Beijing Allcure Medical Technology Funding, Investors & Competitors

Beijing Allcure Medical Technology has raised $136M across 3 funding rounds, most recently a $104M Series B in July 2018.

Last Beijing Allcure Medical Technology funding round

$104M

Series B · Jul 2018

Cumulative funding Beijing Allcure Medical Technology raised

$136M

across 3 funding rounds

Key investors in Beijing Allcure Medical Technology

  • China Capital Investment Group
  • Lotus Venture Capital
  • GP Healthcare Capital
  • China Health Industry Investment Fund
  • MAGS Capital
  • Lian Fund

Beijing Allcure Medical Technology Overview

About Beijing Allcure Medical Technology

Beijing Allcure Medical Technology is a Beijing-based radiotherapy software developer offering mdaccAutoPlan algorithms for automated treatment planning. It integrates internet, big data, and cloud computing to optimize proton therapy and IMRT for tumor centers. Established in 2016, the company collaborates with hospitals like MD Anderson Cancer Center affiliates in China.


Founded

2015

HQ

ChinaBeijing

Website

allcure.cn

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Beijing Allcure Medical Technology Funding History

Beijing Allcure Medical Technology has raised a total of $136M across 3 funding rounds.

Beijing Allcure Medical Technology's first fundraising round was a $5M Series A in January 2015. The most recent completed round was a $104M Series B in July 2018.

Beijing Allcure Medical Technology funding rounds

Beijing Allcure Medical Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2018Series BChina Capital Investment Group (lead); GP Healthcare Capital; China Health Industry Investment Fund$104MBeijing Allcure Medical Technology is a Chinese tumor radiotherapy startup focused on developing innovative cancer treatment technologies. In July 2018, the company closed a Series B financing round led by China Capital Investment Group (CCIG), a subsidiary of China International Capital Corporation (CICC). The round raised RMB 700 million (approximately US$102.67 million) and also included participation from China Health Industry Investment Fund Co. Ltd., a fund established by China Electronics Corporation Data (CEC Data), and Shanghai Jinpu Jiangfu Equity Management. The financing proceeds were intended to accelerate the company's pipeline assets into pre-clinical and clinical phases. At the time of the Series B round in July 2018, the company had achieved revenue exceeding RMB 100 million (approximately US$14.5 million) for the financial year 2018, demonstrating early traction in the Chinese medtech market. The funding reflected investor confidence in Allcure Medical's position within China's growing medical device sector, which was transitioning toward higher-value-added segments of the global value chain during this period.
Aug 2016Series ALian Fund (lead); MAGS Capital (lead)$27M-
Jan 2015Series ALotus Venture Capital (lead)$5MBeijing Allcure Medical Technology raised approximately $4 million from Lotus Venture Capital in an earlier round prior to a subsequent Series B funding of $103 million.

Who has invested in Beijing Allcure Medical Technology?

6 investors have backed Beijing Allcure Medical Technology across its funding rounds, including China Capital Investment Group, Lotus Venture Capital, GP Healthcare Capital, China Health Industry Investment Fund, MAGS Capital and Lian Fund.

Lead investors include China Capital Investment Group, Lian Fund, MAGS Capital and Lotus Venture Capital.


Beijing Allcure Medical Technology Investors

Investors in Beijing Allcure Medical Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
GP Healthcare CapitalChinaShanghai1ParticipantJul 2018
MAGS CapitalChinaBeijing1LeadAug 2016
Lotus Venture CapitalChinaChaoyang1LeadJan 2015
China Health Industry Investment FundChinaBeijing1ParticipantJul 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by Beijing Allcure Medical Technology

Beijing Allcure Medical Technology has invested in 1 company to date.

Latest investment by Beijing Allcure Medical Technology was on October 25th 2017. Beijing Allcure Medical Technology invested in RXThinking in their $2M Series A round.


Latest Investments by Beijing Allcure Medical Technology

RXThinking
Description
RXThinking is a health technology company leveraging artificial intelligence and big data analytics for medical applications. The platform processes vast datasets to support diagnostics, personalized treatment recommendations, and predictive health outcomes. RXThinking serves healthcare providers with tools for genomic analysis, electronic health record integration, and population health management, operating primarily in Asian markets including China.
HQ CountryChina
HQ City
Beijing
Deal Date25 Oct 2017
RoundSeries A
Raised$2M
InvestorsFoshan Junbo Technology; Grit Ventures
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Beijing Allcure Medical Technology Competitors

Beijing Allcure Medical Technology competitors include listed companies like GE HealthCare, Pro Medicus, United Imaging and RaySearch Labs, and private ones like United Imaging Intelligence and Viz.

Public and private companies comparable to Beijing Allcure Medical Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GE HealthCareUnited StatesUnited StatesPublicly listed$21B$3.7B$29B1.8x
Pro MedicusAustraliaAustraliaPublicly listed$186M$147M$13B62.7x
United ImagingChinaChinaPublicly listed$2.1B$367M$12B4.8x
United Imaging IntelligenceChinaShanghaiPrivate--$1.4B-
VizUnited StatesUnited StatesPrivate$100M-$1.3B12.8x
RaySearch LabsSwedenSwedenPublicly listed$137M$59M$583M4.2x

Beijing Allcure Medical Technology Public Comps

Beijing Allcure Medical Technology is still privately-owned, but its public comps include Natera, IQVIA, Agilent, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, Quest Diagnostics, Labcorp and Guardant Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Natera$2.3B($266M)22.5x19.0x(195.0x)(261.5x)
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Agilent$6.9B$1.8B6.7x6.2x26.1x21.0x
Veeva$3.2B$965M11.1x10.2x36.9x22.4x
IDEXX Laboratories$4.3B$1.5B9.5x8.9x27.1x24.9x
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
GE HealthCare$21B$3.7B1.8x1.8x10.1x10.0x
Quest Diagnostics$11B$2.2B3.0x2.9x15.5x14.5x

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Common questions about Beijing Allcure Medical Technology

When was Beijing Allcure Medical Technology founded?Beijing Allcure Medical Technology was founded in 2015.
Where is Beijing Allcure Medical Technology headquartered?Beijing Allcure Medical Technology is headquartered in Beijing, China.
Is Beijing Allcure Medical Technology publicly listed?No, Beijing Allcure Medical Technology is a private, VC-backed company.
How much funding has Beijing Allcure Medical Technology raised?Beijing Allcure Medical Technology has raised $136M across 3 funding rounds.
What was Beijing Allcure Medical Technology's last funding round?Beijing Allcure Medical Technology's last funding round was a $104M Series B in July 2018, led by China Capital Investment Group.
Who are Beijing Allcure Medical Technology's investors?Beijing Allcure Medical Technology's investors include GP Healthcare Capital, MAGS Capital, Lotus Venture Capital, China Health Industry Investment Fund, Lian Fund and China Capital Investment Group.
Which companies are comparable to Beijing Allcure Medical Technology?Companies comparable to Beijing Allcure Medical Technology include GE HealthCare, Pro Medicus, United Imaging, United Imaging Intelligence, Viz and RaySearch Labs.
How many companies has Beijing Allcure Medical Technology invested in?Beijing Allcure Medical Technology has invested in 1 company, including RXThinking.
What was Beijing Allcure Medical Technology's last investment?In October 2017, Beijing Allcure Medical Technology invested in RXThinking's $2M Series A alongside Foshan Junbo Technology and Grit Ventures.

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