- Companies
- Healsun Biopharm
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2025 | Series C | Linping Guotou; Beijia Ziben; Zhejiang Shoucheng Investment | - | - |
| Oct 2023 | Series B | China Medical System (lead); Dongfang Jiafu | $27M | - |
| Sep 2023 | Secondary | Kangzhe Venture Capital (lead) | $17M | On 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 2022 | Series B | Shanghai 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 2021 | Series A | Haibang Capital (lead); Kington Capital (lead); Sinowisdom; Yinxinggu Capital | $12M | Healsun 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 2018 | Series A | - | $7M | Healsun 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2022 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Participant | Apr 2021 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Nov 2025 | ||
This data is available for Pro users. Sign up to see all 16 Healsun Biopharm investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialHealsun 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.9B | $2.5B | $46B | 5.9x | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $732M | - | ||
| Publicly listed | $65B | $28B | $1.0T | 13.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Healsun Biopharm competitors and their valuation data. Start Free Trial | ||||||||
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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