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- AllinMD
AllinMD Funding, Investors & Competitors
AllinMD has raised $138M across 3 funding rounds, most recently a $100M Series B in September 2019.
Last AllinMD funding round
$100M
Series B · Sep 2019
Cumulative funding AllinMD raised
$138M
across 3 funding rounds
Key investors in AllinMD
Trustbridge Partners
Tencent
H Capital Advance
Zhejiang Jinke Tom
Sheares Healthcare
Yuxin Capital
About AllinMD
AllinMD is a Beijing-based developer of an AI-powered online training platform tailored for orthopedic surgeons. The platform facilitates knowledge sharing, virtual simulations, and offline training events, leveraging artificial intelligence to enhance diagnostic accuracy and treatment planning. Launched in 2020, AllinMD serves over 50,000 physicians across China through partnerships with top hospitals like Peking University Third Hospital, delivering modules on arthroscopy, joint replacement, and spine surgery to improve patient outcomes nationwide.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
AllinMD Funding History
AllinMD has raised a total of $138M across 3 funding rounds.
AllinMD's first fundraising round was a $10M Series A in January 2016. The most recent completed round was a $100M Series B in September 2019.
AllinMD funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2019 | Series B | H Capital Advance (lead); Sheares Healthcare (lead); Trustbridge Partners; Tencent | $100M | AllinMD Orthopaedics Hospital, a Beijing-based company founded in 2013 by Liu Zhengrong, operates as an internet hospital in China with an online training platform for orthopedic doctors, two physical treatment centers in Yinchuan and Chongqing, and connects over 150,000 registered doctors and 17,000 hospitals. It covers training, treatment, and clinical research services, holding an internet hospital license. The company raised $100 million in its Series B funding round announced around September 2019, led by Sheares Healthcare (under Temasek Holdings) and US venture capital firm H Capital Advance, with participation from Tencent and Trustbridge Partners. This was described as one of the largest fundraises in China's internet medical care sector at the time. The funds are allocated to expand bricks-and-mortar hospitals and online education services to doctors in smaller cities and rural areas. |
| Oct 2017 | Series A | Trustbridge Partners; Zhejiang Jinke Tom | $28M | AllinMD (唯醫骨科), founded in 2013, is China's first company focused on orthopedic medical services, developing an online training platform for orthopedic doctors to share knowledge, conduct offline training, and employ AI to enhance doctor efficiency and provide affordable diagnosis and treatment. The platform targets physicians for professional development and patient care improvement. A Series A round occurred in 2017 with Trustbridge Partners, followed by a Series B in 2019. One source mentions AllinMD's annual recurring revenue (ARR) grew over 2.5 times from 2017 to later periods. |
| Jan 2016 | Series A | Yuxin Capital (lead); Trustbridge Partners | $10M | AllinMD raised $10 million in a funding round on January 11, 2016, from investors Trustbridge Partners and Yuxin Capital. The round achieved a score of 0, percentile of 70.28%, and rank of 1,015, with a reported MOIC of 13.34x. |
Who has invested in AllinMD?
6 investors have backed AllinMD across its funding rounds, including Trustbridge Partners, Tencent, H Capital Advance, Zhejiang Jinke Tom, Sheares Healthcare and Yuxin Capital.
Lead investors include H Capital Advance, Sheares Healthcare and Yuxin Capital.
AllinMD Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jan 2016 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Lead | Jan 2016 | ||
This data is available for Pro users. Sign up to see all 6 AllinMD investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAllinMD Competitors
AllinMD competitors include listed companies like Alef Education and Docebo, and private ones like VIPKID, Articulate, Kajabi and PAPER.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $750M | - | $4.5B | - | ||
| Private | - | - | $3.8B | - | ||
| Private | $100M | - | $2B | 20.0x | ||
| Publicly listed | $210M | $150M | $1.9B | 7.8x | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $243M | $26M | $594M | 2.4x |
AllinMD Public Comps
AllinMD is still privately-owned, but its public comps include Constellation Software, Tyler Technologies, Duolingo, Topicus, Graham Holdings, IPE Universal, Stride, East Buy, COL Global and McGraw Hill.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $2.3B | $543M | 6.2x | 5.8x | 26.6x | 20.4x | |||
| $1B | $152M | 5.4x | 4.9x | 37.3x | 17.9x | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $4.9B | $682M | 1.0x | 1.0x | 7.3x | - | |||
| $15M | $3M | 236.1x | - | 1350.5x | - | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
This data is available for Pro users. Sign up to see all AllinMD competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AllinMD
| When was AllinMD founded? | AllinMD was founded in 2013. |
| Where is AllinMD headquartered? | AllinMD is headquartered in Beijing, China. |
| Is AllinMD publicly listed? | No, AllinMD is a private, VC-backed company. |
| How much funding has AllinMD raised? | AllinMD has raised $138M across 3 funding rounds. |
| What was AllinMD's last funding round? | AllinMD's last funding round was a $100M Series B in September 2019, led by H Capital Advance and Sheares Healthcare. |
| Who are AllinMD's investors? | AllinMD's investors include Trustbridge Partners, Sheares Healthcare, Tencent, Yuxin Capital, Zhejiang Jinke Tom and H Capital Advance. |
| Which companies are comparable to AllinMD? | Companies comparable to AllinMD include VIPKID, Articulate, Kajabi, Alef Education, PAPER and Docebo. |
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