HONG KONG and SHANGHAI, Might 28, 2020 /PRNewswire/ — Ping An Insurance coverage (Group) Firm of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) is delighted to announce that its fintech and healthtech funding arm Ping An International Voyager Fund has invested in digital dentistry platform PlusDental in its sequence C funding of EUR32 million. This funding goals to spice up innovation of digital dentistry in Europe.
Extra current traders in PlusDental embrace HV Holtzbrinck Ventures and Lakestar.
PlusDental is a Berlin-based health-tech firm focuses on digital dentistry and aesthetic orthodontic therapies with clear aligners. PlusDental achieves first-class medical remedy outcomes by means of direct cooperation with wonderful native dentists. All the remedy course of is totally digitalized, from appointment to 3D remedy plan, from follow-up checks to billing. Greater than 70 extremely certified dentists in non-public observe throughout Germany, Austria, Switzerland, Nice Britain and Spain are already utilizing the Digital Dentistry Platform. The medical know-how used is developed in PlusDental’s personal dental laboratory in Berlin, managed by a number of grasp dental technicians to the best requirements.
With the funding, PlusDental will additional develop the proprietary digital dentistry platform and proceed German and European enterprise enlargement.
Ping An, one of many largest monetary providers firms on the planet, is striving to develop into the world main know-how powered retail monetary providers group. It has utilized its superior applied sciences to assist the event of its 5 ecosystems, particularly monetary providers, well being care, auto providers, actual property providers, and good metropolis providers. The Ping An International Voyager Fund was launched with a mandate to spend money on fintech and healthtech companies to speed up Ping An’s know-how transformation.
Dr. Marco Huesch, Chief Medical Officer of Ping An International Voyager Fund says, “We’re very happy to guide PlusDental’s Sequence C financing spherical. We’re extremely impressed by the way in which PlusDental combines its medical excellence with a excessive diploma of digitalization, thus making a worthwhile contribution to innovation and entry to trendy dentistry.”
Dr. Peter Baumgart, Co-founder and Managing Director of PlusDental emphasizes, “We now have got down to take Germany’s world main dentistry to a digital degree and to make it the go to, cutting-edge know-how. We maintain the idea that medical accountability belongs within the fingers of specialised and professionally educated registered dentists. Subsequently, we’re proud to have the ability to present the digital infrastructure right here and consider that each dentists and sufferers will profit from digital dentistry. The present pandemic underlines the significance of digitalization, particularly within the subject of dentistry. Sufferers admire the transparency and effectivity we’re providing by means of steady digitalization and know-how growth. That is notably worthwhile in transparency of remedy outcomes and price, mixed with the uncompromised high quality of our unbiased dentist community. On this approach, we’re additionally opening up new teams of sufferers for our accomplice dentists.”
About Ping An Group
Ping An Insurance coverage (Group) Firm of China, Ltd. (“Ping An“) is a world-leading technology-powered retail monetary providers group. With over 204 million retail clients and 534 million Web customers, Ping An is without doubt one of the largest monetary providers firms on the planet.
Ping An has two over-arching methods, “pan monetary belongings” and “pan well being care”, which give attention to the supply of economic and healthcare providers by means of our built-in monetary providers platform and our 5 ecosystems of economic providers, well being care, auto providers, actual property providers and good metropolis providers. Our “finance + know-how” and “finance + ecosystem” methods goal to offer clients and web customers with progressive and easy services utilizing know-how. As China’s first joint stock insurance coverage firm, Ping An Group is dedicated to upholding the best requirements of company reporting and company governance. The Firm is listed on the stock exchanges in Hong Kong and Shanghai.
In 2020, Ping An ranked seventh within the Forbes International 2000 listing. In 2019, Ping An ranked 29th on the Fortune International 500 listing. Ping An additionally ranked 40th within the 2019 WPP Millward Brown BrandZTM Prime 100 Most Precious International Manufacturers listing. For extra data, please go to www.pingan.cn.
About Ping An International Voyager Fund
Established in 2017 by Ping An, the Ping An International Voyager Fund is a Hong Kong-based investor in progress stage fintech and healthtech firms. The fund usually invests between US$15 million and US$50 million in non-control positions in firms the place an affiliation with Ping An is prone to create important value over time. The Fund has invested roughly US$300 million throughout Europe, Asia and North America.
PlusDental is a Berlin primarily based, main health-tech firm, specializing within the digitalization of dental therapies as a digital dentistry platform. The corporate has developed a digital platform for aesthetic orthodontic corrections and has already handled many 1000’s of sufferers along with its sturdy community of greater than 70 native accomplice dentists. PlusDental gives its digital dentistry platform for affected person acquisition and remedy monitoring, in addition to trainings and laboratory merchandise to registered accomplice dentists in 5 European international locations: Germany, Austria, Switzerland, Nice Britain and Spain. PlusDental is a number one model for medically wonderful however inexpensive aesthetic dental corrections, it’s PlusDental’s mission to offer entry to high-quality and progressive dentistry for most people. The corporate manufactures its merchandise in its personal laboratory in Germany, to the best medical and moral requirements and has since basis been a dedicated sponsor of the Deutsche Cleft Kinderhilfe e.V. For the reason that outbreak of the COVID-19 pandemic, the corporate has transformed its 3D printer fleet to provide medical protecting gear and has already produced greater than 7,000 visors, distributed freed from cost to medical establishments.
SOURCE Ping An Insurance coverage Group Ltd.