Quyiyuan, the China-based developer of a medical appointment booking platform, has raised RMB216m ($32.4m) in series B+ capital from investors including internet services company Baidu, China Money Network reported today.
SBCVC, the Chinese venture capital firm sponsored by telecommunications and internet group SoftBank, and healthcare investment firm HighLight Capital also took part in the round.
Quyiyuan operates an online platform that provides users with information on local medical facilities and allows them to make appointments and pay for services.
Also known as Quyi, the company received $40m in a September 2015 series B round led by Baidu and backed by SBCVC and HighLight, after reportedly raising $8.5m in a September 2014 round.
The round was announced at the same time as a $14.6m round for a company also launched by Quyiyuan’s founders, healthcare management software provider Shanghai Kyee Technology, which got the funding from investors including SBCVC and CDH Venture Partners.
Kyee supplies hospitals with care management software and smart devices that help them manage services more efficiently. It raised $36m in an August 2015 series C round led by Sensegain Investment that included SBCVC and Highlight Capital.
SoftBank reportedly invested $8.9m in the company in 2012, before participating in a $15m series B round led by CDH Investments two years later.