Tuge Medical closes RMB50m Series A round

Tuge Medical has closed its Series A round worth 50 million yuan in July. The round was led by Alliance Investment, with participation from Nanjing Innovation Capital Group, Nanjing Industrial Investment, and existing investor Xinliuyu Ventures.

Tuge Medical has closed its Series A round worth 50 million yuan in July. The round was led by Alliance Investment, with participation from Nanjing Innovation Capital Group, Nanjing Industrial Investment, and existing investor Xinliuyu Ventures.

Proceeds from this round will be used primarily for the continued expansion of the 4K minimally invasive surgical imaging product line, as well as new technology development and marketing activities.

Founded in February 2018, Tuge Medical is mainly engaged in the independent development and industrialization of 4K endoscope systems, digital integrated operating room systems, and medical display products.

The company’s main product is AIENDO-4K Ultra HD Endoscopy System, which is a 4K Ultra HD Endoscopy System that is completely self-developed and has passed the new standard implemented in 2019.

Currently, the company has applied for more than 60 patents related to this series of products in total.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/06/tuge-medical-closes-rmb50m-series-a-round/.

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