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- AusperBio
AusperBio Funding, Investors & Competitors
AusperBio has raised $357M across 6 funding rounds, most recently a $120M Series C in August 2026.
Last AusperBio funding round
$120M
Series C · Aug 2026
Cumulative funding AusperBio raised
$357M
across 6 funding rounds
Key investors in AusperBio
Qiming Venture Partners
BioVenture
Hankang Capital
CDH Investments
Sherpa Healthcare Partners
Genesis Capital
InnoPinnacle Fund
RA Capital Management
About AusperBio
AusperBio is a Taiwan-based clinical-stage biopharmaceutical company developing antisense oligonucleotide therapies using its Med-Oligo ASO platform for hepatitis B and other liver diseases. The firm advances candidates like AUS-131 for functional cure of chronic HBV through targeted delivery to hepatocytes. AusperBio's pipeline targets metabolic disorders and genetic conditions, with Phase II trials ongoing in Asia.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Sectors
AusperBio Funding History
AusperBio has raised a total of $357M across 6 funding rounds.
AusperBio's first fundraising round was a $14M seed round in November 2023. The most recent completed round was a $120M Series C in August 2026.
AusperBio funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2026 | Series C | RA Capital Management (lead); BioVenture; InnoPinnacle Fund; Sherpa Healthcare Partners; Qiming Venture Partners; Hankang Capital; CDH Investments | $120M | - |
| Sep 2025 | Series B | Qiming Venture Partners (lead); BioVenture; Sherpa Healthcare Partners; Hankang Capital; Genesis Capital; CDH Investments | $63M | AusperBio Therapeutics, a clinical-stage biotechnology company with operations in the USA and China, develops targeted oligonucleotide therapies using its proprietary Med-Oligo antisense oligonucleotide (ASO) platform, primarily focused on achieving a functional cure for chronic hepatitis B (CHB) with lead candidate AHB-137, a novel unconjugated ASO that has completed global Phase 1b trials and is advancing through Phase 2 studies in China, including Phase 2b trials showing positive data presented at the EASL Congress. On September 21, 2025, AusperBio secured a $63 million Series B2 financing round, co-led by Qiming Venture Partners and a globally renowned strategic investor, with participation from HanKang Capital, CDH Investments, YuanBio Venture Capital, Sherpa Capital, and Genesis Capital, to advance AHB-137's pivotal trial, multiple Phase II combination studies, global Phase II expansion, preclinical pipeline, and commercial manufacturing scale-up. This B2 round follows a $73 million Series B in December 2024 led by HanKang Capital with Sherpa Capital, CDH Investments, Qiming Venture Partners, InnoPinnacle Fund, and YuanBio Venture Capital; a $37 million Series A in July 2024 led by InnoPinnacle Fund with Yuanbio, Qiming, Hankang, and Genesis; and a $50 million Series B+ with participation from Qiming, CDH, Genesis, YuanBio, HanKang, and Sherpa to support Phase II trials outside China and manufacturing. Proceeds across financings consistently fund AHB-137 clinical progression toward a potential HBV cure and platform expansion for viral, metabolic, and genetic disorders. |
| May 2025 | Series B | BioVenture; Yuansheng Capital; Sherpa Healthcare Partners; Qiming Venture Partners; Hankang Capital; Genesis Capital; CDH Investments | $50M | AusperBio is a clinical-stage biotechnology company headquartered in South Korea, founded in 2018, developing targeted oligonucleotide therapies, particularly AHB-137, an antisense oligonucleotide from its Med-Oligo platform aimed at achieving a functional cure for chronic hepatitis B, currently advancing to pivotal Phase II trials and combination studies. Proceeds are designated to support clinical development of AHB-137, including ongoing pivotal trials, Phase II combination studies, global expansion, platform advancement, preclinical pipeline progression, and commercial manufacturing scale-up. This Series B+ follows prior rounds, including a $73 million Series B in December 2024 led by HanKang Capital with participation from Sherpa Capital, CDH Investments, Qiming Venture Partners, InnoPinnacle Fund, and YuanBio Venture Capital, and a $37 million Series A in July 2024, bringing total raised to around $90 million by early 2025 before subsequent financings. A later $63 million Series B2 in September 2025 was co-led by Qiming Venture Partners and a strategic investor, with participation from HanKang Capital, CDH Investments, YuanBio Venture Capital, Sherpa Capital, and Genesis Capital, further underscoring syndicate confidence in AHB-137's potential as a backbone therapy and the platform's expansion to other diseases like viral infections, metabolic, genetic, and immune disorders. |
