LinkedCare Secures Over RMB 200 Million in Series C2 Funding to Accelerate Digital Transformation in Consumer Healthcare

VCBeat (WeChat ID: vcbeat) has learned that Linkedcare, a SaaS and supply chain platform for consumer healthcare, announced on December 3 the completion of its C2 round of financing, exceeding RMB 200 million. The round was led by So-Young International Inc. and Lightspeed China Partners, with existing investor Matrix Partners China increasing its stake.

Following this round of financing, Linkedcare will continueLinkedcare will increase R&D investment in the digitalization, networking, and intelligence of its dental practice management software and medical aesthetics management software. It will also ramp up investment in the supply chain for dental consumables and equipment, establish nine new regional warehouses across China to accelerate delivery speeds, and enhance customer experience. Meanwhile, Linkedcare will form a dedicated sales team for large-scale dental equipment to better meet clinics’ one-stop procurement needs and provide more convenient access to consumables for dental institutions in remote areas and lower-tier markets. Amid rapid business growth, the Linkedcare Consumables Supply Chain Platform will introduce third-party distributors and brand owners, adopting a hybrid platform model that combines direct operations with matchmaking services.Strategically aligning R&D and product development with ecosystem connectivity in the dental and medical aesthetics sectors, we continue to deepen our efforts to build an industrial internet platform for these industries, thereby driving supply-side reforms in dentistry and medical aesthetics.

Wu Zhijia, Founder and CEO of Linkedcare, stated that while the consumer healthcare industry is experiencing rapid growth, dental and medical aesthetics clinics face numerous challenges due to shifts in market conditions and consumer behavior, as well as intensifying competition. Linkedcare’s products address and resolve many operational and management issues faced by consumer healthcare institutions, effectively helping them expand revenue streams, mitigate risks, reduce costs, and improve efficiency, thereby driving performance growth. Linkedcare has consistently upheld its core values of customer success, simplicity and pragmatism, professional excellence, and open collaboration, remaining committed to creating greater value for clients and enabling their success.

Facing the vast prospects of consumer healthcare, Linkedcare, founded in 2015, has maintained rapid growth and continued to lead the first tier by leveraging its rich industry insights and strong technological capabilities. Currently, Linkedcare isProvides cloud-based clinic management software, a consumables supply chain marketplace, and value-added services—including training, traffic platform integration, and medical equipment maintenance—to over 30,000 dental and medical aesthetic institutions.It has formed an integrated solution that combines online and offline operations, business and finance, and clinical management.

Linkedcare Mall connects over 300 brands and more than 10,000 SKUs,Creating an integrated solution for consumables procurement management. By connecting the upstream and downstream of the dental and medical aesthetics industries through a SaaS + supply chain marketplace model, it enhances industrial efficiency, reduces transaction costs, and facilitates the upgrading of the dental and medical aesthetics sectors.

Jin Xing, Chairman and CEO of So-Young Technology, stated: “Technology empowerment is driving the development of the consumer healthcare market. The establishment of internet infrastructure will significantly enhance the operational capabilities of service providers and fundamentally improve user experience. We are optimistic about Linkedcare’s advantages in digitalizing and moving online the underlying support systems in the consumer healthcare sector, as well as its potential to continuously expand the depth and breadth of its services. Linkedcare’s deep focus on dentistry and medical aesthetics aligns perfectly with So-Young’s strategic expansion directions. Technology, connectivity, and multi-tiered support systems will further drive improvements in industry efficiency and business conversion, delivering a better service experience for consumers in China’s consumer healthcare market.”

Han Yan, Founding Partner of Lightspeed China Partners, stated: “As the Chinese enterprise SaaS market experiences exponential high-speed growth, medical SaaS is also witnessing rapid development, with the market for precision services tailored to specialized medical fields poised for an even more significant breakout. Leveraging its deep industry insights and robust product platform capabilities, Linkedcare is deeply empowering frontline clinics and medical institutions through technology and ecosystem integration, thereby securing a leading position in the standardized SaaS market for specialized consumer healthcare. As the global healthcare sector undergoes a digital revolution, Lightspeed is bullish on the Linkedcare team’s exceptional capabilities and execution in medical SaaS product development and ecosystem building. With an increasing number of medical institutions embracing digital transformation, we believe that Linkedcare will continue to drive the digital upgrading of China’s dental and medical aesthetics industries through sustained innovation, revitalize healthy lifestyles, and contribute to the realization of ‘Healthy China.’”

As Linkedcare’s earliest investor and largest financial backer, Xu Chuansheng, Founding Managing Partner at Matrix Partners China (MPCi), stated: “Linkedcare is another exemplary case for MPCi in the digital healthcare sector. Over the past five years, we have accompanied the Linkedcare team, witnessing its rapid growth as it has become a leading SaaS and transaction platform in consumer healthcare. In this round, we are delighted to see two MPCi portfolio companies, So-Young and Linkedcare, join forces. MPCi has also increased its investment for the fourth time, and we look forward to the company creating greater value for its customers.”

