Home Miao Health Secures Nearly RMB 500 Million in Series C Funding to Build an Integrated 'Healthcare, Medical, Pharmaceutical, and Insurance' Service Ecosystem

Miao Health Secures Nearly RMB 500 Million in Series C Funding to Build an Integrated 'Healthcare, Medical, Pharmaceutical, and Insurance' Service Ecosystem

Apr 02, 2019 07:00 CST Updated 07:00

VCBeat (WeChat ID: vcbeat) has learned that on April 2, Beijing Miaoyijia Information Technology Co., Ltd. (hereinafter referred to as “Miao Health”) officially announced that it had recently completed a Series C financing round of nearly RMB 500 million. The investment was jointly made by Pacific Medical Health Management Co., Ltd. and Pacific Insurance Pension Industry Investment Management Co., Ltd., both subsidiaries of China Pacific Insurance (Group) Co., Ltd., as well as Xinran Capital.


In the future, Miao Health and a specialized subsidiary of China Pacific Insurance Company (CPIC) in the health and elderly care sector will accelerate business collaboration. By fully leveraging their respective advantages in technology, brand, customer base, and resources, and integrating big data, artificial intelligence, professional medical rehabilitation, and health management technologies, they will build an “online + offline” comprehensive closed-loop health management system. Together, they will develop and promote innovative service models that deeply integrate health management with health insurance.


Since its establishment in 2015, Miao Health has transformed from a startup into a group corporation. It has completed the layout of five major business segments, namely: Miao+, Miao Cloud, Miao App, Miao Bao, and Canada Health Management Center (China), formingWith three core capabilities: health data tracking, AI-driven health interventions, and gamified operationsA comprehensive health management service system, centered on and integrating online and offline services, provides innovative health management solutions for the internet era to insurance members and corporate employees.


Following the completion of this funding round, Miao Health will continue to accelerate product development and customer acquisition around its core business, building a closed-loop service ecosystem integrating “wellness, healthcare, pharmaceuticals, and insurance” centered on high-frequency health management scenarios, with the aim of becoming the leading brand in mobile health management.