BlueRun, Tencent back Chinese healthcare services platform
BlueRun Ventures and Tencent Holdings have co-led a RMB160 million ($24 million) Series A round of funding for Shuidi, a China-based healthcare services platform that aims to help people pay for medical services.
Other investors in the Series A round – which was divided into two tranches – include Sinovation Ventures, Banyan Capital, IDG Capital, Tongcheng Foundation and Chinese online-to-offline platform Meituan-Dianping, a statement said.
Shuidi was founded last year by Peng Shen, co-founder of Meituan Waimai, a food delivery platform that is part of Chinese group buying site Meituan (which merged with Dianping in 2015). Shuidi operates three type of services: crowdfunding platform Shuidichou, online mutual assistance community Shuidi Huzhu, and medical insurance platform Shuidibao. Those services are also available on Tencent’s WeChat mobile app, in addition to Shuidi’s standalone app.
The crowdfunding platform has so far raised more than RMB1 billion from 40 million donors, and claims to have helped over 60,000 patients who have financial difficulty and are unable to pay heavy medical bills.
Shuidi last raised a RMB50 million angel round from Tencent, Meituan-Dianping, IDG, Banyan, and ZhenFund last April. The new capital will be used to recruit qualified artificial intelligence professionals and specialists in traditional health insurance, with a view to developing a new operational model combining AI technology and healthcare insurance.
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