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- Sangon Biotech
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2023 | Undisclosed stage | $1.4B | 13.7x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2023 | $102M | $1.4B | 13.7x | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2023 | Undisclosed stage | Defu Capital (lead); GL Capital (lead); CPE; Novo Holdings; Shanghai Jinglin Asset Management; Huagai Capital; Greenwoods Investment; CDB Science and Technology Innovation | $290M | $1.4B | Sangon 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Lead | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
This data is available for Pro users. Sign up to see all 8 Sangon Biotech 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 TrialInvestments 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
| 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 Country | ||
| HQ City | Beijing | - |
| Deal Date | 1 Jul 2016 | 20 Jun 2016 |
| Round | Seed | Angel |
| Raised | $2M | $500K |
| Investors | CAS Star; QF Capital | - |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Sangon Biotech investments and their VC round multiples. Start Free Trial | ||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $903M | $122M | $1.9B | 2.2x | ||
| Publicly listed | $245M | $48M | $1.4B | 4.1x | ||
| Private | - | - | $1.6B | - | ||
| Publicly listed | $205M | $18M | $1.6B | 6.0x | ||
| Publicly listed | $70M | ($78M) | $1.7B | 20.1x | ||
| Private | $25M | - | $1B | 41.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $245M | $48M | 4.2x | 4.1x | 21.3x | 14.6x | |||
| $606M | $211M | 3.1x | 3.1x | 8.9x | - | |||
| $594M | $35M | 2.0x | 2.0x | 34.0x | 20.7x | |||
| $1.5B | $221M | 1.4x | 1.4x | 9.2x | 8.7x | |||
| $3.5B | ($1.5B) | 1.5x | 1.4x | (3.5x) | 7.2x | |||
| $217M | $44M | 4.6x | 4.3x | 22.8x | 25.1x | |||
| $807M | $169M | 2.2x | 2.2x | 10.7x | 9.4x | |||
| $3M | ($103M) | 496.8x | 388.4x | (13.5x) | (11.9x) | |||
This data is available for Pro users. Sign up to see all Sangon Biotech competitors and their valuation data. Start Free Trial | ||||||||
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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