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- Porton Advanced Solutions
Porton Advanced Solutions Funding, Investors & Competitors
Porton Advanced Solutions has raised $141M across 2 funding rounds, most recently a $80M Series B in August 2022.
Last Porton Advanced Solutions funding round
$80M
Series B · Aug 2022
Cumulative funding Porton Advanced Solutions raised
$141M
across 2 funding rounds
Key investors in Porton Advanced Solutions
China Merchants Venture Capital
GL Ventures LLC
Fosun Capital
China Merchants Securities
China Coal Xinji Energy
Huimei Capital
China Merchants Group
CS Capital
About Porton Advanced Solutions
Porton Advanced Solutions is a contract development and manufacturing organization specializing in cell and gene therapies. Based in the UK with facilities in China, the company offers process development, analytical methods, GMP production, and quality testing from preclinical to commercial stages. Porton Advanced Solutions supports viral vectors, CAR-T cells, and stem cell modalities for biotech clients.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Porton Advanced Solutions Funding History
Porton Advanced Solutions has raised a total of $141M across 2 funding rounds.
Porton Advanced Solutions' first fundraising round was a $61M Series A in April 2021. The most recent completed round was a $80M Series B in August 2022.
Porton Advanced Solutions funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2022 | Series B | China Merchants Health (lead); China Merchants Venture Capital; Ruilin Investment; HM Capital; SDICTK; China Merchants Group; Gortune Investment; CS Capital; Porton Pharma Solutions; Fosun Capital; China Merchants Securities | $80M | Porton Advanced Solutions is a China-based provider of gene and cell therapy (GCT) CDMO services, offering an integrated platform covering plasmids, cell and gene therapy, oncolytic virus, nucleic acid therapy, and microbial vectors. The company operates a 40,000 sqft R&D and GMP facility that has been in operation for over two years, delivering plasmids, viruses, and cell batches, and planned a 160,000 sqft commercial production facility by end-2022, plus over 200,000 sqft for cell therapy PD, AD, and GMP manufacturing. On August 19, 2022, it closed a Series B financing round raising over US$80 million at a valuation of US$80 million, led by China Merchants Health (healthcare PE fund of China Merchants Group), with participation from China Merchants Capital, China Merchants Securities Investments, Fosun Capital (or Fosun Health Capital), Gortune Investment, SDICTK, and others matching the query investors. The funds aim to expand its end-to-end GCT CDMO platforms to serve global cell and gene therapy companies. |
| Apr 2021 | Series A | GL Ventures LLC; Huatai Ruilian; Huimei Capital; China Coal Xinji Energy | $61M | - |
Who has invested in Porton Advanced Solutions?
15 investors have backed Porton Advanced Solutions across its funding rounds, including China Merchants Venture Capital, GL Ventures LLC, Fosun Capital, China Merchants Securities, China Coal Xinji Energy and Huimei Capital.
Lead investors include China Merchants Health.
Porton Advanced Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Aug 2022 | ||
| -- | 1 | Participant | Aug 2022 | |
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
This data is available for Pro users. Sign up to see all 15 Porton Advanced Solutions 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 TrialPorton Advanced Solutions Competitors
Porton Advanced Solutions competitors include listed companies like Merck KGaA, Lonza Group and Wuxi XDC, and private ones like Sinovac Life Sciences, BioRay Pharmaceuticals and Aragen Life Sciences.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Publicly listed | $7.9B | $2.5B | $46B | 5.9x | ||
| Publicly listed | $887M | $256M | $12B | 10.5x | ||
| Private | - | - | $3.3B | - | ||
| Private | $131M | - | $1.9B | 14.5x | ||
| Private | $179M | $48M | $1.4B | 7.8x |
Porton Advanced Solutions Public Comps
Porton Advanced Solutions is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.1x | 14.7x | 21.0x | |||
| $77B | $26B | 4.9x | 4.9x | 14.5x | 12.2x | |||
| $57B | $22B | 5.4x | 5.4x | 14.0x | 13.2x | |||
| $59B | $19B | 4.9x | 4.6x | 14.9x | 12.9x | |||
| $37B | $17B | 6.9x | 6.6x | 15.0x | 14.6x | |||
This data is available for Pro users. Sign up to see all Porton Advanced Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Porton Advanced Solutions
| When was Porton Advanced Solutions founded? | Porton Advanced Solutions was founded in 2018. |
| Where is Porton Advanced Solutions headquartered? | Porton Advanced Solutions is headquartered in Suzhou, China. |
| Is Porton Advanced Solutions publicly listed? | No, Porton Advanced Solutions is a private, VC-backed company. |
| How much funding has Porton Advanced Solutions raised? | Porton Advanced Solutions has raised $141M across 2 funding rounds. |
| What was Porton Advanced Solutions' last funding round? | Porton Advanced Solutions' last funding round was a $80M Series B in August 2022, led by China Merchants Health. |
| Who are Porton Advanced Solutions' investors? | Porton Advanced Solutions' investors include China Merchants Venture Capital, GL Ventures LLC, Ruilin Investment, Huatai Ruilian, HM Capital, SDICTK, Huimei Capital, China Merchants Group, Gortune Investment, CS Capital and 5 others. |
| Which companies are comparable to Porton Advanced Solutions? | Companies comparable to Porton Advanced Solutions include Merck KGaA, Lonza Group, Wuxi XDC, Sinovac Life Sciences, BioRay Pharmaceuticals and Aragen Life Sciences. |
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