Genesis Capital Leads $14M Investment In MobileMD System

Chinese alternative investment firm Genesis Capital has led a RMB100 million (US$14 million) series C round in MobileMD System, a cloud computing provider in the medical care industry.

Existing investors Matrix Partners China, Northern Light Venture Capital and Shenzhen Cowin Venture Capital Investments Ltd. also participated in the round.

Founded in 2013 in Jiaxing city in Zhenjiang province, MobileMD System is a Software-as-a-service(SaaS) provider with products including clinical research data collection system eCollect, randomized grouping and drug management system eBalance, and patients reports system eReport.

MobileMD System has previously raised a series A round valued at thousand millions of RMB in February 2016 and a series B round worth around RMB1 billions RMB in June, both from Matrix Partners China, Northern Light and Shenzhen Cowin Venture.

The company plans to use proceeds to continue improving its data processing center and setting up a risk control system.