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

Readline Overview

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

ChinaShenzhen

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

Readline valuation by funding round
DateStageValuation
Dec 2022Series 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

Readline funding rounds
DateStageInvestorsRaisedValuation
Feb 2025Series CHunan Xingxiang Investment; Co-Stone Venture Capital; Gansu State Investment; Green Pine Capital Partners$69M-
Dec 2022Series BCo-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 2020Series ALeaguer 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

Investors in Readline by funding rounds participated
InvestorHQRoundsRoleFirst check
Oriental Fortune CapitalChinaShenzhen2LeadDec 2020
Co-Stone Venture CapitalChinaShenzhen2LeadDec 2022
Green Pine Capital PartnersChinaShenzhen2ParticipantDec 2022
Hongfu RuiyingChinaShenzhen1ParticipantDec 2020
Caixin Industry FundChinaChangshan1ParticipantDec 2022
Deepshire Investment ManagementChinaShenzhen1ParticipantDec 2020
Kaiyuan FinanceChinaChina1ParticipantDec 2022
Leaguer GroupChinaShenzhen1LeadDec 2020
Xinshang CapitalChinaChina1ParticipantDec 2022
Hunan Xingxiang InvestmentChinaChangsha1ParticipantFeb 2025
Gree GlobalChinaHefei1ParticipantDec 2022
Gansu State InvestmentChinaLanzhou1ParticipantFeb 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

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 Trial

Readline Competitors

Readline competitors include listed companies like Lavipharm and Medy-Tox, and private ones like Inceptive, Vanqua Bio, Vedanta Biosciences and City Therapeutics.

Public and private companies comparable to Readline
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InceptiveUnited StatesSan Francisco, CAPrivate--$300M-
Vanqua BioUnited StatesChicago, ILPrivate--$333M-
Vedanta BiosciencesUnited StatesUnited StatesPrivate--$287M-
City TherapeuticsUnited StatesUnited StatesPrivate--$281M-
LavipharmGreeceGreecePublicly listed$72M$17M$317M-
Medy-ToxSouth KoreaSouth KoreaPublicly listed$180M$19M$318M2.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lavipharm$72M$17M4.8x-20.8x-
Medy-Tox$180M$19M2.1x2.1x20.0x14.5x
SAB Bio-$15M--14.6x(2.8x)
Abeona Therapeutics$6M($75M)33.1x4.6x(2.6x)-
GC Biopharma$1.8B$87M1.2x-24.1x-
Animalcare Group$121M$24M2.7x2.7x13.6x13.6x
Vanda Pharmaceuticals$216M($127M)0.7x0.7x(1.3x)-
Q32 Bio$54M$29M4.1x14.3x7.6x(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.

See companies similar to Readline

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial