Premium Chinese Maternal Health and Infant Care Brand Closes Third Series C Round with Support from C Capital, Swire Properties New Ventures, Pegasus Capital, Mirae Asset and River Delta
On 4 August 2023, SAINTBELLA and its parent company, PrimeCare International (‘PrimeCare’) announced that it has completed its third round of Series C fundraising with participation from C Capital, Swire Properties New Ventures, Pegasus Capital, Mirae Asset and River Delta. In total, SAINT BELLA has raised close to USD100Million over three rounds of Series C fund-raising.
Founded in 2017, PrimeCare is a leading Chinese company focused on maternal and infant products. Through its premium services, PrimeCare has been recognized as a leading luxury brand in the family care industry. PrimeCare started with its luxury maternal and infant care brand, SAINT BELLA, and its entry-level brand Baby BELLA, these brands have grown to include nearly 50 stores across China and hold leading market shares in multiple Tier 1 cities. PrimeCare also operates profitable cross-regional maternity centers in collaboration with global luxury hotels that offer the ultimate experience for their high-net-worth customers. This has resulted in exponential growth for the company and enabled PrimeCare to pioneer a new high-end lifestyle solution for modern women’s health.
River Delta believes that China's maternal and infant industry has entered a mature development phase, presenting diversified and refined consumer demand characteristics. PrimeCare, with its technology-driven innovative maternal and infant services, would exactly meet the diverse needs of the new generation of customers. At the same time, leveraging its superior expertise in early-stage care training, PrimeCare has a unique advantage in industry-wide expansion. During this transformative period, PrimeCare, with its profound industry expertise and technology-enabled operational capability, is bound to generate new value in the maternal and infant market, leading the industry's continuous development.
News sources: https://www.eqs-news.com/news/corporate/saint-bella-raises-nearly-usd100m-in-third-round-of-series-c-funding/1872891
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