Zhenyi Medical Announces Completion of ￥100 Million Series A Funding Round

(VCBeat) May. 11, 2021 -- Jiangsu Zhenyi Medical Technology Co., Ltd. ("Zhenyi Medical") recently announced that it has completed the Series A financing of several hundred million yuan, led by LYFE Capital, with participation from SDIC Unity Capital, C&D Capital, and Ancheng Capital.

According to the startup, this round of financing will accelerate the follow-up clinical development of Zhenyi Medical's core products and start a new journey for Zhenyi Medical in the field of innovative treatments for structural heart disease.

Zhenyi Medical is a high-tech company focusing on structural heart diseases. The company is committed to developing products and technologies that are more suitable for Chinese patients' concerning anatomy and pathology. At present, Zhenyi Medical has launched products for transcatheter mitral valve replacement, transcatheter tricuspid valve replacement, transcatheter aortic valve replacement. 

As a leader in the interventional therapy of structural heart diseases, Zhenyi Medical has been deeply engaged in the new generation of aortic replacement, mitral valve and tricuspid valve replacement and repair fields, and its R&D pipeline has covered the whole cardiac intervention field. Zhenyi Medical is the only domestic company that has achieved full coverage in the field of intracardiac, extracardiac and core valves in China.

Founded in 2015, LYFE Capital is a dedicated healthcare fund with $1.27 billion in assets under management. Their investment focus spans biopharmaceuticals, medical devices, and diagnostics. LYFE Capital work closely with their portfolio companies to support their needs by providing capital and active support in global partnerships, collaborations, regulatory guidance and local market access.

SDIC Unity Capital is a professional guide fund and industry fund management institution, with two national funds, and several industry funds under management, with a total amount of more than 40 billion yuan. SDIC Unity Capital focuses on equity investment, venture investment and fund investment in strategic emerging industries.