CSH Medi closes multimillion-yuan Pre-A financing round

On July 13, CSH Medi announced the completion of tens of millions of yuan in its Pre-A round of financing, which was invested exclusively by Zhongsai Capital.

On July 13, CSH Medi announced the completion of tens of millions of yuan in its Pre-A round of financing, which was invested exclusively by Zhongsai Capital. Previously, the company had received an angel round investment from New Alliance Capital.

CSH Medi is a joint venture between repatriated Chinese scientists and the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences.

Since 2006, the company has initiated research and development of China-made cardiac magnetic examination equipment.

The company’s medical equipment entails SQUID sensor and can help doctors efficiently diagnose cardiovascular disease, enabling doctors to diagnose heart diseases at an early stage.

Zhang Feiyun, founding partner of Zhongsai Capital said: “CSH Medi discovers a path to the commercialization of healthcare in the translation of biomagnetic signaling technology and successfully attained the NMPA accreditation. We are very optimistic about the company’s growth, having achieved significant breakthroughs in non-invasive and painless cardiac testing.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/16/csh-medi-closes-multimillion-yuan-pre-a-financing-round/.

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