Bahrain-headquartered  alternative investment firm Investcorp announced that has invested in Chinese healthcare start-up Linkedcare, which provides Software-as-a-Service (SaaS) and supply chain management services for the country’s fast-growing dental and medical aesthetics industry.
 
Investcorp said it led the Series D round with co-investors Matrix Partners China, Lightspeed China Partners, So-Young International, Jinding Capital and Sheng Ye Capital. 
 
Together with the Series C2 round of funding announced a few months ago, Linkedcare has now raised over $100 million during the past six months.
 
Founded in 2015 in Shanghai and with over 700 employees, Linkedcare currently serves more than 30,000 dental and medical aesthetic clinics in the mid-to-high-end segment with complete SaaS solutions covering standalone and chain management, outpatient and inpatient CRM, electronic medical records, inventory and sales management, financial reporting, insurance payment, imaging PACS, YouKe SCRM smart marketing, and YouShu smart business analytics, etc.
 
Duncan Zheng, MD & Head of Private Equity China at Investcorp will join the Board of Directors at Linkedcare
 
Last year, Investcorp launched a new platform dedicated to investing in high-quality healthcare companies in China. Linkedcare marks Investcorp’s fourth investment in China’s fast growing healthcare sector over the last 12 months, including: KindStar, China’s leading independent medical esoteric testing group; Lu DaoPei, the world’s leading blood oncology hospital group; and WeDoctor, one of China’s largest digital health services platforms.
 
(Writing by N Madhura; Editing by Anoop Menon)
 
 
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© ZAWYA 2021