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- HiFiBiO Therapeutics
HiFiBiO Therapeutics Funding, Investors & Competitors
HiFiBiO Therapeutics has raised $180M across 3 funding rounds, most recently a $75M Series D in June 2021.
Last HiFiBiO Therapeutics funding round
$75M
Series D · Jun 2021
Cumulative funding HiFiBiO Therapeutics raised
$180M
across 3 funding rounds
Key investors in HiFiBiO Therapeutics
HSG
Legend Star
IDG Capital
LYFE Capital
B Capital
Mirae Asset Capital
Sherpa Healthcare Partners
Delian Capital
About HiFiBiO Therapeutics
HiFiBiO Therapeutics is a multinational clinical-stage biopharmaceutical company developing antibody drugs for cancer and autoimmune disorders. Its Drug Intelligent Science platform combines single-cell analytics, biological expertise, and data intelligence to discover and develop novel immunotherapies, including lead oncology candidates HFB200301, an anti-TNFR2 antibody, and HFB301001, an anti-OX-40 antibody. The company operates from Cambridge, Massachusetts, Hong Kong, Hangzhou, Shanghai, and Paris.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
HiFiBiO Therapeutics Funding History
HiFiBiO Therapeutics has raised a total of $180M across 3 funding rounds.
HiFiBiO Therapeutics' first fundraising round was a $38M Series B in May 2018. The most recent completed round was a $75M Series D in June 2021.
HiFiBiO Therapeutics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2021 | Series D | Mirae Asset Capital (lead); Hengxu Capital; Hong Kong Science and Technology Parks Corporation; Further; IDG Capital; Sherpa Healthcare Partners; Maison Capital; Trinity Innovation Fund; Grand Mount Capital; B Capital; Legend Star; HSG | $75M | HiFiBiO Therapeutics, a multinational clinical-stage biotherapeutics company specializing in immune modulation and drug intelligent science, completed an oversubscribed $75 million Series D financing round on June 14, 2021, led by Mirae Asset Financial Group. New investors included B Capital Group, Sherpa Healthcare Partners, Maison Capital, Trinity Innovation Fund, Grand Mount Capital, and HKSTP Venture Fund, with existing investors IDG Capital, Sequoia Capital China, Legend Star, and Hengxu Capital also participating. Proceeds will advance two lead antibody oncology assets—HFB200301 (anti-TNFR2) and HFB301001 (anti-OX-40)—into Phase I clinical trials, leveraging the company's Drug Intelligent Science (DIS™) platform that integrates biological expertise, single-cell science, and data intelligence. The company will also progress multiple pipeline programs through discovery and clinical development. Recent milestones include advancing HFB30132A, a SARS-CoV-2 neutralizing antibody, into Phase I and launching IND-enabling studies for other immuno-oncology targets. Ryan Jeong from Mirae Asset Capital joined the board post-round. The company operates from Cambridge, Hong Kong, Hangzhou, Shanghai, and Paris, focusing on innovative immunotherapies. |
| Aug 2019 | Series C | IDG Capital (lead); Delian Capital; Kite Pharma; Hanne Capital; LYFE Capital; Legend Star; HSG; Virtus Inspire Ventures | $67M | HiFiBiO Therapeutics, a biopharmaceutical company pioneering single-cell analytics for immune profiling, completed a $67 million Series C financing on August 28, 2019, led by IDG Capital with participation from new investors Delian Capital, Hanne Capital, Kite (a Gilead Company), and existing investors Sequoia Capital China, VI Ventures, Legend Star Capital, and LYFE Capital. The proceeds are designated to advance the company's unique single-cell platform, CelliGO™, and develop its pipeline of novel antibody drugs targeting cancer and autoimmune disorders. IDG Capital's Tiger Hu joined the board, highlighting the platform's potential in immuno-oncology. Prior to this round, HiFiBiO raised $37.5 million in a Series B in May 2018, led by Sequoia China and LYFE Capital, with support from VI Ventures, Nest.Bio Ventures, Legend Star Capital, and Proxima Ventures, transforming it into a multinational entity with expanded facilities and a robust pipeline. The Series C builds on milestones like collaborations with Takeda for antibody discovery and acquisitions such as H-Immune Therapeutics in October 2018 to enhance immuno-oncology target identification, plus a joint venture with Vikas Sukhatme. Post-Series C, the company continued fundraising with a $75 million Series D in June 2021 led by Mirae Asset Financial Group, involving B Capital Group, Sherpa, and others including prior investors IDG and Sequoia Capital China, to advance lead assets HFB200301 (anti-TNFR2) and HFB301001 (anti-OX-40) into Phase I trials using its Drug Intelligent Science (DIS®) platform. |
