KYEE Funding, Investors & Competitors

KYEE has raised $129M across 4 funding rounds, most recently a $64M Series D in September 2020.

See full KYEE profile

Last KYEE funding round

$64M

Series D · Sep 2020

Cumulative funding KYEE raised

$129M

across 4 funding rounds

Key investors in KYEE

  • Sensegain Asset Management
  • SoftBank Group
  • Tencent
  • CDH Investments
  • Highlight Capital
  • SBCVC
  • Dyee Capital
  • Longmen Capital

KYEE Overview

About KYEE

KYEE is a Shenzhen-based provider of medical cloud platforms integrating electronic health records, telemedicine, and IoT devices for smart hospitals. Its systems deploy in 500+ facilities across China, connecting 10 million patient visits yearly. Founded in 2014, KYEE complies with national health informatics standards for big data analytics.


Founded

2004

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

KYEE Funding History

KYEE has raised a total of $129M across 4 funding rounds.

KYEE's first fundraising round was a $15M Series B in March 2014. The most recent completed round was a $64M Series D in September 2020.

KYEE funding rounds

KYEE funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2020Series DTencent (lead); Dyee Capital; Longmen Capital; Jiaxing Guangrun Guquan Touzi Jijin Guanli Youxian Gongsi; Royal Sea Capital$64MShanghai Kyee Technology Co., Ltd (Kyee), founded in 2014 by Zhi Li, provides smart healthcare solutions using cloud computing and SaaS technologies. Its offerings include hospital resource planning and medical cloud services, serving over 13,000 medical institutions such as Shenzhen People’s Hospital and The First People’s Hospital of Guangyuan. The company focuses on transforming segments toward medical cloud and smart medical care through partnerships like with Tencent. On September 17, 2020, Kyee raised 430 million yuan ($64 million) in its Series D funding round led by Tencent. Existing investors DYEE Capital, Royal Sea Capital, and Jiaxing Guangrun (aligned with Beijing Meihe Zhongbang Technology) participated, alongside new investor Longmen Capital. This round brought Kyee's total funding to $137.52 million, with the latest raise listed as $63.62 million. SB China Capital (SBCVC) remains Kyee's largest shareholder with a 39.64% stake, while CDH Investments holds 12.36%. The investment aims to advance medical cloud and smart healthcare initiatives.
Sep 2016Series CSBCVC; Sensegain Asset Management$15MShanghai Kyee Technology Co., Ltd (also known as KingYee) is a healthtech company founded in 2004 that develops software solutions for hospitals and medical institutions. The company offers services including hospital resource planning and medical cloud solutions, and claims to have served over 13,000 medical institutions across China. In 2016, Kyee's Series C+ round was supported by SB China Capital, CDH Investments, DYEE Capital, Sensegain Asset Management, and Echo Capital, raising 97 million yuan ($14 million). SB China Capital became the company's largest shareholder with a 39.64% stake, while CDH Investments held 12.36%. By September 2020, the company had raised a total of $137.52 million across multiple funding rounds, with its Series D round of 430 million yuan ($64 million) led by Tencent.
Aug 2015Series CSensegain Asset Management (lead); Softbank China & India Holdings; Highlight Capital$35MShanghai Kyee Technology Co., Ltd. (KYEE or KingYee), founded in 2004, develops healthcare IT solutions including smart medical technology, smart ward systems, hospital resource planning, and medical cloud services, serving over 13,000 medical institutions such as Shenzhen People’s Hospital. In 2015, KYEE raised approximately 221 million yuan ($33-36 million) in its Series C round from investors including SB China Capital (Softbank China & India Holdings), Sensegain Asset Management (lead), and Highlight Capital, as confirmed across multiple sources. This preceded a Series C+ round in 2016 with 97 million yuan ($14 million) from SB China Capital, CDH, DYEE, Sensegain Asset Management, and Echo Capital. SB China Capital remains KYEE's largest shareholder with 39.64% stake, followed by CDH Investments at 12.36%. KYEE continued raising capital, achieving Series D in September 2020 with 430 million yuan ($64 million) led by Tencent, participating existing investors DYEE Capital, Royal Sea Capital, Beijing Meihe Zhongbang Technology, and Jiaxing Guangrun, bringing total funding to $137.52M as of that time.
Mar 2014Series BSoftBank Group; CDH Investments$15M-

Who has invested in KYEE?

