Miao Funding, Investors & Competitors

Miao has raised $126M across 3 funding rounds, most recently a $74M Series C in April 2019.

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Last Miao funding round

$74M

Series C · Apr 2019

Cumulative funding Miao raised

$126M

across 3 funding rounds

Key investors in Miao

Miao Overview

About Miao

Miao is a Chinese health technology startup incubated by SanPower Group, providing online consultations with top physicians for critical illnesses like cancer and heart disease. Based in Shanghai, its platform delivers second opinions and treatment plans through a digital interface, expanding access to specialized care across China.


Founded

2015

HQ

ChinaBeijing

Website

miao.cn

Status

Privately held

Customer focus

B2C

Revenue model

Services

Miao Funding History

Miao has raised a total of $126M across 3 funding rounds.

Miao's first fundraising round was a $15M Series A in April 2016. The most recent completed round was a $74M Series C in April 2019.

Miao funding rounds

Miao funding rounds
DateStageInvestorsRaised
Apr 2019Series CXiran Capital; China Pacific Insurance$74M
Apr 2017Series BCITIC Capital Holdings (lead)$36M
Apr 2016Series ARiverHead Capital (lead)$15M

Who has invested in Miao?

4 investors have backed Miao across its funding rounds, including CITIC Capital Holdings, RiverHead Capital, China Pacific Insurance and Xiran Capital.

Lead investors include CITIC Capital Holdings and RiverHead Capital.


Miao Investors

Investors in Miao by funding rounds participated
InvestorHQRoundsRoleFirst check
RiverHead CapitalChinaChaoyang1LeadApr 2016
Xiran CapitalChinaChina1ParticipantApr 2019

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Miao Competitors

Miao competitors include listed companies like Max Healthcare Institute and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor, Ro and WeDoctor.

Public and private companies comparable to Miao
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Devoted HealthUnited StatesBoston, MAPrivate$3.3B-$13B4.0x
Max Healthcare InstituteIndiaIndiaPublicly listed$858M$232M$10B10.2x
Oscar HealthUnited StatesUnited StatesPublicly listed$12B($391M)$9.9B0.4x
Ping An Good DoctorChinaShenzhenPrivate$271M-$8.8B32.5x
RoUnited StatesNew York City, NYPrivate$598M-$7B11.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x

Miao Public Comps

Miao is still privately-owned, but its public comps include Max Healthcare Institute, Oscar Health, Hims, Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster and Medley Inc..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Max Healthcare Institute$858M$232M12.6x10.2x46.5x36.8x
Oscar Health$12B($391M)0.5x0.4x(15.9x)12.8x
Hims$2.3B$178M3.1x2.4x40.4x23.9x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
JMDC$324M$88M5.0x4.6x18.4x17.9x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Talkspace$229M$6M3.4x3.4x129.3x49.4x

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Common questions about Miao

When was Miao founded?Miao was founded in 2015.
Where is Miao headquartered?Miao is headquartered in Beijing, China.
Is Miao publicly listed?No, Miao is a private, VC-backed company.
How much funding has Miao raised?Miao has raised $126M across 3 funding rounds.
What was Miao's last funding round?Miao's last funding round was a $74M Series C in April 2019.
Who are Miao's investors?Miao's investors include RiverHead Capital, Xiran Capital, China Pacific Insurance and CITIC Capital Holdings.
Which companies are comparable to Miao?Companies comparable to Miao include Devoted Health, Max Healthcare Institute, Oscar Health, Ping An Good Doctor, Ro and WeDoctor.

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