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- Yidao Biotechnology
Yidao Biotechnology Valuation, Funding & Investors
Yidao Biotechnology is valued at $618M as of May 2021.
Last Yidao Biotechnology valuation
$618M
Series C · May 2021
Last Yidao Biotechnology funding round
$25M
Series D · May 2024
Cumulative funding Yidao Biotechnology raised
$87M
across 2 funding rounds
Key investors in Yidao Biotechnology
Qiming Venture Partners
Yidao Biotechnology Overview
About Yidao Biotechnology
Yidao Biotechnology, also known as SHIP Biotechnology, is a Suzhou-based biotech company founded in 2017. It researches, develops, and industrializes human vaccines and biomedical products, including recombinant protein antigen vaccines, viral vector vaccines, mRNA vaccines, and vaccine adjuvant platforms, to address domestic and international health needs.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$618M (May 2021)
Sectors
Yidao Biotechnology Valuation
Yidao Biotechnology is currently valued at $618M, based on its Series C in May 2021.
The $62M round included Qiming Venture Partners.
Yidao Biotechnology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series C | $618M |
Yidao Biotechnology Funding History
Yidao Biotechnology has raised a total of $87M across 2 funding rounds.
Yidao Biotechnology's first fundraising round was a $62M Series C in May 2021. The most recent completed round was a $25M Series D in May 2024.
Yidao Biotechnology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series D | Qiming Venture Partners | $25M | - | Yidao Biotechnology raised $25,175,900 in a Series D funding round led by Qiming Venture Partners on May 8, 2024. |
| May 2021 | Series C | Qiming Venture Partners | $62M | $618M | Yidao Biotechnology, also known as SHIP Biotechnology, is a Suzhou, Jiangsu-based biotech company founded in 2017 that specializes in the research, development, and industrialization of human vaccines and biomedical products, including recombinant protein antigen vaccines, new virus vector vaccines, mRNA vaccines, and vaccine adjuvant platforms to meet domestic and international health needs. The company participated in a Series C funding round on May 3, 2021, raising approximately $61.8 million led by Qiming Venture Partners, with other investors including Northern Light Venture Capital, Loyal Valley Capital, and Lilly Asia Ventures. The post-money valuation for this Series C was $617,875,130 USD, as reported for the specific round and investors. Yidao Biotechnology continues to be recognized in biotech ecosystems, appearing in the Hurun Future Unicorns Global Gazelles Index 2025 as a Suzhou-based biotech firm led by Shi Li, indicating ongoing growth potential post-2021 funding. |
Who has invested in Yidao Biotechnology?
1 investor has backed Yidao Biotechnology across its funding rounds, including Qiming Venture Partners.
Yidao Biotechnology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialYidao Biotechnology Competitors
Yidao Biotechnology competitors include listed companies like CytomX Therapeutics, TTY Biopharm, Crescent Biopharma and Valneva, and private ones like Tizona Therapeutics and Elpiscience Biopharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $76M | ($21M) | $614M | 7.3x | ||
| Publicly listed | $203M | $72M | $613M | 2.8x | ||
| Publicly listed | $11M | ($153M) | $623M | 103.3x | ||
| Publicly listed | $201M | ($60M) | $625M | 4.0x | ||
| Private | - | - | $601M | - | ||
| Private | - | - | $600M | - |
Yidao Biotechnology Public Comps
Yidao Biotechnology is still privately-owned, but its public comps include CytomX Therapeutics, TTY Biopharm, Crescent Biopharma, Valneva, Medigen Vaccine Biologics, Phathom Pharmaceuticals, Chong Kun Dang Pharma, Scribe Therapeutics, Cormedix and Avalon Pharma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($21M) | 3.8x | 7.3x | (13.8x) | (3.7x) | |||
| $203M | $72M | 2.9x | 2.8x | 8.3x | - | |||
| $11M | ($153M) | 42.1x | 103.3x | (3.0x) | - | |||
| $201M | ($60M) | 3.6x | 4.0x | (12.1x) | (13.6x) | |||
| $19M | ($5M) | 31.0x | 26.0x | (118.5x) | (153.9x) | |||
| $175M | ($160M) | 3.5x | 2.2x | (3.8x) | (19.0x) | |||
| $1.2B | $92M | 0.6x | 0.5x | 7.7x | 8.2x | |||
| $51M | ($21M) | 14.2x | - | (34.0x) | - | |||
This data is available for Pro users. Sign up to see all Yidao Biotechnology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Yidao Biotechnology
| When was Yidao Biotechnology founded? | Yidao Biotechnology was founded in 2017. |
| Where is Yidao Biotechnology headquartered? | Yidao Biotechnology is headquartered in China. |
| Is Yidao Biotechnology publicly listed? | No, Yidao Biotechnology is a private, VC-backed company. |
| What is Yidao Biotechnology's valuation? | Yidao Biotechnology was last valued at $618M in its Series C in May 2021. |
| How much funding has Yidao Biotechnology raised? | Yidao Biotechnology has raised $87M across 2 funding rounds. |
| What was Yidao Biotechnology's last funding round? | Yidao Biotechnology's last funding round was a $25M Series D in May 2024. |
| Who are Yidao Biotechnology's investors? | Yidao Biotechnology's investors include Qiming Venture Partners. |
| Which companies are comparable to Yidao Biotechnology? | Companies comparable to Yidao Biotechnology include CytomX Therapeutics, TTY Biopharm, Crescent Biopharma, Valneva, Tizona Therapeutics and Elpiscience Biopharmaceuticals. |
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