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- Tripod Preclinical Research Laboratories
Tripod Preclinical Research Laboratories Funding, Investors & Competitors
Tripod Preclinical Research Laboratories has raised $162M across 2 funding rounds, most recently a $6M Series C in April 2023.
Last Tripod Preclinical Research Laboratories funding round
$6M
Series C · Apr 2023
Cumulative funding Tripod Preclinical Research Laboratories raised
$162M
across 2 funding rounds
Key investors in Tripod Preclinical Research Laboratories
GL Ventures LLC
Legend Capital
Lilly Asia Ventures
Highlight Capital
Hillhouse Ventures
China Pacific Insurance
Ruihua Venture Capital
Xiaochi Capital
Tripod Preclinical Research Laboratories Overview
About Tripod Preclinical Research Laboratories
Tripod Preclinical Research Laboratories is a contract research organization offering GLP-compliant nonclinical safety evaluation services. Taoyuan, Taiwan-based, it conducts toxicology studies, pharmacokinetics, and pathology assessments for new chemical entities, biologics, pesticides, veterinary drugs, and cosmetics targeting global pharmaceutical and biotech clients.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Tripod Preclinical Research Laboratories Funding History
Tripod Preclinical Research Laboratories has raised a total of $162M across 2 funding rounds.
Tripod Preclinical Research Laboratories' first fundraising round was a $157M undisclosed-stage round in November 2021. The most recent completed round was a $6M Series C in April 2023.
Tripod Preclinical Research Laboratories funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2023 | Series C | Legend Capital (lead); GL Ventures LLC; Hillhouse Ventures; Highlight Capital; Xiaochi Capital; Shanghai Lingang Economic Development; Howbuy; HJ-Investment; China Pacific Insurance | $6M | Tripod Preclinical Research Laboratories Co., Ltd., established in 2008, is a contract research organization (CRO) providing preclinical research and development services for global biopharmaceutical and medical device companies. Its services include non-human primate disease models, pharmacodynamics and pharmacokinetics, early drug efficacy evaluation, GLP toxicity, translational medicine, clinical trials, bioanalysis, central laboratory, and biological sample library. The company operates one of China's earliest NMPA GLP-certified laboratories with AAALAC certification, capable of nine GLP non-clinical drug safety evaluation projects, and was the first such lab listed on the National Equities Exchange and Quotations (新三板), equipped with over 500 advanced instruments. On April 27, 2023, Tripod completed its Series C financing round led by Legend Capital, with participation from HighLight Capital, Hangzhou Huaiji Investment, Shanghai Lingang Economic Development, GL Ventures, Hangzhou Xiaochi Private Equity, and others including China Pacific Insurance and Howbuy. The round size was described as RMB in the hundreds of millions. CEO Zhang Xuefeng stated the funds will support resource restructuring, deeper focus on disease biology and translational medicine, enhanced international competitiveness, and ecosystem building with new drug developers. Tripod maintains deep cooperation with domestic and international enterprises, offering a stable experimental animal supply system. It leverages core non-clinical research to expand into the full biopharma R&D chain amid a global biopharmaceutical market projected to grow from USD 297.9 billion in 2020 to USD 530.1 billion by 2025 at a 12.2% CAGR. |
| Nov 2021 | Undisclosed stage | GL Ventures LLC (lead); Lilly Asia Ventures (lead); Ruihua Venture Capital (lead) | $157M | Tripod Preclinical Research Laboratories Co., Ltd. (鼎泰集团), established in 2008, provides preclinical research and development services for global biopharmaceutical and medical device companies. Its services include non-human primate disease models, pharmacodynamics, pharmacokinetics, early drug efficacy evaluation, GLP toxicity testing, translational medicine, clinical trials, bioanalysis, central laboratory operations, and biological sample libraries. The company operates one of the earliest NMPA GLP-certified laboratories in China, with AAALAC certification, capability for nine GLP non-clinical drug safety evaluation projects, and is the first such lab listed on China's National Equities Exchange and Quotations (新三板). It is equipped with over 500 sets of advanced international equipment and the Provantis data system. The company maintains deep cooperation with domestic and foreign enterprises, supplying high-quality experimental animals to support integrated R&D for pharmaceutical companies and institutions. Tripod's CEO Zhang Xuefeng indicated plans to strengthen resource restructuring, deepen disease biology and translational medicine understanding, enhance international competitiveness, and collaborate with new drug developers to build a biopharmaceutical ecosystem. Frost & Sullivan reported the global biopharmaceutical market at USD 297.9 billion in 2020, projected to reach USD 530.1 billion by 2025 at a 12.20% CAGR. |
Who has invested in Tripod Preclinical Research Laboratories?
