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- Vision Medicals
Vision Medicals Funding, Investors & Competitors
Vision Medicals has raised $120M across 4 funding rounds, most recently a $47M Series D in November 2021.
Last Vision Medicals funding round
$47M
Series D · Nov 2021
Cumulative funding Vision Medicals raised
$120M
across 4 funding rounds
Key investors in Vision Medicals
CDH Investments
CASH Capital
Tencent
Volcanics Venture
Boyu Capital
China Capital Investment Group
CICC Qichen
Vision Medicals Overview
About Vision Medicals
Vision Medicals is a Shanghai-based provider of pathogen diagnostic services using high-throughput sequencing and CRISPR technologies. The company detects over 1,000 pathogens from clinical samples via metagenomic analysis, reducing reporting time to 24 hours. Its proprietary nucleic acid enrichment kits and AI reporting system serve hospitals in China for infection control.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Vision Medicals Funding History
Vision Medicals has raised a total of $120M across 4 funding rounds.
Vision Medicals' first fundraising round was a $14M Series A in September 2019. The most recent completed round was a $47M Series D in November 2021.
Vision Medicals funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Series D | Boyu Capital (lead); Tencent; CDH Investments | $47M | Vision Medicals, a China-based gene-sequencing technology developer founded in 2018 and headquartered in Guangzhou, specializes in gene editing for diagnostics tools and therapeutics targeting infectious diseases, offering solutions integrating genomics, radiomics, EMR big data, and AI for precise infection diagnosis in the biotechnology and healthcare sectors. The company raised RMB300m ($47m) in a Series D round, with participation from Boyu Capital, CDH Venture and Growth Capital (a CDH Investments vehicle), and existing backer Tencent, pushing total funding past $120m. Funds are allocated to R&D expansion, business strategy, and regulatory approval for medical equipment. Prior rounds include a $30.9m Series C in February 2021 with Tencent, Cash Capital, CDH Investments, and CICC Capital (total funding then ~$74m); a $28.8m Series B led by CDH Investments with CICC Qichen, Cash Capital, and Volcanics Venture; and a $14m Series A co-led by Cash Capital and Volcanics Venture in late 2019. |
| Feb 2021 | Series C | Tencent (lead); CASH Capital; China Capital Investment Group; CDH Investments | $30M | Vision Medicals is a Chinese precision medicine startup founded in 2018 and based in Guangzhou, specializing in gene diagnostics and precision medicine for infections. The company offers comprehensive solutions for precise infection diagnosis, integrating genomics, radiomics, and EMR big data with AI diagnostic systems, and primarily serves the healthcare industry with advanced molecular diagnostic products and services. On February 4-5, 2021, Vision Medicals raised 200 million yuan (approximately $31 million) in its Series C funding round led by Tencent, with participation from investors including CASH Capital, CDH Investments, and China Capital Investment Group. This round boosts the company's gene technology efforts in precision medicine. The company's total funding raised across all rounds is reported as $106.73 million, with later stages including Series D-II, and investors encompassing CDH Investments, Tencent, and others like Keuqan Fund and Boyu Capital. Vision Medicals operates in the biotechnology and healthcare sectors, focusing on infectious disease diagnostics amid growing demand for advanced tools like NGS and AI-driven solutions. |
| Aug 2020 | Series B | CDH Investments (lead); CASH Capital; Volcanics Venture; CICC Qichen | $29M | Vision Medicals is a Guangzhou-based gene technology company specializing in precision medicine and diagnosis for infectious diseases, leveraging core technologies such as pathogen metagenomics (mNGS) diagnosis and CRISPR-Cas12/13 rapid gene-editing diagnostics. The company completed a Series B financing round of RMB 200 million (approximately USD 28.9 million) led by CDH Investments, with participation from CASH Capital and CICC Qichen (also referred to as CICC Capital), actual announcement around August 2020. This followed prior rounds and positioned the firm to expand amid growing demand for genetic testing. By the time of the Series B, Vision Medicals had established