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- Tongxin Medical Equipment
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$145M (Jun 2019)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2019 | Strategic 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | Beijing 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 2022 | Series D | HSG (lead); Lake Bleu Capital; Jiantou Huawen Investment; Leader Capital Corporation; CICC; Honghui Capital; Jingming Capital; PICC Capital Investment Management | $100M | - | - |
| Jun 2019 | Strategic investment | Bluesail 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jul 2025 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jul 2025 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 14 Tongxin Medical Equipment investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTongxin 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $149M | - | ||
| Private | - | - | $150M | - | ||
| Private | - | - | $140M | - | ||
| Publicly listed | - | ($4M) | $151M | - | ||
| Private | - | - | $152M | - | ||
| Publicly listed | $15M | ($7M) | $136M | 6.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $69M | $17M | 1.9x | 1.8x | 7.8x | 7.3x | |||
| $139M | ($102M) | 0.6x | 0.6x | (0.9x) | (1.3x) | |||
| $28M | $9M | 4.7x | 4.1x | 14.4x | 24.3x | |||
| $5M | ($58M) | 29.9x | 24.0x | (2.4x) | (2.8x) | |||
| $32M | $3M | 4.1x | 3.3x | 45.3x | 22.1x | |||
| - | ($4M) | - | - | (38.3x) | - | |||
| $15M | ($7M) | 9.6x | 6.5x | (19.6x) | (48.1x) | |||
| $349M | ($7M) | 0.1x | 0.1x | (6.5x) | 12.9x | |||
This data is available for Pro users. Sign up to see all Tongxin Medical Equipment competitors and their valuation data. Start Free Trial | ||||||||
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. |
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