EdiGene Funding, Investors & Competitors

EdiGene has raised $179M across 6 funding rounds, most recently a $61M Series B in April 2021.

Last EdiGene funding round

$61M

Series B · Apr 2021

Cumulative funding EdiGene raised

$179M

across 6 funding rounds

Key investors in EdiGene

  • IDG Capital
  • Lilly Asia Ventures
  • Huagai Capital
  • HSG
  • Green Pine Capital Partners
  • 3H Health Investment
  • Alwin Capital
  • WI Harper Group

EdiGene Overview

About EdiGene

EdiGene is a Beijing-headquartered biotechnology firm founded in 2016 that develops ex vivo gene-editing therapies for genetic diseases. The company applies CRISPR/Cas9 technology in products like ET-01 for transfusion-dependent beta-thalassemia and ET-02 for severe sickle cell disease. EdiGene's pipeline targets hemoglobinopathies and has advanced ET-01 into a Phase 1/2 clinical trial in China with U.S. FDA IND clearance. It serves pharmaceutical partners and research institutions through its EpiCROPS platform for precise gene editing. EdiGene collaborates with global entities including Beam Therapeutics and maintains GMP facilities in Beijing and Shanghai.


Founded

2015

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

EdiGene Funding History

EdiGene has raised a total of $179M across 6 funding rounds.

EdiGene's first fundraising round was a $15M Series A in December 2017. The most recent completed round was a $61M Series B in April 2021.

EdiGene funding rounds

EdiGene funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2021Series BLoyal Valley Capital (lead); Kunlun Capital; IDG Capital; Alwin Capital; Sherpa Healthcare Partners; Huagai Capital; Lilly Asia Ventures; 3H Health Investment; BioTrack Capital; HSG$61MEdiGene, Inc. is a clinical-stage biotechnology company based in Beijing, China, with operations in Guangzhou, Shanghai, and Cambridge, Massachusetts, USA, focused on developing genome editing technologies to accelerate drug discovery and create novel therapeutics for cancer, genetic diseases like β-thalassemia, and other conditions. Its pipeline includes ET-01, a CRISPR/Cas9 gene-editing therapy for transfusion-dependent β-thalassemia that received China's first IND approval for gene-editing and hematopoietic stem cell therapy in January 2021, with Phase I trials planned; additional assets encompass allogeneic CAR-T therapies, in vivo RNA base editing via LEAPER technology, and targeted therapies identified through high-throughput genome-editing screening. On April 21, 2021, EdiGene completed a Series B+ financing round raising RMB 400 million (approximately USD 62 million), led by Loyal Valley Capital, with new investors BioTrack Capital and Sherpa Healthcare Partners, and participation from existing backers including IDG Capital, Lilly Asia Ventures, 3H Health Investment, Huagai Capital, Sequoia Capital China, Alwin Capital, and Kunlun Capital. This followed a Series B round of RMB 450 million (~USD 67 million) in October 2020. The funds are designated to advance the pipeline into clinical stages, scale business operations, expand R&D and clinical facilities, and enhance global competitiveness. Leadership emphasized the financing's role in accelerating R&D, globalization, and translation of gene-editing innovations into therapies addressing unmet needs. CEO Wei Dong highlighted portfolio advancement and new offices, while Scientific Founder Wensheng Wei and Loyal Valley's Andy Lin underscored the company's pioneering IND milestone and potential to deliver accessible treatments in China and worldwide.
Oct 2020Series B3H Health Investment (lead); IDG Capital; Alwin Capital; Huagai Capital; Lilly Asia Ventures; Kunlun; Green Pine Capital Partners; HSG$67MEdiGene, a Beijing- and Cambridge-based biotech company, develops genome editing technologies to accelerate drug discovery and novel therapeutics for various diseases, with a focus on advancing gene-editing programs into clinical stages. On October 13, 2020, it raised approximately RMB 450 million (USD 67 million) in a Series B financing round led by 3H Health Investment, with participation from new investors Sequoia Capital China, Alwin Capital, and Kunlun Capital, alongside existing investors IDG Capital, Lilly Asia Ventures, Huagai Capital, and Green Pine Capital Partners. Proceeds from the round were allocated to advance the company's pipeline into clinical trials and expand the team. CEO Dong Wei noted that the company had raised approximately RMB 700 million (USD 100 million) in the past two years, highlighting the addition of top-tier investors and progress toward clinical-stage development to build a globally competitive gene-editing firm. This Series B round matched the specified investors and approximate date of October 13, 2020. A follow-on Series B+ round of RMB 400 million (USD 62 million) occurred in April 2021, led by Loyal Valley Capital with new investors BioTrack Capital and Sherpa Healthcare Partners, and continued support from the same group including 3H Health Investment, but this is a distinct later financing. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were disclosed in announcements for the October 2020 round. EdiGene's advancements included preparations for clinical trials like ET-01, the first gene-editing and hematopoietic stem cell therapy IND approved in China, alongside allogeneic CAR-T and in vivo RNA base editing therapies.
Sep 2019Series AIDG Capital; Lilly Asia Ventures$12MEdiGene is a China-based genomic medicine developer founded in 2015 that uses genome editing technologies to create treatments for conditions including cancer and genetic diseases. The company has developed proprietary platforms such as high-throughput genome-editing screening and in vivo therapeutic platforms to advance pipeline candidates into clinical trials. In September 2019, EdiGene raised approximately $11 million in a pre-series B2 round from IDG Capital and Lilly Asia Ventures, following a $15 million pre-series B round in August 2018 led by Lilly Asia Ventures with IDG Capital participation. This round coincided with a research collaboration for T-cell therapies for cancer. EdiGene continued fundraising with a Series B round of RMB 450 million ($67 million) in October 2020 led by 3H Health Investment, including IDG Capital and Lilly Asia Ventures, and a Series B Plus of RMB 400 million ($62 million) in April 2021 led by Loyal Valley Capital. Funds supported pipeline advancement into clinics, team expansion, and new offices in Beijing, Shanghai, Guangzhou, and Cambridge, Massachusetts. The company received China's first IND approval for a gene-editing hematopoietic stem cell therapy ET-01 and is preparing Phase I trials while advancing CAR-T and RNA base editing therapies.
Feb 2019Series AGreen Pine Capital Partners (lead); IDG Capital; Lilly Asia Ventures$10MEdiGene Inc., a Beijing-based genome editing technologies developer, raised $10 million in a Series pre-B plus financing round in early 2019 led by Green Pine Capital Partners, with participation from Series A lead investor IDG Capital, Series B lead investor Lilly Asia Ventures, and other insiders. The funding supports EdiGene's efforts to advance breakthrough therapies for genetic diseases and cancer using proprietary genome-editing platforms. EdiGene, founded in 2015, provides genome editing platform services for academia, biotechnology, and pharmaceutical companies.
Aug 2018Series ALilly Asia Ventures (lead); IDG Capital; Huagai Capital; WI Harper Group$15MEdiGene is a Beijing-based biotechnology company founded in 2015 that develops genome editing technologies, including platforms for haematopoietic stem cells, T cells, RNA base editing for drug development, and screening systems to discover therapeutic targets. The company focuses on advancing gene editing therapies for genetic diseases, with core team members from leading institutions like Stanford University and Chinese Academy of Sciences. In August 2018, EdiGene completed a pre-Series B financing round of approximately $15 million (nearly RMB 100 million), led by Lilly Asia Ventures with participation from new investor Huagai Capital and existing Series A investors IDG Capital and WI Harper Group. The funds aimed to inject momentum into therapeutic projects and support progression to the next development stage. CEO Dong Wei highlighted the potential of their genome editing therapies. EdiGene continued raising capital in subsequent rounds, including an $11 million pre-Series B2 in September 2019 from Lilly Asia Ventures and IDG Capital, a RMB 450 million ($66.8 million) Series B in 2020 led by 3H Health Investment with Sequoia Capital China and others, and further Series B extensions totaling over $100 million in cumulative funding by late 2020. Later financings included a RMB 400 million ($62 million) Series B Plus in April 2021 led by Loyal Valley Capital. Proceeds from later rounds supported pipeline advancement to clinical stages, expansion of operations including new offices in Shanghai and Cambridge, Massachusetts, and initiation of trials like ET-01 for hematopoietic stem cell therapy.
Dec 2017Series AFUJIFILM (lead)$15M-