As a leader in the consumer healthcare SaaS services market, Linkedcare proposesROADSClinic Operation and Management Philosophy:

• Real-time: Facilitates the interconnection of service, information, and capital flows in clinics, enabling real-time insights and data-driven business growth;

• On-demand: Use software on demand and procure consumables as needed to reduce waste, lower costs, and improve efficiency;

• Accessible: Achieving online-offline integration through online tools and intelligent systems, making dental and medical aesthetic services readily accessible;

• Digital: Comprehensively enhance clinic operations through clinical digitization, marketing digitization, supply chain digitization, and business intelligence.

• Social: Amid the decentralization of marketing, Linkedcare empowers clinics with social marketing and services by integrating traffic platforms, SCRM systems, and WeCom.

Guided by this philosophy, Linkedcare has launched its dental practice management software, “e-Kanya,” and its medical aesthetics management software. Adhering to a design concept centered on patients, driven by medical professionals, focused on clinical workflows, and aimed at enhancing clinic performance, Linkedcare continues to invest in clinical functionalities such as electronic medical records (EMR), inpatient systems, and treatment planning, achieving standards comparable to Grade A tertiary hospitals and international benchmarks. Meanwhile, through personalized user interface design, it liberates medical staff from administrative tasks, allowing them to refocus on clinical care. By integrating social customer relationship management (CRM) features with WeCom, it provides clinics with tools for managing private-domain traffic, assisting in customer acquisition, conversion, and engagement. Its group chain management capabilities facilitate cross-regional and cross-city operations, reducing management costs and improving operational efficiency. Additionally, its digital supply chain solutions help clinics reduce costs and increase efficiency.

Linkedcare provides integrated operational solutions for dental clinics and medical aesthetic institutions. It offers management software that covers the entire clinic business workflow, including single-store/chain management, health records/electronic medical records (EMR), social customer relationship management (CRM), intelligent marketing and private-domain traffic solutions, smart operations, a B2B consumables marketplace, inventory and supply chain management, insurance payment processing, and imaging integration. Furthermore, through its open platform, Linkedcare connects upstream and downstream industry partners and collaborates with high-quality third-party organizations to deliver comprehensive, end-to-end solutions for clinics.

Linkedcare, founded in 2015 and headquartered in Shanghai, has established more than 20 branch offices across China. As a leader in SaaS solutions for the healthcare industry, Linkedcare’s software and consumables marketplace services are currently used by over 30,000 mid-to-high-end and chain medical institutions, including more than 80% of mid-to-high-end dental chains.

Over the past five years of relentless progress, Linkedcare has continuously broken new ground to set a benchmark of excellence in SaaS solutions for dental and medical aesthetics clinics. It helps clinics build forward-looking, advanced management systems and operational capabilities, enhances efficiency on the supply side, improves the experience on the demand side, and drives the upgrading of the consumer healthcare industry. Guided by its mission of “Customer Success,” Linkedcare enables more customers and partners to derive sustained value from its platform.

SoYoung was founded in 2013 with the mission of making everyone more beautiful and healthier. By the end of 2020, SoYoung had become China’s largest and most popular online platform for searching, selecting, and booking medical aesthetic services. Its business covered more than 350 cities across China, attracting over 6,000 certified medical aesthetic and consumer healthcare institutions—including hospitals, outpatient departments, and clinics—to join its platform for user selection. The SoYoung platform features more than 3.5 million “Beauty Diaries,” providing authentic and effective information to support decision-making. On May 2, 2019 (U.S. Eastern Time), SoYoung went public in the United States under the ticker symbol “SY,” becoming the world’s first publicly traded internet-based medical aesthetics platform.

Lightspeed China Partners is an early-stage venture capital fund focused on the Chinese market, with a strategic emphasis on consumer internet, “Internet Plus,” enterprise services, and hard technology. Managing over $2 billion in assets through seven U.S. dollar-denominated funds and one RMB-denominated fund, the firm maintains offices in Shanghai, Beijing, and Hong Kong. It provides Chinese startups with a global perspective on international markets, platforms for exchange, and robust resource support. In the early investment stages across various sectors, Lightspeed China Partners has nurtured a portfolio of innovative and disruptive success stories, including Meituan Dianping, Pinduoduo, XPeng Motors, Full Truck Alliance, Zhongji Innolight, Tujia Svitten, e-Daili, XYLink (Xiaoyu Zaijia), DotC, Penguin Almond, Hesai Technology, Sunmi Technology, Huohua Siwei, Fang Duoduo, and ZhiKeTong.

Matrix Partners China is the most active venture capital firm in the early-stage market. Over the decade since its establishment, it has remained deeply rooted in the local market, steadfastly investing in Chinese entrepreneurs. Matrix Partners China has invested in more than 650 companies, including recently listed firms such as Li Auto, XPeng Motors, and Peijia Medical, as well as a large cohort of high-quality enterprises like Didi Chuxing, Ele.me, Guazi Used Cars, Futu Securities, LexinFintech Holdings, Momo, Liepin, Yuanfudao, VIPKID, and iSpace.