Geneseeq Funding, Investors & Competitors

Geneseeq has raised $135M across 4 funding rounds, most recently a $114M Series D in December 2019.

Last Geneseeq funding round

$114M

Series D · Dec 2019

Cumulative funding Geneseeq raised

$135M

across 4 funding rounds

Key investors in Geneseeq

  • Beijing Beilu Pharmaceutical
  • Lilly Asia Ventures
  • SBCVC
  • China Reform Holdings Corporation
  • DNV capital
  • D.Z Capital
  • Eastern Investment

Geneseeq Overview

About Geneseeq

Geneseeq is a precision medicine company founded in 2008 that leads in next-generation sequencing for oncology. Its laboratories hold accreditations from China’s National Center of Clinical Laboratories External Quality Assessment, College of American Pathologists Proficiency Testing, and European Molecular Genetics Quality Network Proficiency Testing, plus qualifications for medical and PCR labs. Geneseeq translates genetic sequencing into clinical applications.


Founded

2008

HQ

CanadaToronto

Status

Privately held

Customer focus

B2B

Revenue model

Services

Geneseeq Funding History

Geneseeq has raised a total of $135M across 4 funding rounds.

Geneseeq's first fundraising round was a $5M Series A in August 2014. The most recent completed round was a $114M Series D in December 2019.

Geneseeq funding rounds

Geneseeq funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2019Series DChina Reform Holdings Corporation; SBCVC; Lilly Asia Ventures$114MGeneseeq, a Nanjing-Toronto based company, completed a $114 million Series D financing on December 27, 2019, led by China Reform Holdings Corporation, with participation from Lilly Asia Ventures and SoftBank China Venture Capital (SBCVC). This round follows three previous fundings totaling $86 million raised by the company. Geneseeq specializes in next-generation sequencing (NGS) for cancer genetic testing, providing decision-making tools for physicians through its pan-genomic tests. The Geneseeq Prime test analyzes genetic abnormalities in 425 cancer-related genes, supporting precision medicine applications including targeted drugs, immunotherapies, and cancer risk assessment. Geneseeq operates as a precision oncology platform bridging genomic insights to clinical applications for cancer treatment.
Feb 2017Series BDNV capital (lead)$7M-
Jun 2016Series BD.Z Capital; Eastern Investment; Beijing Beilu Pharmaceutical$9M-
Aug 2014Series ABeijing Beilu Pharmaceutical (lead)$5M-

Who has invested in Geneseeq?

7 investors have backed Geneseeq across its funding rounds, including Beijing Beilu Pharmaceutical, Lilly Asia Ventures, SBCVC, China Reform Holdings Corporation, DNV capital and D.Z Capital.

Lead investors include DNV capital and Beijing Beilu Pharmaceutical.


Geneseeq Investors

Investors in Geneseeq by funding rounds participated
InvestorHQRoundsRoleFirst check
Beijing Beilu PharmaceuticalChinaBeijing2LeadAug 2014
China Reform Holdings CorporationChinaBeijing1ParticipantDec 2019
SBCVCChinaShanghai1ParticipantDec 2019
DNV capitalChinaShenzhen1LeadFeb 2017
Lilly Asia VenturesChinaShanghai1ParticipantDec 2019

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Geneseeq Competitors

Geneseeq competitors include listed companies like Illumina, 10x Genomics and Personalis, and private ones like Mammoth Biosciences, Inscripta and Character Biosciences.

Public and private companies comparable to Geneseeq
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
10x GenomicsUnited StatesUnited StatesPublicly listed$643M($16M)$10B15.2x
PersonalisUnited StatesUnited StatesPublicly listed$70M($78M)$1.7B20.1x
Mammoth BiosciencesUnited StatesUnited StatesPrivate--$1B-
InscriptaUnited StatesUnited StatesPrivate--$565M-
Character BiosciencesUnited StatesJersey City, NJPrivate--$356M-

Geneseeq Public Comps

Geneseeq is still privately-owned, but its public comps include Roche, Merck KGaA, Natera, Illumina, Guardant Health, Sartorius, Bio-Techne, Twist Bioscience, 10x Genomics and Demant.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roche$77B$26B5.0x4.9x14.6x12.4x
Merck KGaA$24B$5.3B3.1x3.1x14.3x10.7x
Natera$2.3B($266M)22.5x19.0x(195.0x)(261.5x)
Illumina$4.3B$1.4B8.8x8.4x27.1x30.0x
Guardant Health$982M($408M)25.7x20.2x(61.8x)(129.5x)
Sartorius$4.1B$1.1B5.7x5.4x21.8x18.2x
Bio-Techne$1.2B$343M9.4x9.3x33.1x26.3x
Twist Bioscience$377M($63M)27.2x22.6x(161.4x)(316.8x)

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Common questions about Geneseeq

When was Geneseeq founded?Geneseeq was founded in 2008.
Where is Geneseeq headquartered?Geneseeq is headquartered in Toronto, Canada.
Is Geneseeq publicly listed?No, Geneseeq is a private, VC-backed company.
How much funding has Geneseeq raised?Geneseeq has raised $135M across 4 funding rounds.
What was Geneseeq's last funding round?Geneseeq's last funding round was a $114M Series D in December 2019.
Who are Geneseeq's investors?Geneseeq's investors include Beijing Beilu Pharmaceutical, China Reform Holdings Corporation, SBCVC, DNV capital, Lilly Asia Ventures, D.Z Capital and Eastern Investment.
Which companies are comparable to Geneseeq?Companies comparable to Geneseeq include Illumina, 10x Genomics, Personalis, Mammoth Biosciences, Inscripta and Character Biosciences.

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