- Companies
- Thousand Oaks Biopharmaceuticals
Thousand Oaks Biopharmaceuticals Funding, Investors & Competitors
Thousand Oaks Biopharmaceuticals has raised $341M across 3 funding rounds, most recently a $236M Series D in December 2021.
Last Thousand Oaks Biopharmaceuticals funding round
$236M
Series D · Dec 2021
Cumulative funding Thousand Oaks Biopharmaceuticals raised
$341M
across 3 funding rounds
Key investors in Thousand Oaks Biopharmaceuticals
CDH Investments
Hillhouse Investment
Addor Capital
Highlight Capital
GL Ventures LLC
New Alliance Capital
GoldStone Investment
Hillhouse Ventures
About Thousand Oaks Biopharmaceuticals
Thousand Oaks Biopharmaceuticals (TOBIO) is a China-based provider of research, development, and manufacturing services for biopharmaceutical companies, specializing in cell culture media, DNA sequencing, clinical material supplies, and regulatory filings. The company operates facilities in Shanghai, Haimen, and Lanzhou in China, as well as Thousand Oaks and Pleasanton in California. It has built one of the world's largest cell culture medium manufacturing facilities in China to support integrated chemistry, manufacturing, and controls (CMC) services.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
Sectors
Thousand Oaks Biopharmaceuticals Funding History
Thousand Oaks Biopharmaceuticals has raised a total of $341M across 3 funding rounds.
Thousand Oaks Biopharmaceuticals' first fundraising round was a $44M Series A in January 2019. The most recent completed round was a $236M Series D in December 2021.
Thousand Oaks Biopharmaceuticals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series D | CDH Investments (lead); GoldStone Investment (lead); Highlight Capital; Hillhouse Investment | $236M | Thousand Oaks Biopharmaceuticals completed a Series C-II funding round on December 28, 2021, raising $235.37M led by CDH Investments and GoldStone Investment, along with undisclosed investors. The company had previously raised funding through Series C, Series B, and Series A rounds, with total capital raised across all four rounds reaching $404.73M. |
| Mar 2021 | Series C | China State-Owned Capital Venture Investment Fund (lead); GL Ventures LLC (lead); Hillhouse Ventures; Jinshi Investment; Fosun Health Capital; U.S.-China Green Fund; CICC Healthcare Investment Fund; Honghui Capital; CDH Investments | $61M | Thousand Oaks Biopharmaceuticals is a biotechnology company that has raised a total of $404.73M across 4 funding rounds from 18 investors. The company completed a Series C round on March 10, 2021, and a follow-on Series C - II round on December 28, 2021 raising $235.37M led by CDH Investments, GoldStone Investment. Earlier rounds include Series B on July 23, 2020 and Series A on January 1, 2019. |
| Jan 2019 | Series A | New Alliance Capital (lead); Addor Capital; Jilin Aodong; Broadhi Capital; Blue Bay Science Capital | $44M | Thousand Oaks Biopharmaceuticals (TOBIO) is a China-based provider of research, development, and manufacturing services (CDMO) for biopharmaceutical companies, specializing in cell culture media, DNA sequencing, clinical material supplies, and regulatory filings. The company operates facilities in Shanghai, Haimen, Lanzhou in China, and Thousand Oaks and Pleasanton in California, USA. In early 2019, around January 1, it completed a Series A financing round led by New Alliance Capital, raising approximately $45 million (or CNY 300 million / USD 44 million in some reports), with participation from Addor Capital, Blue Bay Science Capital (Bluebay Capital), Broadhi Capital, Jilin Aodong Medicine (Ji Lin Ao Dong), QianRong, and Tenyall & Sumin. Existing investor New Alliance Capital also joined for continued support. The proceeds from the Series A were allocated to expand integrated CMC (Chemistry, Manufacturing, and Controls) services and to build the world's largest cell culture medium manufacturing facility in China, enhancing production capacity for dry powder cell culture media. This round followed an earlier undisclosed investment from Blue Bay Equity Funds in 2017. Post-Series A, Thousand Oaks continued raising capital, including a $64 million Series B in July 2020 co-led by CICC Capital and Goldstone Investment, with China Construction Bank’s CCB International and GL Ventures. In 2021, it secured over RMB 400 million ($61.4 million) in Series C from Sany Group, Fosun, GL Ventures (Hillhouse Capital), and others, followed by a Series C-II of $235.37 million. The company aims to become a global CMC bio-manufacturing leader, leveraging innovative technologies like disposable bioreactors and automated dry powder media facilities to reduce costs and improve efficiency for biologics development. |
Who has invested in Thousand Oaks Biopharmaceuticals?
