Xinkairui Snares $1.4M in Series A Funding

According to PEdaily.cn, microfluidic devices manufacturer Xinkairui Biological ("Xinkairui") has closed on its tens of millions of yuan (US$1.4 million) Series A financing, led by Mefund Capital with participation from Shenzhen Investment Holding Co., Ltd. 

The point-of-care testing (POCT) analysis system developed by Xinkairui is based on microfluidic chips. The POCT analysis system has the characteristics of small, portable, to be handheld and meets the needs of many clinical scenes. This device can directly detect whole blood, serum and plasma samples and interpret the results after several minutes of detection, making it possible to use in outpatient and emergency departments and surgical departments in hospitals, community hospitals, township hospitals, nursing homes, private clinics and even at home.

Dou Jiahua, the founder of Xinkairui, holds a PhD in electrical engineering from the University of Toronto, Canada, and has over 15 years of research and development experience in micro/nano manufacturing, integrated photonics and microfluidics devices. The co-founder Chen Lu holds a PhD in analytical chemistry from the University of Toronto in Canada and has over 15 years of experience in innovative research, product development, and management of real-time diagnostics.

Founded in 2014 at China's financial hub-Shanghai, Mefund Capital is an investment fund.

The business of Mefund Capital has reached many parts of China, with offices branches established in Beijing, Shenzhen, Zhejiang, Fujian, Shandong, and Jiangxi. Currently, it manages11 investment funds, of which the amount value has reached to nearly 800 million yuan.

Mefund Capital mainly invests in the healthcare and bioscience industry. The financial services include equity investments(VC/PE), PIPE, FOF (Fund of Funds), securities investing, M&A and etc.

SIHC is a state-owned investment company and comprehensive financial holding group established in October 2004 on the basis of the former three state-owned assets management companies in Shenzhen, China. Based on the urban development strategy, the company has become a global platform for innovative companies and resources. Focusing on scientific and technological innovation, SIHC is committed to the construction of a modern, international and innovative city. By the end of 2017, the company had AUM of about 500 billion yuan.