NovoCodex Funding, Investors & Competitors

NovoCodex has raised $121M across 2 funding rounds, most recently a $59M Series B in July 2022.

Last NovoCodex funding round

$59M

Series B · Jul 2022

Cumulative funding NovoCodex raised

$121M

across 2 funding rounds

Key investors in NovoCodex

  • Matrix Partners China
  • Lilly Asia Ventures
  • CMG-SDIC Capital Management
  • SDIC Capital
  • Advanced Manufacturing Industry Investment Fund
  • Runtu Touzi

NovoCodex Overview

About NovoCodex

NovoCodex is a Tianjin-based biopharmaceutical firm developing biologics and antibody-drug conjugates. Located in Binhai New City Science Park, it operates labs for genetic engineering, cell culture, and preclinical trials. The company advances toxin-based therapies for oncology, with GMP facilities supporting clinical batches for Chinese and U.S. trials.


Founded

2015

HQ

ChinaHandan

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

NovoCodex Funding History

NovoCodex has raised a total of $121M across 2 funding rounds.

NovoCodex's first fundraising round was a $61M Series A in March 2021. The most recent completed round was a $59M Series B in July 2022.

NovoCodex funding rounds

NovoCodex funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2022Series BRuntu Touzi; Advanced Manufacturing Industry Investment Fund; SDIC Capital$59M-
Mar 2021Series ALilly Asia Ventures (lead); Matrix Partners China (lead); CMG-SDIC Capital Management$61MNovoCodex Biopharmaceuticals is a biopharma company focused on developing antibody-drug conjugates (ADCs) and other therapeutics, including collaborations with Ambrx on ARX305 for CD70-positive cancers and ARX788 for HER2-positive gastric cancer, with trials like ACE-Gastric-02 initiated in 2021. On March 19, 2021, it completed a Series A funding round with lead investors Lilly Asia Ventures and Matrix Partners China, alongside CMG-SDIC Capital Management. This followed a Seed round on June 21, 2017, and preceded a Series B round of $59.34M on July 5, 2022, led by similar investors including Lilly Asia Ventures and SDIC CMC Investment Management, bringing total funding to $120.84M over three rounds from 11 investors.

Who has invested in NovoCodex?

6 investors have backed NovoCodex across its funding rounds, including Matrix Partners China, Lilly Asia Ventures, CMG-SDIC Capital Management, SDIC Capital, Advanced Manufacturing Industry Investment Fund and Runtu Touzi.

Lead investors include Lilly Asia Ventures and Matrix Partners China.


NovoCodex Investors

Investors in NovoCodex by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing1LeadMar 2021
CMG-SDIC Capital ManagementChinaBeijing1ParticipantMar 2021
Runtu TouziChinaShenzhen1ParticipantJul 2022
Advanced Manufacturing Industry Investment FundChinaShanghai1ParticipantJul 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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NovoCodex Competitors

NovoCodex competitors include listed companies like Lonza Group and Laurus Labs, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and BDR Pharma.

Public and private companies comparable to NovoCodex
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lonza GroupSwitzerlandSwitzerlandPublicly listed$8B$2.5B$57B7.1x
Laurus LabsIndiaIndiaPublicly listed$714M$193M$13B16.1x
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Belief BioMedChinaShanghaiPrivate--$1.3B-
LetuChinaShenzhenPrivate--$1.1B-
BDR PharmaIndiaMumbaiPrivate$155M$52M$949M6.1x

NovoCodex Public Comps

NovoCodex is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Roche, Merck, Novartis, AstraZeneca, Amgen, Gilead Sciences and Novo Nordisk.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B19.2x14.3x45.1x30.1x
Johnson & Johnson$94B$40B7.4x6.9x17.3x18.8x
AbbVie$61B$17B9.6x8.8x33.7x18.6x
Roche$78B$26B5.3x5.3x15.7x13.3x
Merck$65B$28B6.2x6.1x14.5x23.0x
Novartis$57B$22B6.1x6.1x15.9x14.8x
AstraZeneca$59B$19B5.4x5.1x16.5x14.2x
Amgen$37B$17B7.9x7.4x17.3x16.5x

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Common questions about NovoCodex

When was NovoCodex founded?NovoCodex was founded in 2015.
Where is NovoCodex headquartered?NovoCodex is headquartered in Handan, China.
Is NovoCodex publicly listed?No, NovoCodex is a private, VC-backed company.
How much funding has NovoCodex raised?NovoCodex has raised $121M across 2 funding rounds.
What was NovoCodex's last funding round?NovoCodex's last funding round was a $59M Series B in July 2022.
Who are NovoCodex's investors?NovoCodex's investors include Matrix Partners China, CMG-SDIC Capital Management, Runtu Touzi, Advanced Manufacturing Industry Investment Fund, SDIC Capital and Lilly Asia Ventures.
Which companies are comparable to NovoCodex?Companies comparable to NovoCodex include Lonza Group, Laurus Labs, BioRay Pharmaceuticals, Belief BioMed, Letu and BDR Pharma.

See companies similar to NovoCodex

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