DXY Invests Tens of Millions in Series A Funding Round in Lingjian, a Leading Dental SaaS Provider, Marking DXY's First Investment of 2016

Following the official opening of DXY Clinic on January 18, 2016, DXY announced today that it has completed a Series A investment of tens of millions of RMB in Linkcare Information, with existing angel investor Matrix Partners China continuing to participate.

LinkedCare was established in May 2015 and secured angel investment from Matrix Partners China in August of the same year. As a leading domestic “Dental + Internet” SaaS service provider, LinkedCare is committed to transforming the dental healthcare industry through information technology. By connecting hospitals, clinics, dentists, patients, data, third-party services, and supply chains, it delivers e-Kanya, a digital solution for dental outpatient practices that is patient-centric, centers on dentists, assistants, nurses, receptionists, and administrators, and follows the clinical treatment timeline as its main thread.

The dental healthcare industry is characterized by a high degree of marketization, a high rate of multi-site practice among practitioners, and a large patient base; however, the digitalization and informatization management levels of dental clinics urgently need improvement. Leveraging its robust technical team and internet background, along with extensive R&D experience in international dental clinic management systems, Linker Health has redefined digital solutions for dental clinics by integrating localized medical IT innovative designs. Linker Health stated that this round of investment will be used to strengthen product R&D, expand market coverage, enhance service capabilities, and deepen integration with third-party services.

“As our first investment completed in 2016, DXY valued LinkDoc Information’s R&D capabilities and its market coverage in the dental care sector.” Zhang Jin, CEO of DXY, studied most of the comparable practice management systems on the market before investing in LinkDoc Information. “LinkDoc Information’s e-Kanya digital solution for dental clinics was adopted by hundreds of mid-to-high-end dental practices within six months and received high acclaim, demonstrating that its product maturity and user experience are both exceptional.” This will also create strong synergies with DXY’s future open-platform management solutions for general practice and pediatric clinics.

According to Chai Zhiying, Investment Manager at Matrix Partners China, the decision to lead the investment in LinkedCare was driven by the following factors: “With the continuous upgrade of domestic consumption, an increasing number of people are prioritizing oral health. Currently, there are over 60,000 dental clinics in China, representing a vast market. However, the level of informatization in dental practice management remains generally low. This requires entrepreneurial teams targeting this sector to possess strong R&D and market expansion capabilities to maintain a leading position in the industry. In terms of execution effectiveness and team background, LinkedCare fully meets our expectations for entrepreneurs in this field.”

Following the completion of this funding round, LinkedCare will continue to dedicate itself to pioneering new horizons in “Dental Care + Internet” and leading the development of a new ecosystem for dental digitalization.