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

HiFiBiO Therapeutics Overview

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

United StatesUnited States

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

HiFiBiO Therapeutics funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021Series DMirae 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$75MHiFiBiO 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 2019Series CIDG Capital (lead); Delian Capital; Kite Pharma; Hanne Capital; LYFE Capital; Legend Star; HSG; Virtus Inspire Ventures$67MHiFiBiO 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 2018Series BHSG (lead); LYFE Capital (lead); Proxima Ventures Ltd; Viventures; Legend Star; Nest.Bio Ventures$38MHiFiBiO 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

Investors in HiFiBiO Therapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Legend StarChinaBeijing3ParticipantMay 2018
HSGHong KongHong Kong3LeadMay 2018
IDG CapitalChinaBeijing2LeadAug 2019
LYFE CapitalSingaporeSingapore2LeadMay 2018
Proxima Ventures LtdIsraelTel Aviv1ParticipantMay 2018
Hengxu CapitalChinaShanghai1ParticipantJun 2021
Hong Kong Science and Technology Parks CorporationHong KongHong Kong1ParticipantJun 2021
FurtherUnited KingdomLondon1ParticipantJun 2021
Delian CapitalChinaBeijing1ParticipantAug 2019
Kite PharmaUnited StatesLos Angeles, CA1ParticipantAug 2019
Sherpa Healthcare PartnersChinaBeijing1ParticipantJun 2021
ViventuresUnited StatesSan Francisco, CA1ParticipantMay 2018
Maison CapitalChinaShenzhen1ParticipantJun 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

H-Immune 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 CountryFrance
HQ City
Paris
Deal Date15 Oct 2018
Valuationundisclosed
EV/Revenue
EV/EBITDA

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HiFiBiO Therapeutics Competitors

HiFiBiO Therapeutics competitors include listed companies like Roche, Merck KGaA and Illumina, and private ones like Immunai, Heyuan Biotechnology and ArsenalBio.

Public and private companies comparable to HiFiBiO Therapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ImmunaiUnited StatesNew York City, NYPrivate--$1B-
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
Merck KGaAGermanyGermanyPublicly listed$24B$5.3B$66B3.1x
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-
ArsenalBioUnited StatesUnited StatesPrivate--$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 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 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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