LYNK Pharmaceuticals Valuation, Funding & Investors

LYNK Pharmaceuticals is valued at $496M as of September 2023.

Last LYNK Pharmaceuticals valuation

$496M

Series C · Sep 2023

Last LYNK Pharmaceuticals funding round

$17M

Series C · Sep 2023

Cumulative funding LYNK Pharmaceuticals raised

$125M

across 5 funding rounds

Key investors in LYNK Pharmaceuticals

  • Legend Capital
  • Lilly Asia Ventures
  • New Alliance Capital
  • Med-Fine Capital
  • Prosperity Investment
  • Zhongjin Shengshi Investment

LYNK Pharmaceuticals Overview

About LYNK Pharmaceuticals

LYNK Pharmaceuticals is a Hangzhou, Zhejiang-headquartered biotechnology firm founded in 2018, focused on discovering and developing novel small-molecule drugs targeting oncology, immunology, and inflammatory diseases.


Founded

2018

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$496M (Sep 2023)

LYNK Pharmaceuticals Valuation

LYNK Pharmaceuticals is currently valued at $496M, based on its Series C in September 2023.

The $17M round included Zhongjin Shengshi Investment, Prosperity Investment, Haomai Fund of Funds, New Alliance Capital, Howbuy Primary Fund and 3 other investors.

LYNK Pharmaceuticals valuation by funding round

LYNK Pharmaceuticals valuation by funding round
DateStageValuation
Sep 2023Series C$496M

LYNK Pharmaceuticals Funding History

LYNK Pharmaceuticals has raised a total of $125M across 5 funding rounds.

LYNK Pharmaceuticals' first fundraising round was a $10M angel round in March 2018. The most recent completed round was a $17M Series C in September 2023.

LYNK Pharmaceuticals funding rounds

LYNK Pharmaceuticals funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2023Series CZhongjin Shengshi Investment; Prosperity Investment; Haomai Fund of Funds; New Alliance Capital; Howbuy Primary Fund; Lilly Asia Ventures; Haibang Capital; Lianxing Capital$17M$496MLynk Pharmaceuticals develops treatments in the autoimmune disease space. The company completed its Series C round in 2023 in two tranches, raising RMB 322 million total, achieving a pre-money valuation of RMB 3.1 billion and post-money valuation of RMB 3.422 billion. Investors included Eli Lilly and Co's Asian Fund, along with Haibang Ventures, Howbuy, New Alliance Capital, and others. Prior financings raised over RMB 1 billion from institutions like Legend Capital and Shengshi Investment. The Series C - II tranche occurred on September 21, 2023, matching the listed investors such as Haibang Capital, Haomai Fund of Funds, Howbuy Primary Fund, Lianxing Capital, Lilly Asia Ventures, New Alliance Capital, Prosperity Investment, and Zhongjin Shengshi Investment. The company remained in pre-commercialization with no product sales revenue at that time. Financials showed other income of RMB 20.573 million for the first three quarters of 2023 from collaboration licensing and R&D services, alongside net losses of RMB 260 million. Cumulative losses reached RMB 717 million by late 2023, expanding due to R&D on LNK01001 Phase III trials. By September 30, 2025, accumulated losses hit RMB 1.1033 billion with other income at RMB 54.78 million for the first three quarters.
May 2023Series CZhongjin Shengshi Investment; Tairong Capital; Prosperity Investment; Liando Investment$29M-Lynk Pharmaceuticals, founded in 2018 and headquartered in Hangzhou, China, is a clinical-stage biopharmaceutical company focused on developing first-in-class (FIC) and best-in-class (BIC) small molecule drugs for oncology, autoimmune, and inflammatory diseases. The company was established by experienced drug hunters from Pfizer, Merck, and Johnson & Johnson, emphasizing innovation in highly selective second-generation and tissue-restricted third-generation JAK inhibitors, as well as novel targets. Its pipeline includes four Phase II clinical trials across multiple indications like rheumatoid arthritis, atopic dermatitis, and ankylosing spondylitis, with some programs advancing toward Phase III. On May 31, 2023, Lynk Pharmaceuticals completed a CNY 200 million Series C1 financing round, jointly led by China Grand Prosperity Investment (盛世投资), Tailong Capital (泰珑投资), and Liando Investment (联东投资), matching the specified investors. HaoYue Capital served as the exclusive financial advisor. The proceeds are designated to accelerate the clinical development of core products, strengthening R&D in autoimmune and oncology areas, expanding the team, and advancing technology platforms. At the time of the round, Lynk had promising Phase II data and was preparing for potential Phase III entries, with additional candidates like LNK01002, LNK01003, and LNK01004 showing positive preclinical and early clinical results. The company targets significant unmet needs in autoimmune diseases, the second-largest therapeutic area after oncology, and positions itself for global commercialization. This C1 round was followed by a Series C2 financing on September 21, 2023, from investors including Shaoxing Binhai New Area Biomedical Industry Equity Investment Fund (managed by China Grand Prosperity Investment), Haibang Venture, Howbuy Primary Fund, and follow-on from New Alliance Capital and Lilly Asia Ventures (LAV), bringing total C-round funding to CNY 322 million.
Aug 2021Series BLilly Asia Ventures (lead); Med-Fine Capital; New Alliance Capital; Legend Capital; HEDA Ventures$50M-LYNK Pharmaceuticals, a China-based biopharmaceutical company founded in 2018, develops small molecule drugs targeting autoimmune and inflammatory diseases as well as cancers. The company received Investigational New Drug (IND) approval for three drug candidates in China and the United States as of the Series B round. Prior to Series B, LYNK raised nearly $20M in a Series A-plus round from Legend Capital in November 2020, following an initial Series A of tens of millions led by Decheng Capital with Kaitai Capital, Med-Fine Capital, and Zheshang Innovest, and an angel round backed by Sinopharm Capital, Kaitai Capital, and Med-Fine Capital. On or around August 27, 2021, LYNK completed a $50M Series B financing round led by Lilly Asia Ventures (LAV), with participation from HEDA Ventures (Hangzhou Heda Biological Medicine Venture Capital Partnership), Legend Capital, Med-Fine Capital, and New Alliance Capital. The proceeds are designated for advancing phase 1 and 2 clinical trials of its product candidates, international expansion, and forming cross-border alliances to support its preclinical pipeline. LAV's vice president Ting Feng highlighted the management team's execution, global vision, and the significant market potential in autoimmune diseases and cancer.
Nov 2020Series ALegend Capital (lead)$20M--
Mar 2018AngelKaitai Capital (lead); Sinopharm Capital; Med-Fine Capital$10M--