| May 2018 | Series B | HSG (lead); LYFE Capital (lead); Proxima Ventures Ltd; Viventures; Legend Star; Nest.Bio Ventures | $38M | HiFiBiO Therapeutics, a biopharmaceutical company specializing in therapeutic antibody discovery via single-B-cell screening and analysis, completed a $37.5 million Series B financing on May 16, 2018. The round was led by Sequoia China (HSG) and LYFE Capital, with support from existing Series A investors VI Ventures and Nest.Bio Ventures, plus new investors Legend Star Capital and Proxima Ventures. The funds aimed to accelerate the pipeline of novel antibody drugs targeting cancer and autoimmune disorders, while transforming the company into a multinational enterprise with enhanced management, global presence, and operations in Cambridge, Mass., Hangzhou, China, and Paris. Investors highlighted HiFiBiO's disruptive single-B-cell cloning technology combined with biological expertise, positioning it to address complex diseases effectively. Sequoia China's Lynn Yang emphasized the technology's potential to cure devastating diseases, while LYFE Capital's James Zhao noted the experienced team, proven platform, and pipeline generation capabilities for diverse tumor types and diseases. Post-Series B, HiFiBiO achieved milestones including biopharmaceutical collaborations, an acquisition, a joint venture, and scientific publications, leading to a $67 million Series C in August 2019 led by IDG Capital with participation from Sequoia China, VI Ventures, Legend Star, LYFE Capital, Delian Capital, Hanne Capital, and Kite (Gilead). A later $75 million Series D followed, led by Mirae Asset, advancing immuno-oncology assets like HFB200301 (anti-TNFR2) and HFB301001 (anti-OX-40) to Phase I using the Drug Intelligent Science (DIS) platform. |
Who has invested in HiFiBiO Therapeutics?
20 investors have backed HiFiBiO Therapeutics across its funding rounds, including HSG, Legend Star, IDG Capital, LYFE Capital, B Capital and Mirae Asset Capital.
Lead investors include Mirae Asset Capital, IDG Capital, HSG and LYFE Capital.
HiFiBiO Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2018 | ||
| 3 | Lead | May 2018 | ||
| 2 | Lead | Aug 2019 | ||
| 2 | Lead | May 2018 | ||
| 1 | Participant | May 2018 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | May 2018 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 20 HiFiBiO Therapeutics 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 TrialAcquisitions by HiFiBiO Therapeutics
HiFiBiO Therapeutics has acquired 1 company to date.
Last acquisition by HiFiBiO Therapeutics was on October 15th 2018. HiFiBiO Therapeutics acquired H-Immune Therapeutics for undisclosed valuation.
Latest Acquisitions by HiFiBiO Therapeutics
| Description | H-Immune Therapeutics is a biopharmaceutical company developing immunotherapies for cancer treatment. The firm creates fully human antibody-based blockers targeting immune checkpoints, advancing candidates into clinical stages. Headquartered in New York, its pipeline addresses solid tumors through novel oncology mechanisms. |
| HQ Country | |
| HQ City | Paris |
| Deal Date | 15 Oct 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all HiFiBiO Therapeutics acquisitions and their M&A valuation multiples. Start Free Trial | |
HiFiBiO Therapeutics Competitors
HiFiBiO Therapeutics competitors include listed companies like Roche, Merck KGaA and Illumina, and private ones like Immunai, Heyuan Biotechnology and ArsenalBio.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - |
HiFiBiO Therapeutics Public Comps
HiFiBiO Therapeutics 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 HiFiBiO Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HiFiBiO Therapeutics
| When was HiFiBiO Therapeutics founded? | HiFiBiO Therapeutics was founded in 2013. |
| Where is HiFiBiO Therapeutics headquartered? | HiFiBiO Therapeutics is headquartered in United States. |
| Is HiFiBiO Therapeutics publicly listed? | No, HiFiBiO Therapeutics is a private, VC-backed company. |
| How much funding has HiFiBiO Therapeutics raised? | HiFiBiO Therapeutics has raised $180M across 3 funding rounds. |
| What was HiFiBiO Therapeutics' last funding round? | HiFiBiO Therapeutics' last funding round was a $75M Series D in June 2021, led by Mirae Asset Capital. |
| Who are HiFiBiO Therapeutics' investors? | HiFiBiO Therapeutics' investors include Legend Star, HSG, IDG Capital, LYFE Capital, Proxima Ventures Ltd, Hengxu Capital, Hong Kong Science and Technology Parks Corporation, Further, Delian Capital, Kite Pharma and 10 others. |
| Which companies are comparable to HiFiBiO Therapeutics? | Companies comparable to HiFiBiO Therapeutics include Immunai, Roche, Merck KGaA, Illumina, Heyuan Biotechnology and ArsenalBio. |
| How many companies has HiFiBiO Therapeutics acquired? | HiFiBiO Therapeutics has acquired 1 company, including H-Immune Therapeutics. |
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