Just Medical Snags ￥100M in Series B Financing

(VCBeat) May. 8, 2021 -- Jiasite Huajian Medical Device (Tianjin) Co., Ltd. ("Just Medical") recently completed a Series B round of financing worth several hundred million yuan. This funding round was jointly led by Qiming Venture Partners and SDIC Unity Capital, with participation with the existing investors YuanBio Venture Capital, LYFE Capital, Tasly Capital, Fangyuan Capital, etc.

The funding will be used to develop a full-process digital solution for artificial joints and products for cartilage repair.

According to public information, the latest round of financing is the largest single financing in the artificial joint sector in recent years. This not only demonstrates the recognition of the continuous innovation system of Just Medical by the capital but also proves that the industry in which Just Medical is located has great development space.

Just Medical develops treatments of joint diseases, focusing on improving the life quality of patients with joint diseases, reducing the cost of the whole society, building and perfecting joint treatment solutions, and forming a harmonious joint disease treatment ecosystem.

The medical and engineering connection platform of artificial joints of Just Medical, has set up the cooperation and information exchange for hospitals, clinical doctors, research institutions and universities, to develop more innovative medical interactive cooperation projects, conduct research and development of new technologies, new materials, and new products with the international competitiveness.

Based on the convenient interaction platform, Just Medical has developed the world's first trabecular acetabular system, which has become the world's first and only marketed product of this type.

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen, Hong Kong, Seattle, Boston, and San Francisco Bay Area. Currently, Qiming Venture Partners manages seven US Dollar funds and five RMB funds with over US$4 billion assets under management. Qiming Venture Partners invests in information technology, new consumer business patterns, and the healthcare sector.

SDIC Unity Capital is a professional guide fund and industry fund management institution, with two national funds, and several industry funds under management, with a total amount of more than 40 billion yuan. SDIC Unity Capital focuses on equity investment, venture investment and fund investment in strategic emerging industries.