| Dec 2024 | Series B | Hankang Capital (lead); BioVenture; InnoPinnacle Fund; Sherpa Healthcare Partners; Qiming Venture Partners; CDH Investments | $73M | AusperBio is a clinical-stage biotechnology company developing targeted oligonucleotide therapies, particularly its proprietary Med-Oligo antisense oligonucleotide (ASO) platform, to achieve a functional cure for chronic hepatitis B (CHB). Its lead asset, AHB-137, is an unconjugated ASO that has received FDA IND clearance for clinical trials, breakthrough therapy designation from China's NMPA, and is advancing through Phase 2 trials in China following promising Phase 1 data. On December 26, 2024, AusperBio closed a $73 million Series B financing round led by HanKang Capital, with participation from Sherpa Capital (also referred to as Sherpa Healthcare Partners), CDH Investments, an undisclosed strategic investor, and existing investors Qiming Venture Partners, InnoPinnacle Fund, and YuanBio Venture Capital. This followed a $37 million Series A in July 2024, bringing total 2024 funding to around $110 million. The proceeds are allocated to Phase 2 development of AHB-137, including clinical studies in China and global trials, commercial-scale manufacturing, pipeline expansion, and operational growth. Subsequent financings include a $50 million Series B+ in May 2025 and a $63 million Series B2 in September 2025, co-led by Qiming Venture Partners and a strategic investor, with similar participants, to further advance AHB-137's pivotal trials, combination studies, global Phase 2, and preclinical pipeline. AusperBio operates primarily out of Shanghai and San Francisco, targeting the significant unmet need in CHB treatment with its ASO technology showing preclinical and early clinical promise. |
| Jul 2024 | Series A | InnoPinnacle Fund (lead); BioVenture; Qiming Venture Partners; Hankang Capital; Genesis Capital | $37M | AusperBio Therapeutics, Inc. and Ausper Biopharma Co., Ltd., operating as AusperBio, is a clinical-stage biotechnology company with operations in the US and China, focused on advancing targeted oligonucleotide therapies for a functional cure of chronic hepatitis B (CHB) infection using its proprietary Med-Oligo™ ASO platform. The platform enhances antisense oligonucleotide (ASO) therapeutics through novel design insights and targeted delivery conjugation for treating viral infections, metabolic conditions, genetic disorders, and immune diseases. Its lead candidate, AHB-137, received Breakthrough Therapy Designation from China’s CDE, supporting accelerated development. On July 14, 2024, AusperBio completed a $37 million Series A financing round led by existing investor InnoPinnacle Fund, with participation from new investors Yuanbio Venture Capital (also referred to as BioVenture), Qiming Venture Partners, Hankang Capital, and Genesis Capital. The proceeds are designated to advance Phase II clinical trials of AHB-137, explore combination treatments, optimize manufacturing, and expand the product pipeline and Med-Oligo™ platform. Dr. Guofeng Cheng, co-founder and CEO, highlighted the round as a milestone recognizing scientific and clinical progress, with strong investor commitment to CHB therapeutics. Dr. Yang Chengyong, co-founder and CSO, emphasized leveraging oligonucleotide R&D and delivery tech for innovative therapies. Subsequently, AusperBio raised $73 million in a Series B round on December 26, 2024, led by HanKang Capital with participation from Sherpa Capital, CDH Investments, a strategic investor, and existing investors including Qiming Venture Partners, InnoPinnacle Fund, and YuanBio Venture Capital, bringing total 2024 funding to $110 million for AHB-137 advancement. |
| Nov 2023 | Seed | - | $14M | - |
Who has invested in AusperBio?
9 investors have backed AusperBio across its funding rounds, including Qiming Venture Partners, BioVenture, Hankang Capital, CDH Investments, Sherpa Healthcare Partners and Genesis Capital.
Lead investors include RA Capital Management, Qiming Venture Partners, Hankang Capital and InnoPinnacle Fund.
AusperBio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Jul 2024 | ||
| 5 | Lead | Jul 2024 | ||
| 5 | Lead | Jul 2024 | ||
| 4 | Participant | Dec 2024 | ||
| 4 | Participant | Dec 2024 | ||
| -- | 3 | Lead | Jul 2024 | |
| 3 | Participant | Jul 2024 | ||
This data is available for Pro users. Sign up to see all 9 AusperBio 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 TrialAusperBio Competitors
AusperBio competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
AusperBio Public Comps
AusperBio 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all AusperBio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AusperBio
| When was AusperBio founded? | AusperBio was founded in 2019. |
| Where is AusperBio headquartered? | AusperBio is headquartered in San Francisco, CA, United States. |
| Is AusperBio publicly listed? | No, AusperBio is a private, VC-backed company. |
| How much funding has AusperBio raised? | AusperBio has raised $357M across 6 funding rounds. |
| What was AusperBio's last funding round? | AusperBio's last funding round was a $120M Series C in August 2026, led by RA Capital Management. |
| Who are AusperBio's investors? | AusperBio's investors include BioVenture, Qiming Venture Partners, Hankang Capital, Sherpa Healthcare Partners, CDH Investments, InnoPinnacle Fund, Genesis Capital, Yuansheng Capital and RA Capital Management. |
| Which companies are comparable to AusperBio? | Companies comparable to AusperBio include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
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