11 investors have backed Tripod Preclinical Research Laboratories across its funding rounds, including GL Ventures LLC, Legend Capital, Lilly Asia Ventures, Highlight Capital, Hillhouse Ventures and China Pacific Insurance.
Lead investors include Legend Capital, GL Ventures LLC, Lilly Asia Ventures and Ruihua Venture Capital.
Tripod Preclinical Research Laboratories Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | Apr 2023 | ||
This data is available for Pro users. Sign up to see all 11 Tripod Preclinical Research Laboratories 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 TrialTripod Preclinical Research Laboratories Competitors
Tripod Preclinical Research Laboratories competitors include listed companies like Roche, Natera, Illumina and Guardant Health, and private ones like Institut Merieux and Color.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Publicly listed | $2.3B | ($266M) | $53B | 19.0x | ||
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Publicly listed | $982M | ($408M) | $25B | 20.2x | ||
| Private | - | - | $8.5B | - | ||
| Private | - | - | $4.6B | - |
Tripod Preclinical Research Laboratories Public Comps
Tripod Preclinical Research Laboratories is still privately-owned, but its public comps include Roche, Wuxi AppTec, Natera, Samsung BioLogics, Lonza Group, IQVIA, Illumina, Wuxi Biologics, Divi's Laboratories and Guardant Health.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $6.8B | $4B | 10.0x | 8.2x | 17.0x | 16.2x | |||
| $2.3B | ($266M) | 22.5x | 19.0x | (195.0x) | (261.5x) | |||
| $3.3B | $2B | 14.0x | 12.5x | 23.3x | 23.6x | |||
| $7.9B | $2.5B | 6.4x | 5.9x | 20.5x | 18.0x | |||
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.8x | |||
| $4.3B | $1.4B | 8.8x | 8.4x | 27.1x | 30.0x | |||
| $3.2B | $1.3B | 7.8x | 7.0x | 19.4x | 18.0x | |||
This data is available for Pro users. Sign up to see all Tripod Preclinical Research Laboratories competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tripod Preclinical Research Laboratories
| When was Tripod Preclinical Research Laboratories founded? | Tripod Preclinical Research Laboratories was founded in 2008. |
| Where is Tripod Preclinical Research Laboratories headquartered? | Tripod Preclinical Research Laboratories is headquartered in Nanjing, China. |
| Is Tripod Preclinical Research Laboratories publicly listed? | No, Tripod Preclinical Research Laboratories is a private, VC-backed company. |
| How much funding has Tripod Preclinical Research Laboratories raised? | Tripod Preclinical Research Laboratories has raised $162M across 2 funding rounds. |
| What was Tripod Preclinical Research Laboratories' last funding round? | Tripod Preclinical Research Laboratories' last funding round was a $6M Series C in April 2023, led by Legend Capital. |
| Who are Tripod Preclinical Research Laboratories' investors? | Tripod Preclinical Research Laboratories' investors include GL Ventures LLC, Ruihua Venture Capital, Hillhouse Ventures, Highlight Capital, Xiaochi Capital, Shanghai Lingang Economic Development, Howbuy, Lilly Asia Ventures, HJ-Investment, Legend Capital and 1 other. |
| Which companies are comparable to Tripod Preclinical Research Laboratories? | Companies comparable to Tripod Preclinical Research Laboratories include Roche, Natera, Illumina, Guardant Health, Institut Merieux and Color. |
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