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[:en]We have been working intensively with DAS Capital to identify, select and approach potential financial/strategic investors for our breakthrough technology. We are deeply impressed by the team¡¯s professionalism, and we believe DAS Capital will become a national-leading Financial advisor in the industry.
¡ª¡ªYun Chen, Managing Director at DCARER
@DAS Capital¡¯s client, @DCARER recently finished its RMB 100 million Series C funding round. The investors are composed of @SAIC Hengxu Capital, a fund of funds under SAIC Motor Corporation Limited (SHA: 600104), and current shareholder, Hyfinity Investments. The funds raised will be used to develop current product pipelines, explore new customers, and expand the research and sales team.
Founded in 2010, DCARER is a high-tech medical device company focusing on the R&D and industrialization of surgical navigation robots. At this stage, DCARER¡¯s core products are mainly used during oral implant surgery. The company will further extend its product pipelines to application scenarios in other departments including cosmetology, orthopedics, etc.
China¡¯s oral industry still faces a lot of shortcomings on the supply side, which affects the standardization of the diagnosis/treatment process and surgery¡¯s safety and effectiveness. The demand for improving surgery efficiency from public and private hospitals generates large unmet needs of digitalization. As a result, the computer-aided navigation technology will be widely used to support the operation, especially in the dental implant segment. While the patients benefit from minimal invasiveness and safe surgeries, dentists improve their efficiency and could achieve full coverage of indications to tailor services with the help from the latest technology, the dynamic visual navigation system.
DCARER has established a professional execution team with an average experience of more than 15 years. The company’s competitive product?YiZhiMei (¡°Ò×Ö²ÃÀ¡±), currently the only NMPA approved domestic real-time navigation system (level 3) for dental implant surgery, has already established reputation in the high-end market. DECARER has long-term cooperative relationships with top dental hospitals, such as PKU Hospital of Stomatology(¡°±±¾©´óѧ¿ÚǻҽԺ¡±), and West China Hospital of Stomatology Sichuan University(¡°ËÄ´¨´óѧ»ªÎ÷¿ÚǻҽԺ¡±). YiZhiMei has achieved high growth in sales for many years since its launch.
Up to now, DCARER has applied for more than 40 invention patents. Strategically the company will further consolidate its leading position in the oral industry through its surgical teaching system and orthodontic robots; on the other hand, it aims to build a comprehensive product layout in multiple departments to benefit from cost synergies.
Yun Chen, Chairman of DCARER, said: ¡®We appreciate Hengxu Capital and Hyfinity Investments for their strong support in this round of financing. DCARER is dedicated to providing convenient and minimally invasive surgery options for Chinese patients. Our dental surgical navigation system has reached the leading level worldwide with highly accurate customized services. In the future, we will continuously upgrade our dental robots, and we are committed to becoming a comprehensive surgical platform.¡¯
Yongtao Lu, Chairman at SAIC Hengxu Capital, said: ¡®China’s dental implant market has developed rapidly in recent years, with the demand being further accelerated under the impact of growing aging population. Right now, the competition is concentrated on digital healthcare. As an industry pioneer, DCARER has established its wide moat and makes it hard for competitors to catch up. We think that robots will be the key driver for future market development and we strongly believe that DCARER will become a global leading company in this industry.¡¯
Dr. Xin He, Managing Partner of Hyfinity Investments, said: ¡®The surgical navigation system improves surgery accuracy and reduces doctor¡¯s learning curve. At the same time, it makes the operation more minimally invasive, the intraoperative feedback more real-time and the postoperative rehabilitation process more quickly. DCARER products are suitable during dental implant surgery, thus increases dentist¡¯s willingness and proficiency. This is the second time that we choose to co-operate with DCARER. We are optimistic about the company¡¯s continuous commercialization capabilities. We look forward to witnessing more and more dental patients benefiting from the company¡¯s products.¡¯