Letu Valuation, Funding & Investors

Letu is valued at $1.1B as of November 2020.

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Last Letu valuation

$1.1B

Series A · Nov 2020

Last Letu funding round

$30M

Series A · Nov 2020

Cumulative funding Letu raised

$30M

across 1 funding round

Key investors in Letu

  • CICC Capital

Letu Overview

About Letu

Letu is a drug research and development manufacturer building a precision medicine ecosystem encompassing biological drugs, intelligent manufacturing, genetic testing, and medical services in China.


Founded

2016

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.1B (Nov 2020)

Letu Valuation

Letu is currently valued at $1.1B, based on its Series A in November 2020.

The $30M round was led by CICC Capital.

Letu valuation by funding round

Letu valuation by funding round
DateStageValuation
Nov 2020Series A$1.1B

Letu Funding History

Letu has raised a total of $30M across 1 funding round.

Letu funding rounds

Letu funding rounds
DateStageInvestorsRaisedValuation
Nov 2020Series ACICC Capital (lead)$30M$1.1B

Who has invested in Letu?

1 investor has backed Letu across its funding rounds, including CICC Capital.

Lead investors include CICC Capital.


Letu Investors

Investors in Letu by funding rounds participated
InvestorHQRoundsRoleFirst check

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Letu Competitors

Letu competitors include listed companies like Viyash Scientific and Akums Drugs and Pharma, and private ones like Belief BioMed, BDR Pharma, Sonoma Biotherapeutics and BioRay Pharmaceuticals.

Public and private companies comparable to Letu
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Viyash ScientificIndiaIndiaPublicly listed$353M$67M$1B2.7x
Akums Drugs and PharmaIndiaIndiaPublicly listed$447M$54M$1.2B2.1x
Belief BioMedChinaShanghaiPrivate--$1.3B-
BDR PharmaIndiaMumbaiPrivate$155M$52M$949M6.1x
Sonoma BiotherapeuticsUnited StatesSan Francisco, CAPrivate--$732M-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Chengdu Easton$200M$57M4.3x4.2x15.1x14.2x
Immatics$54M($226M)12.3x14.8x(2.9x)(2.5x)
TOWA Pharmaceutical$1.7B$241M1.3x1.2x9.5x7.3x
HBM Holdings$158M$86M5.1x3.7x9.4x8.4x
InventisBio$6M($49M)157.5x51.5x(18.0x)(20.5x)
SpyGlass Pharma-($42M)--(20.0x)(12.1x)
Vetoquinol$588M$124M1.5x1.4x6.9x6.7x
Jiangxi Fushine Pharma$178M$25M6.8x3.9x49.7x9.9x

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Common questions about Letu

When was Letu founded?Letu was founded in 2016.
Where is Letu headquartered?Letu is headquartered in Shenzhen, China.
Is Letu publicly listed?No, Letu is a private, VC-backed company.
What is Letu's valuation?Letu was last valued at $1.1B in its Series A in November 2020.
How much funding has Letu raised?Letu has raised $30M across 1 funding round.
What was Letu's last funding round?Letu's last funding round was a $30M Series A in November 2020, led by CICC Capital.
Who are Letu's investors?Letu's investors include CICC Capital.
Which companies are comparable to Letu?Companies comparable to Letu include Viyash Scientific, Akums Drugs and Pharma, Belief BioMed, BDR Pharma, Sonoma Biotherapeutics and BioRay Pharmaceuticals.

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