Hochuen Medical Raises Tens Of Millions Rmb In Series A Financing
07/12/21, 5:08 PM
Location
Round Type
series a
Hochuen Medical Technology Co., Ltd. (hereinafter referred to as "Hochuen Medical") has raised a 40 million Yuan (RMB) Series A round of financing led by Qiming Venture Partners as the sole investor. The new proceeds will be used to (1) accelerate the company's CDMO (contract development and manufacturing organization) expansion in both international and domestic markets; (2) develop new manufacturing processes and technologies; and (3) further expand production capacity.
Company Info
Location
shenzhen, guangdong province, china
Additional Info
Hochuen Medical was founded in 2015 by Dr. Robin Liu, an entrepreneur in IVD medical and microfluidics fields, and Eric Zeng, an expert in the electronics OEM industry. The founding management team has an average of more than 20 years of management experience in manufacturing of microfluidic devices, medical disposables, and consumer electronic products. Dr. Robin Liu, co-founder and president of Hochuen Medical, has more than 20 years of experience in the IVD and microfluidic industry, with experience at Motorola, CombiMatrix, GenMark, Beckman Coulter/Danaher, etc. Dr. Liu brings both experience in R&D and production management in the fields of molecular diagnosis, immunoassays, hematology, urinalysis, etc. His research results have been published in top peer-reviewed journals, including "Nature" and "PNAS". Eric Zeng, co-founder, chairman and CEO of Hochuen Medical, has nearly two decades experience in OEM manufacturing of consumer electronic products for Apple, Google, Samsung, etc. The company has a scientific advisory panel of top international experts in the microfluidic field, including Professor David Beebe from University of Wisconsin at Madison and Professor Abe Lee from University of California at Irvine.
The company has four manufacturing sites in China and Malaysia, with tens of thousands of square meters of manufacturing facilities (including clean rooms and GMP rooms), and sales offices in the United States and Singapore.