17 investors have backed Thousand Oaks Biopharmaceuticals across its funding rounds, including CDH Investments, Hillhouse Investment, Addor Capital, Highlight Capital, GL Ventures LLC and New Alliance Capital.
Lead investors include CDH Investments, GoldStone Investment, China State-Owned Capital Venture Investment Fund, GL Ventures LLC and New Alliance Capital.
Thousand Oaks Biopharmaceuticals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Jan 2019 | ||
| 1 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 17 Thousand Oaks Biopharmaceuticals 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 Thousand Oaks Biopharmaceuticals
Thousand Oaks Biopharmaceuticals has invested in 1 company to date.
Latest investment by Thousand Oaks Biopharmaceuticals was on January 17th 2019. Thousand Oaks Biopharmaceuticals invested in MabPlex International in their $59M Series A round.
Latest Investments by Thousand Oaks Biopharmaceuticals
| Description | MabPlex International is a China-based CDMO offering end-to-end biomanufacturing from cell line development to fill-finish for monoclonal antibodies, ADCs, and bispecifics. Facilities in Pudong feature 2000L bioreactors compliant with FDA and EMA standards. Founded in 2018, MabPlex serves global clients including Pfizer with process optimization services. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 17 Jan 2019 |
| Round | Series A |
| Raised | $59M |
| Investors | Yuce Biological Technology; Hangzhou Kang Sheng Health Management; Shenzhen Capital Group; Apic Bio; Antagene; SDIC Venture Capital; APOLLOMICS |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Thousand Oaks Biopharmaceuticals investments and their VC round multiples. Start Free Trial | |
Thousand Oaks Biopharmaceuticals Competitors
Thousand Oaks Biopharmaceuticals competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $65B | $28B | $1.0T | 13.1x | ||
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $61B | $17B | $467B | 8.1x | ||
| Publicly listed | $65B | $28B | $363B | 6.2x | ||
| Private | - | - | $12B | - | ||
| Private | $1.1B | - | $4.5B | 4.2x |
Thousand Oaks Biopharmaceuticals Public Comps
Thousand Oaks Biopharmaceuticals 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 Thousand Oaks Biopharmaceuticals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Thousand Oaks Biopharmaceuticals
| When was Thousand Oaks Biopharmaceuticals founded? | Thousand Oaks Biopharmaceuticals was founded in 2017. |
| Where is Thousand Oaks Biopharmaceuticals headquartered? | Thousand Oaks Biopharmaceuticals is headquartered in China. |
| Is Thousand Oaks Biopharmaceuticals publicly listed? | No, Thousand Oaks Biopharmaceuticals is a private, VC-backed company. |
| How much funding has Thousand Oaks Biopharmaceuticals raised? | Thousand Oaks Biopharmaceuticals has raised $341M across 3 funding rounds. |
| What was Thousand Oaks Biopharmaceuticals' last funding round? | Thousand Oaks Biopharmaceuticals' last funding round was a $236M Series D in December 2021, led by CDH Investments and GoldStone Investment. |
| Who are Thousand Oaks Biopharmaceuticals' investors? | Thousand Oaks Biopharmaceuticals' investors include CDH Investments, Addor Capital, China State-Owned Capital Venture Investment Fund, Jilin Aodong, GL Ventures LLC, Hillhouse Ventures, GoldStone Investment, Jinshi Investment, Highlight Capital, Fosun Health Capital and 7 others. |
| Which companies are comparable to Thousand Oaks Biopharmaceuticals? | Companies comparable to Thousand Oaks Biopharmaceuticals include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics. |
| How many companies has Thousand Oaks Biopharmaceuticals invested in? | Thousand Oaks Biopharmaceuticals has invested in 1 company, including MabPlex International. |
| What was Thousand Oaks Biopharmaceuticals' last investment? | In January 2019, Thousand Oaks Biopharmaceuticals invested in MabPlex International's $59M Series A alongside Yuce Biological Technology, Hangzhou Kang Sheng Health Management, Shenzhen Capital Group and 4 other investors. |
See companies similar to Thousand Oaks Biopharmaceuticals
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




