
China medical device player Hanyu Medical secures $72m
China-based medical devices manufacturer Hanyu Medical has raised a RMB500 million ($72 million) Series D co-led by HighLight Capital, CPE (formerly known as CITIC Private Equity), and Yingke Private Equity.
Other investors include Beijing Alan Asset Management, Everest Ventures, MeFund, Orient Securities Capital, TF Capital, and Chunfeng Venture Capital.
According to AVCJ Research's records, TigerYeah Capital, Anlong Investment Management, and MeFund participated in Series A round in 2017. This was followed by a RMB100 million Series B led by Yingke in 2018. The Series C last year featured CPE, Orient, and Zhejiang Zheshang Innovation Capital.
Founded in 2016, Hanyu specializes in heart valve interventional medical devices. The proceeds from the latest round will support the commercial launch of Valve Clamp, a transcatheter mitral valve intervention device. The product has completed 12 rounds of human clinical trials since 2018, with a 100% success rate. The device is said to be the first of its kind developed in China to enter pre-market clinical trials.
In the same space, Suzhou-based Peijia Medical raised a RMB700 million Series C round last year from a group including Matrix Partners China and Lilly Asia Ventures. Peijia also focuses on heart valve disease treatment through the development of interventional devices. The company’s TaurusOne product received approval from the National Drug Administration in 2017.
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