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- FibroGen
FibroGen Revenue, Valuation, Funding & Investors
FibroGen is valued at $1.2B as of November 2014, a 11.3x multiple on its last reported $108M revenue.
Last FibroGen valuation
$1.2B
Undisclosed stage · Nov 2014
Last FibroGen funding round
$20M
Undisclosed stage · Nov 2014
FibroGen revenue
$108M
Undisclosed stage · Nov 2014
About FibroGen
FibroGen is a biopharmaceutical company discovering therapies based on hypoxia-inducible factor and connective tissue growth factor biology for anemia, fibrosis, and cancer. Its flagship product roxadustat, a HIF-PH inhibitor, received approval in China in 2018 and Japan in 2019 for anemia in chronic kidney disease, with ongoing global trials. Headquartered in San Francisco, California, FibroGen partners with AstraZeneca and Astellas for commercialization in multiple regions.
Founded
1993
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$108M (Nov 2014)
Valuation
$1.2B (Nov 2014)
FibroGen Valuation
FibroGen is currently valued at $1.2B, based on its undisclosed-stage round in November 2014.
FibroGen valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2014 | Undisclosed stage | $1.2B | 11.3x |
FibroGen Revenue
FibroGen's latest recorded revenue is $108M, as of its undisclosed-stage round in November 2014. At a $1.2B valuation, that implies a 11.3x revenue multiple.
FibroGen revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2014 | $108M | $1.2B | 11.3x | Undisclosed 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.
FibroGen Funding History
FibroGen has raised a total of $20M across 1 funding round.
FibroGen funding rounds
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Nov 2014 | Undisclosed stage | $20M | $1.2B | FibroGen is a biopharmaceutical company founded in 1993, focused on pioneering research in hypoxia-inducible factor (HIF) biology to develop novel therapeutics. The company received early seed funding of approximately $12 million from venture capital firms including Kleiner Perkins Caufield & Byers and Institutional Venture Partners, which supported its initial research efforts. On November 14, 2014, FibroGen went public with an IPO listing, achieving a market capitalization of approximately $1.22 billion, marking a transition to public ownership and broader investor participation. Ahead of the IPO around mid-November 2014, FibroGen reported $108 million in revenue and $30.5 million in net income for the first half of 2014, indicating strong financial performance during that period. This traction underscored the company's progress in its therapeutic development pipeline. No specific VC funding round details for late November 2014 are identified, with the IPO representing the key financial event at that time. Post-IPO, FibroGen continued operations in the biopharmaceutical sector, later facing challenges including a 1-for-25 reverse stock split in June 2025 and a sale of its China operations to AstraZeneca for approximately $185 million enterprise value in a later transaction to extend its cash runway. Institutional ownership reached 72.71% by 2025, with analysts issuing a 'Hold' rating and a price target of $37.08 as of August 2025. |
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Start Free TrialFibroGen Competitors
FibroGen competitors include listed companies like Obsidian Therapeutics and Akums Drugs and Pharma, and private ones like BenevolentAI, Rakuten Medical, Umoja Biopharma and ArsenalBio.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($104M) | $1.1B | - | ||
| Private | $10M | - | $1B | 100.0x | ||
| Private | - | - | $1.7B | - | ||
| Private | - | - | $800M | - | ||
| Private | - | - | $1.9B | - | ||
| Publicly listed | $443M | $54M | $1.2B | 2.2x |
FibroGen Public Comps
FibroGen is still privately-owned, but its public comps include Akums Drugs and Pharma, Alto Neuroscience, Replimune Group, Chongqing Genrix, Uniphar, OPKO Health, Sawai Group Holdings, Liaoning Chengda Biotech, Harrow and TOWA Pharmaceutical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $443M | $54M | 2.4x | 2.2x | 19.9x | 16.6x | |||
| - | ($67M) | - | - | (14.9x) | (9.7x) | |||
| - | ($302M) | - | 59.4x | (3.7x) | (3.9x) | |||
| $34M | ($70M) | 32.6x | 33.1x | (16.0x) | - | |||
| $3.5B | $136M | 0.5x | 0.5x | 12.5x | 10.4x | |||
| $607M | ($56M) | 2.2x | 2.3x | (23.3x) | (11.2x) | |||
| $1.3B | $205M | 1.4x | 1.4x | 8.9x | 7.5x | |||
| $207M | $47M | 2.3x | 2.3x | 10.2x | 10.2x | |||
This data is available for Pro users. Sign up to see all FibroGen competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FibroGen
| When was FibroGen founded? | FibroGen was founded in 1993. |
| Where is FibroGen headquartered? | FibroGen is headquartered in San Francisco, CA, United States. |
| Is FibroGen publicly listed? | No, FibroGen is a private company. |
| What is FibroGen's valuation? | FibroGen was last valued at $1.2B in its undisclosed-stage round in November 2014. |
| How much funding has FibroGen raised? | FibroGen has raised $20M across 1 funding round. |
| What was FibroGen's last funding round? | FibroGen's last funding round was a $20M undisclosed-stage round in November 2014. |
| What is FibroGen's revenue? | FibroGen's latest recorded revenue is $108M (November 2014). |
| What is FibroGen's revenue multiple? | FibroGen's latest valuation implies a 11.3x revenue multiple ($1.2B valuation on $108M of revenue). |
| Which companies are comparable to FibroGen? | Companies comparable to FibroGen include Obsidian Therapeutics, BenevolentAI, Rakuten Medical, Umoja Biopharma, ArsenalBio and Akums Drugs and Pharma. |
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