Shanghai-headquartered home care services platform Fushoukang has raised ‘tens of millions of US dollars’ in a Series B round led by Qiming Venture Partners, per a company statement on Tuesday.
New investor Beijing Tonglong Capital Management along with return backer Fortune Capital also joined the round.
China Renaissance facilitated the transaction.
Fushoukang claims to hold a 30 per cent market share in Shanghai, serving over 10 million stay-at-home elderly people in 2020.
The company will use the capital for business development across China, platform innovation and commercialisation of personalised services.
In 2018, Fortune Capital, Fosun Pharma, China Everbright’s joint fund HY Capital and others had invested in Fushoukang’s Series A round.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on December 22, 2020.
