Raycome Raises ￥55M in Funding Round Led by OFC

(VCBeat) Jan. 23, 2021-- Shenzhen Raycome Health Technology Co., Ltd. ("Raycome") closing an investment round of￥55M led by Oriental Fortune Capital (OFC) with participation from Gree Financial Investment, a subsidiary of Gree Group. 

In 2021, Raycome will build an automated production base in Zhuhai with an overall planning area of more than 30,000 square meters for production, experiment, testing, quality control, warehousing and logistics, etc. The new base will use automated production technology to improve productivity, upgrade supply chain in manufacturing, Thus, with the improvements in product quality, cost control and production efficiency, which provide strong support for the new business model of pulse-wave sphygmomanometers, Raycome can greatly promote the process of market expansion, and strengthen its absolute dominant position in the market share.

Raycome is a national high-tech company committed to the overall solutions of hardware and software related to blood pressure (BP). Its fourth generation of double-tube and double-sensor BP accurate measurement technology -- the pulse-wave BP measurement method self-developed by Raycome has applied for invention patents in more than 40 countries around the world and has been granted patents in 9 countries and regions.

Through the pulse-wave sphygmomanometer based on big data, mobile medical treatment and AI technology, Raycome is committed to developing blood pressure management system to provide comprehensive services such as self-service BP measurement, ambulatory BP monitoring, blood pressure monitoring data statistics and analysis at home, health alert, healthy life guidance, and so on. 

Founded in 2006, OFC manages 42 funds with AUM of more than 20 billion yuan. OFC invests in small and medium-sized growth-oriented companies. Its funds cover five industries: Telecommunication, Media & Technology (TMT), Green Technology, New Material & Advanced Manufacturing Technology, Healthcare, and Entertainment & Consumption. The company invests in various business development stages through the angel, venture capital, and private equity investment vehicles.

Gree Financial Investment is an industrial investment company under the management of Gree Group. Located in the Guangdong-Hong Kong-Macao Greater Bay Area, Gree Financial Investment is committed to building itself into a professional, efficient and influential state-owned industrial investment platform based on the development strategy of Zhuhai.