Helian Health Valuation, Funding & Investors

Helian Health is valued at $900M as of June 2018.

Last Helian Health valuation

$900M

Series B · Jun 2018

Last Helian Health funding round

$75M

Series B · Jun 2018

Cumulative funding Helian Health raised

$84M

across 2 funding rounds

Key investors in Helian Health

  • 6 Dimensions Capital
  • Marathon Venture Partners
  • SenseTime Group
  • Wanxiang America Healthcare Investments Group
  • Hangzhou Lianchuang Investment

Helian Health Overview

About Helian Health

Helian Health is a Hangzhou-based medical internet company, operating as Zhejiang Qilian Network Technology since 2014. It delivers hospital IoT solutions, including WiFi networks, patient apps, and medical staff tools, serving 1,700 hospitals across 245 cities. Partnerships with Foxconn enable LoRa-based systems for outpatient and inpatient scenarios, covering nearly 100,000 access points. The portfolio features Medicare Xiaobian app for doctors and Health App for personalized wellness plans using AI-driven data analysis.


Founded

2014

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Subscription, Product sales

Valuation

$900M (Jun 2018)

Helian Health Valuation

Helian Health is currently valued at $900M, based on its Series B in June 2018.

The $75M round was led by SenseTime Group, with participation from Hangzhou Lianchuang Investment and Wanxiang America Healthcare Investments Group.

Helian Health valuation by funding round

Helian Health valuation by funding round
DateStageValuation
Jun 2018Series B$900M

Helian Health Funding History

Helian Health has raised a total of $84M across 2 funding rounds.

Helian Health's first fundraising round was a $9M Series A in October 2017. The most recent completed round was a $75M Series B in June 2018.

Helian Health funding rounds

Helian Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2018Series BSenseTime Group (lead); Hangzhou Lianchuang Investment; Wanxiang America Healthcare Investments Group$75M$900MHelian Health is a Hangzhou-based healthcare technology company founded in 2014 that provides wifi services and digital health platforms for hospitals across China. The company operates two main applications: Xiaohe Yizhu, a cloud-based platform allowing healthcare professionals to store electronic health records, share case studies, and access medical imaging tools; and Hejiankang, a corporate wellness platform that enables companies to provide personalized health recommendations to employees. By the time of this funding round, Helian's wifi network had expanded to cover more than 1,700 hospitals across 245 Chinese cities, establishing itself as a leader in hospital internet of things applications. In June 2018, Helian Health closed a $75 million Series B funding round led by SenseTime Group, a Chinese artificial intelligence unicorn valued at $4.5 billion at that time. Co-investors in the round included Wanxiang Investment (a Hangzhou government-backed entity) and Hangzhou Lianchuan Investment Management Ltd. The round valued Helian Health at $900 million post-money. SenseTime's co-founder Xu Bing emphasized that the investment would accelerate the application of SenseTime's AI and computer vision technologies within hospitals and expand the AI company's portfolio in smart healthcare. This Series B round represented significant growth for Helian Health, which had previously raised RMB 60 million (approximately $9 million) in an October 2017 Series A round led by 6 Dimensions Capital, a healthcare investment firm formed by pharmaceutical company WuXi AppTec and VC firm Frontline Bioventures, with participation from Marathon Venture Partners. The strategic partnership with SenseTime positioned Helian to leverage advanced medical imaging and AI-based image recognition technology to enhance its hospital digital health offerings.
Oct 2017Series A6 Dimensions Capital (lead); Marathon Venture Partners$9M--

Who has invested in Helian Health?

5 investors have backed Helian Health across its funding rounds, including 6 Dimensions Capital, Marathon Venture Partners, SenseTime Group, Wanxiang America Healthcare Investments Group and Hangzhou Lianchuang Investment.

Lead investors include SenseTime Group and 6 Dimensions Capital.


Helian Health Investors

Investors in Helian Health by funding rounds participated
InvestorHQRoundsRoleFirst check
Marathon Venture PartnersChinaShanghai1ParticipantOct 2017
SenseTime GroupChinaShanghai1LeadJun 2018
Hangzhou Lianchuang InvestmentChinaShanghai1ParticipantJun 2018

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Helian Health Competitors

Helian Health competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like NexHealth, BrightInsight, DocPlanner and UpStream Care.

Public and private companies comparable to Helian Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NexHealthUnited StatesSan Francisco, CAPrivate--$1B-
BrightInsightUnited StatesSan Francisco, CAPrivate--$750M-
DocPlannerPolandWarsawPrivate--$1B-
UpStream CareUnited StatesGreensboro, NCPrivate--$1B-
Guiyang LongmasterChinaChinaPublicly listed$44M$5M$482M-
Medley Inc.JapanJapanPublicly listed$236M$32M$459M1.8x

Helian Health Public Comps

Helian Health is still privately-owned, but its public comps include HealthStream, MedicalSystem Technology, Yunding Technology, Talkspace, Hangzhou Pinming Software, Sphere, iFLYHealth, Queclink, B-Soft Co. and Vitec Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HealthStream$304M$63M2.8x2.6x13.2x11.2x
MedicalSystem Technology$45M$12M18.9x15.6x70.7x62.9x
Yunding Technology$228M$22M3.6x-37.9x-
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Hangzhou Pinming Software$65M$8M12.5x11.9x100.2x-
Sphere$70M$6M14.3x6.9x156.3x103.0x
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
Queclink$133M$12M4.8x4.2x51.7x29.5x

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Common questions about Helian Health

When was Helian Health founded?Helian Health was founded in 2014.
Where is Helian Health headquartered?Helian Health is headquartered in Hangzhou, China.
Is Helian Health publicly listed?No, Helian Health is a private, VC-backed company.
What is Helian Health's valuation?Helian Health was last valued at $900M in its Series B in June 2018.
How much funding has Helian Health raised?Helian Health has raised $84M across 2 funding rounds.
What was Helian Health's last funding round?Helian Health's last funding round was a $75M Series B in June 2018, led by SenseTime Group.
Who are Helian Health's investors?Helian Health's investors include Marathon Venture Partners, SenseTime Group, Hangzhou Lianchuang Investment, 6 Dimensions Capital and Wanxiang America Healthcare Investments Group.
Which companies are comparable to Helian Health?Companies comparable to Helian Health include NexHealth, BrightInsight, DocPlanner, UpStream Care, Guiyang Longmaster and Medley Inc..

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