China-based medical robot developer HGZ Medical has closed a RMB100m ($14.2m) series B round featuring Lenovo Capital, the corporate venturing arm of electronic device manufacturer Lenovo, according to DealStreetAsia.
The round was led by government-owned holding company State Development and Investment Corp.
Founded in 2000, HGZ Medical develops medical robots used by more than 100 Chinese hospitals to assist neurosurgery procedures.
The series B proceeds will go to HGZ’s growth strategy, including R&D on existing and new products.
HGZ Medical previously collected a seven-digit dollar series A sum from Tong Sheng Capital in March 2019, according to DealStreetAsia.