Linjia Haoyi Secures Tens of Millions in Pre-A Funding, Drawing Attention to the Family Doctor Market

On December 12, Luo Lin, founder of Linjia Haoyi, disclosed to VCBeat (WeChat ID: vcbeat) that the company had confirmed the completion of its tens-of-millions-yuan Pre-A financing round in November. The round was led by Kaifeng Venture Capital, with Guohong Venture Capital Fund participating as a co-investor.

"Neighbor Good Doctor" is affiliated with Gege Medical Technology (Shanghai) Co., Ltd., which was registered in February 2016. In its early stages, the company received millions of yuan in angel investment from investors such as Tencent Mass Innovation (Hangzhou) and Langtaosha Venture Capital.

The physicians at Linjia Haoyi Group consist of general practitioners and specialists from select Grade 3A hospitals, serving tens of thousands of users, the majority of whom are employees of corporate group members. Linjia Haoyi has partnered with dozens of large enterprises to establish “Health Huts,” providing family doctor services to their employees. Key partners include Geely Holding Group, Caocao Chuxing, and AsiaInfo Technologies.

Currently, Linjia Haoyi has established 20 health kiosks in collaboration with enterprises and partnered with dozens of offline clinics. The number is expected to double by the end of next year. The team is highly confident in its resource integration capabilities. For instance, the team includes talent with experience in independently operating more than ten pharmacies and clinics, and it has also entered into a partnership with LyncMed, a B2B trading platform for medical devices.

In June 2016, seven national ministries and commissions jointly issued the “Guiding Opinions on Advancing Family Doctor Contract Services,” proposing that by 2017, the coverage rate of family doctor contract services would exceed 30%, with the coverage rate for key populations surpassing 60%. Regarding the rationale for focusing on family doctor services as its core business, Luo Lin stated that China’s primary healthcare system remains weak, and even the country’s advanced mobile health solutions cannot address the fundamental challenges facing the healthcare sector. Only by strengthening primary care can these issues be effectively resolved. The healthcare industry requires market-oriented mechanisms to supplement and enhance the motivation of grassroots healthcare workers. As the government promotes the family doctor model, greater attention will be directed toward this field.

The lead investor in this round, Kaifeng Venture Capital, is an investment firm focused on technology-driven projects in the early growth stage. Since 2006, it has independently and jointly managed seven funds, with a cumulative size of nearly RMB 2 billion. Its investment portfolio spans sectors such as the internet, optoelectronics, chips, equipment, and biopharmaceuticals, and includes three publicly listed companies and more than ten unicorns.

The co-investment institution, Guohong Venture Capital Fund, is a venture capital fund jointly established by Hongyuan Group and Shanghai Industrial Holdings (Group) Co., Ltd., with support from municipal and district-level government guidance funds such as Shanghai Venture Capital and Jiading Venture Capital.

Wen Gang, a partner at Kaifeng Venture Capital, stated that the firm primarily values the founding team’s original vision and execution capabilities, which have enabled such rapid growth within just one year of establishment. Regarding the family doctor market, Wen Gang analyzed that the primary focus of out-of-hospital medical care lies in prevention, rehabilitation, and prognosis. He emphasized that community-based healthcare represents the major direction for future medical development, and the family doctor model aligns precisely with societal demands.