ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese surgical robot startup raises funds

Jointech machine precisely positions artificial joints, speeding recovery

BEIJING -- Chinese medical robot developer Jointech (Jianjia Robots) recently raised more than 100 million yuan ($14.72 million) of funds in a Series B round, it was reported. A large Chinese investment fund, Hillhouse Capital, major Chinese drug company Fosun Pharmaceutical and the startup's existing shareholder, Baidu Ventures, took part in joint investment in the financing round.

HaoYue Capital served as a financial adviser to the deal, as it did early this year for Jointech's Series A round, in which the startup raised tens of millions of yuan. The company will use the new funds in the clinical registration of its joint replacement surgical robots as well as in the research and development of new products, according to the report.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more