One of our portfolio companies, MALO CLINIC CHINA, a chain dental service provider closed an RMB 230million Series D funding jointly invested by V-star Capital, Green Land Capital, and Gopher Asset.
The proceed of the funding will be used for further expansion of clinics in China through new setups and acquisitions, R&D for new technologies and products, and working capital.
Founded in 1995 in Portugal，MALO CLINIC is a global dental and oral health service provider dedicated to management of chain dental clinics, and dentistry related product R&D, denture processing, and training. MALO CLINIC CHINA has adopted a “whole industry chain” approach since its commencement in 2012 and now owns 21 dental clinics in 16 cities, 2 denture processing factories, 1 training center and 1 procurement center.
MALO CLINIC CHINA is plan to invest in further development of dental disciplines of all owned clinics and in establishing a practical training system led by top senior dentists, said by Mr. Yang, COO of MALO CLINIC CHINA.
As shown by open sources, MALO CLINIC CHINA has previously closed 3 rounds of financing, including round A of ten millions in USD by High Light Capital in April 2014, and round B of 85 million RMB by High Light Capital, HaoYue Capital, Gravity Capital and V-star Capital in April 2016, and round C of 110 million RMB by High Light Capital, Positive Prospects Ltd., GP Capital and V-star Capital in April 2017.