Announced
Completed
Financials
Sources
Tags
Friendly
Completed
Private
Software
application software
China
Venture Capital
Private Equity
Minority
Acquisition
Cross Border
Synopsis
Sequoia Capital China, a venture capital firm, led a $232m Series F funding round in Yuanxin Technology, an internet technology company. Additional investors include Qiming Venture Partners, B Capital Group, Hel Ved Capital Management, Orbimed, United Overseas Bank, E Fund Management, Ab Initio Capital, Bank of China, INCE Capital, CITIC Securities, Kunling Capital and Index Capital. The new financing comes as Yuanxin is weighing a Hong Kong IPO that could raise at least $500m. Yuanxin Technology uses internet technology to create an intelligent system that connects doctors, patients, medicines, and insurance. The specialist is currently making efforts to accelerate its digital medical insurance mechanism by bridging brick-and-mortal hospitals and internet insurances.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.