# Haihe Biopharma funding: rounds and investors

> Haihe Biopharma has raised $317M across 2 rounds since 2019. Investors include Huagai Capital, Legend Capital and Warburg Pincus. Every round with its source.

Source: https://millionrounds.com/company/haihe-biopharma (Millionrounds; every figure on the page links to its filing or article)

China · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Haihe Biopharma*

2 rounds we have observed, with the 4 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 Pharma

Valuation: $1.0B, Oct 2024

Funding summary Updated 26 Oct 2026

**$317M** raised across 2 rounds since 2019, from 2 sources

**$146M** Round **$171M** Series B

- **Latest round:** Series B, $171M Jul 2020
- **Investors:** 4

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.

2020

**$146M** Round

**$171M** Series B

- **First round:** Round, $146M
- **Biggest round:** $171M
- **Between rounds:** 17 months

## The rounds

- **Jul 2020** Series B **$171M** *3 new* *1 returning* [Legend Capital](https://millionrounds.com/fund/legend-capital) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Huagai Capital](https://millionrounds.com/fund/huagai-capital) Source recorded
- **Feb 2019** Round **$146M** *1 new* [Huagai Capital](https://millionrounds.com/fund/huagai-capital) Reported by China Money Network

## 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.

**Round** 2019 **Series B** 2020 [Huagai Capital](https://millionrounds.com/fund/huagai-capital) [Legend Capital](https://millionrounds.com/fund/legend-capital) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital)

## Everyone who backed them

[Huagai Capital](https://millionrounds.com/fund/huagai-capital) Private equity **2** rounds

[Legend Capital](https://millionrounds.com/fund/legend-capital) VC firm **1** round

[Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) Private equity **1** round

[Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=haihe-biopharma).

## Quick answers about Haihe Biopharma

### Who invested in Haihe Biopharma?

Haihe Biopharma's investors include Huagai Capital, Legend Capital, Warburg Pincus and Hill House Capital.

### How much has Haihe Biopharma raised?

Haihe Biopharma has raised $317M across 2 rounds since 2019.

### When did Haihe Biopharma last raise?

Haihe Biopharma's most recent round was a Series B of $171M in Jul 2020.

### What was Haihe Biopharma's biggest round?

Its most recent round, $171M in Jul 2020, is also its largest on record.

### Who backed Haihe Biopharma first?

Haihe Biopharma's first round on record, in Feb 2019, was backed by Huagai Capital.

### What stage is Haihe Biopharma at?

Haihe Biopharma's latest named round is a Series B, in Jul 2020.

### Where is Haihe Biopharma based?

Haihe Biopharma is based in China.

## Companies like Haihe Biopharma

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)[**Adagene** $83M · Jul 2025](https://millionrounds.com/company/adagene)

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