significant traction, serving over 800 medical institutions including Shanghai Children’s Medical Center. The company played a key role in early COVID-19 response, contributing to virus detection and genome analysis by late December 2019, with research published in the Chinese Medical Journal in January 2020. It also developed nucleic acid detection kits for coronavirus targeting Chinese and European markets. The Chinese genetic testing market, in which Vision Medicals operates, grew at 30% annually over the prior seven years and was projected to reach RMB 41 billion (USD 6.3 billion) by 2024. A subsequent Series C round of RMB 200 million (USD 31 million) was led by Tencent, with existing investors including CICC Capital, CDH Investments, and CASH Capital, indicating continued momentum post-Series B. |
| Sep 2019 | Series A | CASH Capital (lead); Volcanics Venture (lead) | $14M | Vision Medicals completed an A round of financing of 100 million yuan on September 11, 2019, led by Volcanics Venture and CASH Capital. The company focuses on precise medical treatment of infection, operating nearly 3000 square meters of medical laboratory, R&D center, and GMP workshop. It develops two core products: the pathogen metagenomics platform IDseqTM and the pathogen CRISPR rapid diagnosis platform ID-CRISPRTM. Proceeds from the round support R&D investment to optimize pathogenic metagenomics and gene editing rapid diagnosis products, registration applications including inspection and clinical trials for the first pathogen metagenomics product, and clinical cooperation with medical laboratories and top-grade hospitals to build innovative platforms. The financing aligns with advancements in infection pathogen diagnosis using technologies like pathogen metagenomics based on high-throughput sequencing and CRISPR-based rapid diagnosis, enhancing clinical pathogen detection and precision medicine. |
Who has invested in Vision Medicals?
7 investors have backed Vision Medicals across its funding rounds, including CDH Investments, CASH Capital, Tencent, Volcanics Venture, Boyu Capital and China Capital Investment Group.
Lead investors include Boyu Capital, Tencent, CDH Investments, CASH Capital and Volcanics Venture.
Vision Medicals Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2019 | ||
| 3 | Lead | Aug 2020 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Sep 2019 | ||
| 1 | Lead | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 7 Vision Medicals investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialVision Medicals Competitors
Vision Medicals 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 | - |
Vision Medicals Public Comps
Vision Medicals is still privately-owned, but its public comps include Roche, Natera, Illumina, Guardant Health, Twist Bioscience, 10x Genomics, BillionToOne, Wantai BioPharm, Celcuity and GRAIL.
| 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 | |||
| $2.3B | ($266M) | 22.5x | 19.0x | (195.0x) | (261.5x) | |||
| $4.3B | $1.4B | 8.8x | 8.4x | 27.1x | 30.0x | |||
| $982M | ($408M) | 25.7x | 20.2x | (61.8x) | (129.5x) | |||
| $377M | ($63M) | 27.2x | 22.6x | (161.4x) | (316.8x) | |||
| $643M | ($16M) | 14.9x | 15.2x | (591.7x) | (160.9x) | |||
| $305M | $12M | 15.8x | 11.7x | 401.1x | 75.4x | |||
| $271M | ($24M) | 15.5x | - | (174.0x) | - | |||
This data is available for Pro users. Sign up to see all Vision Medicals competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vision Medicals
| When was Vision Medicals founded? | Vision Medicals was founded in 2018. |
| Where is Vision Medicals headquartered? | Vision Medicals is headquartered in Guangzhou, China. |
| Is Vision Medicals publicly listed? | No, Vision Medicals is a private, VC-backed company. |
| How much funding has Vision Medicals raised? | Vision Medicals has raised $120M across 4 funding rounds. |
| What was Vision Medicals' last funding round? | Vision Medicals' last funding round was a $47M Series D in November 2021, led by Boyu Capital. |
| Who are Vision Medicals' investors? | Vision Medicals' investors include CASH Capital, CDH Investments, Tencent, Volcanics Venture, Boyu Capital, China Capital Investment Group and CICC Qichen. |
| Which companies are comparable to Vision Medicals? | Companies comparable to Vision Medicals include Roche, Natera, Illumina, Guardant Health, Institut Merieux and Color. |
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