Yuanhua Intelligent Completes ￥10M Angel Round Financing

According to VCBeat, on July 13, 2020, Yuanhua Intelligent Technology (Shenzhen) Co., Ltd. ("Yuanhua Intelligent"), a company focusing on the R&D of orthopedic surgical robots, announced an angel round of tens of millions from Shenzhen Capital Group and Shenzhen Laterite Angel Fund. The fund raised will be mainly used for the clinical trials of the robot for total knee replacement and the R&D of other products.

Yuanhua Intelligent is a high-tech company focusing on high-end medical treatment and robotic surgical assistants. Under the leadership of Academician Meng Qinghu, the R&D team of the company consisting of doctors and masters from top universities at home and abroad is developing advanced medical and robotic products with innovative technologies for the benefit of mankind.

Yuanhua Intelligent has launched a world-leading robotic system assisting in orthopedic surgery. The system can help surgeons plan and perform all types of orthopedic surgeries such as knee and hip replacement, screw fixation, and spinal laminectomy. The clinical trial for total knee replacement is in progress.

Compared with other orthopedic surgical robots, the robotic system is based on multi-modal feedback of vision, position and force, with better flexibility and safety of interactive control, more accurate navigation and tracking, and shorter registration time. In addition, the product is also embedded with the self-developed algorithm of intraoperative safety protection to prevent accidental injury, thus further ensuring the efficiency and safety of the surgery.

SCGC is a limited venture capital company established by Shenzhen Government in 1999. SCGC has a registered capital of 5.42 billion yuan. It primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in the start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumer goods, modern service, etc.

Laterite Angel Fund was established in 2018 with registered capital of 500 million yuan, jointly by Laterite Equity Investment Management (Shenzhen) Co., Ltd. (a subsidiary of SCGC), Shenzhen Angel Investment Guide Fund Co., Ltd. and SCGC.