AI-driven medical diagnosis service developer Beijing Shukun Network Co., Ltd has announced that it has secured 200 million yuan ($28 million) in its Series B1 round of financing led by BOC International Holdings Limited, a state-owned investment bank.
CCB International’s joint fund Jianxing Medical Fund participated in the latest round, which was also joined by existing investors Huagai Capital and CCV.
The company will use the proceeds to develop smart detection capability for the nervous system, oncology and heart diseases.
Headquartered in Beijing, Shukun offers smart “scan to report” to help hospitals and clinics to maximize disease diagnosis efficiency management. It claims to have served over hundreds of leading hospitals including Peking Union Medical College Hospital, Beijing Friendship Hospital, The First Affiliated Hospital of Sun Yat-Sen University, among others.
Shukun closed 100 million yuan ($14 million) in its Series A round of funding from Morningside Venture Capital, Huagai Capital, Marathon Venture Partners, and Lightsilver Capital in July 2018.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from June 11-15, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Tongcheng Life||Suzhou||200 million||C||Joyy Inc, Engage Capital||Legend Capital, Oriza Holdings, Tongcheng Capital||E-commerce|
|Beijing Yuanxin Technology||Beijing||85 million||D1||-||INCE Capital, CITIC Securities, Index Capital, Qiming Venture Partners, Sequoia Capital China||HealthTech|
|Immvira||Shenzhen||58 million||B||Huagai Capital||Apricot Capital, Cowin Capital, Hillhouse Capital||HealthTech|
|Baijia Food||Chengdu||28 million||B||GL Ventures||Yishan Capital, MTCCBT, Before Capital, Cowin Capital||Foodtech|
|Beijing Shukun Network||Beijing||28 million||B1||BOC Internatinal Holdings Limited||Jianxing Medical Fund, Huagai Capital, CCV||AI and Machine Learning|
|VisionNov Robotics||Shenzhen||14 million||B1||Lenovo Capital||Flyfot Ventures, Eastern Bell Capital||Electric/Hybrid Vechicles|
|Maoruixin (Shenzhen) Technology||Shenzhen||7 million||A||Allin Capital, Jinpu Xinchao Investment Management||Pengchen Investment||N/A|
|Mounsey||Beijing||7 million||A||N5 Capital||-||E-commerce|
|Shenzhen Tengshi Technology||Shenzhen||* 1.4 million||A||Qualcomm||Founder H Fund, FH Capital, Dingqing Ventures||AI and Machine Learning|
∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “10 million yuan ($1.4 million)” in the given example.