Linkedcare, China’s Software-as-a-Service (SaaS) and supply chain management provider for the country’s fast-growing dental and medical aesthetics industry, announced on Wednesday that it had completed D+ round financing, led by Cowin Capital and Qian Jiawi.
This round of financing is the second financing obtained by LinkedCare this year. In June this year, the company announced the completion of a round D of financing worth $100 million, which was led by Investcorp, Matrix Partners, Jinding Capital and other institutions.
Founded in 2015, LinkedCare currently serves more than 30,000 dental and medical aesthetic clinics in the mid-to-high-end segment with complete SaaS solutions. In December this year, the company entered the top 150 global digital medical companies in CBInsights 2021. The list was compiled from more than 11,000 digital medical companies in 22 countries around the world, and only two companies in China got in.
In the oral industry, LinkedCare’s “e-dental” oral management software supports application within single store and chain stores. In terms of supply chain, the company’s e-dental mall provides SaaS-based warehouse management and a one-stop digital supply chain solution for dental medical institutions. Since its establishment, the business has maintained an annual growth rate of more than 100%. Up to now, it has reached agreements with over 400 upstream manufacturers.
Wu Zhijia, founder and CEO of LinkedCare, said: “We will continue to make full use of cloud computing, the Internet of Things, artificial intelligence and other technologies to help oral and medical aesthetic institutions to avoid risks, reduce costs and increase efficiency.”
After this round of financing, throughout 2022 LinkedCare will set up regional service teams in more third- and fourth-tier cities. In addition to its Shanghai warehouse, the company expects to add more warehouses in Beijing, Guangzhou, Wuhan and Chengdu to serve more dental institutions.