Healsun Biopharm Funding, Investors & Competitors

Healsun Biopharm has raised $84M across 5 funding rounds, most recently a Series C in November 2025.

Last Healsun Biopharm funding round

Series C

Amount undisclosed · Nov 2025

Cumulative funding Healsun Biopharm raised

$84M

across 5 funding rounds

Key investors in Healsun Biopharm

  • Yinxinggu Capital
  • Dongfang Jiafu
  • Haibang Capital
  • Haitong Capital
  • Sinowisdom
  • Shanghai Biomedical Industrial Equity Investment Fund
  • HT Capital
  • Kington Capital

Healsun Biopharm Overview

About Healsun Biopharm

Healsun Biopharm is a Shanghai-based CRO and CDMO specializing in antibody and recombinant protein production, including ADCs. Services span developability assessment, cell line development, process optimization, and clinical GMP manufacturing up to 2000L scale. Founded in 2018, it supports 50+ global pharma clients with IND filings to Chinese and U.S. regulators.


Founded

2015

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

Healsun Biopharm Funding History

Healsun Biopharm has raised a total of $84M across 5 funding rounds, plus 1 secondary share sale.

Healsun Biopharm's first fundraising round was a $7M Series A in August 2018. The most recent completed round was a Series C in November 2025.

Healsun Biopharm funding rounds

Healsun Biopharm funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2025Series CLinping Guotou; Beijia Ziben; Zhejiang Shoucheng Investment--
Oct 2023Series BChina Medical System (lead); Dongfang Jiafu$27M-
Sep 2023SecondaryKangzhe Venture Capital (lead)$17MOn September 28, 2023, LEPU Biopharma announced the sale of a 15% equity stake in HealSun Biopharma to Hainan Kangzhe Venture Capital Co. Ltd. The transaction was disclosed as a discloseable transaction but was exempted from shareholders' approval. LEPU Biopharma, the majority shareholder divesting the stake, recorded an estimated gain of approximately RMB 62.5 million from the transaction. HealSun Biopharma is a technical development services provider for biotech companies. The unaudited consolidated net asset value of HealSun Biopharma as of June 30, 2023 was approximately RMB 288,629,000.
Aug 2022Series BShanghai Biomedical Industrial Equity Investment Fund (lead); Xinghua Dingli; Dongfang Jiafu; Conswall Capital; Haitong Kaiyuan Investment; Haibang Capital; Haitong Capital; Yinxinggu Capital; HT Capital$37M-
Apr 2021Series AHaibang Capital (lead); Kington Capital (lead); Sinowisdom; Yinxinggu Capital$12MHealsun Biopharm, established in November 2015, is a technical service company in Hangzhou specializing in the development of antibodies and recombinant protein drugs, providing a one-stop service platform from gene editing to clinical sample production. The company offers services including stable cell plant development, cell fermentation technology, purification technology, analytical method development, formulation development, and trial production, with nearly 10,000 square meters of R&D and office space in Hangzhou and Shanghai. On April 12, 2021, Healsun Biopharm closed an 80 million RMB Series A financing round co-led by Kington Capital and Hai Bang Capital, with participation from Yinxinggu Capital and Sinowisdom. Chana Capital acted as the sole financial advisor. The funds will support the construction of four new 500L production lines to expand clinical sample production and CDMO capacity. Previously, the company completed 50 million yuan strategic financing in 2018 from industrial investors.
Aug 2018Series A-$7MHealsun Biopharm, founded in 2015 in Hangzhou, China, provides CDMO services for antibodies, recombinant proteins, and ADC products, offering end-to-end solutions from early developability assessments and stable cell line construction to pilot production, IND applications, and clinical production. The company completed a Series B financing round worth nearly CNY 250 million in mid-August 2018, with proceeds used to improve the staff team, build a 2000L production line, and address CMC challenges for exosomes, mRNA, and AAV. Company timeline confirms a Series B round completed around August 2018, followed by a Series B+ in October 2018 and additional funding rounds thereafter. Healsun has expanded to include 100L GMP lines for ADC DS, 6*2000L commercial-scale lines for antibodies, and 500L lines for ADC products across four sites totaling 52,500 m² with 250 employees.

Who has invested in Healsun Biopharm?

16 investors have backed Healsun Biopharm across its funding rounds, including Yinxinggu Capital, Dongfang Jiafu, Haibang Capital, Haitong Capital, Sinowisdom and Shanghai Biomedical Industrial Equity Investment Fund.

Lead investors include China Medical System, Kangzhe Venture Capital, Shanghai Biomedical Industrial Equity Investment Fund, Haibang Capital and Kington Capital.


Healsun Biopharm Investors

Investors in Healsun Biopharm by funding rounds participated
InvestorHQRoundsRoleFirst check
Dongfang JiafuChinaHangzhou2ParticipantAug 2022
Haibang CapitalChinaHangzhou2LeadApr 2021
Yinxinggu CapitalChinaHangzhou2ParticipantApr 2021
Linping GuotouChinaHangzhou1ParticipantNov 2025
Xinghua DingliChinaChina1ParticipantAug 2022
China Medical SystemChinaShenzhen1LeadOct 2023
Conswall CapitalChinaShanghai1ParticipantAug 2022
Beijia ZibenChinaChina1ParticipantNov 2025
Haitong Kaiyuan InvestmentChinaShanghai1ParticipantAug 2022
SinowisdomChinaHangzhou1ParticipantApr 2021
Kangzhe Venture CapitalChinaHaikou1LeadSep 2023
Haitong CapitalPortugalLisbon1ParticipantAug 2022
Zhejiang Shoucheng InvestmentChinaChina1ParticipantNov 2025

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Healsun Biopharm Competitors

Healsun Biopharm competitors include listed companies like Lonza Group and Eli Lilly, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and Sonoma Biotherapeutics.

Public and private companies comparable to Healsun Biopharm
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Belief BioMedChinaShanghaiPrivate--$1.3B-
LetuChinaShenzhenPrivate--$1.1B-
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x

Healsun Biopharm Public Comps

Healsun Biopharm is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
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
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Healsun Biopharm

When was Healsun Biopharm founded?Healsun Biopharm was founded in 2015.
Where is Healsun Biopharm headquartered?Healsun Biopharm is headquartered in Hangzhou, China.
Is Healsun Biopharm publicly listed?No, Healsun Biopharm is a private, VC-backed company.
How much funding has Healsun Biopharm raised?Healsun Biopharm has raised $84M across 5 funding rounds.
What was Healsun Biopharm's last funding round?Healsun Biopharm's last funding round was a Series C in November 2025.
Who are Healsun Biopharm's investors?Healsun Biopharm's investors include Dongfang Jiafu, Haibang Capital, Yinxinggu Capital, Linping Guotou, Xinghua Dingli, China Medical System, Conswall Capital, Beijia Ziben, Haitong Kaiyuan Investment, Sinowisdom and 6 others.
Which companies are comparable to Healsun Biopharm?Companies comparable to Healsun Biopharm include Lonza Group, BioRay Pharmaceuticals, Belief BioMed, Letu, Sonoma Biotherapeutics and Eli Lilly.

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