/Precision medicine – a new medical trend? EZlife Bio secures USD 7 M in Series A, & more

Precision medicine – a new medical trend? EZlife Bio secures USD 7 M in Series A, & more

Diagnostic company EZlife Bio receives USD 7 M in Series A round

EZlife Bio

Founder: Wei Liao

Founded in: 2015

Financing status: RMB 50 million (USD 7 million) Series A financing in 2017

EZlife Bio is a diagnostic company specializing in noninvasive precision tumor gene detection based on an apparatus called EFIRM, which was independently developed by the company. In the past, it was hard to diagnose a tumor based on tumor tissue samples. EFIRM, the world’s first apparatus which does not need a tumor tissue sample for tumor diagnosis, uses venous blood sample from patients for gene analysis. This is a much more convenient measurement with high accuracy.

This Series A financing round was led by Sangel Capital. EZlife Bio has now seeked collaboration with more than 10 hospitals, and the fund will be used to expand its business cooperation with more hospitals and laboratories all over the world, increase research investment, and gene diagnostic development.

Power bank rental startup Xiaobanchongdian receives USD 2 M in angel round

photos from Baidu image.
photos from Baidu image.

Xiaobanchongdian

Founder: Li Yimin

Founded in: 2017

Financing status: RMB 15 million (USD 2 million) angel round in 2017

Xiaobanchongdian is a power bank rental startup that aims to replace the traditional way of purchasing a power bank. The Shanghai startup was founded this year, and has so far deployed more than 2,000 power bank rental terminals in Shanghai. Its power banks can be mainly found in shopping malls, restaurants, and supermarkets. In addition, Xiaobanchongdian requires a RMB 99 deposit before users are allowed to rent power banks. Users can take power banks away via QR code scanning on the terminals to place orders for power bank rentals, and return it to other terminals.

Xiaobanchongdian received this angel financing round from The Leading Win Fund, and it will use the funds for recruitment and manufacturing more power banks.

(Top photo from 58pic.com)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.