China-based dentistry services provider Bondent Technology has closed a nine-figure renminbi (RMB100m = $14.5m) series D round featuring supply chain services and real development firm Xiamen C&D, China Money Network reported on Friday.
Legend Capital, the venture capital firm launched by conglomerate Legend Holdings, also contributed to the round, together with venture capital firm Qiming Venture Partners.
Founded in 2009, Bondent develops and markets products for the dental profession, such as dental chairs, imaging systems and training programs. It employs roughly 1,000 people across its eight subsidiaries, and provides its services to customers in more than 40 countries.
The series D cash will support international growth by Bondent in foreign markets in addition to research and development.
While full details of Bondent’s earlier funding could not be confirmed, it launched a series C round in September 2017 and announced a strategic pact at the same time with Qiming, pharmaceutical company Shanghai Pharmaceuticals’ Health-care Investment Fund and insurance group Sunshine Insurance.
The company’s other backers include Shanghai Gopher Asset Management – an affiliate of wealth management firm Noah Holdings – and venture capital firm IDG Capital, according to China Money Network.