Changing Bio

Active#39 worldwide · Alternative proteinsNot open to Backers

Estimated valuation · Alternative proteins · China

Produces microbial proteins by precision fermentation, including yeast-made dairy proteins, and supplies them as ingredients to food and beverage manufacturers in China.

Food & agriculture›Alternative proteins

HQChina

Last roundSeries A · Jun 2022

Estimated valuation

AI · Alternative proteins ranking (worldwide)

≈ USD 110MUSD 72–160M · Hundreds of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series A · USD 20.9M · Jun 2022

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Alternative proteins · worldwide	Top 50	#39	Edition 0 · Oct 2026	28 Feb 2027

Rank historyOct 2026 · #39 Alternative proteinsFirst edition: no movements yet.

Funding history

Date	Round	Amount	Type	Investors
Jun 2022	Series A	USD 20.9M	Equity	Shixin Capital, Sidao Capital, Sherpa, Hillhouse Ventures

CNY 140M; a later Series A+ of undisclosed size (Jun 2023).

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

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What the AI reads

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.