- Companies
- Biocytogen
Biocytogen Valuation, Funding & Investors
Biocytogen is valued at $425M as of August 2019.
Last Biocytogen valuation
$425M
Series D · Aug 2019
Last Biocytogen funding round
$142M
Series D · Sep 2020
Cumulative funding Biocytogen raised
$284M
across 3 funding rounds
Key investors in Biocytogen
CMB International Capital Corporation
SDIC Venture Capital
3E Bioventures
Cowin Capital
China Life Healthcare Fund
Oriza Holdings
About Biocytogen
Biocytogen is a biotechnology company offering end-to-end antibody discovery platforms using gene-edited RenMab mice and B-cell screening. Its services span humanized animal model creation, hybridoma sequencing, and bispecific antibody engineering for oncology and immunology targets. Headquartered in Beijing with US facilities in Wakefield, Massachusetts, Biocytogen partners with over 100 global pharmas including Takeda and Novartis, delivering candidates like fully human antibodies validated in cynomolgus models.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$425M (Aug 2019)
Biocytogen Valuation
Biocytogen is currently valued at $425M, based on its Series D in August 2019.
The $77M round was led by China Life Healthcare Fund and SDIC Venture Capital, with participation from 3E Bioventures and CMB International Capital Corporation.
Biocytogen valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2019 | Series D | $425M |
Biocytogen Funding History
Biocytogen has raised a total of $284M across 3 funding rounds.
Biocytogen's first fundraising round was a $65M Series C in April 2018. The most recent completed round was a $142M Series D in September 2020.
Biocytogen funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2020 | Series D | CMB International Capital Corporation (lead); Baidu Capital; 3E Bioventures; Cowin Capital; China Life Healthcare Fund; SDIC Venture Capital | $142M | - | Biocytogen, a Beijing-based biotechnology company, raised approximately $142 million (USD) in a funding round announced on September 24, 2020, in support of Project Integrum. Investors included CMB International Capital Corporation as lead, along with 3E Bioventures, Baidu Capital, China Life Healthcare Fund, Cowin Capital, and SDIC Venture Capital. This appears to be a Series D or pre-IPO round prior to the company's IPO in September 2022. The company later went public on the Hong Kong Stock Exchange (2315.HK) on September 1, 2022, raising $69.95M. Biocytogen focuses on antibody drug discovery and development platforms, with later investments by the company itself in entities like Doma Bio. |
| Aug 2019 | Series D | China Life Healthcare Fund (lead); SDIC Venture Capital (lead); 3E Bioventures; CMB International Capital Corporation | $77M | $425M | - |
| Apr 2018 | Series C | CMB International Capital Corporation (lead); 3E Bioventures; Cowin Capital; Oriza Holdings; SDIC Venture Capital | $65M | - | - |
Who has invested in Biocytogen?
7 investors have backed Biocytogen across its funding rounds, including CMB International Capital Corporation, SDIC Venture Capital, 3E Bioventures, Cowin Capital, China Life Healthcare Fund and Oriza Holdings.
Lead investors include CMB International Capital Corporation, China Life Healthcare Fund and SDIC Venture Capital.
Biocytogen Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Apr 2018 | ||
| 3 | Lead | Apr 2018 | ||
| 3 | Lead | Apr 2018 | ||
| 2 | Participant | Apr 2018 | ||
| 2 | Lead | Aug 2019 | ||
This data is available for Pro users. Sign up to see all 7 Biocytogen investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Biocytogen
Biocytogen has invested in 1 company to date.
Latest investment by Biocytogen was on June 1st 2022. Biocytogen invested in Doma Biopharmaceutical in their $142M Series A round.
Latest Investments by Biocytogen
| Description | Doma Biopharmaceutical is a China-based biotechnology firm developing peptide-based therapeutics and diagnostics. The company focuses on oncology and metabolic diseases, operating research facilities and manufacturing in Shanghai via domabio.com. |
| HQ Country | |
| HQ City | Suzhou |
| Deal Date | 1 Jun 2022 |
| Round | Series A |
| Raised | $142M |
| Investors | Taiping Medical and Health Fund; SDIC Fund Management; China Taiping Insurance; China Life Private Equity Investment; CMB International Capital Corporation; Suzhou Industrial Park; PICC Capital Investment Management |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Biocytogen investments and their VC round multiples. Start Free Trial | |
Biocytogen Competitors
Biocytogen competitors include listed companies like Eikon Therapeutics and Avacta Group, and private ones like Immvira, Dewpoint Therapeutics, Vanqua Bio and Readline.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($315M) | $465M | - | ||
| Publicly listed | $152K | ($38M) | $495M | 184.3x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $504M | - | ||
| Private | - | - | $333M | - | ||
| Private | - | - | $316M | - |
Biocytogen Public Comps
Biocytogen is still privately-owned, but its public comps include Renata, Atea Pharmaceuticals, Pacific Biosciences, Nika Pharmaceuticals, C4 Therapeutics, Editas Medicine, Prothena Corp., Kyverna Therapeutics, Dong-A Socio Holdings and Zhejiang Shouxiangu.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $348M | $48M | 1.6x | 1.5x | 11.9x | - | |||
| - | ($180M) | - | - | (1.1x) | (1.1x) | |||
| $160M | ($153M) | 5.6x | 5.6x | (5.9x) | (6.9x) | |||
| - | ($76K) | - | - | (5627.2x) | - | |||
| $36M | ($113M) | 6.2x | 7.8x | (2.0x) | - | |||
| $41M | ($157M) | 5.5x | 7.3x | (1.4x) | (1.9x) | |||
| $10M | ($214M) | 15.9x | 2.5x | (0.7x) | - | |||
| - | ($168M) | - | - | (1.6x) | (1.6x) | |||
This data is available for Pro users. Sign up to see all Biocytogen competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Biocytogen
| When was Biocytogen founded? | Biocytogen was founded in 2008. |
| Where is Biocytogen headquartered? | Biocytogen is headquartered in Beijing, China. |
| Is Biocytogen publicly listed? | No, Biocytogen is a private, VC-backed company. |
| What is Biocytogen's valuation? | Biocytogen was last valued at $425M in its Series D in August 2019. |
| How much funding has Biocytogen raised? | Biocytogen has raised $284M across 3 funding rounds. |
| What was Biocytogen's last funding round? | Biocytogen's last funding round was a $142M Series D in September 2020, led by CMB International Capital Corporation. |
| Who are Biocytogen's investors? | Biocytogen's investors include 3E Bioventures, CMB International Capital Corporation, SDIC Venture Capital, Cowin Capital, China Life Healthcare Fund, Baidu Capital and Oriza Holdings. |
| Which companies are comparable to Biocytogen? | Companies comparable to Biocytogen include Eikon Therapeutics, Avacta Group, Immvira, Dewpoint Therapeutics, Vanqua Bio and Readline. |
| How many companies has Biocytogen invested in? | Biocytogen has invested in 1 company, including Doma Biopharmaceutical. |
| What was Biocytogen's last investment? | In June 2022, Biocytogen invested in Doma Biopharmaceutical's $142M Series A alongside Taiping Medical and Health Fund, SDIC Fund Management, China Taiping Insurance and 4 other investors. |
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