- Companies
- Sanegene Bio
Sanegene Bio Funding, Investors & Competitors
Sanegene Bio has raised $261M across 5 funding rounds, most recently a $110M Series B in December 2025.
About Sanegene Bio
Sanegene Bio is a Shanghai-based biotechnology firm developing RNAi therapeutics for unmet medical needs. Its platform targets cardiovascular diseases like atherosclerosis, metabolic disorders including non-alcoholic steatohepatitis, immunology conditions such as rheumatoid arthritis, and nervous system disorders like Alzheimer's. The company advances multiple candidates into preclinical stages, leveraging proprietary delivery technologies for liver and extra-hepatic tissues.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Sanegene Bio Funding History
Sanegene Bio has raised a total of $261M across 5 funding rounds.
Sanegene Bio's first fundraising round was a $12M seed round in January 2021. The most recent completed round was a $110M Series B in December 2025.
Sanegene Bio funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2025 | Series B | Lake Bleu Capital; Northern Light Venture Capital; Sino Biopharmaceutical; Invus; Qiming Venture Partners; Eli Lilly; K2VC; TF Capital; TruMed Investment; Legend Capital; Oriza Holdings; Hillhouse Capital | $110M | SanegeneBio (Suzhou Sanegene Bio Inc.), a clinical-stage biotechnology company founded in 2021 with operations in Boston, Shanghai, and Suzhou, develops innovative RNAi therapeutics targeting autoimmune, cardiometabolic, cardiovascular, metabolic diseases, and obesity. Its proprietary platforms include the LEAD™ (Ligand and Enhancer Assisted Delivery) system for extrahepatic tissue delivery, such as fat and muscle cells, enabling potential twice-yearly subcutaneous dosing. The pipeline features clinical-stage assets like SGB-9768 in midstage testing for IgA nephropathy and C3 glomerulopathy, an INHBE-targeted obesity drug in early human trials, and SGB-3908 for high blood pressure in human trials via a 2023 partnership with Innovent. On December 8-9, 2025, SanegeneBio closed an oversubscribed Series B financing round raising over $110 million. The round was led by an unnamed industrial investor, with participation from an international sovereign wealth fund, Sino Biopharmaceutical, Legend Capital, Vivo Capital, Invus, Symbiosis, Guofa Capital, TruMed Investment, Lake Bleu Capital, and strategic investment from Eli Lilly. Existing investors including Qiming Venture Partners, K2 Venture Partners, TF Capital, Oriza Holdings, Northern Light Venture Capital, Hillhouse Capital, and others also joined. Investors issued convertible preferred stock. The proceeds will advance clinical-stage programs toward registrational studies, broaden development across therapeutic areas, support global clinical expansion, and drive RNAi technology innovations. This funding follows a major alliance with Eli Lilly worth up to $1.2 billion for metabolic disease RNAi drugs using the LEAD platform, and reflects growing investor confidence in RNAi therapeutics amid eight approved drugs and nearly 1,200 active programs globally. SanegeneBio, backed earlier by Tencent, continues to build a first- or best-in-class pipeline leveraging liver and extrahepatic RNAi delivery. |
| Aug 2025 | Series C | Qiming Venture Partners | $21M | SanegeneBio (sometimes stylized as Sanegene Bio), a clinical-stage biotech developing RNAi therapeutics with offices in Boston, Shanghai, and Suzhou, closed an over $110 million Series B round on December 8, 2025, led by an unnamed industrial investor, with participation from an international sovereign fund, China Biopharma, Legend Capital, Eli Lilly (strategic), Hillhouse, Qiming Venture Partners (returning), Invus, and others. The funds support advancing clinical-stage assets to registrational studies, expanding programs in autoimmune nephropathies, obesity, cardiometabolic indications using the LEAD™ (Ligand and Enhancer Assisted Delivery) platform, and initiating trials for four experimental medicines. The company focuses on tissue-selective RNAi delivery for best-in-class/first-in-class therapeutics amid growing momentum in RNA-based medicines. |
