ZD MedTech Raises ￥10M in Series A Round of Financing

According to VCBeat, Shanghai Zhuodao Medical Technology Co., Ltd. ("ZD MedTech"), an innovative enterprise of rehabilitation robots, announced that it had completed a Series A financing worth tens of millions of yuan, led by ZJ Hi-Tech with participation from Legend Star. ZD MedTech will use the funding to conduct the R&D and registration of innovative rehabilitation robots, develop related hardware to enrich its product matrix and expand the market.

China's rehabilitation equipment market is exploding. Using high-end technology, rehabilitation robots are the integration of robotic and medical technology. It allows rehabilitation doctors' operations to be repetitive, and also makes it possible for remote rehabilitation and centralized medical treatment.

ZD MedTech focuses on the development of rehabilitation robots and intelligent solutions. Through continuous innovation, the company has developed more than ten types of world-leading rehabilitation robots.

Among them, the Nimbot^® exoskeleton robot for upper-limb rehabilitation has the world's first mechanical exoskeleton structure to allows five degrees of freedom of the shoulder complex. The ArmGuider^® training system for upper-limb rehabilitation is the first among similar products to obtain the class II medical device certification in China and has been applied in hundreds of hospitals in China. 

The SmartSling^® robot for lower limb Rehabilitation, as the first innovative medical device, to realize full degrees of freedom of hip and knee in clinical practice in China. It has obtained class II medical device certification at the end of 2020 and been launched in the market.

ZJ Hi-Tech was listed on the Shanghai Stock Exchange in April 1996 (stock code: 600895). It plays an important role in the development of Zhangjiang Science City. Through investments covering the entire industrial chain, ZJ Hi-Tech takes advantage of market resources to boost the development of enterprises in the way of direct investment and funds as a state-owned venture capital firm. 

Legend Star helps entrepreneurs create great businesses through investments, CEO training sessions, and an entrepreneurs alliance. Since 2008, Legend Star has incubated and invested in nearly 600 companies and is deeply integrated into the Chinese entrepreneurial ecosystem.

Legend Star is the independent early-stage investment arm of Legend Holdings. Legend Holdings is the parent company of Lenovo, Raycom Real Estate, Joyvio Agribusiness and a large range of fast-growing Chinese companies.