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- Belief BioMed
Belief BioMed Valuation, Funding & Investors
Belief BioMed is valued at $1.3B as of April 2022.
Last Belief BioMed valuation
$1.3B
Series C · Apr 2022
Last Belief BioMed funding round
$120M
Series C · Apr 2022
Cumulative funding Belief BioMed raised
$204M
across 2 funding rounds
Key investors in Belief BioMed
Qiming Venture Partners
Northern Light Venture Capital
Sherpa Healthcare Partners
About Belief BioMed
Belief BioMed is a Wuxi-headquartered biopharmaceutical company founded in 2019 in China. The firm develops AAV-based gene therapies for neuromuscular and ocular diseases using proprietary engineered capsids with enhanced tissue specificity and immune evasion. Manufacturing clinical-grade vectors in its cGMP facility, Belief BioMed partners with global pharmas for IND-enabling studies.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.3B (Apr 2022)
Belief BioMed Valuation
Belief BioMed is currently valued at $1.3B, based on its Series C in April 2022.
The $120M round was led by Qiming Venture Partners.
Belief BioMed valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series C | $1.3B |
Belief BioMed Funding History
Belief BioMed has raised a total of $204M across 2 funding rounds.
Belief BioMed's first fundraising round was a $84M Series B in April 2020. The most recent completed round was a $120M Series C in April 2022.
Belief BioMed funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series C | Qiming Venture Partners (lead) | $120M | $1.3B | Belief BioMed raised $120 million in a Series C funding round on March 1, 2022, led by Qiming Venture Partners, bringing its total funding to $260 million across four rounds. Previous investors include Tencent and Antler, with Qiming having participated in three rounds including Series A, Series B in 2020, and this Series C. A December 2020 valuation was reported at $682 million. The company develops gene therapies including BBM-H901 injection, an AAV vector for hemophilia B, which received U.S. FDA orphan drug designation and China NMPA breakthrough therapy designation announced in 2022. Qiming Venture Partners highlighted Belief BioMed among its 90 investments in 2022 that created high technology entry barriers through innovation. The firm closed RMB Fund VII at RMB 6.5 billion in 2023, focusing on healthcare and technology sectors, with strong LP support. Belief BioMed is part of Qiming's portfolio achieving milestones. |
| Apr 2020 | Series B | Qiming Venture Partners (lead); Northern Light Venture Capital; Sherpa Healthcare Partners | $84M | - | Belief BioMed is a China-based biotechnology company focused on gene therapy treatments. The company raised $260 million across four funding rounds between April 2020 and March 2022, with Qiming Venture Partners participating as an investor across multiple rounds including Series A, Series B, and Series C. The Series A round occurred on April 21, 2020, with participation from multiple healthcare-focused venture investors. The company's subsequent Series B round in December 2020 achieved a post-money valuation of $682 million, demonstrating significant growth within months of the Series A. In 2023, Belief BioMed entered into an exclusive collaboration agreement with Takeda China for commercialization of its BBM-H901 Injection, a hemophilia B treatment, across Mainland China, Hong Kong, and Macau. The company's gene therapy program received NMPA (China's National Medical Products Administration) IND approval, marking regulatory progress in its development pipeline. |
Who has invested in Belief BioMed?
3 investors have backed Belief BioMed across its funding rounds, including Qiming Venture Partners, Northern Light Venture Capital and Sherpa Healthcare Partners.
Lead investors include Qiming Venture Partners.
Belief BioMed Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2020 | ||
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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 TrialBelief BioMed Competitors
Belief BioMed competitors include listed companies like Akums Drugs and Pharma, Chengdu Easton and MeiraGTx, and private ones like Letu, BioRay Pharmaceuticals and Sonoma Biotherapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $443M | $54M | $1.2B | 2.2x | ||
| Private | - | - | $1.1B | - | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | - | - | $732M | - | ||
| Publicly listed | $199M | $57M | $1.3B | 5.0x | ||
| Publicly listed | $81M | ($91M) | $1.3B | 4.6x |
Belief BioMed Public Comps
Belief BioMed is still privately-owned, but its public comps include Chengdu Easton, MeiraGTx, Harrow, Celltrion Pharm, Liaoning Chengda Biotech, GNI Group, Sawai Group Holdings, Aktis Oncology, Chongqing Genrix and Akums Drugs and Pharma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $199M | $57M | 5.2x | 5.0x | 18.2x | 17.4x | |||
| $81M | ($91M) | 15.0x | 4.6x | (13.4x) | - | |||
| $272M | $42M | 5.4x | 4.4x | 34.3x | 20.2x | |||
| $390M | $55M | 3.3x | - | 23.3x | - | |||
| $207M | $47M | 2.3x | 2.3x | 10.2x | 10.2x | |||
| $173M | ($15M) | 7.6x | 5.6x | (87.9x) | 644.2x | |||
| $1.3B | $205M | 1.4x | 1.4x | 8.9x | 7.5x | |||
| $6M | ($72M) | 117.6x | 61.0x | (10.6x) | - | |||
This data is available for Pro users. Sign up to see all Belief BioMed competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Belief BioMed
| When was Belief BioMed founded? | Belief BioMed was founded in 2018. |
| Where is Belief BioMed headquartered? | Belief BioMed is headquartered in Shanghai, China. |
| Is Belief BioMed publicly listed? | No, Belief BioMed is a private, VC-backed company. |
| What is Belief BioMed's valuation? | Belief BioMed was last valued at $1.3B in its Series C in April 2022. |
| How much funding has Belief BioMed raised? | Belief BioMed has raised $204M across 2 funding rounds. |
| What was Belief BioMed's last funding round? | Belief BioMed's last funding round was a $120M Series C in April 2022, led by Qiming Venture Partners. |
| Who are Belief BioMed's investors? | Belief BioMed's investors include Qiming Venture Partners, Northern Light Venture Capital and Sherpa Healthcare Partners. |
| Which companies are comparable to Belief BioMed? | Companies comparable to Belief BioMed include Akums Drugs and Pharma, Letu, BioRay Pharmaceuticals, Sonoma Biotherapeutics, Chengdu Easton and MeiraGTx. |
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