Da Mi He Xiao Mi Completes Tens of Millions of USD Series D Funding to Advance Autism and Developmental Disorder Rehabilitation Services
Recently, Dami and Xiaomi, a service provider for children with autism spectrum disorders and pervasive developmental disorders, completed a Series D financing round amounting to tens of millions of US dollars. The round was led by ABC Impact Fund, with participation from renowned investment firms such as Yuanyi Investment and existing shareholder OrbiMed.China Renaissance served as the exclusive financial advisor for this transaction.
Shenzhen Fumi Health Technology Co., Ltd. (abbreviated as “Dami and Xiaomi”) was founded in September 2014. It is a service platform dedicated to the rehabilitation of children with autism spectrum disorder (ASD) and pervasive developmental disorders (PDD). The platform brings together top-tier domestic and international experts in child rehabilitation, child education, behavioral development pediatrics, and psychology. It has developed the RICE rehabilitation intervention system, which possesses complete independent intellectual property rights. Dami and Xiaomi provides integrated services for children on the autism spectrum and those with developmental disorders, including rehabilitation interventions, inclusive education support, home-based guidance, parent training, and popular science consultations.
Over the nearly eight years since its establishment, the company has opened more than 30 RICE rehabilitation centers in 14 major cities across China, including Beijing, Shanghai, Guangzhou, Shenzhen, Zhengzhou, Wuhan, Nanjing, Dongguan, Ningbo, Hangzhou, Foshan, Suzhou, and Changsha. It serves tens of thousands of children with autism annually, currently employs over 1,000 homegrown rehabilitation therapists, and boasts the largest peer group of nearly 100 Board Certified Behavior Analysts (BCBAs), Board Certified Assistant Behavior Analysts (BCaBAs), speech therapists, and occupational therapists.
Furthermore, Dami and Xiaomi has accumulated a substantial volume of rehabilitation and sociological data on children with autism. Building on this foundation, the company has assembled a multidisciplinary team spanning autism rehabilitation, internet technology, artificial intelligence, and machine learning to develop an intervention and rehabilitation system tailored for children with autism and developmental disorders. In October 2019, Dami and Xiaomi launched its proprietary RICE rehabilitation system, which focuses on improving core social deficits in children with autism. The system has been continuously upgraded and refined to enable broader access to professional, evidence-based rehabilitation interventions. Currently, Dami and Xiaomi collaborates with numerous experts and research institutions in the United States, Japan, Hong Kong (China), and Taiwan (China), and has initiated joint programs with multiple universities in mainland China to cultivate specialized professionals.
Jiang Yingshuang, Founder of Dami and Xiaomistated, “Despite the challenging environment posed by the COVID-19 pandemic, Dami and Xiaomi has maintained stable development and demonstrated its capacity to achieve more ambitious goals. We are deeply grateful for the strong support from both existing and new shareholders. The new funding will be directed toward enhancing the quality of rehabilitative interventions for children, improving our service system, and developing new products.”
Xie Yijing, Managing Director and Head of the Healthcare & Life Sciences Group at China Renaissancestated: “We are honored to have assisted Dami and Xiaomi in completing this round of financing. We are optimistic about the substantial market demand and growth potential in the field of rehabilitation for children with autism, and we highly recognize the company’s independent R&D and innovation capabilities in this sector. We sincerely hope that the company will leverage this financing to promote sustained development in this field and usher in a new era of specialized autism rehabilitation interventions.”