Precision medicine startup 3DMed secures USD 120M for the R&D of new medicine solutions, & more

Precision medicine startup 3DMed receives USD 120M for Series E


Founder: Simon Shung

Founded in: 2010

Financing status: RMB 670 million (USD 120 million) for Series E financing in 2017

Precision medicine startup, 3DMed, received USD 120 million for Series E on November 23 for the R&D of new precision medicine solutions.

3DMed is a precision medicine startup that focuses on providing cancer patients with advancing precision medicine solutions. “3D” refers to Diagnostics, Data, and Drug development, which means the combined strength of diagnostics, big data, and drug development in precision cancer care. 3DMed’s medicine solutions, which include sequencing, a PDC bank for liver cancer, and an Oncology Data Service Platform (OncoDSP), can guide clinicians to choose the right treatment for cancer patients, and help our scientists to develop effective medicines to treat cancer.

Founded in 2010 in Shanghai, the company has headquarters and an R&D center in Shanghai, global clinical operations in Beijing, clinical diagnostic laboratories in Shanghai and Shenyang, and operations offices in Chengdu, Guangzhou, and Maryland. So far it has 370 employees and its services cover more than 200 hospitals in China, serving a total of over 10,000 patients.

This new financing round was led by China Venture Capital Co.,Ltd, with China Equity Group and other venture capitals participating as investors. The capital will be used to further invest in the research and development of its precision medicine solutions, as well as to promote to more hospitals.

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Unmanned convenience store Guoxiaomei receives USD 45M for Series C


Founder: Yan Limin

Founded in: 2017

Financing status: RMB 300 million (USD 45 million) for Series C financing in 2017

Unmanned convenience store, Guoxiaomei, received USD 45 million for Series C on November 23 for market expansions.

Guoxiaomei is an unmanned convenience store that places cashier-free smart vending machines, mini convenience stores, as well as snack bars in corporate offices. Unlike other unmanned convenience stores that place convenience stores and smart vending machines in residential areas, Guoxiaomei mainly puts snack shelves that support cash-free payment via smartphones inside corporate offices. Its machines offer items like chips, milk, eggs, dried fruits, cookies, and instant noodles.

Founded in 2017 in Chengdu, Guoxiaomei has so far placed hundreds of snack shelves in the Chengdu offices of Tencent, Alibaba, China Telecom and Focus Media. It is building a new headquarter base, which integrates artificial intelligence, smart devices, intelligent logistics, and so on.

This Series C financing round was from an undisclosed group of investors. Previously, the company grabbed financing funding from IDG, FreesFund, Meng Xing, the founder of Chinese restaurant Diaoyeniunan, and Luo Xi, the founder of smart hardware incubator, Redianchang. The capital raised in the latest financing round will be used to put more unmanned convenience stores in new cities, as well as further develop new types of smart vending machines.

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Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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