# Innovent Biologics funding: rounds and investors

> Innovent Biologics has raised $385M across 3 rounds since 2012. Investors include F-Prime Capital, Lilly Asia Ventures and Fidelity Growth Partners Asia.

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

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

# Who invested in *Innovent Biologics*

3 rounds we have observed, with the 8 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

**$385M** raised across 3 rounds since 2012, from 3 sources

**$25M** Series B **$100M** Series C **$260M** Series D

- **Latest round:** Series D, $260M Nov 2016
- **Step-up i:** 2.6×
- **Investors:** 8

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.

2013 2014 2015 2016

**$25M** Series B

**$100M** Series C

**$260M** Series D

- **First round:** Series B, $25M
- **Biggest round:** $260M
- **Usual gap between rounds:** 2.2 years

## The rounds

- **Nov 2016** Series D **$260M** No investor was named in the report. Reported by FinSMEs
- **Jan 2015** Series C **$100M** *3 new* *3 returning* [Temasek Holdings](https://millionrounds.com/fund/temasek) [Legend Capital](https://millionrounds.com/fund/legend-capital) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) [Fidelity Growth Partners Asia](https://millionrounds.com/fund/fidelity-growth-partners-asia) [Frontline BioVentures](https://millionrounds.com/fund/frontline-bioventures) From a historical funding record
- **Nov 2012** Series B **$25M** *5 new* [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) [Fidelity Growth Partners Asia](https://millionrounds.com/fund/fidelity-growth-partners-asia) [Lilly Asian Ventures](https://millionrounds.com/fund/lilly-asian-ventures) Reported by fiercepharmamanufacturing.com

## 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 B** 2012 **Series C** 2015 **Series D** 2016 [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) [Fidelity Growth Partners Asia](https://millionrounds.com/fund/fidelity-growth-partners-asia) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Legend Capital](https://millionrounds.com/fund/legend-capital) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) [Frontline BioVentures](https://millionrounds.com/fund/frontline-bioventures) [Lilly Asian Ventures](https://millionrounds.com/fund/lilly-asian-ventures)

## Everyone who backed them

[F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **2** rounds

[Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) VC firm **2** rounds

[Fidelity Growth Partners Asia](https://millionrounds.com/fund/fidelity-growth-partners-asia) Investment firm **2** rounds

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round

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

[Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) Investment firm **1** round

[Frontline BioVentures](https://millionrounds.com/fund/frontline-bioventures) Investment firm **1** round

[Lilly Asian Ventures](https://millionrounds.com/fund/lilly-asian-ventures) VC firm **1** round

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

## Also claim to have backed them

This firm lists Innovent Biologics 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.

[LAV Asset Management (HONG KONG) Limited](https://millionrounds.com/fund/lav-asset-management-hong-kong-limited) Investor Per its own site

## Quick answers about Innovent Biologics

### Who invested in Innovent Biologics?

Innovent Biologics's investors include F-Prime Capital, Lilly Asia Ventures, Fidelity Growth Partners Asia, Temasek Holdings and Legend Capital, and 3 more on record.

### How much has Innovent Biologics raised?

Innovent Biologics has raised $385M across 3 rounds since 2012.

### When did Innovent Biologics last raise?

Innovent Biologics's most recent round was a Series D of $260M in Nov 2016.

### What was Innovent Biologics's biggest round?

Its most recent round, $260M in Nov 2016, is also its largest on record.

### Who backed Innovent Biologics first?

Innovent Biologics's first round on record, in Nov 2012, was backed by F-Prime Capital, Lilly Asia Ventures and Fidelity Biosciences and 2 others.

### What stage is Innovent Biologics at?

Innovent Biologics's latest named round is a Series D, in Nov 2016.

### Where is Innovent Biologics based?

Innovent Biologics is based in China.

## Companies like Innovent Biologics

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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