# Hangzhou Guangfa Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-guangfa-technology-co

- Industry: Healthcare
- Headquarters: Hangzhou, China
- Website: www.guahao.com
- Total disclosed funding: $1B
- Latest round: Series F (May 8, 2018)
- Investors on record: 13

## About

Founded in 2010 and based in Hangzhou, China, Hangzhou Guangfa Technology Co., Ltd. operates as a digital healthcare platform that provides online diagnosis, appointment registration, online medical insurance payment, and other digital healthcare services. The company's chairman and CEO, Liao Jieyuan, is an artificial intelligence expert. He once served as the head of the National Intelligent Computer Achievement Transformation Base. In 2015, the company created an internet hospital, Wuzhen Internet Hospital. As of February 2021, Hangzhou Guangfa Technology Co., Ltd. is valued at USD 7 billion. In July 2022, Hangzhou Guangfa Technology Co., Ltd. raised CNY 1 billion in venture funding.


The company mainly operates an internet medical platform, WeDoctor, which provides patients with online disease consultation, diagnosis, appointment registration, and online medical insurance payment services. The fields covered by the platform include medical care, medicine, medical examination, and health care. As of March 2020, the platform operates 12 physical medical institutions and 22 Internet hospitals, connecting more than 7,200 hospitals and more than 240,000 doctors, serving 200 million users.

## Funding rounds

- Series F, May 8, 2018, $500M — New World Development Company, Zhongtou Zhongcai Capital, AIA Company Limited, Hermitage Capital Group
- Series D, Sep 23, 2015, $394M — China Development Bank Capital, Fosun International, Goldman Sachs Asset Management, Tencent Investment, Hillhouse Investment
- Series C, Oct 13, 2014, $107M — Qiming Venture Partners, 5Y Capital, Tencent Investment
- Series B, Jan 1, 2012, $10M — 5Y Capital
- Series A, Dec 1, 2011, $22M — Cybernaut Investment Group, FengHe Group

## Investors

- Cybernaut Investment Group (https://capitalatlas.ai/funds/cybernaut-investment-group) — Series A
- FengHe Group — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series B, Series C
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series C
- Tencent Investment — Series C, Series D
- China Development Bank Capital — Series D
- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D
- New World Development Company — Series F
- Zhongtou Zhongcai Capital (https://capitalatlas.ai/funds/zhongtou-zhongcai-capital) — Series F
- AIA Company Limited — Series F
- Hermitage Capital Group (https://capitalatlas.ai/funds/hermitage-capital-group) — Series F