Investcorp invests in China-based Linkedcare

Mubasher: Investcorp, listed on Bahrain Bourse, has entered into definitive agreements to invest in China-based Linkedcare, a Software-as-a-Service (SaaS) and supply chain management provider for the dental and medical aesthetics industry.

Linkedcare has secured more than $100 million in the Series D and C2 rounds of funding during the past six months, according to a press release on Wednesday.

The Series D round of funding was led by Investcorp with co-investors Matrix Partners China, Lightspeed China Partners, So-Young International, Jinding Capital, and Sheng Ye Capital.

Established in 2015, Linkedcare currently provides services and SaaS solutions to over 30,000 dental and medical aesthetic clinics in the mid-to-high-end segment.

The SaaS solutions cover standalone and chain management, outpatient and inpatient CRM, electronic medical records, inventory and sales management, financial reporting, insurance payment, imaging PACS, YouKe SCRM smart marketing, and YouShu smart business analytics.

The Co-CEO of Investcorp, Hazem Ben-Gacem, said: "As part of our investment strategy, we have been actively growing our presence in Asia over the past years and this is yet another milestone that we have reached as we continue to advance our diversification journey."

Meanwhile, the CEO and Co-Founder of Linkedcare, Zhijia Wu, commented: "We look forward to developing highly synergetic cooperation with Investcorp’s portfolio companies in the global dental care industry to bring world-leading innovative products to our clinician customers in China."

Mubasher Contribution Time: 23-Jun-2021 09:50 (GMT)
Mubasher Last Update Time: 23-Jun-2021 09:50 (GMT)