Goldman, Hillhouse invest $90m in China’s Arrail Dental

With the new investment, the company plans to build a network of more than 1,000 clinics over the next 5-8 years and also develop a healthcare platform, according to a statement.

Arrail launched its first dental clinic in Beijing in 1999. Focusing on the mid-to high-end market, the company offers general therapy, cosmetic dentistry, dental implants, orthodontics, and children's dental care, among other services. It now has nearly 100 clinics in 15 Chinese cities and has served over five million patients since inception.

“China’s GDP per capita continues to increase, leading to greater demand for high-quality healthcare services. The premium dental services market has huge growth potential,” said Wanlin Liu, a general manager at Goldman. “By investing capital and sharing our strategic resources, we hope to support Arrail to become the industry leader.”

KPCB and Qiming Venture Partners invested in a $20 million Series A round for the company in 2010, and then GL Capital came into a Series B round, also worth $20 million, in 2011. In 2014, Arrail raised a $70 million Series C round led by New Horizon Capital.

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• Topics
• Greater China
• Healthcare
• Expansion
• Consumer
• China
• Goldman Sachs
• Hillhouse Capital Management
• Growth capital