Sangon Biotech Revenue, Valuation, Funding & Investors

Sangon Biotech is valued at $1.4B as of April 2023, a 13.7x multiple on its last reported $102M revenue.

Last Sangon Biotech valuation

$1.4B

Undisclosed stage · Apr 2023

Last Sangon Biotech funding round

$290M

Undisclosed stage · Apr 2023

Sangon Biotech revenue

$102M

Undisclosed stage · Apr 2023

Key investors in Sangon Biotech

  • Novo Holdings
  • Huagai Capital
  • CPE
  • Greenwoods Investment
  • GL Capital
  • CDB Science and Technology Innovation

Sangon Biotech Overview

About Sangon Biotech

Sangon Biotech is a Shanghai-based biotechnology firm specializing in nucleic acid synthesis and molecular biology products. Founded in 2003 as a Sino-foreign joint venture, it manufactures DNA/RNA oligonucleotides, gene synthesis services, peptides, enzymes, reagents, lab consumables, and benchtop instruments. The company operates a production base in Songjiang Industrial Park, serving research institutions and pharmaceutical companies worldwide.


Founded

2003

HQ

ChinaShanghai

Website

sangon.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

Revenue

$102M (Apr 2023)

Valuation

$1.4B (Apr 2023)

Sangon Biotech Valuation

Sangon Biotech is currently valued at $1.4B, based on its undisclosed-stage round in April 2023.

The $290M round was led by Defu Capital and GL Capital, with participation from CPE, Novo Holdings, Shanghai Jinglin Asset Management, Huagai Capital, Greenwoods Investment and 1 other investor.

Sangon Biotech valuation by funding round

Sangon Biotech valuation by funding round
DateStageValuationRevenue Multiple
Apr 2023Undisclosed stage$1.4B13.7x

Sangon Biotech Revenue

Sangon Biotech's latest recorded revenue is $102M, as of its undisclosed-stage round in April 2023. At a $1.4B valuation, that implies a 13.7x revenue multiple.

Sangon Biotech revenue by funding round

Sangon Biotech revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2023$102M$1.4B13.7xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Sangon Biotech Funding History

Sangon Biotech has raised a total of $290M across 1 funding round.

Sangon Biotech funding rounds

Sangon Biotech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2023Undisclosed stageDefu Capital (lead); GL Capital (lead); CPE; Novo Holdings; Shanghai Jinglin Asset Management; Huagai Capital; Greenwoods Investment; CDB Science and Technology Innovation$290M$1.4BSangon Biotech, founded in 1995, is a leading Chinese supplier of life science research products and services specializing in DNA synthesis, genetic engineering services, life science research reagents and consumables, and protein and antibody-related products. The company maintains strong competitive positioning with comprehensive product lines and serves over 7,000 academic institutions and more than 40,000 biopharma and medtech companies across China, with seven direct sales outlets globally covering Asia, North America, South America, and Europe. In April 2023, Sangon Biotech raised $290 million in a first round of strategic financing led by GL Capital and Novo Holdings, with participation from CPE, Greenwoods Asset Management, Huagai Capital, CDB Venture, and China Merchant Health, valuing the company at approximately $1.4 billion post-money. The funding was intended to accelerate the company's geographic expansion, broaden its product portfolio, increase research and development activities, and support talent recruitment. Sangon operates 47 manufacturing buildings across China and positions itself as a one-stop-shop provider for both research and industrial customers in the life science tools sector, which benefits from structural growth drivers including precision medicine development and rising R&D spending globally.

Who has invested in Sangon Biotech?

8 investors have backed Sangon Biotech across its funding rounds, including Novo Holdings, Huagai Capital, CPE, Greenwoods Investment, GL Capital and CDB Science and Technology Innovation.

Lead investors include Defu Capital and GL Capital.


Sangon Biotech Investors

Investors in Sangon Biotech by funding rounds participated
InvestorHQRoundsRoleFirst check
Defu CapitalSingaporeSingapore1LeadApr 2023
CPEChinaBeijing1ParticipantApr 2023
Novo HoldingsDenmarkCopenhagen1ParticipantApr 2023
Shanghai Jinglin Asset ManagementChinaChina1ParticipantApr 2023
GL CapitalChinaShanghai1LeadApr 2023
Huagai CapitalChinaBeijing1ParticipantApr 2023

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Investments by Sangon Biotech

Sangon Biotech has invested in 2 companies to date.

