Huamei Haolian Secures Tens of Millions in Series A+ Funding Led by GSR Ventures

June 2022,E-Health Now, a Leading Enterprise in the Health Management Services Sector, “Reports Frequent Successes” : Following the founder,CEOMs. Xu Bingyu has been awarded the “2022Future Healthcare of the Year100After receiving the honor of “Strong · Annual Innovative Entrepreneur,” E-Health Now23announced the completion of tens of millions of yuanA+round of financing.

This round of financing was led byGSR VenturesLead investor,ALead Investor: Yintai CapitalVentech ChinaCo-investment by Langrun Investment. Amid a relatively subdued capital market, the entry of top-tier investors not only signals optimism toward the health management services sector but also affirms the value of E-Health Now.

As the lead investor in this round of financing,GSR VenturesManaging Partner Zhu XiaohuIntroduction: The investment in E-Health Now was a decision made after a comprehensive assessment of its development stage and potential.

Zhu Xiaohu stated that China’s commercial health insurance market is still in a booming phase, with significant growth potential.2021nearly9000market size of hundreds of millions of yuan, projected2025can be achieved annually2trillion yuan, and annually at20-30%CAGR...rate of growth. Health insurance is inherently closely integrated with health management, and commercial insurers greatly require professional health management organizations to provide scientifically sound and effective health services as well as high-quality medical resource support. The integration of the two will gradually become an industry standard.

“E-Health Now has a unique positioning, having established long-term, in-depth partnerships with leading medical institutions both domestically and internationally, while also addressing health insurance”+“Addressing the core pain points of healthcare services, we have created a new, sustainable model that delivers mutual benefits to users, medical institutions, and insurance providers. We look forward to E-Health Now leveraging its efficient execution capabilities, as well as its professional and compliant service expertise, to drive innovative industry value in the fields of insurance and healthcare management.” Zhu Xiaohu said so.

AYintai Capital, the lead investor in this round, remains bullish on E-Health Now,Founding and Managing Partner, Yintai CapitalEric HuetIt was stated that as China’s healthcare reforms deepen, with the separation of prescribing from dispensing and the gradual integration of diversified commercial health insurance into the healthcare security system, the golden age of commercial insurance has arrived.

In this context, E-Health Now has taken the lead in the industry by integrating digital health management with health insurance in China. By rapidly building a large-scale health management community through its services, E-Health Now not only meets the needs of hospitals and patients but also helps insurers establish higher-quality service systems, delivering end-to-end solutions ranging from actuarial science to risk control and claims settlement. “Since engaging with E-Health Now, we have actively collaborated with their team, providing access to resources from major enterprises, insurance companies, and community clients. We will also continue to explore future industry development directions together with E-Health Now.”

Based on evaluations from investment institutions, we can summarize the core competencies that have made E-Health Now a favorite among investors as follows:

First, establish in-depth collaborations with high-quality medical institutions both domestically and internationally,Leveraging top-tier medical resources both domestically and internationally, it has established significant competitive barriers in terms of cross-border compliance, stability, and sustainability. Currently, E-Health Now has partnered with leading domestic and international20%officially established in-depth cooperation with top-tier medical institutions41specialty services.

Second,Innovative health management service system and health insurance product development capabilities.Drawing on in-depth expertise in mature health management service systems, E-Health Now has developed a full-lifecycle digital health management service system tailored to China’s specific conditions. Within two years, the company has launched nearly 40 health management services and health insurance products, earning strong market recognition.

Third, a team with deep insights into the health management industry and strong execution capabilities.Leveraging over 50 years of cumulative industry experience from its core team, E-Health Now has rapidly expanded its market presence. Within just two years of entering the commercial insurance sector, it has partnered with 57 medium-to-large insurance companies, served more than 10 million customers, and developed an average of over 20 new health management services and health insurance products annually.

Although the overall macroeconomic market faces uncertainties such as pandemic-related fluctuations and the domestic and international economic environment, Xu Bingyu believes that opportunities and challenges coexist, and there remains favorable growth potential in the niche where E-Health Now operates, at the intersection of digital health management services and health insurance.

On one hand, the pandemic has heightened public health awareness, leading people to gradually accept digital management models as a supplement to, or even partial replacement for, traditional healthcare-seeking behaviors. On the other hand, E-Health Now has proactively identified market trends, strategically positioning itself in product and technology R&D to secure a first-mover advantage and precisely meet customer needs while enhancing service experience.

After more than four years of development,E-Health Now has successfully built a one-stop health management service platform by linking the clinical and commercial insurance sectors, continuously enhancing its platform through informatization, digitalization, and intelligent technologies.Innovation is the driving force behind E-Health Now’s business iteration. Over the past year, E-Health Now has devoted itself intensively to technology and product R&D, successfully achieving iterative upgrades in its technological offerings and market services.

First, E-Health Now successfully obtained the license for an internet hospital and established a digital health management service platform encompassing pre-consultation, during-consultation, and post-consultation phases. This system comprises three components: first, SaaS service modules that can be rapidly and flexibly configured according to different usage scenarios and user needs, enabling on-demand invocation and free, flexible combination of various applications; second, a data management middle platform capable of real-time updates, automatic analysis, and intelligent tracking; and third, intelligent triage and an intelligent disease knowledge graph.

Secondly, E-Health Now completed iterative upgrades to its million-yuan medical insurance, senior medical insurance, long-term critical illness insurance, and youth-exclusive medical insurance products. It also innovatively developed new insurance offerings, including overseas special drug coverage for cancer, exclusive medical insurance for individuals with pulmonary nodules and thyroid conditions, colorectal cancer insurance, gastric cancer insurance, dental insurance, and vision care insurance.

Finally, E-Health Now is also vigorously expanding and deepening its collaborations with insurance companies. E-Health Now provides commercial insurers with services for marketing-driven customer acquisition and the establishment of customer service systems, co-develops innovative insurance products, and deeply integrates these offerings with its own health management services, thereby delivering precise, combined health management and health insurance solutions to end-users.

As of the end of May 2022, E-Health Now had partnered with 57 insurance companies, covering 80% of its target insurance clients, with a customer repurchase rate of 100%. Notably, since 2022, 60% of E-Health Now’s commercial insurance projects have adopted long-term cooperation models with terms of three years or more.

It is understood that, following the completion of the financing round, E-Health Now will continue to refine its technology, upgrade and iterate its digital capabilities, accelerate the research and development of innovative health insurance products, expand its business and operations teams, and further extend its reach to top-tier medical institutions and insurance clients, thereby providing Chinese patients with more comprehensive and robust health management services and health insurance products.

GSR Ventures, established in 2004, has become one of the world’s most successful early-stage venture capital firms. It manages both U.S. dollar and RMB funds, with total assets under management exceeding $3 billion.

GSR Ventures focuses on early-stage investments, actively positioning itself for investment opportunities in China, the United States, and other parts of Asia, with a particular emphasis on AI-enabled enterprise services, consumer internet, and health tech.GSR VenturesWas among the earliest institutional investors in outstanding startups such as Didi Chuxing, Ele.me, Xiaohongshu (Little Red Book), Inke Live Streaming, Qunar, and Shanghai Dazhihui.

Ventech China has long maintained a focus on investing in early-stage projects within the broader consumer sector, demonstrating a strong ability to identify companies with unicorn potential at an early stage. Its successful investments include Jumei Youpin, Keep, Wandou Gongzhu, Blued, Xianmu, Supermonkey, and Asia Innovations.