- Companies
- Huisheng Biopharmaceutical
Huisheng Biopharmaceutical Valuation, Funding & Investors
Huisheng Biopharmaceutical is valued at $809M as of January 2023.
Last Huisheng Biopharmaceutical valuation
$809M
Series A · Jan 2023
Last Huisheng Biopharmaceutical funding round
$85M
Series A · Jan 2023
Cumulative funding Huisheng Biopharmaceutical raised
$160M
across 2 funding rounds
Key investors in Huisheng Biopharmaceutical
Grand Flight Investment
Ginkgo Capital
Chinalife Tech-Innovation Fund
Baixing Bairong
Changchun Equity Investment Fund Management
JiLin Province Private Equity
Huisheng Biopharmaceutical Overview
About Huisheng Biopharmaceutical
Huisheng Biopharmaceutical is a Jilin-headquartered developer of treatments for diabetes and related complications. Founded in 2019, the company researches novel therapeutics targeting metabolic disorders, with a pipeline including oral antidiabetics and adjunct therapies for neuropathy and retinopathy in the Chinese market.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$809M (Jan 2023)
Sectors
Huisheng Biopharmaceutical Valuation
Huisheng Biopharmaceutical is currently valued at $809M, based on its Series A in January 2023.
The $85M round was led by Baixing Bairong, with participation from JiLin Province Private Equity and Changchun Equity Investment Fund Management.
Huisheng Biopharmaceutical's valuation has grown 1.1x from $747M at its Series A in June 2022 to $809M in January 2023, across 2 priced rounds.
Huisheng Biopharmaceutical valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Series A | $809M |
| Jun 2022 | Series A | $747M |
Huisheng Biopharmaceutical Funding History
Huisheng Biopharmaceutical has raised a total of $160M across 2 funding rounds.
Huisheng Biopharmaceutical's first fundraising round was a $75M Series A in June 2022. The most recent completed round was a $85M Series A in January 2023.
Huisheng Biopharmaceutical funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Series A | Baixing Bairong (lead); JiLin Province Private Equity; Changchun Equity Investment Fund Management | $85M | $809M | Huisheng Biopharmaceutical, a Jilin, China-based developer of biopharmaceutical therapeutics focused on diabetes and its complications, completed its Series A+ financing round on January 3, 2023, raising RMB580 million (approximately $85 million) led by Baixing Bairong, with participation from Jilin Province Private Equity Co., Ltd., Jilin Province Technology Investment Fund Co., Ltd., and Wuxi Shangwei Venture Capital Partnership (L.P.). This followed a RMB500 million Series A round in June 2022, bringing total funding to RMB1.08 billion. The post-investment valuation reached RMB5.58 billion, equivalent to roughly $810 million USD at prevailing exchange rates, with Sihuan Pharmaceutical Holdings Group retaining approximately 61.29% ownership and new A+ investors holding 10.4%. A subsidiary of Sihuan Pharmaceutical (0460.HK) contributed RMB100 million to the rounds. Proceeds from the A+ capital increase, which raised registered capital to RMB372 million, are designated for product marketing, advancing clinical trials, purchasing production equipment, and replenishing operating liquidity. Huisheng's pipeline includes innovative diabetes treatments, such as the fourth-generation insulin degludec injection whose NDA was accepted by China's NMPA, positioning it as a leader in comprehensive diabetes solutions amid China's growing biopharma market projected to reach $111.76 billion by 2025. The financing underscores investor confidence in Huisheng's R&D capabilities, product pipelines, and industrialization potential, especially in a challenging market with tightened liquidity. Baixing Bairong highlighted recognition of Huisheng's full deployment in diabetes R&D and complications treatment. Sihuan Pharmaceutical's Chairman Dr. Che Fengsheng noted excitement over institutional backing for its strategic plans. |
| Jun 2022 | Series A | Grand Flight Investment; Chinalife Tech-Innovation Fund; Ginkgo Capital | $75M | $747M | - |
Who has invested in Huisheng Biopharmaceutical?
6 investors have backed Huisheng Biopharmaceutical across its funding rounds, including Grand Flight Investment, Ginkgo Capital, Chinalife Tech-Innovation Fund, Baixing Bairong, Changchun Equity Investment Fund Management and JiLin Province Private Equity.
Lead investors include Baixing Bairong.
Huisheng Biopharmaceutical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Lead | Jan 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHuisheng Biopharmaceutical Competitors
Huisheng Biopharmaceutical competitors include listed companies like Climb Bio, 4D Molecular Therapeutics, HK inno.N and China TCM, and private ones like Stramsen Biotech and Crystalys Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | - | ($68M) | $808M | - | ||
| Private | - | - | $807M | - | ||
| Publicly listed | $85M | ($152M) | $812M | 14.6x | ||
| Publicly listed | $774M | $109M | $806M | 1.3x | ||
| Publicly listed | $2.2B | $128M | $805M | 0.4x | ||
| Private | - | - | $800M | - |
Huisheng Biopharmaceutical Public Comps
Huisheng Biopharmaceutical is still privately-owned, but its public comps include Climb Bio, 4D Molecular Therapeutics, HK inno.N, China TCM, Achieve Life Sciences, Design Therapeutics, BlossomHill Therapeutics, Esperion Therapeutics, Aclaris Therapeutics and Guizhou Sanli.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($68M) | - | - | (9.2x) | (9.0x) | |||
| $85M | ($152M) | 5.7x | 14.6x | (3.2x) | (1.9x) | |||
| $774M | $109M | 1.4x | 1.3x | 9.6x | 8.5x | |||
| $2.2B | $128M | 0.3x | 0.4x | 5.5x | 6.9x | |||
| - | ($55M) | - | - | (11.7x) | - | |||
| - | ($79M) | - | - | (7.6x) | - | |||
| - | ($64M) | - | - | (15.5x) | - | |||
| $403M | $60M | 2.3x | 2.3x | 15.2x | 15.2x | |||
This data is available for Pro users. Sign up to see all Huisheng Biopharmaceutical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Huisheng Biopharmaceutical
| When was Huisheng Biopharmaceutical founded? | Huisheng Biopharmaceutical was founded in 2019. |
| Where is Huisheng Biopharmaceutical headquartered? | Huisheng Biopharmaceutical is headquartered in Jilin, China. |
| Is Huisheng Biopharmaceutical publicly listed? | No, Huisheng Biopharmaceutical is a private, VC-backed company. |
| What is Huisheng Biopharmaceutical's valuation? | Huisheng Biopharmaceutical was last valued at $809M in its Series A in January 2023. |
| How much funding has Huisheng Biopharmaceutical raised? | Huisheng Biopharmaceutical has raised $160M across 2 funding rounds. |
| What was Huisheng Biopharmaceutical's last funding round? | Huisheng Biopharmaceutical's last funding round was a $85M Series A in January 2023, led by Baixing Bairong. |
| Who are Huisheng Biopharmaceutical's investors? | Huisheng Biopharmaceutical's investors include Grand Flight Investment, Chinalife Tech-Innovation Fund, JiLin Province Private Equity, Baixing Bairong, Ginkgo Capital and Changchun Equity Investment Fund Management. |
| Which companies are comparable to Huisheng Biopharmaceutical? | Companies comparable to Huisheng Biopharmaceutical include Climb Bio, Stramsen Biotech, 4D Molecular Therapeutics, HK inno.N, China TCM and Crystalys Therapeutics. |
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