Chinese healthtech firm Yuanxin rakes in $232m from Sequoia China, others dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Last year the digital health sector smashed all previous records for both fundraising and consumer adoption of novel technologies. So far, 2021 is already on track to outshine last.
The company, which counts Tencent Holdings Ltd. and Qiming Venture Partners among its backers, is working with CLSA Ltd. and Goldman Sachs Group Inc. on the potential share sale, the people said. An offering could happen as soon as this year, said the people, asking not to be identified as the information isn’t public.
Separately, Miaoshou Doctor is also looking to raise about $200 million to $300 million in a funding round before the first-time share sale, they said.
Details of the IPO including size and timeline could still change as deliberations continue, the people said. Representatives for CLSA and Goldman Sachs declined to comment, while a representative for Miaoshou Doctor didn’t immediately respond to requests for comment.
AlleyWatch
Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for February 2021. I have included some additional information such as industry, round type, a brief description of the company, investors in the round, company location, and total equity funding raised for the company to further the analysis.
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Beijing-based Miaoshou Doctor is a healthcare service platform for building an online communication service platform between patients and doctors. Founded in 2014, Miaoshou Doctor is backed investors that include Kun Ling Capital, Qiming Venture Partners, Sequoia Capital China, Starquest Capital, and Tencent Holdings.