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- Medilink Therapeutics
Medilink Therapeutics Valuation, Funding & Investors
Medilink Therapeutics is valued at $421M as of March 2022.
Last Medilink Therapeutics valuation
$421M
Series B · Mar 2022
Last Medilink Therapeutics funding round
$70M
Series B · Mar 2022
Cumulative funding Medilink Therapeutics raised
$120M
across 2 funding rounds
Key investors in Medilink Therapeutics
Qiming Venture Partners
Loyal Valley Capital
Legend Capital
Highlight Capital
LYFE Capital
Apricot Capital
Medilink Therapeutics Overview
About Medilink Therapeutics
Medilink Therapeutics is a Suzhou, China-headquartered biopharma focused on antibody-drug conjugates for solid tumors like breast and lung cancers. Its lead candidate YL201 targets HER3 and entered phase 1 trials in 2023. Founded in 2019, the company conducts multicenter studies in China and the United States with partnerships to Merck KGaA.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$421M (Mar 2022)
Sectors
Medilink Therapeutics Valuation
Medilink Therapeutics is currently valued at $421M, based on its Series B in March 2022.
The $70M round was led by LYFE Capital and Qiming Venture Partners, with participation from Highlight Capital, Loyal Valley Capital and Legend Capital.
Medilink Therapeutics' valuation has grown 1.1x from $400M at its Series A in March 2021 to $421M in March 2022, across 2 priced rounds.
Medilink Therapeutics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series B | $421M |
| Mar 2021 | Series A | $400M |
Medilink Therapeutics Funding History
Medilink Therapeutics has raised a total of $120M across 2 funding rounds.
Medilink Therapeutics' first fundraising round was a $50M Series A in March 2021. The most recent completed round was a $70M Series B in March 2022.
Medilink Therapeutics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series B | LYFE Capital (lead); Qiming Venture Partners (lead); Highlight Capital; Loyal Valley Capital; Legend Capital | $70M | $421M | MediLink Therapeutics (Suzhou) Co., Ltd., founded in 2020 by Dr. Xue Tongtong in Suzhou, Jiangsu province, is a global biopharmaceutical company focused on developing internationally competitive antibody-drug conjugates (ADCs) and related technologies, including next-generation ADC pipelines and novel conjugated drugs. The company completed a US$70 million Series B financing on March 14, 2022, led by LYFE Capital and Qiming Venture Partners, with participation from Legend Capital, Loyal Valley Capital, and Highlight Capital (HLC). This followed a Series A financing of $50 million, with Qiming Venture Partners as an existing investor continuing support. The funds are designated for advancing clinical development of MediLink's ADC pipeline and early-stage discovery of novel conjugated drugs, aiming to accelerate global patient access to innovative therapies addressing unmet medical needs. Investors highlighted MediLink's differentiated technologies, solid technology accumulation, efficient execution, and strong positioning in the international conjugated drug market, particularly in the high-potential ADC segment. LYFE Capital emphasized its commitment to global medical innovation, while Qiming Venture Partners noted the team's clear strategy. MediLink operates in the competitive biotech space targeting ADCs, a focus area for multiple VCs in China during Q1 2022, alongside other healthcare investments like Virtue Diagnostics and TYK Medicines. The company continues to attract top-tier investors, with Qiming managing $6.2 billion in assets across TMT and healthcare. |
| Mar 2021 | Series A | Apricot Capital (lead); Loyal Valley Capital (lead); Qiming Venture Partners (lead) | $50M | $400M | Medilink Therapeutics, founded in 2020 and based in Suzhou, China, is a global biotech company specializing in next-generation antibody-drug conjugates (ADCs), focusing on innovative linker-payload technologies and a pipeline addressing unmet needs in cancer treatment. The company raised $50 million in a Series A financing announced on March 1, 2021, structured as a Series A1 round led by Apricot Capital and a Series A2 round co-led by Loyal Valley Capital and Qiming Venture Partners. The funds were intended to accelerate R&D of its conjugate technology platform and pipeline development. The company highlighted its team's expertise in ADC technology, aiming to develop more efficacious and safer drugs amid recent field breakthroughs. Medilink emphasized rapid progress in projects, external collaborations, and team building since founding. Subsequent developments include a $70 million Series B in March 2022 led by LYFE Capital and Qiming Venture Partners, with participation from Legend Capital, Loyal Valley Capital, and others, to support clinical advancement of its ADC pipeline, including an IND submission to the FDA. The company has pursued international collaborations and initiated Phase I trials for its lead program YL201 in China and the US post-Series A, positioning itself as a leader in ADC innovation through proprietary platforms. |
Who has invested in Medilink Therapeutics?
