Derit Seeds Revenue, Valuation, Funding & Investors

Derit Seeds is valued at $614M as of March 2025.

Last Derit Seeds valuation

$614M

Secondary · Mar 2025

Last Derit Seeds funding round

$40M

Undisclosed stage · Apr 2022

Derit Seeds revenue

$32M

Undisclosed stage · Apr 2022

Key investors in Derit Seeds

Derit Seeds Overview

About Derit Seeds

Derit Seeds is a Tianjin-based agrotech firm specializing in cucumber breeding and promotion. Tianjin Druite Company develops series like Dongmei, Bomei, Bonai, Boxin, Zhonghe, Dongguan, Qiumei, and Bojie, hybridizing Dutch high-yield low-temperature varieties with Chinese disease-resistant strains. These cucumbers feature no seedling rest periods, enhancing yield for commercial growers in China.


Founded

2003

HQ

ChinaTianjin

Website

derit.cn

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$32M (Apr 2022)

Valuation

$614M (Mar 2025)

Derit Seeds Valuation

Derit Seeds is currently valued at $614M, based on its secondary sale in March 2025.

The $68M round was led by Mitsui & Co.

Derit Seeds' valuation has grown 3.2x from $189M at its undisclosed-stage round in April 2022 to $614M in March 2025, across 2 priced rounds.

Derit Seeds valuation by funding round

Revenue multiple
Derit Seeds valuation by funding round
DateStageValuationRevenue Multiple
Mar 2025Secondary$614M-
Apr 2022Undisclosed stage$189M5.9x

Derit Seeds Revenue

Derit Seeds' latest recorded revenue is $32M, as of its undisclosed-stage round in April 2022. At a $189M valuation, that implies a 5.9x revenue multiple.

Derit Seeds revenue by funding round

Derit Seeds revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2022$32M$189M5.9xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Derit Seeds Funding History

Derit Seeds has raised a total of $40M across 1 funding round, plus 1 secondary share sale.

Derit Seeds funding rounds

Derit Seeds funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025SecondaryMitsui & Co (lead)$68M$614MTianjin Derit Seeds Co., Ltd. is a Chinese vegetable seed company and subsidiary of Yuan Long Ping High-Tech Agriculture Co., Ltd., China's largest seed company. Mitsui & Co., Ltd. agreed to acquire a 34% equity stake in Tianjin Derit Seeds from Yuan Long Ping High-Tech Agriculture for CNY 489.6 million on March 19, 2025. The transaction values the 34% stake at CNY 489.6 million, implying a full company valuation of CNY 1,440 million, with Mitsui paying cash consideration entirely toward common equity. After the deal closes, Yuan Long Ping High-Tech Agriculture will retain 66% ownership in Tianjin Derit Seeds, with no change to its consolidated scope. The transaction requires regulatory approvals, target board approval, and antitrust clearance, and is expected to complete within Mitsui's fiscal year ending March 2026. Mitsui has cooperated with Yuan Long Ping High-Tech in vegetable seeds since 2016 and holds investments in other seed firms like Hunan Xiangyan Seed Industry. Tianjin Derit operates in China's vegetable seed market, which represents over 50% of global vegetable production. As of June 30, 2024, the company had total assets of CNY 233.81 million and total common equity of CNY 102.69 million.
Apr 2022Undisclosed stageLongPing High-Tech (lead)$40M$189MTianjin Derit Seeds Co., Ltd. is a seed company acquired by Yuan Long Ping High-Tech Agriculture Co., Ltd., a major Chinese seed enterprise listed on the Shenzhen Stock Exchange. On April 25, 2022, Yuan Long Ping High-Tech signed an agreement to acquire the remaining 20% stake in Derit Seeds from six shareholders (Ma Dehua, Zhang Qingdong, Pang Jinan, Li Huaizhi, Zhang Wenzhu, and Lei Jin) for approximately CNY 260 million, completing full ownership of the company. As of December 31, 2021, Tianjin Derit Seeds reported total assets of CNY 230.724 million, annual revenue of CNY 218.244 million, and EBIT of CNY 75.482 million, demonstrating solid profitability in the seed production sector. The acquisition was approved by Yuan Long Ping High-Tech's board of directors and represented the company's strategic expansion in the seed industry, integrating Derit's operations into its broader portfolio of agricultural biotechnology and seed breeding enterprises.

Who has invested in Derit Seeds?

2 investors have backed Derit Seeds across its funding rounds, including Mitsui & Co and LongPing High-Tech.

Lead investors include Mitsui & Co and LongPing High-Tech.


Derit Seeds Investors

Investors in Derit Seeds by funding rounds participated
InvestorHQRoundsRoleFirst check

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Derit Seeds Competitors

Derit Seeds competitors include listed companies like Cem Zeytin, Gujarat State Fertilizers, Scales Corp and Invictus Investment, and private ones like Gro Intelligence and DeHaat.

Public and private companies comparable to Derit Seeds
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Cem ZeytinTurkeyTurkeyPublicly listed$58M($3M)$604M-
Gujarat State FertilizersIndiaIndiaPublicly listed$1.1B$97M$633M0.4x
Scales CorpNew ZealandNew ZealandPublicly listed$520M$98M$572M1.0x
Invictus InvestmentUAEUAEPublicly listed$3.6B$141M$570M-
Gro IntelligenceUnited StatesNew York City, NYPrivate--$694M-
DeHaatIndiaPatnaPrivate--$700M-

Derit Seeds Public Comps

Derit Seeds is still privately-owned, but its public comps include Cem Zeytin, Gujarat State Fertilizers, Scales Corp, Invictus Investment, Dangote Sugar Refinery, AACo, Endur, AKVA Group, CMGP Group and Rural Funds Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cem Zeytin$58M($3M)10.5x-(232.3x)-
Gujarat State Fertilizers$1.1B$97M0.4x0.4x5.1x6.0x
Scales Corp$520M$98M1.4x1.0x7.3x8.5x
Invictus Investment$3.6B$141M0.4x-10.4x-
Dangote Sugar Refinery$623M$45M1.9x1.9x26.1x9.1x
AACo$300M$149M3.1x3.0x6.2x18.0x
Endur$684M$65M1.0x0.8x10.3x7.8x
AKVA Group$466M$54M1.5x1.5x13.3x11.6x

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Common questions about Derit Seeds

When was Derit Seeds founded?Derit Seeds was founded in 2003.
Where is Derit Seeds headquartered?Derit Seeds is headquartered in Tianjin, China.
Is Derit Seeds publicly listed?No, Derit Seeds is a private, VC-backed company.
What is Derit Seeds' valuation?Derit Seeds was last valued at $614M in its secondary sale in March 2025.
How much funding has Derit Seeds raised?Derit Seeds has raised $40M across 1 funding round.
What was Derit Seeds' last funding round?Derit Seeds' last funding round was a $40M undisclosed-stage round in April 2022, led by LongPing High-Tech.
Who are Derit Seeds' investors?Derit Seeds' investors include LongPing High-Tech and Mitsui & Co.
What is Derit Seeds' revenue?Derit Seeds' latest recorded revenue is $32M (April 2022).
What is Derit Seeds' revenue multiple?Derit Seeds' latest valuation implies a 5.9x revenue multiple ($189M valuation on $32M of revenue).
Which companies are comparable to Derit Seeds?Companies comparable to Derit Seeds include Cem Zeytin, Gujarat State Fertilizers, Scales Corp, Invictus Investment, Gro Intelligence and DeHaat.

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