China health data start-up secures $2m angel round
China health data mobile app provider 37 Health has secured a RMB10 million ($2 million) seed funding round led by Broadhi Capital.
Other investors participating in this round include Innovation Angel Fund, Software and Information Services Exchange, Wuyue Capital, and Zhiping Zhao from China Young Angel Investor Leader Association.
The company was incubated by Virtue Inno Valley, which is backed by Tsinghua University, receiving RMB200,000 in start-up funding last year. It focuses on generating chronic disease data and recently launched an application that allows users to record blood pressure data changes. The app has around 5 million users.
The new funding will be used for employee compensation and product innovation.
Founded in 2008, Broadhi Capital invests in growth and mature-stage companies. The latter are expected to list within 2-3 years. The typical target growth company is expanding at around 30% per year.
Broadhi Capital has RMB2 billion in assets under management.
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