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- Chime Biologics
Chime Biologics Funding, Investors & Competitors
Chime Biologics has raised $332M across 4 funding rounds, most recently a Series A in December 2025.
Last Chime Biologics funding round
Series A
Amount undisclosed · Dec 2025
Cumulative funding Chime Biologics raised
$332M
across 4 funding rounds
Key investors in Chime Biologics
Panacea Venture
BioVenture
Fidelity International
VMS Asset Management
Optics Valley Financial Holdings
About Chime Biologics
Chime Biologics is a Wuhan-headquartered global contract development and manufacturing organization specializing in biologics from cell line development through clinical and commercial drug substance and product production. The company supports pre-clinical to commercial stages for innovative biologic medicines worldwide. Chime maintains an Europe Innovation Hub in Basel, Switzerland, to foster China-Europe biopharma collaborations and accelerate large-molecule drug development. Its state-of-the-art facilities handle end-to-end services including process and analytical development for regulatory approvals across regions.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Chime Biologics Funding History
Chime Biologics has raised a total of $332M across 4 funding rounds.
Chime Biologics' first fundraising round was a $125M Series A in February 2020. The most recent completed round was a Series A in December 2025.
Chime Biologics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2025 | Series A | Optics Valley Financial Holdings (lead) | - | - |
| Feb 2023 | Series A | Panacea Venture (lead); BioVenture | $17M | Chime Biologics, a China-based CDMO specializing in biologics manufacturing, completed a $17.4 million Series B funding round on February 1, 2023, from Panacea Venture. The investment supports improvements to its technology platform, biologics commercialization capabilities, and international expansion. In 2022, the company achieved commercial manufacturing targets amid economic challenges and increased market competition. Chime Biologics reported nearly 80% revenue growth in 2022 compared to the previous year, along with net operating cash inflow supporting sustainable development. This round follows earlier financings, including a $190 million Series A+ in March 2021 led by VMS Group with participation from Fidelity International and Panacea Venture, and a $125 million Series A in early 2020. Panacea Venture, a healthcare-focused VC firm with offices in Shanghai, Hong Kong, and Silicon Valley, led this investment to aid Chime's rapid growth. |
| Mar 2021 | Series A | VMS Asset Management (lead); Panacea Venture; Fidelity International | $190M | Chime Biologics, a China-based contract development and manufacturing organization (CDMO) located in Wuhan's BioLake biotech zone, announced the completion of a USD 190 million Series A+ financing on March 25, 2021, led by VMS Group with participation from Fidelity International and Panacea Venture. Over USD 100 million was closed immediately, with the full commitment secured from institutional investors to fund the second phase expansion of its CDMO facility, aiming to increase manufacturing capacity beyond 140,000L within five years. This followed a Series A round of USD 125 million completed in February 2020. The company operates the world's first GMP-grade GE KuBio modular bio-manufacturing facility compliant with ICH, FDA, EMA, and NMPA standards, offering one-stop integrated solutions from early drug development to commercial cGMP production for biologics like monoclonal antibodies, bispecific antibodies, fusion proteins, conjugated proteins, and enzymes. Services include cell line development, process development, quality control, clinical and commercial manufacturing, and regulatory support. VMS Group, a multi-strategy financial group focused on growth capital in healthcare and other sectors, praised Chime Biologics' manufacturing track record and fast-growing customer base, expressing confidence in its potential to become a leading global CDMO player. Subsequent developments include a Series B round of USD 17.4 million on February 1, 2023, bringing total funding to USD 332.4 million across five rounds, with investors including Panacea Venture, HongShan, and Kleiner Perkins. |
| Feb 2020 | Series A | - | $125M | Chime Biologics is a China-based contract development and manufacturing organization (CDMO) specializing in biopharmaceutical outsourcing services. The company operates from Wuhan's Bio-Lake biotech development zone and features the world's first GE KUBio modular biopharmaceutical manufacturing facility, with capacity expandable to over 140,000 liters. In early 2020, Chime Biologics completed a Series A financing round raising $125 million from institutional investors to support its manufacturing operations and capacity expansion. The company subsequently raised additional capital through a Series A+ round in March 2021 securing $190 million in commitments led by VMS Group, with participation from Fidelity International and Panacea Venture. By 2022, Chime Biologics demonstrated significant growth with revenue increasing nearly 80 percent year-over-year and achieved commercial manufacturing milestones including the first commercial manufacturing of Lepu Biopharma's anti-PD-1 monoclonal antibody. |
Who has invested in Chime Biologics?
