Recently, Beijing Cui Yutao Children's Health Management Center Co., Ltd. announced to the media that it successfully completed the C round of financing of $20 million in December 2016. This financing is led by GGV Source Star Capital, and B round investor Shuanghu Capital and A round exclusive investor Honghui Capital jointly participate in the following investment. Haoyue Capital acted as sole financial advisor for the transaction. After the successful opening of Cui Yutao Kindergarten Pediatric Clinic in November 2016, this round of financing will better improve the online APP of Kindergarten and the O2O management system of healthy parenting set up by the offline kindergarten pediatric clinic.
At the end of 2014, China's famous pediatric expert Dr. Cui Yutao, CEO Shao Zongzong and COO Jiang Wei co-founded Beijing Cui Yutao Children's Health Management Center Co., LTD., the first company in China that focuses on children's growth, development and health management. Since its establishment, it has completed two rounds of financing, launched the online interaction platform of Yuxueyuan APP, carried out continuous online and offline fan interaction, and continuously tested the water of TV network comprehensive programs. At the end of 2016, the first offline Cui Yutao Yuxueyuan pediatric Clinic was officially opened. The above all aspects reflect the active and energetic innovation of a medical + Internet enterprise.
V star Capital was originally the renminbi fund of Jiyuan Capital. Founded in 2000, GGV Capital is a venture capital firm focused on early and middle stage companies in China and the United States. It manages a total of 6 US dollar funds and 2 RMB funds, with a cumulative capital of 3.8 billion US dollars. It has offices in Silicon Valley and Shanghai. Since its establishment, GGV Capital has established an excellent professional reputation and brand in the investment and industry circles due to its outstanding performance, and has been consistently ranked as the best Venture capital institution by Forbes, China Venture and other authoritative institutions in the industry. After years of development, GGV Capital has already owned two currency funds, US dollar and RMB. In order to adapt to the development needs of China's new economic situation, as the RMB fund of GGV Capital, GGV Capital will be independently split and form a strategic partnership with the alliance fund.
Zhuo Fumin, chairman of Source Star Capital, said: Children's health and medical service management is a bottleneck in the field of medical services in China. The team headed by Dr. Cui Yutao is committed to improving the level of children's health and medical service management, and based on the mobile Internet, has implemented a model combining online and offline children's health management. Source Star Capital appreciates this innovation and is honored to be the lead investor of this round of financing. Ms. Jiong Jin, Partner in charge of healthcare Investment at GGV Capital, said, "Source Star Capital is committed to identifying future industry leaders in healthcare, particularly those who can combine mobile Internet technology, professional community building and quality healthcare service capabilities. The lead investment in the school is based on such investment logic. We hope to accelerate the overall layout of online and offline together with the team led by teacher Cui Yutao, and provide professional, high-quality and scientific children's health management and medical services for thousands of families in China!"
Zhang Yan, CEO of Shuanghu Capital, said: "Shuanghu Capital and Yuxueyuan share similar values and feelings. Both sides understand and respect each other, understand the nature of medical treatment and understand the feelings of doctors, which is an important basis for Shuanghu Capital and Yuxueyuan to work together. Yuxueyuan adheres to the standard of medical and health institutions and adheres to the feelings and authenticity of medical practitioners. Let us have full confidence in the investment of "Yuxueyuan"!
Regarding this cooperation, Shao Zongzong, CEO of Beijing Cui Yutao Children's Health Management Center Co., Ltd. said, "No matter how the capital and market are, we are always a company based on medical and health institutions. Yuxueyuan has always maintained sober and objective judgment in cooperation with capital." We welcome those who want to grow with the company and have some experience in healthcare investment to join us. In the Yuxueyuan, the winter of capital has not been reflected. Shao Zongzong believes that, in fact, this is related to whether the business model of the enterprise itself is back to its essence. A company that really runs on business logic is not in the cold current at present.
Cui Yutao pediatric Clinic, which has just opened, is also full of eye attraction. The clinic was established and operated by Dr. Cui Yutao and his medical team in accordance with Chinese medical standards. Based on the natural rearing theory developed by Dr. Cui over 30 years of medical practice, the clinic's service scope covers children's health care clinic, common diseases clinic, including children's stomatology clinic, children's ophthalmology clinic and many other clinics, as well as children's allergy, nutrition, gastrointestinal tract and psychological counseling clinic. It also provides an assessment and corrective helmet treatment service for head shape problems in infants and young children. In addition, the clinic has formed a benign link with the mobile APP "Yuxueyuan", which is well received by children's parents.
Zhao Gang, founding partner of Honghui Capital, said, "First of all, I would like to congratulate Yuxueyuan for its tremendous achievements in the past one and a half years. The team's efforts have helped millions of mothers and provided them with a powerful tool and platform to care for the health of their children. As a fund focused on the healthcare industry, we are honored to have supported the development of our team in the past two rounds of investment. We believe that with the opening of Yuxueyuan offline clinic, the company and team will better serve every mother who cares about the healthy development of their children."
