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- NovoCodex
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2022 | Series B | Runtu Touzi; Advanced Manufacturing Industry Investment Fund; SDIC Capital | $59M | - |
| Mar 2021 | Series A | Lilly Asia Ventures (lead); Matrix Partners China (lead); CMG-SDIC Capital Management | $61M | NovoCodex 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Jul 2022 | ||
| 1 | Participant | Jul 2022 | ||
This data is available for Pro users. Sign up to see all 6 NovoCodex investors. Start Free Trial | ||||
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 TrialNovoCodex Competitors
NovoCodex competitors include listed companies like Lonza Group and Laurus Labs, and private ones like BioRay Pharmaceuticals, Belief BioMed, Letu and BDR Pharma.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $8B | $2.5B | $57B | 7.1x | ||
| Publicly listed | $714M | $193M | $13B | 16.1x | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | $155M | $52M | $949M | 6.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 19.2x | 14.3x | 45.1x | 30.1x | |||
| $94B | $40B | 7.4x | 6.9x | 17.3x | 18.8x | |||
| $61B | $17B | 9.6x | 8.8x | 33.7x | 18.6x | |||
| $78B | $26B | 5.3x | 5.3x | 15.7x | 13.3x | |||
| $65B | $28B | 6.2x | 6.1x | 14.5x | 23.0x | |||
| $57B | $22B | 6.1x | 6.1x | 15.9x | 14.8x | |||
| $59B | $19B | 5.4x | 5.1x | 16.5x | 14.2x | |||
| $37B | $17B | 7.9x | 7.4x | 17.3x | 16.5x | |||
This data is available for Pro users. Sign up to see all NovoCodex competitors and their valuation data. Start Free Trial | ||||||||
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. |
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