5 investors have backed Chime Biologics across its funding rounds, including Panacea Venture, BioVenture, Fidelity International, VMS Asset Management and Optics Valley Financial Holdings.
Lead investors include Optics Valley Financial Holdings, Panacea Venture and VMS Asset Management.
Chime Biologics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
| 1 | Lead | Dec 2025 | ||
| 1 | Participant | Feb 2023 | ||
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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 TrialInvestments by Chime Biologics
Chime Biologics has invested in 1 company to date.
Latest investment by Chime Biologics was on December 29th 2025. Chime Biologics invested in Sumgen Biotech in their Series C round.
Latest Investments by Chime Biologics
| Description | Sumgen Biotech is a Shanghai-headquartered biopharmaceutical firm specializing in therapeutic antibodies for cancer immunotherapy and diagnostics. Leveraging CD&MD technology, it engineers bispecific and multispecific antibodies alongside CAR-T cell therapies targeting solid tumors. Key pipeline candidates address PD-1 pathways and tumor microenvironments, with preclinical assets advancing toward clinical trials in partnership with domestic research institutes in China. |
| HQ Country | |
| HQ City | Hangzhou |
| Deal Date | 29 Dec 2025 |
| Round | Series C |
| Raised | undisclosed |
| Investors | Oriental Fortune Capital; Qijian Fund |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Chime Biologics investments and their VC round multiples. Start Free Trial | |
Chime Biologics Competitors
Chime Biologics competitors include listed companies like Wuxi AppTec, Samsung BioLogics, Lonza Group and IQVIA, and private ones like BioRay Pharmaceuticals and Aragen Life Sciences.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $6.8B | $4B | $73B | 8.2x | ||
| Publicly listed | $3.3B | $2B | $47B | 12.5x | ||
| Publicly listed | $7.9B | $2.5B | $46B | 5.9x | ||
| Publicly listed | $16B | $3.4B | $44B | 3.4x | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | $179M | $48M | $1.4B | 7.8x |
Chime Biologics Public Comps
Chime Biologics is still privately-owned, but its public comps include Wuxi AppTec, Samsung BioLogics, Lonza Group, IQVIA, Wuxi Biologics, Divi's Laboratories, Sartorius, Medpace, Eurofins Scientific and Charles River.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $6.8B | $4B | 10.0x | 8.2x | 17.0x | 16.2x | |||
| $3.3B | $2B | 14.0x | 12.5x | 23.3x | 23.6x | |||
| $7.9B | $2.5B | 6.4x | 5.9x | 20.5x | 18.0x | |||
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $3.2B | $1.3B | 7.8x | 7.0x | 19.4x | 18.0x | |||
| $1.1B | $374M | 23.3x | 21.2x | 68.0x | 61.8x | |||
| $3.4B | $943M | 7.1x | 6.8x | 25.7x | 22.0x | |||
| $2.5B | $558M | 6.6x | 6.1x | 30.1x | 27.6x | |||
This data is available for Pro users. Sign up to see all Chime Biologics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chime Biologics
| When was Chime Biologics founded? | Chime Biologics was founded in 2013. |
| Where is Chime Biologics headquartered? | Chime Biologics is headquartered in Wuhan, China. |
| Is Chime Biologics publicly listed? | No, Chime Biologics is a private, VC-backed company. |
| How much funding has Chime Biologics raised? | Chime Biologics has raised $332M across 4 funding rounds. |
| What was Chime Biologics' last funding round? | Chime Biologics' last funding round was a Series A in December 2025, led by Optics Valley Financial Holdings. |
| Who are Chime Biologics' investors? | Chime Biologics' investors include Panacea Venture, Optics Valley Financial Holdings, BioVenture, Fidelity International and VMS Asset Management. |
| Which companies are comparable to Chime Biologics? | Companies comparable to Chime Biologics include Wuxi AppTec, Samsung BioLogics, Lonza Group, IQVIA, BioRay Pharmaceuticals and Aragen Life Sciences. |
| How many companies has Chime Biologics invested in? | Chime Biologics has invested in 1 company, including Sumgen Biotech. |
| What was Chime Biologics' last investment? | In December 2025, Chime Biologics invested in Sumgen Biotech's Series C alongside Oriental Fortune Capital and Qijian Fund. |
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