Good Doctor Cloud Health Raises ￥100 Million in Series A Funding Round

(VCBeat) Feb. 22, 2021 -- Recently, Sichuan-based Good Doctor Cloud Health announced today that it has raised more than 100 million yuan in a Series A funding round, led by OrbiMed. The investment will enable Good Doctor Cloud Health to accelerate the promotion and upgrade in the grass-roots Internet medical market, improve the marketing and service system, expand and integrate the business structure, and consolidate its core competitiveness in the industry.

Founded in 2015, Good Doctor Cloud Health is committed to supporting grassroots medical institutions by medical testing, Internet hospitals, drug supply, and medical education, and creating a comprehensive system of Internet services for grassroots healthcare. The company started with third-party medical testing services and a complete set of cold chain logistics for grassroots medical institutions. 

So far, Good Doctor Cloud Health has more than 10 million active clinic clients, providing more than 1000 kinds of tests, with nearly 20 million orders monthly. Its business has covered nearly 30 provinces and cities, and more than 1000 counties nationwide.

In recent years, Good Doctor Cloud Health has improved and integrated the businesses of characteristic therapy R&D and supply, medical assistant training, drug and medical devices e-commerce, online medical education and others, which have begun to take shape. In February 2021, the license of Good Doctor Cloud Health Internet hospital was officially approved.

OrbiMed is a healthcare-dedicated investment firm, with approximately US$5 billion in assets under management. OrbiMed's investment advisory business was founded in 1989 with a vision to invest across the spectrum of healthcare companies.