China-based healthcare access app developer Haodaifu Online has raised $200m in a series D round led by internet group Tencent, China Money Network reported yesterday.
Founded in 2006, Haodaifu operates a platform that enables users to search for hospitals and doctors, book appointments, locate and share information, and receive online consultancies.
There are more than 10 million patients registered with the platform, which has signed up about 490,000 doctors spanning 7,500 Chinese hospitals or clinics.
The series D funding will be used to enhance Haodaifu’s online healthcare capabilities and grow its appointment booking system to cover every city in the country. The company also plans to introduce a health insurance offering.
Haodaifu previously raised $3m in a 2008 series A round led by venture capital firm DCM Ventures before adding an eight-figure dollar amount in a 2011 series B investment from growth equity firm Trustbridge Partners.
Trustbridge Partners subsequently provided $60m in series C funding for the company in 2015.
The round comes in the same week as another healthcare access platform, Kingdee Healthcare, raised $14.5m in a series A round co-led by e-commerce company JD.com and financial services provider Yongjin Group.