China Digest: Yunhu Tech raises Series A+; Sequoia backs Jushuitan


Yunhu Technology, an internet platform for primary medical services, has secured tens of millions of RMB in a Series A+ financing led by China Creation Ventures while Sequoia Capital China has invested in a Series B3 round for SaaS ERP service provider Jushuitan.

China Creation Ventures leads Series A+ for Yunhu Technology

Yunhu Technology has secured tens of millions of RMB in Series A+ financing led by China Creation Ventures, according to an announcement.

Existing backers including Vision+ Capital, Morningside Venture Capital, Cash Capital and BioTrack Capital also participated in the round.

The Hangzhou-based business was founded in 2017 and aims to make medical examination and diagnosis available to everyone, and has created China’s first internet platform for medical examination that connects more than a thousand local medical institutions.

“The huge gap between the demand and supply in China’s healthcare resources has been a long term issue. We are aiming to break the gap between the healthcare services quality from the countryside and the cities; therefore, to provide an equal healthcare environment for every family in this country,” said Yunhu Technology founder Xiaobin Chen.

Yunhu Technology previously raised a pre-Series A round investment from Vision+ Capital and Morningside Venture Capital.

Sequoia Capital China backs Series B3 round for Jushuitan

Chinese venture capital firm Sequoia Capital has invested RMB 300 million ($44.70 million) in a Series B3 round of financing for software as a service (SaaS) enterprise resource planning (ERP) solution provider Jushuitan, China Money Network reported.

Jushuitan, fully known as Shanghai Jushuitan Network Technology Co., was founded in January 2014 to provide SaaS ERP application services such as ordering, purchasing, after-sales, supply chain, and third-party warehousing services to e-commerce platforms.

Last year, Jushuitan had raised RMB 100 million in Series B funding from Vision Plus Capital.

Also Read:

SoftBank, Sequoia China invest $50m in selfie app developer Snow

Sequoia, Lightbox lead $16m funding in Indian food delivery startup Faasos