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- BioRender
BioRender Valuation, Funding & Investors
BioRender is valued at $900M as of April 2023.
Last BioRender valuation
$900M
Series A · Apr 2023
Last BioRender funding round
$15M
Series A · Apr 2023
Cumulative funding BioRender raised
$17M
across 2 funding rounds
Key investors in BioRender
Y Combinator
Liquid 2 Ventures
FundersClub
Refactor
Brad Flora
Zeno Partners
About BioRender
BioRender is a Toronto-headquartered web platform enabling scientists in pharmaceuticals and life sciences to create publication-ready figures and illustrations. Launched in 2018, it hosts over 50,000 customizable icons across biology, chemistry, and medicine, used by more than 10 million researchers at institutions like Harvard, Pfizer, and Novartis. The tool supports collaborative editing, exports in vector formats for journals such as Nature and Cell, and integrates with lab notebooks, streamlining communication with consistent visual standards.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$900M (Apr 2023)
BioRender Valuation
BioRender is currently valued at $900M, based on its Series A in April 2023.
The $15M round was led by Y Combinator.
BioRender valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2023 | Series A | $900M |
BioRender Funding History
BioRender has raised a total of $17M across 2 funding rounds.
BioRender's first fundraising round was a $2M seed round in January 2018. The most recent completed round was a $15M Series A in April 2023.
BioRender funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2023 | Series A | Y Combinator (lead) | $15M | $900M | BioRender is a software platform that enables scientists to create and share publication-quality scientific figures and illustrations. Founded in 2017 by Shiz Aoki, Katya Shteyn, and Ryan Marien, the company was a Y Combinator Winter 2018 graduate. The platform serves researchers across over 100 countries and has built a library of icons and templates across more than 30 fields of biology. Most recently, in 2024, the company announced a $900 million valuation following an investment from Dimension Capital, positioning it as a unicorn-valued company. As a profitable company at that time, BioRender offered equity liquidity to over 100 employees, underscoring the company's strong financial position and commitment to employee ownership. The platform has become deeply embedded in scientific workflows, used by PhD students creating research posters, pharma teams developing mechanism-of-action visualizations, and researchers preparing grant applications and publications. |
| Jan 2018 | Seed | Y Combinator (lead); Liquid 2 Ventures; Refactor; Zeno Partners; FundersClub; Brad Flora | $2M | - | - |
Who has invested in BioRender?
6 investors have backed BioRender across its funding rounds, including Y Combinator, Liquid 2 Ventures, FundersClub, Refactor, Brad Flora and Zeno Partners.
Lead investors include Y Combinator.
BioRender Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
This data is available for Pro users. Sign up to see all 6 BioRender investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBioRender Competitors
BioRender competitors include listed companies like Forward Industries and Lectra, and private ones like Collate, DNAnexus, David AI and Astromech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $18M | ($169M) | $459M | 10.1x | ||
| Private | - | - | $3.8B | - | ||
| Publicly listed | $584M | $91M | $890M | 1.7x |
BioRender Public Comps
BioRender is still privately-owned, but its public comps include Lectra, Bide Pharmatech Co, CryoPort, Smarter Microelectronics, Nagarro, Mensch und Maschine, SEEGENE, ZUKEN, Addnode Group and OmniAb.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $584M | $91M | 1.7x | 1.7x | 11.0x | 11.1x | |||
| $197M | $33M | 3.8x | 3.5x | 22.7x | - | |||
| $176M | ($2M) | 4.2x | 3.9x | (349.1x) | (974.7x) | |||
| $120M | ($31M) | 7.7x | 7.8x | (30.2x) | (31.1x) | |||
| $1.2B | $134M | 1.2x | 1.2x | 10.2x | 8.0x | |||
| $275M | $68M | 2.7x | 2.6x | 10.9x | 9.8x | |||
| $345M | $85M | 2.3x | 2.1x | 9.2x | 7.7x | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
This data is available for Pro users. Sign up to see all BioRender competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BioRender
| When was BioRender founded? | BioRender was founded in 2017. |
| Where is BioRender headquartered? | BioRender is headquartered in Toronto, Canada. |
| Is BioRender publicly listed? | No, BioRender is a private, VC-backed company. |
| What is BioRender's valuation? | BioRender was last valued at $900M in its Series A in April 2023. |
| How much funding has BioRender raised? | BioRender has raised $17M across 2 funding rounds. |
| What was BioRender's last funding round? | BioRender's last funding round was a $15M Series A in April 2023, led by Y Combinator. |
| Who are BioRender's investors? | BioRender's investors include Y Combinator, Liquid 2 Ventures, Refactor, Zeno Partners, FundersClub and Brad Flora. |
| Which companies are comparable to BioRender? | Companies comparable to BioRender include Collate, DNAnexus, David AI, Forward Industries, Astromech and Lectra. |
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