<article>Beijing-based medtech startup LinkDoc has closed an RMB 1-billion ($151 million) Series D round backed by Chinese sovereign wealth fund China Investment Corporation, according to local media reports.</article>

Beijing-based medtech startup LinkDoc has closed an RMB 1-billion ($151 million) Series D round backed by Chinese sovereign wealth fund China Investment Corporation, according to local media reports.
Based on media reports, the funding round has pushed LinkDoc&#8217;s valuation to more than $1 billion, pushing it into the unicorn club. It had last raised an <a href="https://www.dealstreetasia.com/stories/oncology-firm-linkdoc-raises-series-b-funding-from-china-broadband-capital-36454/">undisclosed Series B</a> round led by Hong Kong private equity firm China Broadband Capital in 2016.
Founded in 2014, LinkDoc focuses on developing medical data solutions and a big data platform for oncology to help provide clinical structured data for China&#8217;s oncology hospitals and to solve scientific and clinical problems.
It claims to have worked with nearly 500 top-tier hospitals, serving more than 30,000 clinicians and helping manage more than 2 million clinical records.
Healthcare and biotechnology are becoming a popular investment sector as startups have been receiving large financing rounds from VCs.
Recent deals include Sinovac Biotech raising $86 million via private placement, I-Mab closing a $220-million Series C led by Hony Capital, and Alibaba-owned private equity firm Yunfeng Capital acquiring German drugmaker AMW GmbH.
In addition, Tencent-backed WeDoctor, which uses AI to analyse data and detect ailments, is recently reported to have hit a $5.5-billion valuation.
Another biotech startup, Innovent Biologics Inc, backed by Singapore&#8217;s state investment firm Temasek Holdings, is looking to raise up to $500 million in its upcoming Hong Kong IPO.
Also read: 
<a href="https://www.dealstreetasia.com/stories/oncology-firm-linkdoc-raises-series-b-funding-from-china-broadband-capital-36454/">Data firm LinkDoc raises Series B led by China Broadband Capital</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/innovent-biologics-hong-kong-ipo-100972/">Temasek-backed Chinese biotech firm Innovent Biologics eyes HK IPO</a>
<a href="https://www.dealstreetasia.com/stories/tencent-backed-chinese-startup-wedoctor-wants-to-be-the-amazon-of-healthcare-101089/">Tencent-backed Chinese startup WeDoctor wants to be the Amazon of healthcare</a>

Backed by Chinese sovereign wealth fund China Investment Corporation, the funding round has pushed LinkDoc's valuation to more than $1 billion, pushing it into the unicorn club.

Chinese sovereign wealth fund backs medtech startup LinkDoc's $151m Series D

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Chinese sovereign wealth fund backs medtech startup LinkDoc's $151m Series D

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