Aidite Secures ￥100 Million in New Funding Round

(VCBeat) May. 12, 2021 -- Aidite (Qinhuangdao) Technology Co., Ltd. ("Aidite") announced that it has just completed a new financing round of hundreds of millions. This round was led by CD Capital and CICC Qichen, with participation from Xiamen Jianfa Venture Capital. Aidite has previously received hundreds of millions from Legend Capital, Schroder Adveq, and Adam Street Partners (ASP). It is reported that this round of financing will mainly be used for the construction of Aidite's digital dental system.

Aidite is a global high-tech company focusing on the research and development of dental materials and integrating the upstream and downstream of the dental industry chain. Since its establishment, Aidite has always focused on the development of new dental materials, related consumables, intelligent equipment, new technologies, rich services and training. The company is committed to the transformation of traditional dentistry, and truly realize the digital and intelligent development of the international dental industry.

At present, Aidite is the world leader in the research and development of zirconia and glass-ceramics. With offices in Beijing, Shanghai, Xi 'an, Chengdu and Shenzhen, and overseas subsidiaries in the United States and Germany for localized operations, the company has provided services to more than 120 countries and regions.

CD Capital is a venture capital firm specializing in life sciences and medical technology. It is currently managing both RMB and USD funds with a total size of $600 million. The company has made over 40 investments with high growth potential and earned a reputation as a premier venture capital firm with the main focus on the Chinese healthcare industry.

CICC Qichen is a professional direct investment fund with CICC Capital as the manager and general partner. CICC Capital is a wholly-owned subsidiary of China International Capital Corporation Ltd. (CICC). It is CICC's only business platform of private equity investment at home and abroad. By the end of 2019, CICC Capital has an AUM of over 350 billion yuan.