China's Arrail Group raises USD90 mn in D round investment

 04-Sep-17, Global Times

Arrail Group announced Tuesday that it has raised USD90 mn in its series D round from Goldman Sachs and Hill House Capital. It also officially launched its "1,000 clinics" project.

Image: 2017 Qujing Ironman 70.3

Back in 1999, when the high-end dental service market was still in its infancy, Robert Zou quit his job at an investment bank in Hong Kong and founded the first Arrail dental clinic in Beijing. Rapid economic growth, increasing demand for oral healthcare and policies supporting the medical market made it a golden period.

Arrail's positioning attracted several investors. In 2010, Kleiner Perkins Caufield & Byers (KPCB) and Qiming Venture Partners became the first two venture capitalists to invest. In 2011, GL Capital Group became the third venture capitalist to invest in Arrail.

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