CHIC Health Raises ￥10M in Angel Round of Financing

(VCBeat) Feb. 23, 2021 -- Wuxi CHIC Health Technology Co., Ltd. ("CHIC Health") today announced that it has raised tens of millions of yuan in the angel round of financing from Matrix Partners China. Proceeds from the latest round will enable CHIC Health to accelerate the development of the entire management platform of respiratory diseases, and expand the business in the field of chronic respiratory diseases.

Founded in April 2020, CHIC Health is committed to building a leading platform in the field of chronic respiratory diseases, focusing on the development of the whole-process management system and digital diagnosis and therapeutic products. Through supports for doctors and hospitals to serve patients, CHIC Health removes the core pain points in the diagnosis, treatment and management of chronic respiratory diseases.

It is worth mentioning that CHIC Health is also the first group of enterprises to settle in Wuxi International Life-Science Innovation Campus. By the end of December 2020, the total revenue of CHIC Health, which was established only 8 months ago, has exceeded 10 million yuan.

At present, CHIC Health's whole-process standardized management system for COPD has been implemented in Henan, with more than 4,000 doctors and over 500,000 patients using it. CHIC Health's early screening system of COPD has also covered more than 1,200 tertiary and secondary hospitals nationwide, and completed COPD risk screening more than 2 million times. In 2021, a number of digital therapeutic products of CHIC Health are gradually entering the clinical and certification stage, which will further build its competitive barrier and leading advantage in the vertical field of chronic respiratory diseases.

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant industry-leading companies. Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have gone on to profitable M&A events. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.