About Microtech Medical
Microtech Medical is a company based in Hangzhou (China) founded in 2011.. Microtech Medical has raised $88.19 million across 3 funding rounds from investors including Tencent, Everbright and Qiming Venture Partners. The company has 678 employees as of December 31, 2024. Microtech Medical operates in a competitive market with competitors including Tandem Diabetes, Insulet, Valeritas, Kaleido and CeQur, among others.
- Headquarter Hangzhou, China
- Employees 678 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Microtech Medical (Hangzhou) Co., Ltd. Class H
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Annual Revenue
$47.74 M (USD)33.18as on Dec 31, 2024
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Net Profit
$-8.81 M (USD)50.46as on Dec 31, 2024
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EBITDA
$-19.3 M (USD)30.31as on Dec 31, 2024
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Total Equity Funding
$88.19 M (USD)
in 3 rounds
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Latest Funding Round
$88.19 M (USD), Series C
Dec 09, 2020
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Investors
Tencent
& 6 more
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Employee Count
678
as on Dec 31, 2024
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IPO & Listings of Microtech Medical
Microtech Medical is a publicly listed company on the HKEX with ticker symbol 2235 in Hong Kong, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Microtech Medical
Microtech Medical has successfully raised a total of $88.19M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $88.19 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $88.2M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - Microtech Medical | Valuation | Tencent , IDG Capital | |
| Dec, 2016 | Amount | Series B - Microtech Medical | Valuation |
investors |
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| Sep, 2016 | Amount | Series A - Microtech Medical | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Microtech Medical
Microtech Medical has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Everbright and Qiming Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Investment in health innovation and therapies is facilitated.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Microtech Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Microtech Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Microtech Medical Comparisons
Competitors of Microtech Medical
Microtech Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tandem Diabetes, Insulet, Valeritas, Kaleido and CeQur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of devices for continuous glucose monitoring and manual insulin delivery
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| domain | founded_year | HQ Location |
Wearable insulin infusion systems are developed for diabetes patients.
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| domain | founded_year | HQ Location |
Wearable insulin patch pumps are developed for transdermal delivery.
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| domain | founded_year | HQ Location |
Insulin pumps and monitoring software for diabetes are developed.
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| domain | founded_year | HQ Location |
Wearable insulin delivery patches are developed for mealtime dosing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Microtech Medical
Frequently Asked Questions about Microtech Medical
When was Microtech Medical founded?
Microtech Medical was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Microtech Medical located?
Microtech Medical is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Microtech Medical a funded company?
Microtech Medical is a funded company, having raised a total of $88.19M across 3 funding rounds to date.
How many employees does Microtech Medical have?
As of Dec 31, 2024, the latest employee count at Microtech Medical is 678.
What is the annual revenue of Microtech Medical?
Annual revenue of Microtech Medical is $47.74M as on Dec 31, 2024.
What does Microtech Medical do?
Microtech Medical was founded in 2011 in Hangzhou, China, focusing on the medical devices sector. Glucose meters, test strips, and a patch insulin pump have been developed for diabetes management. A mobile app is provided to users for monitoring blood glucose levels and insulin administration. Series B funding has been raised to support operations.
Who are the top competitors of Microtech Medical?
Microtech Medical's top competitors include Tandem Diabetes, Insulet and Kaleido.
Is Microtech Medical publicly traded?
Yes, Microtech Medical is publicly traded on HKEX under the ticker symbol 2235.
Who are Microtech Medical's investors?
Microtech Medical has 7 investors. Key investors include Tencent, Everbright, Qiming Venture Partners, IDG Capital, and 3H Health Investment.
What is Microtech Medical's ticker symbol?
The ticker symbol of Microtech Medical is 2235 on HKEX.