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SPH Health Commerce

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An online pharmacy and hospital in China

Xuhui District, ChinaFounded 2015Health Tech & Medtech
Valuation $500M–1B Latest valuation · 2023
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About SPH Health Commerce

SPH Health Commerce, officially known as Shanghai医药大健康云商股份有限公司, was established in Shanghai in March 2015 as an "Internet+" pharmaceutical commercial technology platform incubated and supported by Shanghai Pharmaceuticals Holding Co., Ltd. The company was founded through a mixed-ownership model involving Shanghai Pharmaceuticals and its management team. A significant milestone was achieved in August 2015 with the completion of its A-round financing, raising over 1.112 billion RMB and bringing in strategic investors like JD.com and IDG Capital. Subsequent financing includes a Series B round in 2021, which raised over 1.033 billion RMB, introduced biopharmaceutical industry funds, and set the stage for a future IPO.

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The firm operates as a prescription drug O2O (online-to-offline) e-commerce company, focusing on a patient-centered model. Its business is structured around the "Yiyao" (益药) integrated brand, which provides services for the entire life cycle of innovative drugs and "Internet+" services for common and chronic disease medications. The business model is centered on the flow of electronic prescriptions, connecting patients with a network of professional pharmacies. It serves a diverse client base that includes pharmaceutical companies, hospitals, patients, and government and medical institutions by providing digital marketing, patient services, and innovative payment solutions. Revenue is generated through these comprehensive commercialization solutions, covering the spectrum from clinical R&D to the post-launch market.

The company's core service is a platform that integrates online solutions with offline retail resources. This platform is built on three pillars: "electronic prescriptions," "drug data," and "patient data." A key feature is the "Yiyao · Pharmacy" network, which includes over 200 professional pharmacies across 66 cities in China. This network facilitates Direct-to-Patient (DTP) services for new and specialty drugs. Through its "Yiyao · Cloud Pharmacy," the company handles the verification, dispensing, and delivery of prescriptions from its electronic platform. SPH Health Commerce offers comprehensive commercialization solutions for pharmaceutical companies, from clinical trial support to market access and digital marketing, and provides patients with services such as medication counseling, cold chain logistics, and access to patient assistance programs.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Xuhui District, China
Employees
8
Open positions
None listed
Dealroom signal
38.7/100
Industry
Health
Sub-industry
Health Platform
Sector
Health Tech & Medtech, Pharmacy, Direct-to-Consumer, Tech for Patients, Hard Tech
Client focus
b2b, b2c

Latest news

Press, funding announcements and product moves mentioning SPH Health Commerce.

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Oct 2023 $68M $799M SHC Shanghai Biomedical Fund · Industrial and Commercial Bank of China · Chinese Reform Holdings Corporation
SERIES BOther financing Feb 2021 $160M $639M Shanghai Biomedical Industrial Equity Investment Fund · New Alliance Capital · Sinocare · Shanghai International Group
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Growth signals

SPH Health Commerce website traffic

Latest recorded traffic for SPH Health Commerce is 810 monthly website visits, up 252.2% over the last three months. SPH Health Commerce's team grew 14.3% over the past year.

Latest monthly visits810 3-month web change+252.2% 1-year team growth+14.3%
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Closest operating peers by Dealroom taxonomy

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Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A11 investors entered at this stage

  • IDG Capital
  • SB China Capital
  • JD.com
  • Shanghai Charity Foundation
  • JIC Investment
  • Shanghai Biomedical Industrial Equity Investment Fund
  • New Alliance Capital
  • Sinocare
  • Shanghai International Group
  • Ample Harvest Finance
  • Huadong Industrial Co

Series B and later3 investors entered at this stage

  • SHC Shanghai Biomedical Fund
  • Industrial and Commercial Bank of China
  • Chinese Reform Holdings Corporation
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about SPH Health Commerce on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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