Insight Lifetech Completes ￥200M Series B+ Round, To Launch the First FFR Tool in Direct Measurement

According to VCBeat, Shenzhen-based Insight Lifetech Co., Ltd. ("Insight Lifetech") has announced the completion of a ￥200 million Series B+ round of financing. The latest round is led by SDIC Unity Capital, with participation from Green Pine Capital, Efung Capital, TusPark Ventures, and the existing investors Sequoia Capital China and Sherpa Venture Capital.

Proceeds from this financing will be used for the R&D and upgrading of the technology platform, and the launch and sale of Insight Lifetech's first product.

Insight Lifetech is committed to providing high-quality medical devices featuring reliable precision diagnosis and therapy through constantly innovative technologies. The company aims to become a global leading designer and manufacturer in interventional diagnosis and therapy.

Insight Lifetech currently encompasses an office and engineering R&D area of 12000 square feet, and a GMP facility, including ISO Class 7 clean rooms, of about another 12000 square feet. The facility is designed and constructed based upon the latest Good Manufacturing Practice (GMP) requirements by CFDA.

The fractional flow reserve (FFR) measurement system consists of two parts, TruePhysio^® pressure microcatheter and VivoCardio^® FFR equipment. The TruePhysio^® pressure microcatheter is the first MEMS sensor-based rapid exchange FFR system with great performance such as stable and accurate measurement, extremely fine pipe body, significantly low drift rate, and rapid-exchange design.

SDIC Unity Capital is a professional guidance fund and parent fund management platform of SDIC Group. It focuses on equity investment in forward-looking and strategic emerging industries and management of parent funds and government-guided funds.

Founded in 2007, Green Pine Capital is one of the most time-honored venture capital institutions in China, with rich experience in biomedicine, new energy and materials, advanced manufacturing, artificial intelligence, and other fields. The company not only provides funds for the invested enterprises, but also provides high-quality post-investment services and integrated resources. Green Pine Capital manages funds of ten billion yuan and has invested more than 7 billion yuan.