Haodf Online Secures $60 Million Series C Funding to Expand China's Largest Out-of-Hospital Healthcare Platform

Recently, several internet healthcare startups have secured substantial investments. A top-tier internet healthcare company based in Beijing raised over $10 million in follow-on financing, while a Shanghai-based company secured $30 million in funding.

According to insiders, Haodf.com recently secured $60 million in Series C financing, led by Trust Bridge Partners, with Chongde Capital participating as a co-investor. China Renaissance served as the financial advisor.

As a startup providing patients with medical consultation references in the internet sector, Haodafu established the first real-time updated outpatient information inquiry system on the internet. On the Haodafu platform, the enlightenment of the doctor community in using the internet for doctor-patient communication was achieved. Haodafu Online states on its website that it has become China’s largest out-of-hospital medical service platform.

At the 8th-anniversary celebration of Haodf in 2014, Wang Hang stated, “In the past, we moved forward alone in this industry; now, we finally no longer feel like we are walking a dark path by ourselves. Imitators have begun to emerge, and competition has officially begun.”

In January 2012, Haodf Online launched its native app. In 2014, the company shifted its strategic focus to web apps. Wang Hang believed that native apps would not replace PC-based services, given the lack of a mature profitability model in mobile healthcare, making web apps a more suitable product approach. Having originated on the PC platform, Haodf Online has encountered formidable competitors in the mobile internet era. The key challenge for Haodf’s future lies in leveraging its substantial resource advantages accumulated on the PC end to achieve steadier and faster growth in the mobile internet landscape.

Haodafu’s Financing History
Haodf Online was established in October 2006 and received RMB 3 million in angel investment from Ceyuan Ventures and Lei Jun in 2007;
In 2008, it secured $3 million in Series A funding from DCM;
Secured tens of millions of U.S. dollars in Series B financing in 2011.

Haodf Online Mobile App Downloads

Data Source: KuChuan (Data statistics as of June 9, 2015)