Healthcare, Investment, Venture Capital

Matrix Joins $28M Series B In Chinese App For Children And Women’s Healthcare

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Matrix Partners China, Qiming Venture Partners and IDG Capital have invested RMB200 million (US$28 million) in a series B round in Anxin Doctor, a Beijing-based mobile health app focused on children and women healthcare, according to a company announcement.

Founded in 2015, Anxin Doctor connects patients with obstetrics, gynecology doctors and pediatrics doctors. Currently, tens of thousands of doctors are registered on the platform, and services are available in six cities in China including Beijing, Shanghai and Shenzhen.

The company previously raised a series A round worth tens of millions of RMB in 2015 from Vision Plus Capital, a Hangzhou-based venture capital firm founded by Wu Yongming, former senior vice president at Alibaba Group Holding Ltd.

It plans to use the proceeds to improve its offline medical care service, as well as allow patients to receive online medical care services from doctors they meet offline.

Last year, numerous mobile health companies in China raised venture funding successfully. In January 2016, Apricot Forest Inc., a mobile app start-up focused on providing services to medical doctors, raised US$30 million from the subsidiary of Shanghai-listed Joincare Pharmaceutical Group Industry Co., Ltd.

Seven months later, mobile healthcare start-up Shanghai Kyee Technology raised RMB97 million (US$14 million) from SBCVC, CDH Venture Partners and other investors.


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