational work with laboratory validation targeting inflammatory diseases.
Founded
2026
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1.5B (Sep 2026)
Anew Labs Valuation
Anew Labs is currently valued at $1.5B, based on its seed round in September 2026.
The $290M round was led by 5Y Capital, Hillhouse Capital, HSG and IDG Capital, with participation from Boyu Capital, Sino Biopharmaceutical, Gaorong Capital, Primavera Capital Group and Shanghai Future Industry Fund.
Anew Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2026 | Seed | $1.5B |
Anew Labs Funding History
Anew Labs has raised a total of $290M across 1 funding round.
Anew Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Seed | 5Y Capital (lead); Hillhouse Capital (lead); HSG (lead); IDG Capital (lead); Boyu Capital; Sino Biopharmaceutical; Gaorong Capital; Primavera Capital Group; Shanghai Future Industry Fund | $290M | $1.5B | ByteDance completed a $290 million seed financing for Anew Labs in September 2026 at a $1.5 billion post-money valuation, with HSG, IDG Capital and Hillhouse Investment as lead investors, 5Y Capital as co-lead, and participation from Gaorong Capital, Primavera Capital Group, Boyu Capital, Shanghai Future Industry Fund and Sino Biopharmaceutical. The round followed Anew Labs’ spin-off from ByteDance and left ByteDance with a 56% stake after the transaction, positioning the business as an independently managed AI drug discovery company with support from a broad group of technology, venture and strategic life-sciences backers. Anew Labs is based in Shanghai and focuses on AI-driven drug discovery and drug development, building on technology and assets developed inside ByteDance before the spin-off. The financing was described as the company’s first external fundraising and one of the largest domestic AI drug discovery rounds of 2026, reflecting investor confidence in its platform and pipeline and in the broader convergence of AI and pharmaceutical innovation. |
Who has invested in Anew Labs?
9 investors have backed Anew Labs across its funding rounds, including IDG Capital, HSG, Gaorong Capital, 5Y Capital, Hillhouse Capital and Primavera Capital Group.
Lead investors include 5Y Capital, Hillhouse Capital, HSG and IDG Capital.
Anew Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 9 Anew Labs 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 TrialAnew Labs Competitors
Anew Labs competitors include listed companies like BigBear.ai and Arcs Co, and private ones like CodeRabbit, Magic, Meshy AI and Nirvana Insurance.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $128M | ($295M) | $1.4B | 7.6x | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x | ||
| Private | $15M | - | $1.5B | - | ||
| Private | $147M | - | $1.5B | 10.2x | ||
| Private | $30M | - | $1.5B | 50.0x | ||
| Private | - | - | $1.5B | - |
Anew Labs Public Comps
Anew Labs is still privately-owned, but its public comps include Zhejiang Wolwo Bio-Pharma, Lotus Pharmaceutical, Bicara Therapeutics, Pharma Mar, Nippon Shinyaku, Xeris Biopharma, Marksans Pharma, Avalyn Pharma, Innoviva and Natco Pharma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $158M | $69M | 8.3x | 8.5x | 19.0x | - | |||
| $644M | $252M | 4.9x | 3.2x | 12.4x | 8.9x | |||
| - | ($155M) | - | - | (6.4x) | (5.4x) | |||
| $255M | $77M | 5.3x | 5.5x | 17.5x | 27.5x | |||
| $1.1B | $271M | 1.0x | 0.9x | 3.9x | 3.9x | |||
| $292M | $38M | 5.7x | 4.6x | 44.1x | 28.2x | |||
| $307M | $68M | 4.7x | 4.3x | 21.2x | 20.2x | |||
| - | ($91M) | - | - | (12.5x) | (10.1x) | |||
This data is available for Pro users. Sign up to see all Anew Labs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Anew Labs
| When was Anew Labs founded? | Anew Labs was founded in 2026. |
| Where is Anew Labs headquartered? | Anew Labs is headquartered in Shanghai, China. |
| Is Anew Labs publicly listed? | No, Anew Labs is a private, VC-backed company. |
| What is Anew Labs' valuation? | Anew Labs was last valued at $1.5B in its seed round in September 2026. |
| How much funding has Anew Labs raised? | Anew Labs has raised $290M across 1 funding round. |
| What was Anew Labs' last funding round? | Anew Labs' last funding round was a $290M seed round in September 2026, led by 5Y Capital, Hillhouse Capital, HSG and IDG Capital. |
| Who are Anew Labs' investors? | Anew Labs' investors include Boyu Capital, Sino Biopharmaceutical, IDG Capital, Gaorong Capital, Primavera Capital Group, 5Y Capital, Shanghai Future Industry Fund, HSG and Hillhouse Capital. |
| Which companies are comparable to Anew Labs? | Companies comparable to Anew Labs include BigBear.ai, Arcs Co, CodeRabbit, Magic, Meshy AI and Nirvana Insurance. |
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