Who has invested in EdiGene?

14 investors have backed EdiGene across its funding rounds, including IDG Capital, Lilly Asia Ventures, Huagai Capital, HSG, Green Pine Capital Partners and 3H Health Investment.

Lead investors include Loyal Valley Capital, 3H Health Investment, Green Pine Capital Partners, Lilly Asia Ventures and FUJIFILM.


EdiGene Investors

Investors in EdiGene by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing5ParticipantAug 2018
Lilly Asia VenturesChinaShanghai5LeadAug 2018
Huagai CapitalChinaBeijing3ParticipantAug 2018
Alwin CapitalChinaBeijing2ParticipantOct 2020
3H Health InvestmentHong KongHong Kong2LeadOct 2020
Green Pine Capital PartnersChinaShenzhen2LeadFeb 2019
HSGHong KongHong Kong2ParticipantOct 2020
Kunlun CapitalSingaporeSingapore1ParticipantApr 2021
Sherpa Healthcare PartnersChinaBeijing1ParticipantApr 2021
Loyal Valley CapitalChinaShanghai1LeadApr 2021
BioTrack CapitalChinaShanghai1ParticipantApr 2021
FUJIFILMJapanTokyo1LeadDec 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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EdiGene Competitors

EdiGene competitors include listed companies like Johnson & Johnson, Roche, Merck KGaA and Illumina, and private ones like Biosplice Therapeutics and Biomat USA.

Public and private companies comparable to EdiGene
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
Merck KGaAGermanyGermanyPublicly listed$24B$5.3B$66B3.1x
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-

EdiGene Public Comps

EdiGene is still privately-owned, but its public comps include Samsung, Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Thermo Fisher Scientific and Siemens.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung$243B$67B4.4x2.4x15.8x4.4x
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x

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Common questions about EdiGene

When was EdiGene founded?EdiGene was founded in 2015.
Where is EdiGene headquartered?EdiGene is headquartered in Beijing, China.
Is EdiGene publicly listed?No, EdiGene is a private, VC-backed company.
How much funding has EdiGene raised?EdiGene has raised $179M across 6 funding rounds.
What was EdiGene's last funding round?EdiGene's last funding round was a $61M Series B in April 2021, led by Loyal Valley Capital.
Who are EdiGene's investors?EdiGene's investors include IDG Capital, Lilly Asia Ventures, Huagai Capital, Alwin Capital, 3H Health Investment, Green Pine Capital Partners, HSG, Kunlun Capital, Sherpa Healthcare Partners, Loyal Valley Capital and 4 others.
Which companies are comparable to EdiGene?Companies comparable to EdiGene include Johnson & Johnson, Roche, Merck KGaA, Illumina, Biosplice Therapeutics and Biomat USA.

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