Weimai, a digital healthcare solutions provider in China, has raised $27.3m in a Series D funding round to expand its healthcare services to meet the increasing demand for long-term medical care.
The funding attracted new investors such as Choice Capital, CNCB Investment, Yuhang Transformation Industry Investment, Nanhu Investment and Deqing Industry Development Investment.
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Existing shareholders including Cenova Ventures, Source Code Capital, and Vision+ Capital also contributed to the round.
The capital will accelerate the development of Weimai’s disease management solutions and AI research initiatives.
The company’s managed care organisation (MCO) model caters to a wide range of service needs following diagnosis, tests, surgery, and hospitalisation.
Weimai founder and CEO Qiu Jialin said: “Over the past nine years, we have consistently integrated MCO with the practices of China’s healthcare reforms, pioneering a uniquely Chinese approach to managed care—C-MCO.
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By GlobalData“Through technological empowerment, we have upgraded healthcare services to provide full-cycle management and closed-loop services across pre-hospital, in-hospital, and post-hospital scenarios.”
Its integrated approach combines online and offline services, as well as in-hospital and out-of-hospital care.
Yuhang Transformation Industry investment manager Chen Du said: “We firmly believe that Weimai will continue to lead industry transformation and open up a broader future for public health.”
Weimai, as of 31 December 2024, has partnered with more than 2,500 public healthcare institutions and 200,000 licensed doctors, reaching a billion patients.
CareAI, a pre-trained AI model, which is central to Weimai’s technology, automates health assessments and self-screenings. It was launched in 2023.
It facilitates better triage and referral processes and integrates with hospital apps and WeChat for health management advice.
