Tianyu Elder Care Accelerates Digital Expansion with Two Funding Rounds in Three Months and Files IPO Prospectus

VCBeat has learned that Shanghai Tianyu Pension Service Co., Ltd. (“Tianyu Pension”) recently announced the completion of its latest funding round. The lead investor was the Asia Impact Fund under UOB Ventures, with existing shareholders participating in the follow-on investment. Notably, Changling Capital has increased its stake beyond the pro rata amount for four consecutive rounds.This financing round closed just three months after the previous one, bringing the combined total from both rounds to tens of millions of U.S. dollars. Since Hillhouse Ventures led Tianyu Pension’s Series A round in 2021, the company has completed four financing rounds. Its shareholder lineup also includes Zhongding Capital and Wanwu Capital, among others.

Tianyu Pension is a smart elderly care platform company that drives the development of China’s elderly care industry through digital technology. Committed to building China’s digital infrastructure for elderly care, Tianyu Pension focuses on the digital transformation and upgrading of elderly care services. Addressing the entire aging process, the company has independently developed digital system platforms centered around seniors’ holistic life scenarios—including “health,” “safety,” “care,” and “social participation”—to provide intelligent elderly care solutions derived from both global partnerships and in-house R&D.

Tianyu Pension has established a comprehensive service system covering home-based, community-based, institutional, and long-term care insurance services across major cities in China. Leveraging a robust digital system and a terminal network composed of thousands of service personnel, it provides high-quality health and elderly care services to millions of seniors. On May 30, Tianyu PensionStrategic Launch Event Titled “Refresh”Above (click for details), officially opened the digital elderly care platform and ecosystem to the elderly care industry, released the "Songchunguo" series of smart hardware solutions, and representatives of the first batch of industry empowerment customers shared their experiences on how Tianyu's digital platform and intelligent products helped increase business revenue and improve efficiency.

The funding will be used to upgrade and continuously optimize Tianyu’s digital elderly care infrastructure platform, develop more intelligent products and services tailored to home-based elderly care scenarios in China, and further advance the strategic initiative of empowering the elderly care industry and driving its digital transformation.