LinkDoc Raises ￥700M in Series D+ Round

According to VCBeat, in September 2020, LinkDoc Technology ("LinkDoc"), a Chinese company focusing on big data in medicine, has raised 700 million yuan in a Series D+ funding round, with participation from new investors namely CICC Capital, Youshan Capital and iFOF, a fund of funds of the private equity firm CBC Capital. Some undisclosed existing investors also invested in the fresh round.

Proceeds from this round will be used to promote the business around new drugs for cancers, including setting up a patient service system covering the whole disease treatment, with the Internet hospital, offline clinic and pharmacy, and clinical trial recruitment of new drugs as the core, establishing a real-world data platform, and developing an innovative payment solution.

LinkDoc had completed a Series D round of 1 billion yuan ($143 million) exclusively from state-owned China Investment Corporation in July 2018. 

Founded in 2014, in Beijing, LinkDoc is a provider of AI-based and medical data solutions. The company has developed an advanced big data platform and a comprehensive service system as technical support. Based on the advantages of medical data integration, processing and analysis, LinkDoc is committed to providing the overall solution of medical data for governments, medical institutions at all levels, domestic and foreign medical device manufacturers, and pharmaceutical companies.

In addition, LinkDoc also offers the AI-assisted decision-making system, patient management in the whole process, public opinion monitoring of hospitals, research and development of drugs and medical devices, insurance and other services.

CICC Capital is a wholly-owned subsidiary of China's first joint venture investment bank, China International Capital Corporation Limited (CICC). CICC Capital provides private equity investment fund services, including making private investment development strategy, promoting business, allocating resources and managing the risk.

CBC Capital, founded by Dr. Edward Suning Tian in 2006, is a China-based private equity firm focusing on TMT investments. CBC Capital has led many exceptional investments in both the Enterprise and the Consumer Internet sectors. The company currently manages multiple USD and RMB funds with a total AUM of over USD 2 billion.