Home HuaDa YouYi Completes Tens of Millions RMB Pre-A Financing to Advance Synthetic Biology and Probiotics Innovation

HuaDa YouYi Completes Tens of Millions RMB Pre-A Financing to Advance Synthetic Biology and Probiotics Innovation

Sep 27, 2024 07:59 CST Updated 08:00
HAOYUE CAPITAL

Financial Advisory Service Agency

VCBeat has learned that Hefei Huada Youyi Biotechnology Co., Ltd. (hereinafter referred to as “Huada Youyi”) recently announced the completion of its Pre-A financing round, amounting to tens of millions of RMB. The round was led by Hefei Luyang Technology Innovation Group Co., Ltd. and a well-known local state-owned enterprise in Hefei, with HAOYUE CAPITAL serving as the exclusive financial advisor.This round of financing will enable Huada Youyi to further expand its R&D platform, increase production capacity, and scale up sales, thereby driving in-depth development in the fields of synthetic biology, molecular breeding, and probiotics.

Huada Youyi was established in September 2023. Leveraging the genomic data advantages accumulated by Shenzhen BGI Agriculture Holdings Co., Ltd. (BGI Agriculture) in the field of animal and plant research, the company aims to build a leading enterprise covering agriculture and human health through genetic technology. Initially focusing on “precision nutrition” as its core business, it is gradually expanding into new business areas such as microbial fertilizers, seed industry, and precision nutrition for animals and plants. By utilizing genetic technology, the company conducts operations centered on the nutritional needs and growth development of humans, animals, and plants. Meanwhile, it owns a multi-omics big data center for animal and plant germplasm resources, providing data services for the animal and plant seed industries, and striving to become a global leading provider of big data-driven intelligent breeding solutions.


The company boasts robust technical expertise and a comprehensive technology platform, featuring diverse microbial screening and molecular breeding capabilities. It has previously operated several certified technical platforms, including the State Key Laboratory of Agricultural Genomics, the Key Laboratory of Genomics under the Ministry of Agriculture, the Shenzhen Key Laboratory of Genomics, and the Probiotics Laboratory. Leveraging BGI Agriculture’s high-throughput microbial technology platform, the company can cultivate diverse and superior strains. In terms of intellectual property, it maintains a collection of over 1,000 deposited strains, holds dozens of patents for deposited strains, and has filed numerous patent applications. The agricultural division owns 209 invention patents and more than 20 new plant variety rights. The company houses the world’s largest agricultural species genomic database, has identified and preserved over 20,000 microbial strains, and maintains an extensive strain library. Additionally, it holds more than 30,000 resource materials, including animal and plant DNA samples, germplasm resources, and cell lines.


With the support of this round of financing, the company will continue to adhere to R&D innovation as its driving force, accelerate the expansion and upgrading of its technology platforms, further expand applications in emerging scenarios within synthetic biology, probiotics, agricultural technology, and the broader health and medical sectors, and expedite the rapid dual-engine growth of its B2B and B2C businesses, aiming to build a domestically leading strain health and agricultural technology platform powered by gene technology.


Zhang Yang, Executive Director of Huada Youyi“He expressed his gratitude to the investors in this round for their support and trust in Huada Youyi. The capital injection demonstrates the investors’ recognition of the development prospects in synthetic biology, probiotic applications, and agricultural technology, as well as their confidence in our team. Leveraging our existing molecular breeding and probiotic R&D platforms and advantages, we will further explore innovative applications and product development within the broader health industry, while accelerating our commercialization strategy. Additionally, as a native of Hefei, I am deeply honored to receive recognition from local venture capital firms in this financing round. In recent years, Hefei has rapidly emerged as a ‘Venture Capital City,’ offering substantial support and favorable policies for innovative enterprises, along with rich industrial synergies in molecular breeding and probiotics. With the support of the Hefei municipal government and the leadership of our team, I am confident that Huada Youyi will achieve sustainable long-term growth.”


Investors in this roundstated: “The probiotics and agricultural technology industries are characterized by broad applications and rapid development. Hefei Huada Youyi Biotechnology Co., Ltd. possesses robust technical resources and an innovation-driven technology platform, along with a substantial portfolio of patents. The company has established an excellent commercialization strategy for probiotic applications and demonstrates strong synergy with local industries. We are honored to participate in the investment in this Huada Youyi project. We firmly believe that Huada Youyi will remain committed to innovation, leveraging its superior technologies to drive the industry’s rapid and green development.”


Sun Silong, Director at HAOYUE CAPITAL“We are honored to assist our old friend and new partner, Hefei Huada Youyi Biotechnology Co., Ltd. (Huada Youyi), in completing this round of financing. Leveraging the profound omics data advantages accumulated by BGI Agriculture in the fields of animal and plant genomics and microbial strain research, Huada Youyi focuses on gene technology to drive core R&D and product strengths spanning agriculture and human health. We believe that this financing will enhance Huada Youyi’s capabilities in R&D, production, and sales, consolidate its leading position in the industry, and lay a solid foundation for the company’s rapid future growth. We remain firmly optimistic about Huada Youyi and are committed to growing alongside the enterprise.”