The CareVoice (康语), focused on improving healthcare and the insurance experience for people in China, announced today it has raised over $2 million in early growth capital. The investment will be used to fuel its insurance business lines, accelerate technology development, consolidate its leadership in China’s major cities and expand to Southeast Asia. The company would not disclose their total valuation.
China’s health-care sector spending is projected to grow from $357 billion in 2011 to $1 trillion in 2020, according to McKinsey’s article.
The funding round has been co-led by two China- and US-based VCs, Haitao Capital and SOSV, and involved local Chinese and Southeast Asian healthcare investors.