Malo Clinic China Secures RMB 230 Million in Series D Funding, Advances Innovation in Private Dental Care
VCBeat (WeChat: vcbeat) has learned that on September 21, Malo Clinic China announced the completion of its RMB 230 million Series D financing round, which was led byYuanxing Capital Leads Investment, Greenland Financial Holdings and Gopher Asset jointly participated in the investment, with Shanghai Fuyi Daohe serving as the exclusive financial advisor.
Founded in Lisbon, Portugal in 1995, Malo Clinic has a 23-year development history. Its founder, Dr. Paulo Malo, is a globally renowned master in dental implantology and prosthodontics. In late 2013, Dr. Malo partnered with Mr. Shao Zongzong to establish Malo Clinic China, entering the Chinese market by opening its first clinic in Beijing. Since then, the company has continued to attract strong interest from the capital market.
Prior to this, the company secured three rounds of financing in July 2014, April 2016, and April 2017, respectively, achieving steady and robust growth. Over a five-year period, it completed a strategic layout of its entire industry chain across Greater China, encompassing 16 cities, 21 dental clinics, two dental prosthetics processing centers, one education and training center, and one procurement center.In 2018, Malo Clinic China achieved overall operational profitability., it has also carved out an innovative and unique path in the operation of private specialized chain medical service industries.
Public data shows that China records approximately 250 million dental visits annually. As the overall consumption level of urban residents rises, the trend of consumption upgrading in the medical services sector is particularly pronounced. Clearly, this represents a massive market worth hundreds of billions of yuan. However, the healthcare industry is not a market dictated solely by capital, corporate scale, or growth speed; it requiresGreater accumulation, patience, and more professional clinical medical expertiseFoundation.
From left to right: Chairman Shao Zongzong, Founder Dr. Malo, and COO Yang Zhiyu
“As a young specialized chain medical service provider, Mr. Shao Zongzong, Chairman of Malo Clinic China, stated: ‘Over the past five years of development, Malo Clinic China’Did not focus on blindly pursuing large-scale expansionbut rather to continuously refine and optimize the company’s four core systems: the system for building clinical specialty disciplines, the teaching and medical care system, the refined financial operations management system, and the high-quality patient service system. Meanwhile, it innovatively explores the layout of the entire industrial chain of dental healthcare services and the construction of a patient operation and social engagement system, providing consumers with higher-quality and more practical dental healthcare service products, as well as diversified brand-value-added lifestyle services. Behind the company’s continuous development and growth lies Malo Clinic China’s steadfast adherence to the principles of “medical compassion and craftsmanship” established at its inception.
Yang Zhiyu, Chief Operating Officer of Malo Dental China, stated, “In the coming years, we will focus more on cultivating professional dentists, optimizing the quality of medical services, and popularizing health education for patients. We will innovate and continuously iterate our operational systems for ‘productization of medical services’ and ‘financial operations management.’ Meanwhile, we will increase investment in discipline construction and the development of teaching and clinical medical systems, pioneering and adhering to an education and training system led by disciplinary leaders, striving to explore greater possibilities for the development of China’s private oral healthcare industry. This year, we will also begin making interesting and beneficial attempts to break through the traditional boundaries of dental medical services.”Develop innovative products and servicesbringing more surprises to consumers and greater room for imagination to the market.”
In 2018, Malo Clinic China will attempt to break through the dental industry’s long-established model, which has primarily relied on offline clinics to deliver medical services to consumers.Accessing the Unique Operational Models and User Characteristics of the Online Internet Sector, explore the establishment and launch of“Ma Long Life+”Greater China Club System: Integrating and implementing an online-to-offline membership model characterized by interdependence and complementary advantages, while establishing strategic partnerships with high-quality domestic and international collaborators in the broader health and wellness sector. In addition to providing professional dental medical services, we proactively care for and assist clients in meeting their comprehensive health management needs.
From left to right: Jin Jiong, Managing Partner of Source Code Capital; Geng Jing, Chairman of Greenland Financial Holdings; Yin Zhe, Chairman of Noah Asset Management
Leading the current funding round was Starrock Capital, which has consecutively invested in Malo Clinic China across three rounds since 2016. Jin Jiong, Managing Partner at Starrock Capital, stated, “Our continuous investment since Series B is driven by our witness to the successful implementation of Malo Clinic China’s strategy, the efficient achievement of its operational goals, and the rapid growth of its team. Starrock Capital is committed to maintaining a close, long-term partnership with such an outstanding team to co-create our shared future.”
As a new investor in this round, Geng Jing, Chairman of Greenland Financial Holdings Group, stated, “Malong Dental China represents a significant step for Greenland Financial Holdings Group in implementing its strategic layout for consumption upgrading. We have taken this step with such conviction because we recognize the immense growth potential in the premium dental healthcare sector, which aligns with the broader trends of social progress and rising living standards. Moreover, we are confident in the professional, efficient, and creative management team of Malong Dental China. Greenland Financial Holdings will work closely with the Malong Dental China team to create a distinctive new experience in dental health.”
Regarding the decision to partner with Malo Clinic China in this round, Yin Zhe, Chairman of Gopher Asset Management, stated, “Gopher Asset has long focused on the development of China’s healthcare services market and witnessed the rapid growth of Malo Clinic China. We are inspired by Malo Clinic’s commitment to innovation, its provision of high-quality medical services, and its excellent team characterized by strong cohesion and a deep sense of responsibility. We are delighted to become a strategic investment partner of Malo Clinic. The clinic’s professional expertise and service quality have earned a strong reputation and high satisfaction among high-net-worth individuals. This investment will help Malo Clinic further serve the dental health needs of more users in China.”
“As a founding investor partner of Malo Clinic China and a steadfast investor through the company’s first three rounds of financing, Wang Hui, Managing Partner at Honghui Capital, stated, ‘Malo Clinic China was a project led by Honghui Capital in its Series A round in 2014. Over the past four years, our two organizations have worked hand in hand for mutual growth. We congratulate this high-quality investment partner, whose strategic synergies align well with ours, on joining us to further support the development of Malo Clinic China. We extend our gratitude to the team at Malo Clinic China for their years of dedication under the leadership of Mr. Shao and Mr. Yang, and we feel deeply warmed by the companionship we have shared along this journey.’”