Who invested in Adagene

3 rounds we have observed, with the 11 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

BiotechHealthcare

Funding summaryUpdated 26 Oct 2026

$83Mraised across 3 rounds since 2014, from 3 sources

$8.0MSeries A$50MSeries C$25MRound

Latest round: Round, $25MJul 2025
Biggest round: $50MSeries C · Mar 2018
Investors: 11

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20162018202020222024

$8.0MSeries A$50MSeries C$25MRound

First round: Series A, $8.0M
Biggest round: $50M
Usual gap between rounds: 7.3 years

The rounds

Jul 2025
Round$25M4 new
Source recorded
Mar 2018
Series C$50M4 new
- King Star
- AVIC
- Gopher Asset
- Sequoia China/ New World TMT
Reported by FinSMEs
Dec 2014
Series A$8.0M3 new
- F-Prime Capital
- WuXi Healthcare Ventures
- Fidelity Asia Growth
From a historical funding record

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2014Series C2018Round2025

SanofiWuXi Healthcare VenturesKing StarAVICFidelity Asia GrowthGopher Asset

Everyone who backed them

HSGVC firm1round

General AtlanticPrivate equity1round

Eight Roads VenturesVC firm1round

F-Prime CapitalVC firm1round

SanofiInvestment firm1round

WuXi Healthcare VenturesVC firm1round

King StarGrowth equity1round

AVICno record of our own yet1round

Fidelity Asia Growthno record of our own yet1round

Gopher Assetno record of our own yet1round

Sequoia China/ New World TMTno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Adagene as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.