Ehome Health, a point-of-care-testing (POCT) services provider for primary care, has secured its Series A round funding raising nearly $10 million, per a company statement on Tuesday.
The fresh round was raised from Joy Capital, a TMT and new consumption-led fund that has invested in industry majors like Newlink, Nice Tuan, NIO, and Mobike.
Ehome, set up in 2014, has offered novel POCT equipment and tools to over 20,000 primary care clinics. The provider targets to cover more than 10,000 primary care units across the country in 2021.
Ehome’s early-stage investors include Legend Holdings’ Legend Star, Purple Cow Startups, QF Capital, and Chengcun Investment.
According to National Health Commission’s statistics, nearly 960,700 primary care clinics in the country need services such as the POCT.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from March 19 – 23, 2021.
| Startup | Headquarter | Investment Size (USD) | Investment Stage | Lead Investor(s) | Other Investor(s) | Verticals |
|---|---|---|---|---|---|---|
| Momenta | Beijing | 500 million | - | SAIC Motor,Toyota Motor, Bosch ROBG.UL, Temasek, YF Capital | Shunwei Capital, GGV Capital, Tencent, Cathay Capital, Daimler AG DAIGn.DE | Autonomous Driving |
| Newlink Group | Beijing | 200 million | Equity Investment | Bain Capital | Joy Capital | CleanTech |
| EpimAb Biotherapeutics | Shanghai | 120 million | C | CMB International (CMBI), Mirae Asset Financial Group | Hony Capital, Cormorant Asset Management, Yanchuang Capital, Octagon Capital, ShangBay Capital, Adrian Cheng (Individual investor) | - |
| Innoforce Pharmaceuticals | Hangzhou | 96 million | A | Yanchuang Capital, South China Venture Capital | Quan Capital | N/A |
| Taishan Beer | Taishan | 92 million | Equity Investment | - | CMC Capital | N/A |
| Shanghai ZhenGe Biotechnology | Shanghai | 70 million | B | Qiming Venture Partners, IDG Capital | CMB International, GP Capital, Cash Capital, Hangzhou Fulin Investmen, LYFE Capital, Guofang FOF, GT Capital | N/A |
| NovoCodex Biopharmaceuticals | Shaoxing | 62 million | A | MatrixPartners China, Lilly Asia Ventures (LAV) | Hangzhou Sanhua Hongdao Investment, CMG-SDIC Capital, | N/A |
| Winnicssec | Beijing | 46 million | D | China State-Owned Capital Venture Capital | Poly Huixin Fund Investment Management | AI and Machine Learning |
| ForwardX Robotics | Beijing | 38 million | Pre-C | CDH Venture and Growth Capital (VGC), Eastern Bell Capital, Dehou Capital | ZGC Group, Angel Around Capital | Robotics & Drones |
| wenjuan.com | Shanghai | 28 million | C+ | IDG Capital, Qianhai FOF, CYTS Hongqi (Hengqin) Investment | Oriza Holdings | Research (Non-Medical) |
| Hangzhou Jianhai Technology | Hangzhou | 23 million | B | Sequoia Capital China | Source Code Capital, Sherpa Healthcare Partner | HealthTech |
| huan.TV | Guangzhou | * 15 million | C | CMC Capital Partners' sub-fund | Yidun Fund, Besttone, New Alliance Capital | N/A |
| Wangjiadu Foods | Meishan | 15 million | A | - | Fosun Xingyuan Innovation Fund, Fanqie Capital | N/A |
| Youwei Technology | Shenzhen | 15 million | C++ | - | Unicom CICC Capital, Oriental Fortune Capital, Qifu Guolong Capital | CleanTech |
| Xmirror Security | Beijing | 15 million | A | Tencent Investment | Sequoia Capital China | AI and Machine Learning |
| Keythera Pharmaceuticals | Suzhou | 15 million | A+ | Yijing Capital | Diyi Guanxi Investment, Qushi Investment | N/A |
| hrfax.cn | Hangzhou | 15 million | B | Co-win Capital | - | Fintech |
| Ehome Health | Changsha | 10 million | B | - | Joy Capital | HealthTech |
| ShowMeBug | Shenzhen | * 1.5 million | Pre-A | - | ZhenFund | HR tech |
| Zhigui Technology | Xi An | * 1.5 million | B | - | SAIF Partners China founder Yan Yan | Blockchain |
| apiseven.com | Shenzhen | * 1 million | A | Shunwei Capital | ZhenFund | Cloud Computing |
| Sanliang | Beijing | * 1 million | Pre-A | IMO Ventures | - | N/A |
| Mood | Hangzhou | * 1 million | Angel | Plum Ventures | - | Social Media |
| Fova Energy | Beijing | * 1 million | Angel+ | - | Shunwei Capital | Electric/Hybrid Vechicles |