Who has invested in LYNK Pharmaceuticals?

15 investors have backed LYNK Pharmaceuticals across its funding rounds, including Legend Capital, Lilly Asia Ventures, New Alliance Capital, Med-Fine Capital, Prosperity Investment and Zhongjin Shengshi Investment.

Lead investors include Lilly Asia Ventures, Legend Capital and Kaitai Capital.


LYNK Pharmaceuticals Investors

Investors in LYNK Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check
Zhongjin Shengshi InvestmentChinaBeijing2ParticipantMay 2023
Prosperity InvestmentChinaBeijing2ParticipantMay 2023
Med-Fine CapitalChinaShanghai2ParticipantMar 2018
New Alliance CapitalChinaShanghai2ParticipantAug 2021
Lilly Asia VenturesChinaShanghai2LeadAug 2021
Legend CapitalChinaBeijing2LeadNov 2020
Sinopharm CapitalChinaShanghai1ParticipantMar 2018
Tairong CapitalChinaChina1ParticipantMay 2023
Kaitai CapitalChinaHangzhou1LeadMar 2018
Haomai Fund of FundsChinaChina1ParticipantSep 2023
Howbuy Primary FundChinaBeijing1ParticipantSep 2023
Liando InvestmentUnited KingdomLondon1ParticipantMay 2023
Haibang CapitalChinaHangzhou1ParticipantSep 2023

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LYNK Pharmaceuticals Competitors

LYNK Pharmaceuticals competitors include listed companies like Contineum Therapeutics, Avacta Group, Onconic Therapeutics and Boiron, and private ones like Immvira and Juvenescence.

Public and private companies comparable to LYNK Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Contineum TherapeuticsUnited StatesUnited StatesPublicly listed-($68M)$497M74.7x
Avacta GroupUnited KingdomUnited KingdomPublicly listed$152K($38M)$495M184.3x
Onconic TherapeuticsSouth KoreaSouth KoreaPublicly listed$39M$9M$500M-
BoironFranceFrancePublicly listed$577M$83M$500M-
ImmviraChinaShenzhenPrivate--$500M-
JuvenescenceIsle of ManDouglasPrivate--$500M-

LYNK Pharmaceuticals Public Comps

LYNK Pharmaceuticals is still privately-owned, but its public comps include Contineum Therapeutics, Avacta Group, Onconic Therapeutics, Boiron, Puma Biotechnology, Kamada, Ever Supreme Bio Technology, TransThera Sciences, Pharmicell and Vogenx.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Contineum Therapeutics-($68M)-74.7x(3.9x)(3.7x)
Avacta Group$152K($38M)3242.0x184.3x(13.0x)(14.4x)
Onconic Therapeutics$39M$9M11.7x-48.5x-
Boiron$577M$83M0.8x-5.3x-
Puma Biotechnology$228M$49M1.8x2.0x8.2x-
Kamada$180M$37M2.5x2.3x11.9x9.2x
Ever Supreme Bio Technology$32M$16M14.9x14.6x29.1x-
TransThera Sciences-($44M)--(9.5x)-

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Common questions about LYNK Pharmaceuticals

When was LYNK Pharmaceuticals founded?LYNK Pharmaceuticals was founded in 2018.
Where is LYNK Pharmaceuticals headquartered?LYNK Pharmaceuticals is headquartered in Hangzhou, China.
Is LYNK Pharmaceuticals publicly listed?No, LYNK Pharmaceuticals is a private, VC-backed company.
What is LYNK Pharmaceuticals' valuation?LYNK Pharmaceuticals was last valued at $496M in its Series C in September 2023.
How much funding has LYNK Pharmaceuticals raised?LYNK Pharmaceuticals has raised $125M across 5 funding rounds.
What was LYNK Pharmaceuticals' last funding round?LYNK Pharmaceuticals' last funding round was a $17M Series C in September 2023.
Who are LYNK Pharmaceuticals' investors?LYNK Pharmaceuticals' investors include Zhongjin Shengshi Investment, Prosperity Investment, Med-Fine Capital, New Alliance Capital, Lilly Asia Ventures, Legend Capital, Sinopharm Capital, Tairong Capital, Kaitai Capital, Haomai Fund of Funds and 5 others.
Which companies are comparable to LYNK Pharmaceuticals?Companies comparable to LYNK Pharmaceuticals include Contineum Therapeutics, Avacta Group, Onconic Therapeutics, Boiron, Immvira and Juvenescence.

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