6 investors have backed Medilink Therapeutics across its funding rounds, including Qiming Venture Partners, Loyal Valley Capital, Legend Capital, Highlight Capital, LYFE Capital and Apricot Capital.
Lead investors include LYFE Capital, Qiming Venture Partners, Apricot Capital and Loyal Valley Capital.
Medilink Therapeutics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMedilink Therapeutics Competitors
Medilink Therapeutics competitors include listed companies like Atea Pharmaceuticals, C4 Therapeutics, Renata and Editas Medicine, and private ones like Peptilogics and Biocytogen.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $420M | - | ||
| Publicly listed | - | ($180M) | $422M | - | ||
| Publicly listed | $36M | ($113M) | $420M | 7.8x | ||
| Publicly listed | $348M | $48M | $422M | 1.5x | ||
| Private | - | - | $425M | - | ||
| Publicly listed | $41M | ($157M) | $417M | 7.3x |
Medilink Therapeutics Public Comps
Medilink Therapeutics is still privately-owned, but its public comps include Atea Pharmaceuticals, C4 Therapeutics, Renata, Editas Medicine, Zhejiang Shouxiangu, ARS Pharmaceuticals, Artiva Biotherapeutics, Nika Pharmaceuticals, Prothena Corp. and Kyverna Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($180M) | - | - | (1.1x) | (1.1x) | |||
| $36M | ($113M) | 6.2x | 7.8x | (2.0x) | - | |||
| $348M | $48M | 1.6x | 1.5x | 11.9x | - | |||
| $41M | ($157M) | 5.5x | 7.3x | (1.4x) | (1.9x) | |||
| $95M | $30M | 3.7x | 3.8x | 11.7x | - | |||
| $84M | ($179M) | 4.3x | 3.1x | (2.0x) | - | |||
| - | ($87M) | - | - | (0.8x) | - | |||
| - | ($76K) | - | - | (5627.2x) | - | |||
This data is available for Pro users. Sign up to see all Medilink Therapeutics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Medilink Therapeutics
| When was Medilink Therapeutics founded? | Medilink Therapeutics was founded in 2020. |
| Where is Medilink Therapeutics headquartered? | Medilink Therapeutics is headquartered in Suzhou, China. |
| Is Medilink Therapeutics publicly listed? | No, Medilink Therapeutics is a private, VC-backed company. |
| What is Medilink Therapeutics' valuation? | Medilink Therapeutics was last valued at $421M in its Series B in March 2022. |
| How much funding has Medilink Therapeutics raised? | Medilink Therapeutics has raised $120M across 2 funding rounds. |
| What was Medilink Therapeutics' last funding round? | Medilink Therapeutics' last funding round was a $70M Series B in March 2022, led by LYFE Capital and Qiming Venture Partners. |
| Who are Medilink Therapeutics' investors? | Medilink Therapeutics' investors include Qiming Venture Partners, Loyal Valley Capital, Apricot Capital, Highlight Capital, LYFE Capital and Legend Capital. |
| Which companies are comparable to Medilink Therapeutics? | Companies comparable to Medilink Therapeutics include Peptilogics, Atea Pharmaceuticals, C4 Therapeutics, Renata, Biocytogen and Editas Medicine. |
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