Sciwind Biosciences Funding, Investors & Competitors

Sciwind Biosciences has raised $137M across 3 funding rounds, most recently a $70M Series C in October 2021.

Last Sciwind Biosciences funding round

$70M

Series C · Oct 2021

Cumulative funding Sciwind Biosciences raised

$137M

across 3 funding rounds

Key investors in Sciwind Biosciences

  • Legend Capital
  • LYFE Capital
  • IDG Capital
  • Loyal Valley Capital
  • Haibang Capital
  • Shiyu Capital
  • Zhengxingu Capital
  • Beijing Kawin Technology

Sciwind Biosciences Overview

About Sciwind Biosciences

Sciwind Biosciences is a clinical-stage biopharmaceutical company developing peptide-based therapeutics for metabolic and liver diseases. Its pipeline features SW-333 for non-alcoholic steatohepatitis, targeting inflammation and fibrosis through FXR agonism, alongside candidates for obesity and type 2 diabetes. Headquartered in Ningbo, China, with operations in the United States, Sciwind advances therapies from preclinical discovery to Phase II trials, leveraging proprietary protein engineering platforms.


Founded

2017

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Sciwind Biosciences Funding History

Sciwind Biosciences has raised a total of $137M across 3 funding rounds.

Sciwind Biosciences' first fundraising round was a $30M Series A in February 2019. The most recent completed round was a $70M Series C in October 2021.

Sciwind Biosciences funding rounds

Sciwind Biosciences funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series CIDG Capital (lead); Loyal Valley Capital (lead); Zhengxingu Capital; LYFE Capital$70MSciwind Biosciences, founded in 2017 and based in Hangzhou, China, with operations in San Francisco, is a clinical-stage biopharmaceutical company developing innovative therapies for metabolic diseases including type 2 diabetes, obesity, liver fibrosis, and non-alcoholic steatohepatitis. Its pipeline features proprietary GLP-1 receptor agonist candidates such as XW003, XW004, and XW014, with plans to advance clinical trials in China, South America, and Australia using proceeds from the Series C financing. The company was backed by Legend Holdings and Kawin Technology. On October 12, 2021, Sciwind closed a $70 million Series C financing round co-led by IDG Capital, Loyal Valley Capital, and LYFE Capital. The funds are designated to support clinical development of its lead GLP-1 programs, with milestones including Phase 1 trials for XW014 in the first half of 2022. Prior rounds included a $37 million Series B in February 2021 led by LYFE Capital with Legend Capital and Haibang Ventures, and a $29.5 million Series A led by Legend Capital with Kawin Technology and Shiyu Asset Management. Sciwind's core product Enogreptide (likely XW003) showed 15.1% placebo-adjusted weight loss in Phase III trials.
Feb 2021Series BLYFE Capital (lead); Haibang Capital; Legend Capital$37M-
Feb 2019Series ALegend Capital (lead); Shiyu Capital; Beijing Kawin Technology$30MSciwind Biosciences, a Beijing-headquartered Chinese drug developer focused on treating metabolic disorders, raised RMB200 million ($29 million) in a Series A funding round on February 13, 2019, led by Legend Capital, with participation from Kawin Technology and Shiyu Capital. The company develops therapies including GLP-1 receptor agonists and amylin peptide analogs for weight management and metabolic diseases. Sciwind has raised a total of approximately $137.9 million across six rounds as of 2021, with subsequent financings including a Series B of $37 million led by LYFE Capital in 2021, joined by Legend Capital and Haibang Venture Capital, and a Series C of $69.78 million on October 12, 2021. The company has licensed assets to partners like Verdiva Bio for weight loss candidates and inno.N for GLP-1 products, with BLA approvals expected in 2026. Later developments include a pre-IPO valuation of approximately RMB4,867.5 million in the prospectus and a recent valuation of 4.9 billion yuan after seven rounds totaling about 2.2 billion yuan, backed by investors like Tencent, IDG Capital, Meituan, and others. Sciwind's pipeline has advanced to clinical and BLA stages within eight years, led by a management team from Amgen, Lilly, and Novo Nordisk, amid a competitive GLP-1 market projected to grow significantly.

Who has invested in Sciwind Biosciences?

8 investors have backed Sciwind Biosciences across its funding rounds, including Legend Capital, LYFE Capital, IDG Capital, Loyal Valley Capital, Haibang Capital and Shiyu Capital.

Lead investors include IDG Capital, Loyal Valley Capital, LYFE Capital and Legend Capital.


Sciwind Biosciences Investors

Investors in Sciwind Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
LYFE CapitalSingaporeSingapore2LeadFeb 2021
Legend CapitalChinaBeijing2LeadFeb 2019
IDG CapitalChinaBeijing1LeadOct 2021
Zhengxingu CapitalChinaChina1ParticipantOct 2021
Loyal Valley CapitalChinaShanghai1LeadOct 2021
Haibang CapitalChinaHangzhou1ParticipantFeb 2021

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Sciwind Biosciences Competitors

Sciwind Biosciences competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Sciwind Biosciences
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Sciwind Biosciences Public Comps

Sciwind Biosciences 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Sciwind Biosciences

When was Sciwind Biosciences founded?Sciwind Biosciences was founded in 2017.
Where is Sciwind Biosciences headquartered?Sciwind Biosciences is headquartered in Hangzhou, China.
Is Sciwind Biosciences publicly listed?No, Sciwind Biosciences is a private, VC-backed company.
How much funding has Sciwind Biosciences raised?Sciwind Biosciences has raised $137M across 3 funding rounds.
What was Sciwind Biosciences' last funding round?Sciwind Biosciences' last funding round was a $70M Series C in October 2021, led by IDG Capital and Loyal Valley Capital.
Who are Sciwind Biosciences' investors?Sciwind Biosciences' investors include LYFE Capital, Legend Capital, IDG Capital, Zhengxingu Capital, Loyal Valley Capital, Haibang Capital, Shiyu Capital and Beijing Kawin Technology.
Which companies are comparable to Sciwind Biosciences?Companies comparable to Sciwind Biosciences include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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