Investcorp Invests In China's SaaS And Supply Chain Management Provider Linkedcare 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

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Unsplash

Global provider and manager of alternative investment products Investcorp on Wednesday announced that it has signed definitive agreements to invest in Linkedcare, China's software-as-a-service (SaaS) and supply chain management provider for the country's fast-growing dental and medical aesthetics industry.

This latest Series D round of funding was led by Investcorp with co-investors Matrix Partners China, Lightspeed China Partners, So-Young International, Jinding Capital and Sheng Ye Capital.

"We are pleased to lead this new round of investment into Linkedcare. China is experiencing strong demand in the dental, beauty and other consumer medical areas underpinned by secular growth in its economy and demographics and we look forward to being part of their growth trajectory. As part of our investment strategy, we have been actively growing our presence in Asia over the past years and this is yet another milestone that we have reached as we continue to advance our diversification journey," said Hazem Ben-Gacem, co-chief executive officer, Investcorp.

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.

"We are very pleased to welcome Investcorp as a new institutional investor into our blue-chip shareholder group. We look forward to developing highly synergetic cooperation with Investcorp's portfolio companies in the global dental care industry to bring world-leading innovative products to our clinician customers in China," stated Zhijia Wu, chief executive officer and co-founder, Linkedcare.

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.

"Linkedcare is a phenomenal innovator in China's dental SaaS industry and we are very honored to partner with Mr. Wu and his excellent management team to further strengthen the Company's leadership position through capital and value-added access to our global resources and sector expertise. We see many attractive investment opportunities in the Chinese healthcare sector as demand for quality medical services and treatments continues to increase. We believe that such opportunities will deliver enhanced value for all of our stakeholders," added Duncan Zheng, managing director and head of private equity-China, Investcorp, who 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 blood oncology hospital group; and WeDoctor, one of China's digital health services platforms.

Prabhjeet Bhatla

Former Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Productivity

Jon Taffer's 10% Rule Is the Productivity Hack That Could Change Your Life

The "Bar Rescue" superhost is back with a new season and a new crop of hospitality businesses in desperate need of tough love.

Business News

Woman Goes Viral After Recording Her Disastrous Call With HR After Being Let Go: 'They Tried to Gaslight You'

Brittany Pietsch posted a nine-minute-long clip of her firing from Cloudflare on TikTok, and it went viral. The company's CEO responded on X — and also went viral.

Growing a Business

9 Hidden Reasons Your Customers Will Leave You

Understanding why customers are leaving your business takes attention, not assumptions. Read on for proven ways to catch issues early and keep more clients around for the long run.

Marketing

Overcoming the "It Costs Too Much" Objection

The price of your product doesn't have to be a hurdle any longer. Try these techniques for getting past "no."

Leadership

How to Transform Your Car Into an Alternative Workspace

Think you can't get any work done when duty calls you away from your office? Think again! It's amazing how efficiently some tasks can be performed from America's new third workspace: your vehicle.