Sequoia backs Connect Medical Value and 10 more deal updates from Greater China

Dermatology solutions provider Connect Medical Value (CMV) has secured “millions of US dollars” in its Series A round of financing led by Sequoia Capital China.

Lifescience-focused Hangzhou Wanlun Shangde Investment participated in the round as a new investor, per a company statement. 

Early-stage healthcare investment firm Marathon Venture Partners made a follow-on investment in the round.  

Proceeds from the latest round will be used to level up its digital healthcare management platform, and to enhance its talent pool. 

Connect Medical Value, also known as Yongliu Technology, uses AI to develop skin disease-based digital healthcare management platforms and solutions.  

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 07, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
EDDA Healthcare and Technology Holding, EDDA Technology (Shanghai),  EDDA Technology Medical Solutions (Suzhou), EDDA Technology (Princeton)Shanghai, Suzhou, Princeton 150 millionStrategic InvestmentSoftBank Vision Fund 2OrbiMed Healthcare Fund Management, 3W Partners FundRobotics & Drones
PackGene BiotechGuangzhou* 15 millionPre-C-CMB International, Guangzhou Juguan Investment, Sequoia Capital China, Cathay Capital, Kaitai Capital, Oriza Seed, Decheng CapitalBiotech
AxeraBeijing15 millionPre-A, APre-A: Qiming Venture Partners; A: Beijing Heju InvestmentPre-A: Legend Star; A: Glory Ventures, Zoo Capital, Qiming Venture Partners, Legend Star, Cedarlake CapitalAI and Machine Learning
RoboticPlus.AIShanghai15 millionBBAI, C VenturesPoly CapitalRobotics & Drones
MantisBeijing15 millionASIGXinyi CapitalEdTech
Xingshen ZhixuanChangsha15 millionA-Hony Horizon Fund, Yannan AI Industry Fund, Honghao Capital, UbtechAutonomous Driving
Rellergen Xiamen* 1.5 millionPre-ARiverhead CapitalTaiyu CapitalHealthTech
Connect Medical Value Hangzhou* 1.5 millionASequoia Capital China Hangzhou Wanlun Shangde Investment, Marathon Venture PartnersHealthTech
blbmShanghai* 1.5 millionA+-Jinpu Disu FundN/A
DataSecOpsBeijing1.5 millionAngel-Mount Morning CapitalBig Data
Leadgentech.AiGanzhou---Ganzhou Financial Holdings, Ganzhou. Jingkai Industry DevelopmentAutonomous Driving

∗ 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 ($1.5 million)” in the given example. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.