Vedeng Medical closes RMB100m Series B round led by Sinovation Ventures

The Chinese medical device B2B platform Vedeng Medical has recently scored some 100 million yuan in a Series B round of financing led by the Sinovation Ventures. CEC Capital served as the sole financial advisor of Vedeng Medical in this transaction.

The Chinese medical device B2B platform Vedeng Medical has recently scored some 100 million yuan in a Series B round of financing led by the Sinovation Ventures. CEC Capital served as the sole financial advisor of Vedeng Medical in this transaction.

Prior to this, Vedeng has obtained multiple rounds of financing from leading investment institutions in the medical and industrial Internet field such as Marathon Venture Partners, Oriental Fortune Capital, Puhua Capital, Zhongwei Investment Management, Share Capital, and angel investor Cai Jingzhong.

Vedeng is an operator of an online e-commerce portal in China designed to sell medical devices. The company’s portal offers medical equipment of various brands and connects upstream manufacturers with medical equipment dealers and private clinics.

After completing this round of financing, Vedeng Medical will accelerate the digitalization, online and intelligent upgrade of the supply chain platform, further strengthen the localized service presence and the continuous integration and optimization of the upstream supply chain, and promote the capability construction of logistics warehousing, after-sales service and marketing.

It will continue to expand the coverage of categories, and further explore the expansion of the subdivision specialized market and overseas markets, and finally build a medical device Internet circulation service ecosystem that connects the entire industrial chain.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/14/vedeng-medical-closes-rmb100m-series-b-round-led-by-sinovation-ventures/.

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