# Adagene funding: rounds and investors > Adagene has raised $83M across 3 rounds since 2014. Investors include HSG, General Atlantic and Eight Roads Ventures. Every round with its source. Source: https://millionrounds.com/company/adagene (Millionrounds; every figure on the page links to its filing or article) China · [Funded startup](https://millionrounds.com/companies) # 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. Biotech Healthcare Funding summary Updated 26 Oct 2026 **$83M** raised across 3 rounds since 2014, from 3 sources **$8.0M** Series A **$50M** Series C **$25M** Round - **Latest round:** Round, $25M Jul 2025 - **Biggest round:** $50M Series 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. 2016 2018 2020 2022 2024 **$8.0M** Series A **$50M** Series C **$25M** Round - **First round:** Series A, $8.0M - **Biggest round:** $50M - **Usual gap between rounds:** 7.3 years ## The rounds - **Jul 2025** Round **$25M** *4 new* [HSG](https://millionrounds.com/fund/hsg) [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [Sanofi](https://millionrounds.com/fund/sanofi) Source recorded - **Mar 2018** Series C **$50M** *4 new* [King Star](https://millionrounds.com/fund/king-star) AVIC Gopher Asset Sequoia China/ New World TMT Reported by FinSMEs - **Dec 2014** Series A **$8.0M** *3 new* [F-Prime Capital](https://millionrounds.com/fund/f-prime) [WuXi Healthcare Ventures](https://millionrounds.com/fund/wuxi-venture-fund) 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 A** 2014 **Series C** 2018 **Round** 2025 [HSG](https://millionrounds.com/fund/hsg) [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Sanofi](https://millionrounds.com/fund/sanofi) [WuXi Healthcare Ventures](https://millionrounds.com/fund/wuxi-venture-fund) [King Star](https://millionrounds.com/fund/king-star) AVIC Fidelity Asia Growth Gopher Asset ## Everyone who backed them [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **1** round [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) VC firm **1** round [F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **1** round [Sanofi](https://millionrounds.com/fund/sanofi) Investment firm **1** round [WuXi Healthcare Ventures](https://millionrounds.com/fund/wuxi-venture-fund) VC firm **1** round [King Star](https://millionrounds.com/fund/king-star) Growth equity **1** round AVIC no record of our own yet **1** round Fidelity Asia Growth no record of our own yet **1** round Gopher Asset no record of our own yet **1** round Sequoia China/ New World TMT no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=adagene). ## 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. [Toba Capital](https://millionrounds.com/fund/toba-capital) VC firm Per its own site ## Quick answers about Adagene ### Who invested in Adagene? Adagene's investors include HSG, General Atlantic, Eight Roads Ventures, F-Prime Capital and Sanofi, and 6 more on record. ### How much has Adagene raised? Adagene has raised $83M across 3 rounds since 2014. ### When did Adagene last raise? Adagene's most recent round was an Undisclosed round of $25M in Jul 2025. ### What was Adagene's biggest round? Adagene's largest round on record is $50M (Series C), in Mar 2018. ### Who backed Adagene first? Adagene's first round on record, in Dec 2014, was backed by F-Prime Capital, WuXi Healthcare Ventures and Fidelity Asia Growth. ### What stage is Adagene at? Adagene's latest named round is an Undisclosed round, in Jul 2025. ### Where is Adagene based? Adagene is based in China. ## Companies like Adagene In the same sector, and raised in the last eighteen months. [**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**RNAimmune** $4.5M · Aug 2026](https://millionrounds.com/company/rnaimmune)[**Gestala** $22M · Mar 2026](https://millionrounds.com/company/gestala)[**Adlai Nortye** $190M · Feb 2026](https://millionrounds.com/company/adlai-nortye)[**HitGen** $39M · Nov 2025](https://millionrounds.com/company/hitgen)[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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