Delta Medical Nabs Tens of Million Yuan C Round of Financing

On August 16,  Beijing Delta Medical ("Delta Medical"), a company specializing in sports medicine devices and sports rehabilitation services,  has launched tens of million yuan C round of financing. This round of financing was led by Qiming Ventures, followed by Bohang Capital.

Delta Medical is dedicated to sports medicine surgery， providing a full range of arthroscopic devices covering, suture anchors, interference screws, buttons, ultra-high-strength suture without needles, arthroscopic instrument sets, as well as postsurgical and rehabilitation braces. It is the first medical device company in China that focuses on the independent R&D, production and sales of sports medicine products.

"This round of financing will provide a stronger barrier for the company's core product development and marketing, and also help the company to build a more robust business environment," said Li Jianbo, the co-founder and general manager of Delta Medical.

Delta Medical has a number of international patents, and many products have obtained provincial and municipal certificates, and it is committed to providing various integrated sports medicine treatment solutions. 

Delta Medical has reached a cooperative relationship with more than 500 customers and institutions at home and abroad.  Also, the international certification and registration process is proceeding. "In 2019, the sales of Delta Medical is expected to reach tens of million yuan," Li Jianbo added. 

Founded in 2006, Qiming is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen and Hong Kong. In 2017, Qiming raised its first US fund and set up Qiming’s US offices in Seattle, Boston and Palo Alto. Currently, Qiming manages seven US Dollar funds and five RMB funds with US$4 billion assets under management.