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- Innoforce Pharmaceuticals
Innoforce Pharmaceuticals Funding, Investors & Competitors
Innoforce Pharmaceuticals has raised $155M across 2 funding rounds, most recently a $59M Series A in December 2021.
Last Innoforce Pharmaceuticals funding round
$59M
Series A · Dec 2021
Cumulative funding Innoforce Pharmaceuticals raised
$155M
across 2 funding rounds
Key investors in Innoforce Pharmaceuticals
Quan Capital
South China Venture Capital
CICC
Advantech Capital
TriWise Capital
Yanchuang Capital
China Highrun Capital Limited
Euland Venture
About Innoforce Pharmaceuticals
InnoForce Pharmaceuticals is a Shanghai-based contract development and manufacturing organization for biologics. The company provides cell line development, upstream and downstream processing, and aseptic filling for monoclonal antibodies and vaccines. Its cGMP facilities support Phase I-III trials and commercial production for partners in China and Southeast Asia.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Innoforce Pharmaceuticals Funding History
Innoforce Pharmaceuticals has raised a total of $155M across 2 funding rounds.
Innoforce Pharmaceuticals' first fundraising round was a $96M Series A in March 2021. The most recent completed round was a $59M Series A in December 2021.
Innoforce Pharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series A | South China Venture Capital (lead); Yanchuang Capital (lead); China Highrun Capital Limited; Advantech Capital; Quan Capital; S&G CAPITAL; CICC; Euland Venture; TriWise Capital | $59M | - |
| Mar 2021 | Series A | South China Venture Capital (lead); Quan Capital | $96M | Innoforce Pharmaceuticals, a China-based biopharmaceutical company founded in 2018, specializes in partnering with pharmaceutical firms for product development, operations management, and commercialization of drugs in China, the US, and Europe. It operates a biotech innovation park in Hangzhou's Hangzhou Bay Biotech Valley, offering global GMP biomanufacturing capabilities as a CDMO for plasmid DNA, viral vectors, cell and gene therapy products, and monoclonal antibodies through partnerships like Thermo Fisher. The company completed its RMB 625 million ($96 million) Series A financing in March 2021, co-led by South China Venture Capital (SCVC) and Peking University-backed Yanchuang Capital, with participation from existing investor Quan Capital Management and others. This followed a RMB 170 million ($24 million) pre-Series A round in June 2020 led by Quan Capital. A second tranche announced later brought the total Series A to 1 billion CNY ($156.6 million), with additional investors including Advantech Capital, Triwise Capital, and others. Proceeds from the Series A supported construction of manufacturing facilities at its Hangzhou campus, including cell and gene therapy production, monoclonal antibody bioprocessing, and an RNA manufacturing platform. The first phase of campus construction was slated for completion by end-2021, with staged GMP operations starting in 2022; process development labs were set to open in May 2021. Innoforce aims to build an ecosystem for innovative product development companies, providing end-to-end support. |
Who has invested in Innoforce Pharmaceuticals?
9 investors have backed Innoforce Pharmaceuticals across its funding rounds, including Quan Capital, South China Venture Capital, CICC, Advantech Capital, TriWise Capital and Yanchuang Capital.
Lead investors include South China Venture Capital and Yanchuang Capital.
Innoforce Pharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| -- | 1 | Participant | Dec 2021 | |
This data is available for Pro users. Sign up to see all 9 Innoforce Pharmaceuticals investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInnoforce Pharmaceuticals Competitors
Innoforce Pharmaceuticals 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 |
Innoforce Pharmaceuticals Public Comps
Innoforce Pharmaceuticals 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 Innoforce Pharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Innoforce Pharmaceuticals
| When was Innoforce Pharmaceuticals founded? | Innoforce Pharmaceuticals was founded in 2018. |
| Where is Innoforce Pharmaceuticals headquartered? | Innoforce Pharmaceuticals is headquartered in Hangzhou, China. |
| Is Innoforce Pharmaceuticals publicly listed? | No, Innoforce Pharmaceuticals is a private, VC-backed company. |
| How much funding has Innoforce Pharmaceuticals raised? | Innoforce Pharmaceuticals has raised $155M across 2 funding rounds. |
| What was Innoforce Pharmaceuticals' last funding round? | Innoforce Pharmaceuticals' last funding round was a $59M Series A in December 2021, led by South China Venture Capital and Yanchuang Capital. |
| Who are Innoforce Pharmaceuticals' investors? | Innoforce Pharmaceuticals' investors include South China Venture Capital, Quan Capital, China Highrun Capital Limited, Advantech Capital, S&G CAPITAL, CICC, Euland Venture, Yanchuang Capital and TriWise Capital. |
| Which companies are comparable to Innoforce Pharmaceuticals? | Companies comparable to Innoforce Pharmaceuticals include Lonza Group, BioRay Pharmaceuticals, Belief BioMed, Letu, Sonoma Biotherapeutics and Eli Lilly. |
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