YUNMAI Secures Nearly $10 Million in Series B Funding, Serves Millions with Smart Health Hardware

VCBeat has learned that Yunmai Haqing, a smart health services company, announced the completion of its Series B financing round, raising nearly $10 million. The round was led by LB Investment, with participation from Xinwen Capital, Mingshi Capital, and other institutions.The funds from this round of financing will be primarily allocated to team building, product and service refinement, and channel development.

YUNMAI, founded in 2014, is a new-type internet startup specializing in health-focused smart wearable devices, smart home health devices, cloud-based big data mining, and health solutions. YUNMAI’s core businesses include YUNMAI smart hardware, the YUNMAI Smart Health Data Cloud, and the Haolight mobile app.

According to VCBeat,Yunmai Technology’s full-year revenue in 2016 approached RMB 100 million, with year-over-year business growth exceeding 200%., and has already established a presence in markets such as the United States, Canada, Japan, the United Kingdom, and South Korea.

Yunmai Technology’s founding team is quite interesting. VCBeat has learned that the founder is Wang Yang, the co-founder and CTO is Luo Huijun, and the vice presidents are Yang Xianfeng and Liang Hao,They both joined Kingsoft Network (Cheetah Mobile) in 2011–2012 and left together in 2014 to found Yunmai Technology.Among them, Yang Xianfeng is a hardware enthusiast and maker, Luo Huijun is a senior software development engineer, and Liang Hao is a top-tier industrial designer. The core team is quite complementary.

Prior to this round of financing, Yunmai Haqing had previously secured several million RMB from Mingshi Capital in 2015, followed by a RMB 40 million investment from Sina Weibo, Lianchuang Haowan, and Mingshi Capital.and secured personal angel investments from Fu Sheng and Huang Mingming in the early stages of its founding.

Yunmai’s new product, the Yunmai Haoqing 2 Smart Body Fat Scale, is equipped with SmartConnect wireless smart connectivity technology independently developed by Yunmai Technology. It supports Wi-Fi wireless connection for convenient data synchronization, enabling rapid transmission of weighing data to the Yunmai Health Data Cloud each time you step on the scale. This ensures long-term storage of various metrics such as body weight, facilitating both cross-sectional and longitudinal comparisons. VCBeat has learned thatBy September 2016, the Yunmai Good Light Body Fat Scale had achieved sales of 2 million units., achieving the top position in the industry.

In addition to selling hardware such as its mobile app and the Haoqing series of smart scales, Yunmai Technology also aims to build an open online fat-loss platform. By leveraging its products and robust cloud services, the company seeks to better help users achieve their fat-loss goals. Through cloud data and its newly launched fat-burning services, Yunmai intends to establish a platform that facilitates tripartite communication among users, manufacturers, and fat-loss teams, thereby creating a closed-loop ecosystem encompassing “hardware + software + coaches + mobile productivity tools + big data cloud.”

Wang Yang stated, “When the founding team of Yunmai spun off from Cheetah Mobile, the company was positioned to serve the health market. The team has made tremendous efforts to transition from operating internet services for tens of millions of users to designing and manufacturing smart hardware used by millions. However, we are not content with this; we aim to deliver even more value to Yunmai’s users.”

Tony Park, a partner at LB Investment, the lead investor in this round, stated that the healthcare sector offers broad prospects. He noted that the team led by Wang Yang—who began his entrepreneurial journey at the age of 16 and has achieved two successful exits—possesses both extensive experience and strong drive. This combination is crucial for developing products and services that resonate with the spirit of younger generations.