About Thermona
Thermona is a company based in Beijing (China) founded in 2021 by Wei Wensheng.. Thermona has raised $57 million across 3 funding rounds from investors including Tencent, MSACAP and Sherpa Healthcare Partners. Thermona operates in a competitive market with competitors including Moderna, Adaptive Biotechnologies, Chimerix, HOOKIPA Pharma and Novavax, among others.
- Headquarter Beijing, China
- Founders Wei Wensheng
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57 M (USD)
in 3 rounds
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Latest Funding Round
$42 M (USD), Series A
Jun 20, 2022
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Investors
Tencent
& 5 more
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Employee Count
Employee Count
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Funding Insights of Thermona
Thermona has successfully raised a total of $57M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $42 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $42.0M
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First Round
First Round
(01 Nov 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Thermona | Valuation | MSA | |
| May, 2022 | Amount | Seed - Thermona | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - Thermona | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thermona
Thermona has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, MSACAP and Sherpa Healthcare Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by MSA venture capital fund.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investment in health innovation and therapies is facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thermona
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Thermona
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thermona Comparisons
Competitors of Thermona
Thermona operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moderna, Adaptive Biotechnologies, Chimerix, HOOKIPA Pharma and Novavax, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
mRNA-based therapeutics for diseases including cancer and infections are developed.
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| domain | founded_year | HQ Location |
Clinical diagnostics and drug discovery for immune diseases are provided.
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| domain | founded_year | HQ Location |
Antiviral oral therapeutics are developed for infectious diseases and cancers.
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| domain | founded_year | HQ Location |
Developer of immunotherapies for the treatment of infectious diseases and cancer
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| domain | founded_year | HQ Location |
Novel vaccines are developed using nanoparticle and matrix adjuvant technology.
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| domain | founded_year | HQ Location |
Developer of novel protein-based therapeutics using machine learning and biological engineering
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thermona
Frequently Asked Questions about Thermona
When was Thermona founded?
Thermona was founded in 2021.
Where is Thermona located?
Thermona is headquartered in Beijing, China.
Is Thermona a funded company?
Thermona is a funded company, having raised a total of $57M across 3 funding rounds to date. The company's 1st funding round was a Seed of $15M, raised on Nov 01, 2021.
What does Thermona do?
Developer of RNA technology-based drugs to address various diseases. The company focuses on the development of vaccines and treatments using circular RNA technology against the new coronavirus and its variants. Also, it is developing therapeutic proteins or polypeptides for rare diseases and cancer treatment.
Who are the top competitors of Thermona?
Thermona's top competitors include Moderna, Adaptive Biotechnologies and Generate Biomedicines.
Who are Thermona's investors?
Thermona has 6 investors. Key investors include Tencent, MSACAP, Sherpa Healthcare Partners, 3H Health Investment, and Quan Capital.