Singular Medical Bags over $10M in Series A Funding Round

According to 36Kr.com, Suzhou Singular Medical Co., Ltd. ("Singular Medical") has closed the Series A financing worth over tens of millions of dollars, led by Qiming Venture Partners, with participation from existing shareholders Northern Light Venture Capital, Marathon Venture Partners, and SND Ventures Group. 

Proceeds of this round will mainly be used for the small-batch production of ICD (Implantable Cardioverter Defibrillator) and the early clinical trials, and the R&D of CRM (Cardiac Rhythm Management) products. Previously, Singular Medical also obtained the investment from Northern Light Venture Capital, Marathon Venture Partners, SND Ventures Group, Zhen Fund, and CAS Star.

Established in 2017, Singular Medical is a new high-tech company specializing in R&D, production, and sales of various types of cardiac products, including ICD, pacemaker, and ICM (Implantable Cardiac Monitor). Its head office is located in the Medpark in Suzhou with clean rooms of 2800 square meters, and two R&D centers are set in Beijing and Irvine (USA) respectively.

Having gathered talents from different fields, such as electronics, chips, software, and structural design, Singular Medical is devoted to providing a complete range of solutions (from detection to follow-up) for large amounts of cardiac patients.

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen, Hong Kong, Seattle, Boston, and San Francisco Bay Area. Currently, Qiming Venture Partners manages seven US Dollar funds and five RMB funds with over US$4 billion assets under management. Qiming Venture Partners invests in information technology, new consumer business patterns, and the healthcare sector.

Founded in 2005, Northern Light is a venture capital firm targeting early-stage opportunities of innovation and disruptive technology. It has 5 RMB funds and 5 USD funds with managed capital of 4.5 billion dollars. Northern Light focuses on 3 main sectors including TMT, advanced technology, and healthcare covering medical devices, E-health and so on.