Leapstack, a Shanghai, China-based insurtech company specializing in digital solutions for medical insurance, secured nearly 200 million RMB yuan in Series C+ funding.
SaaS Investors
The round was led by Qiming Venture Partners, with participation from Soochow Yihe Capital and existing shareholder Legend Capital.
Founded in 2006, Qiming Venture Partners is a venture capital firm headquartered in Shanghai, China with additional offices in Beijing, Suzhou, Hong Kong, Seattle, Boston, and the San Francisco Bay Area. The firm prefers to invest in companies operating in technology, media and entertainment, telecommunications, and healthcare.
Leapstack Use of Funds
The company plans to use the funds to accelerate growth, enhance its cloud phone system, and expand its presence in Europe and Southeast Asia. It also plans to establish a branch in Dubai in 2024 as part of its international expansion.
About Leapstack
Founded in 2016, Leapstack is a technology company focusing on artificial intelligence technology innovation in Asia, committed to providing efficient intelligent risk control solutions for the insurance industry. They serve insurance companies, medical insurance bureaus, and other regulatory partners and provide comprehensive health insurance operation and risk control systems solutions. The company has two headquarters in Beijing and Shanghai and branches in Nanjing, Hangzhou, Suzhou, Chengdu, Qingdao, Xi'an, Guangzhou, Shenzhen, Changsha, Fuzhou, Chongqing and other places.
Funding Details
Company: Leapstack Data Technology Co., Ltd.
Raised: ¥200.0M
Round: Series C+
Funding Month: January 2024
Lead Investors: Qiming Venture Partners
Additional Investors: Soochow Yihe Capital, Legend Capital
Company Website: https://www.leapstack.tech/
Software Category: Health Insurance Risk Control
Source: https://www.prnewswire.com/news-releases/leapstack-has-raised-nearly-200-million-rmb-in-series-c-funding-building-a-diversified-technological-value-chain-for-health-insurance-302038480.html