# Laobai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laobai

- Industry: Healthcare IT
- Headquarters: Haikou, China
- Website: www.hnybhealth.com
- Latest round: Seed (Jun 7, 2024)
- Investors on record: 2

## About

Based in Haikou, China, and founded in 2020, Laobai is a healthcare information technology company that provides digital pharmaceutical welfare management services. In June 2024, the company closed a seed funding from new investors Beijing Center Technology Co., Ltd. and Anhui Xiangchuan private equity fund management.

The company has developed a digital healthcare insurance service platform covering three areas which drug purchasing, patients welfares management and internet healthcare. Its core business is digital pharmaceutical benefit management. The company enhances the allocation of healthcare resources and optimises the quality of healthcare services through commercial insurance pooling and internet pharmaceutical services. Users can download the application to manage the healthcare welfares and purchase medicines, such as medical povidone-iodine swabs, ice boron eye drops and magnesium aluminium carbonate chewable tablets. Laobai also provides commercial insurance solutions for pharmaceutical companies and retailers.

Laobai generates revenue by providing digital healthcare insurance service platforms and commercial insurance solutions.

The company will improve the service system, strengthen product technology research and development, and promote business upgrading.

## Funding rounds

- Seed, Jun 7, 2024 — Beijing Center Technology Co., Ltd., Anhui Xiangchuan Private Equity Fund Management

## Investors

- Beijing Center Technology Co., Ltd. — Seed
- Anhui Xiangchuan Private Equity Fund Management (https://capitalatlas.ai/funds/anhui-xiangchuan-private-equity-fund-management) — Seed