Chinese healthtech firm Kyee raises $64m in Series D round led by Tencent

SB China Capital (SBCVC)-backed healthtech firm Shanghai Kyee Technology Co., Ltd has raised 430 million yuan ($64 million) in its Series D round led by Chinese tech giant Tencent, per an announcement.

The round also saw the participation Kyee’s existing investors namely DYEE Capital, Royal Sea Capital, Beijing Meihe Zhongbang Technology and Jiaxing Guangrun. New investor Longmen Capital also joined the round. 

Tencent and Kyee will help to transform the industry by revamping the segments toward medical cloud and smart medical care.  

Kyee, established in 2014 by founder Zhi Li, provides smart healthcare solutions driven by new generation technologies such as cloud computing and software-as-a-service (SaaS). It offers a slew of services ranging from hospital resource planning, and medical cloud, among others.

It claims to have served over 13,000 medical institutions such as Shenzhen People’s Hospital, The First People’s Hospital of Guangyuan, Penglai People’s Hospital, among others. 

SB China Capital is Kyee’s largest shareholder and owns 39.64 per cent stake in it. Meanwhile, CDH Investments holds a total of 12.36 per cent stake. 

SB China Capital along with CDH, DYEE, Sensegain Asset Management and Echo Capital had earlier invested 97 million yuan ($14 million) in Kyee’s Series C+ round in 2016. Prior to that, in 2015, SB China along with Sensegain and Highlight Capital had infused 221 million yuan ($33 million) in its Series C round. 

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.