# Shanghai Cell Therapy funding: rounds and investors

> Shanghai Cell Therapy has raised $176M across 2 rounds since 2018. Investors include Legend Capital and China Industrial Asset Management.

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

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

# Who invested in *Shanghai Cell Therapy*

2 rounds we have observed, with the 2 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

**$176M** raised across 2 rounds since 2018, from 2 sources

**$40M** Series C **$136M** Series C

- **Latest round:** Series C, $136M Dec 2018
- **Step-up i:** 3.4×
- **Investors:** 2

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.

2019

**$40M** Series C

**$136M** Series C

- **First round:** Series C, $40M
- **Biggest round:** $136M

## The rounds

- **Dec 2018** Series C **$136M** *1 new* [Legend Capital](https://millionrounds.com/fund/legend-capital) Reported by China Money Network
- **Nov 2018** Series C **$40M** *1 new* [China Industrial Asset Management](https://millionrounds.com/fund/china-industrial-asset-management) 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.

**Series C** 2018 **Series C** 2018 [Legend Capital](https://millionrounds.com/fund/legend-capital) [China Industrial Asset Management](https://millionrounds.com/fund/china-industrial-asset-management)

## Everyone who backed them

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

[China Industrial Asset Management](https://millionrounds.com/fund/china-industrial-asset-management) Company **1** round

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

## Quick answers about Shanghai Cell Therapy

### Who invested in Shanghai Cell Therapy?

Shanghai Cell Therapy's investors include Legend Capital and China Industrial Asset Management.

### How much has Shanghai Cell Therapy raised?

Shanghai Cell Therapy has raised $176M across 2 rounds since 2018.

### When did Shanghai Cell Therapy last raise?

Shanghai Cell Therapy's most recent round was a Series C of $136M in Dec 2018.

### What was Shanghai Cell Therapy's biggest round?

Its most recent round, $136M in Dec 2018, is also its largest on record.

### Who backed Shanghai Cell Therapy first?

Shanghai Cell Therapy's first round on record, in Nov 2018, was backed by China Industrial Asset Management.

### What stage is Shanghai Cell Therapy at?

Shanghai Cell Therapy's latest named round is a Series C, in Dec 2018.

### Where is Shanghai Cell Therapy based?

Shanghai Cell Therapy is based in China.

## Companies like Shanghai Cell Therapy

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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