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

Belief BioMed Overview

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

ChinaShanghai

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

Belief BioMed valuation by funding round
DateStageValuation
Apr 2022Series 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

Belief BioMed funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series CQiming Venture Partners (lead)$120M$1.3BBelief 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 2020Series BQiming 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

Investors in Belief BioMed by funding rounds participated
InvestorHQRoundsRoleFirst check
Qiming Venture PartnersChinaShanghai2LeadApr 2020

This data is available for Pro users. Sign up to see all 3 Belief BioMed 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 Trial

Belief 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.

Public and private companies comparable to Belief BioMed
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Akums Drugs and PharmaIndiaIndiaPublicly listed$443M$54M$1.2B2.2x
LetuChinaShenzhenPrivate--$1.1B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
Chengdu EastonChinaChinaPublicly listed$199M$57M$1.3B5.0x
MeiraGTxUnited KingdomUnited KingdomPublicly listed$81M($91M)$1.3B4.6x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Chengdu Easton$199M$57M5.2x5.0x18.2x17.4x
MeiraGTx$81M($91M)15.0x4.6x(13.4x)-
Harrow$272M$42M5.4x4.4x34.3x20.2x
Celltrion Pharm$390M$55M3.3x-23.3x-
Liaoning Chengda Biotech$207M$47M2.3x2.3x10.2x10.2x
GNI Group$173M($15M)7.6x5.6x(87.9x)644.2x
Sawai Group Holdings$1.3B$205M1.4x1.4x8.9x7.5x
Aktis Oncology$6M($72M)117.6x61.0x(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.

See companies similar to Belief BioMed

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial