Yuanxin Insurance Completed $7.3 Million In Series A Financing

According to VCBeat, Yuanxin Insurance just completed around 7.3 million dollars in Series A financing, this round of financing was led by Sequoia Capital and followed by Qiming Venture.

Yuanxin Insurance is a health insurance technology company that specializes in health insurance for major diseases and chronic diseases to bring more reliable medical services to the patients. Yuanxin Insurance has already cooperated with many medical companies and pharmaceutical companies to establish services like genetic screening, post-diagnosis management and medical examination.

Up to now, Yuanxin Insurance has established a number of professional departments such as medicine, insurance, and big data. The core members are from management teams of insurance, medical, and pharmaceutical Industries, and have great experience and capabilities in their own fields.

Sequoia Capital China is a VC firm focused on seed stage, mid stage, late stage, and growth investments in the tech sector.

Qiming Venture Partners is a China-based venture capital firm specialized in building new companies.