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

ChinaChina

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$618M (May 2021)

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

Yidao Biotechnology valuation by funding round
DateStageValuation
May 2021Series 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

Yidao Biotechnology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024Series DQiming 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 2021Series CQiming Venture Partners$62M$618MYidao 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

Investors in Yidao Biotechnology by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Yidao Biotechnology 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 Trial

Yidao 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.

Public and private companies comparable to Yidao Biotechnology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CytomX TherapeuticsUnited StatesUnited StatesPublicly listed$76M($21M)$614M7.3x
TTY BiopharmTaiwanTaiwanPublicly listed$203M$72M$613M2.8x
Crescent BiopharmaUnited StatesUnited StatesPublicly listed$11M($153M)$623M103.3x
ValnevaFranceFrancePublicly listed$201M($60M)$625M4.0x
Tizona TherapeuticsUnited StatesSan Francisco, CAPrivate--$601M-
Elpiscience BiopharmaceuticalsChinaShanghaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CytomX Therapeutics$76M($21M)3.8x7.3x(13.8x)(3.7x)
TTY Biopharm$203M$72M2.9x2.8x8.3x-
Crescent Biopharma$11M($153M)42.1x103.3x(3.0x)-
Valneva$201M($60M)3.6x4.0x(12.1x)(13.6x)
Medigen Vaccine Biologics$19M($5M)31.0x26.0x(118.5x)(153.9x)
Phathom Pharmaceuticals$175M($160M)3.5x2.2x(3.8x)(19.0x)
Chong Kun Dang Pharma$1.2B$92M0.6x0.5x7.7x8.2x
Scribe Therapeutics$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.

See companies similar to Yidao Biotechnology

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial