TikTok owner ByteDance and Fosun Health backed the mental health service provider’s $31m series C round.

China-based psychological healthcare provider Haoxinqing has raised $31m in series C funding led by internet technology company ByteDance and backed by healthcare group Fosun Health, DealStreetAsia reported on Tuesday.

6 Dimensions Capital, a biotech investment firm backed by pharmaceutical company WuXi Apptech, as well as Decheng Capital, Richen Capital, Korea Investment Capital and unnamed new investors also took part.

Founded in 2015, Haoxinqing operates an online platform to match patients with mental health needs to care providers using an algorithm,…

Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.