Tongxin Medical Equipment Valuation, Funding & Investors

Tongxin Medical Equipment is valued at $145M as of June 2019.

Last Tongxin Medical Equipment valuation

$145M

Strategic investment · Jun 2019

Last Tongxin Medical Equipment funding round

$100M

Undisclosed stage · Jul 2025

Cumulative funding Tongxin Medical Equipment raised

$215M

across 3 funding rounds

Key investors in Tongxin Medical Equipment

  • HSG
  • Gaorong Capital
  • China Growth Capital
  • CICC
  • Neovision Capital
  • PICC Capital Investment Management

Tongxin Medical Equipment Overview

About Tongxin Medical Equipment

Tongxin Medical Equipment is a Chinese medical device developer creating magnetically suspended artificial blood pumps designed to function as heart replacements. The products advance through clinical trials following expedited approval by the National Medical Products Administration.


Founded

2008

HQ

ChinaSuzhou

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$145M (Jun 2019)

Tongxin Medical Equipment Valuation

Tongxin Medical Equipment is currently valued at $145M, based on its strategic investment round in June 2019.

The $15M round was led by Bluesail Medical.

Tongxin Medical Equipment valuation by funding round

Tongxin Medical Equipment valuation by funding round
DateStageValuation
Jun 2019Strategic investment$145M

Tongxin Medical Equipment Funding History

Tongxin Medical Equipment has raised a total of $215M across 3 funding rounds.

Tongxin Medical Equipment's first fundraising round was a $15M strategic investment round in June 2019. The most recent completed round was a $100M undisclosed-stage round in July 2025.

Tongxin Medical Equipment funding rounds

Tongxin Medical Equipment funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2025Undisclosed stageBeijing Mentougou Zhuxin Fund (lead); Gaorong Capital (lead); Neovision Capital (lead); China Growth Capital; Beijing Gaojingjian Fund; HSG$100M-Suzhou Tongxin Medical Equipment is a Chinese medical device company that develops left ventricular assist devices (LVADs) with proprietary magnetic levitation technology. The company was founded in 2008 and is headquartered in Suzhou. Their flagship product, the CH-VAD, was approved by China's NMPA (National Medical Products Administration) in November 2021, representing a significant milestone as one of the first Chinese-developed magnetically-levitated LVADs. In July 2025, Tongxin Medical completed a strategic financing round of over $100 million, with investors including Beijing Gaojingjian Fund, Beijing Mentougou Zhuxin Fund, China Growth Capital, Gaorong Capital, HSG, and Neovision Capital, with Beijing Mentougou Zhuxin Fund, Gaorong Capital, and Neovision Capital serving as lead investors. The company has demonstrated regulatory success in China's competitive AI-based medical device landscape, with three approved artificial intelligence-based medical devices as of June 2025, making it one of multiple manufacturers with approved AI medical devices in the country.
Jan 2022Series DHSG (lead); Lake Bleu Capital; Jiantou Huawen Investment; Leader Capital Corporation; CICC; Honghui Capital; Jingming Capital; PICC Capital Investment Management$100M--
Jun 2019Strategic investmentBluesail Medical (lead)$15M$145M-

Who has invested in Tongxin Medical Equipment?

14 investors have backed Tongxin Medical Equipment across its funding rounds, including HSG, Gaorong Capital, China Growth Capital, CICC, Neovision Capital and PICC Capital Investment Management.

Lead investors include Beijing Mentougou Zhuxin Fund, Gaorong Capital, Neovision Capital, HSG and Bluesail Medical.


Tongxin Medical Equipment Investors

Investors in Tongxin Medical Equipment by funding rounds participated
InvestorHQRoundsRoleFirst check
HSGHong KongHong Kong2LeadJan 2022
Lake Bleu CapitalHong KongHong Kong1ParticipantJan 2022
Gaorong CapitalChinaBeijing1LeadJul 2025
Jiantou Huawen InvestmentChinaBeijing1ParticipantJan 2022
Leader Capital CorporationUnited StatesUnited States1ParticipantJan 2022
Neovision CapitalChinaShanghai1LeadJul 2025
CICCChinaBeijing1ParticipantJan 2022
Bluesail MedicalChinaZibo1LeadJun 2019
China Growth CapitalChinaBeijing1ParticipantJul 2025
Honghui CapitalChinaShanghai1ParticipantJan 2022
Jingming CapitalChinaQingdao1ParticipantJan 2022
Beijing Mentougou Zhuxin FundChinaBeijing1LeadJul 2025

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Tongxin Medical Equipment Competitors

Tongxin Medical Equipment competitors include listed companies like Conexeu Sciences and Graphy, and private ones like Gameto, MedShift, Simplivia Healthcare and Tingsheng Technology.

Public and private companies comparable to Tongxin Medical Equipment
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GametoUnited StatesNew York City, NYPrivate--$149M-
MedShiftUnited StatesCharlotte, NCPrivate--$150M-
Simplivia HealthcareIsraelIsraelPrivate--$140M-
Conexeu SciencesUnited StatesUnited StatesPublicly listed-($4M)$151M-
Tingsheng TechnologyChinaNanjingPrivate--$152M-
GraphySouth KoreaSouth KoreaPublicly listed$15M($7M)$136M6.5x

Tongxin Medical Equipment Public Comps

Tongxin Medical Equipment is still privately-owned, but its public comps include EKF Diagnostics, Quanterix, Asterasys, Lucid Diagnostics, Paxman, Conexeu Sciences, Graphy, Inogen, BICO Group and Owlet.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EKF Diagnostics$69M$17M1.9x1.8x7.8x7.3x
Quanterix$139M($102M)0.6x0.6x(0.9x)(1.3x)
Asterasys$28M$9M4.7x4.1x14.4x24.3x
Lucid Diagnostics$5M($58M)29.9x24.0x(2.4x)(2.8x)
Paxman$32M$3M4.1x3.3x45.3x22.1x
Conexeu Sciences-($4M)--(38.3x)-
Graphy$15M($7M)9.6x6.5x(19.6x)(48.1x)
Inogen$349M($7M)0.1x0.1x(6.5x)12.9x

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Common questions about Tongxin Medical Equipment

When was Tongxin Medical Equipment founded?Tongxin Medical Equipment was founded in 2008.
Where is Tongxin Medical Equipment headquartered?Tongxin Medical Equipment is headquartered in Suzhou, China.
Is Tongxin Medical Equipment publicly listed?No, Tongxin Medical Equipment is a private, VC-backed company.
What is Tongxin Medical Equipment's valuation?Tongxin Medical Equipment was last valued at $145M in its strategic investment round in June 2019.
How much funding has Tongxin Medical Equipment raised?Tongxin Medical Equipment has raised $215M across 3 funding rounds.
What was Tongxin Medical Equipment's last funding round?Tongxin Medical Equipment's last funding round was a $100M undisclosed-stage round in July 2025, led by Beijing Mentougou Zhuxin Fund, Gaorong Capital and Neovision Capital.
Who are Tongxin Medical Equipment's investors?Tongxin Medical Equipment's investors include HSG, Lake Bleu Capital, Gaorong Capital, Jiantou Huawen Investment, Leader Capital Corporation, Neovision Capital, CICC, Bluesail Medical, China Growth Capital, Honghui Capital and 4 others.
Which companies are comparable to Tongxin Medical Equipment?Companies comparable to Tongxin Medical Equipment include Gameto, MedShift, Simplivia Healthcare, Conexeu Sciences, Tingsheng Technology and Graphy.

See companies similar to Tongxin Medical Equipment

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