# Cygnus Biosciences

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cygnus-biosciences

- Industry: Medical Devices & Equipment
- Headquarters: Beijing, China
- Website: www.cygnusbio.com
- Total disclosed funding: $49M
- Latest round: Series C (Mar 20, 2023)
- Investors on record: 18

## About

Established in 2015 and based in Beijing, China,Cygnus Biosciences is a biotechnology company which focuses on the R&D in DNA sequencing platforms, screening and diagnosis of clinical medicine. The company was founded by the team of academician Xiaoliang Xie, Yanyi Huang and Zitian Chen from Peking University. In 2016, the firm completed the design and development of the prototype of the sequencer. In 2018, it established a wholly-owned subsidiary Dyna Technology. Its first S100 gene sequencer was officially launched in 2022. In June 2022, the company's S100 gene sequencer and its accompanying sequencing kit was awarded CE-IVDR certification by the European Union. Cygnus Biosciences also has chemical and enzyme raw material production base, GMP reagent production workshop and instrument production factory. 

In July 2025, it closed a round of venture funding. In October 2025, Cygnus Biosciences closed a round of venture funding co-led by new investor Shunxi Fund and returning investor E-Town International Industrial Investment.

The company has two core sequencing technologies, fluorogenic and error correction coding (ECC). Its products can be categorized into three categories which are sequencers and sequencing reagents. Products within include S100 sequencer and universal kit for sequencing reactions. The company's products are used in the fields of pathogenic microorganisms, oncology, reproductive health, genetic diseases, agricultural breeding and other fields. The company generates revenue through the sale of sequencing instruments and reagents used in medical diagnostics, scientific research and agricultural applications.

The company will use the new round of funding from Shunxi Fund and E-Town International Industrial Investment to focus on the two core directions of R&D innovation and market expansion.

## Funding rounds

- Series C, Mar 20, 2023 — Lotus Lake Capital, Founder H Fund, Source Code Capital, E-Town International Industrial Investment, CCB Private Equity Investment Management
- Series C, Aug 5, 2022, $30M — China Structural Reform Fund Co., Ltd., Guolian Group
- Series C, Jun 11, 2020 — Jinyuan Kuntong Equity Investment Management, GET Investment Holdings
- Series B, May 28, 2018 — Qiaojing Capital, THG Ventures
- Series B, Nov 13, 2017, $20M — China Merchants Group Limited, General Technology Venture Capital, Lapam Capital, Zhongguancun Development Group, Proxima Ventures, Shanghai Dongfang Yirui Investment Management Co., Ltd., Puhong Capital

## Investors

- China Merchants Group Limited — Series B
- General Technology Venture Capital (https://capitalatlas.ai/funds/general-technology-venture-capital) — Series B
- Lapam Capital (https://capitalatlas.ai/funds/lapam-capital) — Series B
- Zhongguancun Development Group — Series B
- Proxima Ventures (https://capitalatlas.ai/funds/proxima-ventures) — Series B
- Shanghai Dongfang Yirui Investment Management Co., Ltd. — Series B
- Puhong Capital (https://capitalatlas.ai/funds/puhong-capital) — Series B
- Qiaojing Capital (https://capitalatlas.ai/funds/qiaojing-capital) — Series B
- THG Ventures (https://capitalatlas.ai/funds/thg-ventures) — Series B
- Jinyuan Kuntong Equity Investment Management (https://capitalatlas.ai/funds/jinyuan-kuntong-equity-investment-management) — Series C
- GET Investment Holdings — Series C
- China Structural Reform Fund Co., Ltd. — Series C
- Guolian Group (https://capitalatlas.ai/funds/guolian-group) — Series C
- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series C
- Founder H Fund (https://capitalatlas.ai/funds/founder-h-fund) — Series C
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Series C
- E-Town International Industrial Investment (https://capitalatlas.ai/funds/e-town-international-industrial-investment) — Series C
- CCB Private Equity Investment Management (https://capitalatlas.ai/funds/ccb-private-equity-investment-management) — Series C