11 investors have backed KYEE across its funding rounds, including Sensegain Asset Management, SoftBank Group, Tencent, CDH Investments, Highlight Capital and SBCVC.

Lead investors include Tencent and Sensegain Asset Management.


KYEE Investors

Investors in KYEE by funding rounds participated
InvestorHQRoundsRoleFirst check
Sensegain Asset ManagementChinaBeijing2LeadAug 2015
Softbank China & India HoldingsHong KongHong Kong1ParticipantAug 2015
SoftBank GroupJapanTokyo1ParticipantMar 2014
TencentChinaShenzhen1LeadSep 2020
Highlight CapitalChinaNanjing1ParticipantAug 2015
Dyee CapitalChinaXiamen1ParticipantSep 2020
SBCVCChinaShanghai1ParticipantSep 2016
Longmen CapitalChinaShenzhen1ParticipantSep 2020
Jiaxing Guangrun Guquan Touzi Jijin Guanli Youxian GongsiChinaJiaxing1ParticipantSep 2020

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Investments by KYEE

KYEE has invested in 2 companies to date.

Latest investment by KYEE was on April 4th 2018. KYEE invested in Xiao Qu Hao Hushi in their $3M Series B round.


Latest Investments by KYEE

Xiao Qu Hao Hushi
iinda
Description
Xiao Qu Hao Hushi is a mobile application delivering online medical consultancy services.
iinda is a Shanghai-based provider of internet medical imaging services. It develops cloud-based platforms for remote radiology diagnostics, AI-assisted image analysis, and telemedicine integration. The company serves hospitals and clinics across China with PACS systems, DICOM viewers, and secure data storage solutions. Operating through imagestart.cn, iinda supports multi-modal imaging including CT, MRI, and X-ray with real-time collaboration tools for radiologists.
HQ CountryChinaChina
HQ City
Shanghai
Chengdu
Deal Date4 Apr 201824 Mar 2017
RoundSeries BSeries A
Raised$3M$2M
Investors--
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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KYEE Competitors

KYEE competitors include listed companies like IQVIA, Veeva, IDEXX Laboratories and Roper Technologies, and private ones like Commure and Doctolib.

Public and private companies comparable to KYEE
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IQVIAUnited StatesUnited StatesPublicly listed$16B$3.4B$44B3.4x
VeevaUnited StatesUnited StatesPublicly listed$3.2B$965M$43B10.2x
IDEXX LaboratoriesUnited StatesUnited StatesPublicly listed$4.3B$1.5B$40B8.9x
Roper TechnologiesUnited StatesUnited StatesPublicly listed$7.9B$3.2B$37B5.7x
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x
DoctolibFranceParisPrivate$400M-$6.4B16.0x

KYEE Public Comps

KYEE is still privately-owned, but its public comps include HCA Healthcare, IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, Alcon, Fresenius, GE HealthCare, Dr. Sulaiman Al Habib and Tenet Healthcare.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HCA Healthcare$76B$16B1.9x1.9x9.4x9.4x
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
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
Alcon$10B$2.6B3.4x3.3x13.4x12.5x
Fresenius$26B$4.2B1.6x1.6x10.1x9.4x
GE HealthCare$21B$3.7B1.8x1.8x10.1x10.0x

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Common questions about KYEE

When was KYEE founded?KYEE was founded in 2004.
Where is KYEE headquartered?KYEE is headquartered in Shanghai, China.
Is KYEE publicly listed?No, KYEE is a private, VC-backed company.
How much funding has KYEE raised?KYEE has raised $129M across 4 funding rounds.
What was KYEE's last funding round?KYEE's last funding round was a $64M Series D in September 2020, led by Tencent.
Who are KYEE's investors?KYEE's investors include Sensegain Asset Management, Softbank China & India Holdings, SoftBank Group, Tencent, Highlight Capital, Dyee Capital, SBCVC, Longmen Capital, Jiaxing Guangrun Guquan Touzi Jijin Guanli Youxian Gongsi, Royal Sea Capital and 1 other.
Which companies are comparable to KYEE?Companies comparable to KYEE include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, Commure and Doctolib.
How many companies has KYEE invested in?KYEE has invested in 2 companies, including Xiao Qu Hao Hushi and iinda.
What was KYEE's last investment?In April 2018, KYEE invested in Xiao Qu Hao Hushi's $3M Series B.

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