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

ChinaGuangzhou

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

Vision Medicals funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series DBoyu Capital (lead); Tencent; CDH Investments$47MVision 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 2021Series CTencent (lead); CASH Capital; China Capital Investment Group; CDH Investments$30MVision 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 2020Series BCDH Investments (lead); CASH Capital; Volcanics Venture; CICC Qichen$29MVision 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 2019Series ACASH Capital (lead); Volcanics Venture (lead)$14MVision 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

Investors in Vision Medicals by funding rounds participated
InvestorHQRoundsRoleFirst check
CASH CapitalChinaBeijing3LeadSep 2019
CDH InvestmentsHong KongHong Kong3LeadAug 2020
TencentChinaShenzhen2LeadFeb 2021
Volcanics VentureChinaShanghai2LeadSep 2019
Boyu CapitalChinaBeijing1LeadNov 2021

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Vision Medicals Competitors

Vision Medicals competitors include listed companies like Roche, Natera, Illumina and Guardant Health, and private ones like Institut Merieux and Color.

Public and private companies comparable to Vision Medicals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
NateraUnited StatesUnited StatesPublicly listed$2.3B($266M)$53B19.0x
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
Guardant HealthUnited StatesUnited StatesPublicly listed$982M($408M)$25B20.2x
Institut MerieuxFranceLyonPrivate--$8.5B-
ColorUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roche$77B$26B5.0x4.9x14.6x12.4x
Natera$2.3B($266M)22.5x19.0x(195.0x)(261.5x)
Illumina$4.3B$1.4B8.8x8.4x27.1x30.0x
Guardant Health$982M($408M)25.7x20.2x(61.8x)(129.5x)
Twist Bioscience$377M($63M)27.2x22.6x(161.4x)(316.8x)
10x Genomics$643M($16M)14.9x15.2x(591.7x)(160.9x)
BillionToOne$305M$12M15.8x11.7x401.1x75.4x
Wantai BioPharm$271M($24M)15.5x-(174.0x)-

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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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