Xisoft Raises ￥100 Million in Extended Series A Round

(VCBeat) May. 27, 2021 -- Recently, Shanghai Xisoft Technology Co., Ltd. ("Xisoft"), a digital technology company focusing on hospital economic operation and management, announced that it has received an additional Series A round of 100 million yuan, led by Sequoia Capital China, with participation from the existing investors Gaorong Capital and Sherpa Healthcare Partners.

Xisoft focuses on the digitalization of the economic operation and management in hospitals. The funds raised will continue to accelerate the promotion of a new generation of intelligent operation platforms, promote the R&D of regional health economy operation and regulatory platforms, and build China's leading brand of digital economic management and data services in the field of healthcare.

The new-generation operation management system of Xisoft integrates the technology and business. Xisoft has updated the product and solution capabilities of the intelligent application and mobile online service, combining the application scenarios of hospital management, using modern AI technology and digital twin principle, to establish an integrated digital economy model for real-time online query, real-time business processing. The company is inducing intelligent economic accounting, expense management, distribution platform, and material management to hospitals to enter the stage of intelligent management.

At present, XiSoft's new generation of management system provides 12 application modes for medical institutions, including operations and management integration, business and asset integration, collectivize management, accurate control, cloud platform, supply chain collaboration, human resource management, online apps, internal control system, big data management, decision analysis, collaborative work portal, and smart apps. All levels of medical institutions can, in accordance with the different management requirements, choose the appropriate model.

Sequoia Capital China, as the "entrepreneur behind entrepreneur", focuses on investment in four directions including technology/media, healthcare, consumer goods/modern services and industrial technology. Over the past 15 years, Sequoia Capital China has invested in nearly 600 enterprises with distinctive technical characteristics, innovative business models, and high growth and development potential.

Gaorong Capital is devoted to creating a better life through innovation. It is dedicated to identifying the leading founders and collaborating with them to achieve long-term value. Gaorong Capital focuses on the investment of innovations in technology and business models along with industrial integration.