SoYoung Technology, a China-based plastic surgery services marketplace backed by internet group Tencent, raised $60m in a series D round yesterday led by growth equity fund Apax Digital.
The round also featured undisclosed new and existing investors. SoYoung secured $50m in funding from Tencent at a $462m valuation in 2016 but has not disclosed any other funding details.
Founded in 2013, SoYoung operates mobile apps and a website enabling users to book appointments with plastic surgery clinics and doctors.
Customers can upload reviews and rank providers on the platform, which SoYoung claims is the largest such marketplace in China. The series D funding will help it improve its offering, expand into additional geographies and grow its user base.
Jin Xing, chief executive of SoYoung, said: “We are delighted to welcome Apax Digital as a partner and investor in our business.
“Apax Partners’ extensive track record in digital marketplaces, experience in healthcare investment, leading Chinese market presence and proven operating team made it the ideal partner for our business as we continue to bring our app and services to a greater number of consumers.”