# Med Banks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/med-banks

- Industry: Healthcare IT
- Headquarters: Beijing, China
- Website: www.medbanks.cn
- Total disclosed funding: $506M
- Latest round: Series E (Dec 21, 2020)
- Investors on record: 11

## About

Established in 2014 and based in Beijing, China, Med Banks operates as a medical management services provider that provides health insurance services, specialty pharmacy business and physician research assistance. The company headquartered in Guangzhou, Shanghai and Beijing. In December 2020, it raised CNY 2 Billion in series E funding co-led by Tencent Investment and Jeneration Capital. In February 2023, the company was listed on the Hongkong stock exchange and its stock code is 00314.

The company provides medical services. Business include health insurance services, specialty pharmacy business and physician research assistance. Health insurance services provides health care, insurance and medical checkups solutions. And it has shops located in Qingdao, Shenzhen and Jilin. Specialty pharmacy business includes drugs supply, pharmacy consulting services and disease management. Drugs supply through business supply chain, CTS supply chain and DTP terminal network.

## Funding rounds

- Series E, Dec 21, 2020, $306M — 5Y Capital, Tencent Investment, Wu Capital, Forebright Capital Management, Jeneration Capital
- Series D, Nov 20, 2019, $142M — Eight Roads Ventures, IDG Capital, F-Prime Capital, China International Capital Corporation, Tencent Investment, Wu Capital
- Series D, Jan 10, 2019, $58M — CDH Investments, Eight Roads Ventures, IDG Capital, F-Prime Capital, Tencent Investment
- Series C, Mar 1, 2018 — IDG Capital
- Series B, Jun 3, 2016 — Eight Roads Ventures, F-Prime Capital, Ping An Trust, Tencent Investment
- Series A, Jan 28, 2016 — Eight Roads Ventures, F-Prime Capital, Ping An Trust

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B, Series D
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B, Series D
- Ping An Trust — Series A, Series B
- Tencent Investment — Series B, Series D, Series E
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series C, Series D
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series D
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series D
- Wu Capital — Series D, Series E
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series E
- Forebright Capital Management (https://capitalatlas.ai/funds/forebright-capital-management) — Series E
- Jeneration Capital (https://capitalatlas.ai/funds/jeneration-capital) — Series E