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

Porton Advanced Solutions Overview

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

ChinaSuzhou

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

Porton Advanced Solutions funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2022Series BChina 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$80MPorton 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 2021Series AGL 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

Investors in Porton Advanced Solutions by funding rounds participated
InvestorHQRoundsRoleFirst check
China Merchants Venture CapitalChinaShenzhen1ParticipantAug 2022
GL Ventures LLCChinaBeijing1ParticipantApr 2021
Ruilin InvestmentChinaShenzhen1ParticipantAug 2022
Huatai RuilianChinaBeijing1ParticipantApr 2021
HM CapitalUnited StatesDallas, TX1ParticipantAug 2022
SDICTK--1ParticipantAug 2022
Huimei CapitalChinaBeijing1ParticipantApr 2021
China Merchants GroupHong KongHong Kong1ParticipantAug 2022
Gortune InvestmentChinaGuangzhou1ParticipantAug 2022
CS CapitalChinaShanghai1ParticipantAug 2022
China Merchants HealthChinaShenzhen1LeadAug 2022
Porton Pharma SolutionsChinaChongqing1ParticipantAug 2022
Fosun CapitalChinaShanghai1ParticipantAug 2022

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Porton 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.

Public and private companies comparable to Porton Advanced Solutions
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Merck KGaAGermanyGermanyPublicly listed$24B$5.3B$66B3.1x
Lonza GroupSwitzerlandSwitzerlandPublicly listed$7.9B$2.5B$46B5.9x
Wuxi XDCChinaChinaPublicly listed$887M$256M$12B10.5x
Sinovac Life SciencesChinaBeijingPrivate--$3.3B-
BioRay PharmaceuticalsChinaShanghaiPrivate$131M-$1.9B14.5x
Aragen Life SciencesIndiaHyderabadPrivate$179M$48M$1.4B7.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.1x14.7x21.0x
Roche$77B$26B4.9x4.9x14.5x12.2x
Novartis$57B$22B5.4x5.4x14.0x13.2x
AstraZeneca$59B$19B4.9x4.6x14.9x12.9x
Amgen$37B$17B6.9x6.6x15.0x14.6x

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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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