| Dec 2023 | Series A | BioVenture (lead); Tencent (lead) | $80M | Sanegene Bio USA Inc. (likely affiliated with SanegeneBio) raised $80 million in funding on December 1, 2023, led by Tencent and YuanBio (possibly BioVenture), with participation from Northern Light Venture Capital, Suzhou Oriza Holdings, Shenzhen Capital Group, Xiamen C&D Inc., Qiming Venture Partners, TF Capital, K2VC, and Beijing Yahui Asset Management. This appears to be an earlier round prior to the company's 2025 Series B. SanegeneBio is a clinical-stage biotechnology company founded in 2021, focused on developing innovative RNAi therapeutics for metabolic, autoimmune, cardiovascular diseases, and obesity using its proprietary LEAD (Ligand and Enhancer Assisted Delivery) platform for liver and extrahepatic tissue targeting. The company's pipeline includes lead candidate SGB-9768 in mid-stage testing for IgA nephropathy and C3 glomerulopathy, an INHBE-targeted drug for obesity in early human trials, and SGB-3908 for high blood pressure in partnership with Innovent, which entered human trials in 2023. In November 2025, SanegeneBio announced a major alliance with Eli Lilly worth up to $1.2 billion to apply its LEAD platform for RNAi delivery to extrahepatic tissues like fat and muscle for metabolic diseases. Later, in December 2025, it closed an over $110 million Series B led by an unnamed industrial investor, with Eli Lilly's strategic investment and others including Sino Biopharm, Legend Capital, Vivo Capital, and existing backers like Qiming and Tencent. The 2023 funding supported early clinical progress, while the 2025 Series B funds advancement to registrational studies and pipeline expansion amid growing investor interest in advanced RNAi delivery technologies. SanegeneBio operates in Boston, Shanghai, and Suzhou with 51-200 employees. |
| Sep 2021 | Series A | Taifu Capital; Alwin Capital; Shanghai Lingang Blue Bay Capital; Qiming Venture Partners; K2VC | $38M | - |
| Jan 2021 | Seed | - | $12M | - |
Who has invested in Sanegene Bio?
17 investors have backed Sanegene Bio across its funding rounds, including Qiming Venture Partners, K2VC, Tencent, Legend Capital, Northern Light Venture Capital and Invus.
Lead investors include BioVenture and Tencent.
Sanegene Bio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Sep 2021 | ||
| 2 | Participant | Sep 2021 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Lead | Dec 2023 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Dec 2023 | ||
| 1 | Participant | Dec 2025 | ||
| 1 | Participant | Dec 2025 | ||
This data is available for Pro users. Sign up to see all 17 Sanegene Bio 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 TrialSanegene Bio Competitors
Sanegene Bio competitors include listed companies like Merck KGaA, Eli Lilly and Johnson & Johnson, and private ones like Sinovac Life Sciences, Immunai and ZSPepLib.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $732M | - | ||
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
Sanegene Bio Public Comps
Sanegene Bio 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 | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Sanegene Bio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sanegene Bio
| When was Sanegene Bio founded? | Sanegene Bio was founded in 2021. |
| Where is Sanegene Bio headquartered? | Sanegene Bio is headquartered in Boston, MA, United States. |
| Is Sanegene Bio publicly listed? | No, Sanegene Bio is a private, VC-backed company. |
| How much funding has Sanegene Bio raised? | Sanegene Bio has raised $261M across 5 funding rounds. |
| What was Sanegene Bio's last funding round? | Sanegene Bio's last funding round was a $110M Series B in December 2025. |
| Who are Sanegene Bio's investors? | Sanegene Bio's investors include Qiming Venture Partners, K2VC, Lake Bleu Capital, BioVenture, Northern Light Venture Capital, Sino Biopharmaceutical, Taifu Capital, Alwin Capital, Invus, Shanghai Lingang Blue Bay Capital and 7 others. |
| Which companies are comparable to Sanegene Bio? | Companies comparable to Sanegene Bio include Merck KGaA, Sinovac Life Sciences, Immunai, ZSPepLib, Eli Lilly and Johnson & Johnson. |
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