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- Readline
Readline Valuation, Funding & Investors
Readline is valued at $316M as of December 2022.
Last Readline valuation
$316M
Series B · Dec 2022
Last Readline funding round
$69M
Series C · Feb 2025
Cumulative funding Readline raised
$127M
across 3 funding rounds
Key investors in Readline
Oriental Fortune Capital
Green Pine Capital Partners
Co-Stone Venture Capital
Leaguer Group
Hunan Xingxiang Investment
Caixin Industry Fund
About Readline
Readline is a Shenzhen-headquartered biopharmaceutical firm pioneering enzyme-directed evolution for green manufacturing of active pharmaceutical ingredients. Specializing in peptides, carbohydrates, and nucleic acids, it supplies intermediates for medicines, cosmetics, animal feed, and biological pesticides, emphasizing sustainable production processes at industrial scale.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$316M (Dec 2022)
Readline Valuation
Readline is currently valued at $316M, based on its Series B in December 2022.
The $43M round was led by Co-Stone Venture Capital, with participation from Oriental Fortune Capital, Caixin Industry Fund, Kaiyuan Finance, Xinshang Capital, Gree Global and 2 other investors.
Readline valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series B | $316M |
Readline Funding History
Readline has raised a total of $127M across 3 funding rounds.
Readline's first fundraising round was a $15M Series A in December 2020. The most recent completed round was a $69M Series C in February 2025.
Readline funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Feb 2025 | Series C | Hunan Xingxiang Investment; Co-Stone Venture Capital; Gansu State Investment; Green Pine Capital Partners | $69M | - |
| Dec 2022 | Series B | Co-Stone Venture Capital (lead); Oriental Fortune Capital; Caixin Industry Fund; Kaiyuan Finance; Xinshang Capital; Gree Global; Green Pine Capital Partners; Jinhang Industry Investment | $43M | $316M |
| Dec 2020 | Series A | Leaguer Group (lead); Oriental Fortune Capital (lead); Hongfu Ruiying; Deepshire Investment Management; Qingdao Dezhen | $15M | - |
Who has invested in Readline?
14 investors have backed Readline across its funding rounds, including Oriental Fortune Capital, Green Pine Capital Partners, Co-Stone Venture Capital, Leaguer Group, Hunan Xingxiang Investment and Caixin Industry Fund.
Lead investors include Co-Stone Venture Capital, Leaguer Group and Oriental Fortune Capital.
Readline Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2020 | ||
| 2 | Lead | Dec 2022 | ||
| 2 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Lead | Dec 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Feb 2025 | ||
This data is available for Pro users. Sign up to see all 14 Readline investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialReadline Competitors
Readline competitors include listed companies like Lavipharm and Medy-Tox, and private ones like Inceptive, Vanqua Bio, Vedanta Biosciences and City Therapeutics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $300M | - | ||
| Private | - | - | $333M | - | ||
| Private | - | - | $287M | - | ||
| Private | - | - | $281M | - | ||
| Publicly listed | $72M | $17M | $317M | - | ||
| Publicly listed | $180M | $19M | $318M | 2.1x |
Readline Public Comps
Readline is still privately-owned, but its public comps include Lavipharm, Medy-Tox, SAB Bio, Abeona Therapeutics, GC Biopharma, Animalcare Group, Vanda Pharmaceuticals, Q32 Bio, Cuorips and Sionna Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $72M | $17M | 4.8x | - | 20.8x | - | |||
| $180M | $19M | 2.1x | 2.1x | 20.0x | 14.5x | |||
| - | $15M | - | - | 14.6x | (2.8x) | |||
| $6M | ($75M) | 33.1x | 4.6x | (2.6x) | - | |||
| $1.8B | $87M | 1.2x | - | 24.1x | - | |||
| $121M | $24M | 2.7x | 2.7x | 13.6x | 13.6x | |||
| $216M | ($127M) | 0.7x | 0.7x | (1.3x) | - | |||
| $54M | $29M | 4.1x | 14.3x | 7.6x | (10.2x) | |||
This data is available for Pro users. Sign up to see all Readline competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Readline
| When was Readline founded? | Readline was founded in 2017. |
| Where is Readline headquartered? | Readline is headquartered in Shenzhen, China. |
| Is Readline publicly listed? | No, Readline is a private, VC-backed company. |
| What is Readline's valuation? | Readline was last valued at $316M in its Series B in December 2022. |
| How much funding has Readline raised? | Readline has raised $127M across 3 funding rounds. |
| What was Readline's last funding round? | Readline's last funding round was a $69M Series C in February 2025. |
| Who are Readline's investors? | Readline's investors include Oriental Fortune Capital, Co-Stone Venture Capital, Green Pine Capital Partners, Hongfu Ruiying, Caixin Industry Fund, Deepshire Investment Management, Kaiyuan Finance, Leaguer Group, Xinshang Capital, Hunan Xingxiang Investment and 4 others. |
| Which companies are comparable to Readline? | Companies comparable to Readline include Inceptive, Vanqua Bio, Vedanta Biosciences, City Therapeutics, Lavipharm and Medy-Tox. |
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