Xiyou Health Completes ￥10M Series A Financing

According to VCBeat, on July 23, 2020, Xiyou Health, a company in the new retailing of medical devices founded by Kang Kai, former director of Ali Health and general manager of YAO.TMALL.COM, has completed a Series A financing of tens of millions, with participation from Volcanics Venture, Yinglian Health Industrial Fund, and the existing shareholder For Future Capital.

Founded in 2019, Xiyou Health is a medical device retailer committed to promoting the performance of physical pharmacies and creating new retail scenarios. The company is supported by two dividends of growth in the medical device industry and the separation of pharmaceutical business and medical services. Xiyou Health brings together the talents in the domestic pharmaceutical retail and medical device fields.

"Medical devices are bound to become a new growth breakout point for pharmacies in the future, with the market being changed by social trends and consumption concepts," Kang Kai said, "Xiyou Health focuses on the new retail development of medical devices. It has formed a complete system from front-line training to the integration of supply chain and sale chain resources, and then to the health solutions for users, which directly increases the retail sales performance of cooperative pharmacies.”

"There is a big structural shift going on in the pharmaceutical industry and big changes have big opportunities," says Kai Liu, managing director of Volcanics Venture. In this revolution, Xiyou Health provides better services for patients and creates greater value for partners through new retail approaches. Volcanics Venture is optimistic about the development of Xiyou Health."

Volcanics Venture was founded in May 2016. It invests in the most promising companies and outstanding entrepreneurs in Internet Innovation, Intelligent Technology, and Healthcare industry.

Volcanics Venture brings a powerful combination of global perspective and local experience to investment management, striving to provide sustainable value-added service to their portfolio companies and bring superior returns to their limited partners.

Founded in 2018, For Future Capital is an industrial fund focusing on the field of medical innovation, mainly investing in the fields of innovative medical payment, new retail in pharmacies, innovative medical scene, and consumer healthcare products.