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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead 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 million||Strategic Investment||SoftBank Vision Fund 2||OrbiMed Healthcare Fund Management, 3W Partners Fund||Robotics & Drones|
|PackGene Biotech||Guangzhou||* 15 million||Pre-C||-||CMB International, Guangzhou Juguan Investment, Sequoia Capital China, Cathay Capital, Kaitai Capital, Oriza Seed, Decheng Capital||Biotech|
|Axera||Beijing||15 million||Pre-A, A||Pre-A: Qiming Venture Partners; A: Beijing Heju Investment||Pre-A: Legend Star; A: Glory Ventures, Zoo Capital, Qiming Venture Partners, Legend Star, Cedarlake Capital||AI and Machine Learning|
|RoboticPlus.AI||Shanghai||15 million||B||BAI, C Ventures||Poly Capital||Robotics & Drones|
|Mantis||Beijing||15 million||A||SIG||Xinyi Capital||EdTech|
|Xingshen Zhixuan||Changsha||15 million||A||-||Hony Horizon Fund, Yannan AI Industry Fund, Honghao Capital, Ubtech||Autonomous Driving|
|Rellergen||Xiamen||* 1.5 million||Pre-A||Riverhead Capital||Taiyu Capital||HealthTech|
|Connect Medical Value||Hangzhou||* 1.5 million||A||Sequoia Capital China||Hangzhou Wanlun Shangde Investment, Marathon Venture Partners||HealthTech|
|blbm||Shanghai||* 1.5 million||A+||-||Jinpu Disu Fund||N/A|
|DataSecOps||Beijing||1.5 million||Angel||-||Mount Morning Capital||Big Data|
|Leadgentech.Ai||Ganzhou||-||-||-||Ganzhou Financial Holdings, Ganzhou. Jingkai Industry Development||Autonomous 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.