Latest investment by Sangon Biotech was on July 1st 2016. Sangon Biotech invested in yikexue.com in their $2M Seed round.


Latest Investments by Sangon Biotech

yikexue.com
Youlong Biotech
Description
yikexue.com operates as a technology resource sharing service facilitating brand and product promotion for tech companies in China. Its easylab platform enables laboratory sharing arrangements via yikexue.com.
-
HQ CountryChinaChina
HQ City
Beijing
-
Deal Date1 Jul 201620 Jun 2016
RoundSeedAngel
Raised$2M$500K
InvestorsCAS Star; QF Capital-
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Sangon Biotech Competitors

Sangon Biotech competitors include listed companies like Genus, Sansure Biotech, Vazyme Biotech and Personalis, and private ones like BGI Group and Element Biosciences.

Public and private companies comparable to Sangon Biotech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GenusUnited KingdomUnited KingdomPublicly listed$903M$122M$1.9B2.2x
Sansure BiotechChinaChinaPublicly listed$245M$48M$1.4B4.1x
BGI GroupChinaShenzhenPrivate--$1.6B-
Vazyme BiotechChinaChinaPublicly listed$205M$18M$1.6B6.0x
PersonalisUnited StatesUnited StatesPublicly listed$70M($78M)$1.7B20.1x
Element BiosciencesUnited StatesSan Diego, CAPrivate$25M-$1B41.2x

Sangon Biotech Public Comps

Sangon Biotech is still privately-owned, but its public comps include Sansure Biotech, CVR Partners, Azenta, Corbion, FMC, VCANBIO, Borregaard, Absci, OPKO Health and Syngene.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sansure Biotech$245M$48M4.2x4.1x21.3x14.6x
CVR Partners$606M$211M3.1x3.1x8.9x-
Azenta$594M$35M2.0x2.0x34.0x20.7x
Corbion$1.5B$221M1.4x1.4x9.2x8.7x
FMC$3.5B($1.5B)1.5x1.4x(3.5x)7.2x
VCANBIO$217M$44M4.6x4.3x22.8x25.1x
Borregaard$807M$169M2.2x2.2x10.7x9.4x
Absci$3M($103M)496.8x388.4x(13.5x)(11.9x)

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Common questions about Sangon Biotech

When was Sangon Biotech founded?Sangon Biotech was founded in 2003.
Where is Sangon Biotech headquartered?Sangon Biotech is headquartered in Shanghai, China.
Is Sangon Biotech publicly listed?No, Sangon Biotech is a private, VC-backed company.
What is Sangon Biotech's valuation?Sangon Biotech was last valued at $1.4B in its undisclosed-stage round in April 2023.
How much funding has Sangon Biotech raised?Sangon Biotech has raised $290M across 1 funding round.
What was Sangon Biotech's last funding round?Sangon Biotech's last funding round was a $290M undisclosed-stage round in April 2023, led by Defu Capital and GL Capital.
Who are Sangon Biotech's investors?Sangon Biotech's investors include Defu Capital, CPE, Novo Holdings, Shanghai Jinglin Asset Management, GL Capital, Huagai Capital, Greenwoods Investment and CDB Science and Technology Innovation.
What is Sangon Biotech's revenue?Sangon Biotech's latest recorded revenue is $102M (April 2023).
What is Sangon Biotech's revenue multiple?Sangon Biotech's latest valuation implies a 13.7x revenue multiple ($1.4B valuation on $102M of revenue).
Which companies are comparable to Sangon Biotech?Companies comparable to Sangon Biotech include Genus, Sansure Biotech, BGI Group, Vazyme Biotech, Personalis and Element Biosciences.
How many companies has Sangon Biotech invested in?Sangon Biotech has invested in 2 companies, including yikexue.com and Youlong Biotech.
What was Sangon Biotech's last investment?In July 2016, Sangon Biotech invested in yikexue.com's $2M seed round alongside CAS Star and QF Capital.

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