Yuntai Online Received More Than $14.7 Million of Series B Financing From CECDF

On May 23, 2019, the internet medical brand "Yuntai" Online just completed more than $14.7 million of Series B financing. This round of financing was led by CECDF and follow by Lang Sheng Investment Group. The funds will be used to strengthen the layout of the online hospital and integrate online and offline medical services.

Yuntai Online was founded in March 2015, their goal is to improve hospital efficiency and patient experience via their cloud platform. At present, Yuntai Online has established in-depth cooperation with nearly 600 large and medium-sized hospitals, with operations in 26 provinces across China.

At 2016, Yuntai Online worked with Guangdong Provincial Hospital Association to came up with the first cloud base hospital in Guangdong – Guangdong Cloud Hospital, they built their integrated processes like "online diagnosis – electronic prescription – online payment – delivery – health file update." It's the first step of commercialization of cloud base hospital.

The founder and chairman of Yuntai Online Yu Yuan said  "the demand for the online medical institutions is growing, and the development of this industry is critical at this period. This cooperation has a significant meaning for the company, and it's a win-win for us and the investors."   

CECDF was founded in 2017 in Beijing, China. They mainly focus on early-stage investment of medical, big-data and health-related companies.

Founded in 2010, Lang Sheng Investment Group Co., Ltd (LSI) is an A-B round focus fund targeting investments on Healthcare and TMT (data-enable). LSI now manages four funds with total AUM of RMB 1.3 billion and it has captured unicorns such as Ankon and Capital Bio, out of 30 investee companies.