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Genesis Medtech Group Raises Significa (JCN プレスリリース)

SINGAPORE, May 25, 2021 - ( JCN Newswire ) - Genesis MedTech Group ( Genesis ), a leading medical device company, today announced it has completed its Series B round, raising significant growth financing. General Atlantic, a leading global growth equity firm, led the funding with participation from CITIC Capital and others. The majority of shareholders from Series A followed up with additional investments. Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, will join the Genesis Board of Directors. The funds will be used to drive the research and development of new products and the commercialization of existing products, as well as enable business expansion in emerging markets around the world. This acceleration in Genesis model is expected to enable patients and healthcare practitioners in emerging markets to access innovative medtech products that can address unmet needs faced day-to-day Genesis mission since its inception in 2019.

Genesis Medtech Group Raises Significant Growth Investment in Latest Round of Series B Financing

Genesis Medtech Group Raises Significant Growth Investment in Latest Round of Series B Financing
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Genesis MedTech Group Raises Latest Round of Series B Financing

Genesis MedTech Group Raises Latest Round of Series B Financing Genesis MedTech Group, a Singapore-based medical device company, completed a Series B growth financing of undisclosed amount. The round was led by General Atlantic with participation from CITIC Capital and the majority of shareholders from Series A. In conjunction with the funding, Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, will join the Genesis Board of Directors. The company intends to use the funds to drive the research and development of new products and the commercialization of existing products, as well as enable business expansion in emerging markets around the world.

Genesis MedTech brings its articulating laparoscopic devices to China, Singapore

Credit: Genesis MedTech Genesis MedTech, a medical device company, is working to get its articulating laparoscopic devices to China and Singapore. It recently signed a strategic distribution deal with Korean medical device firm LivsMed to market its ArtiSential instruments, which were first brought to South Korea in 2018. WHAT IT S FOR The ArtiSential series of articulating laparoscopic instruments provide users with fully articulating, wristed motion during laparoscopic surgery. What makes the device different from conventional laparoscopic instruments is its ergonomic design, having a double joint structure which allows 360 multi-degree motion. It serves as an extension of the surgeon s arm into a surgical site, intuitively mimicking the movement of the user s hand, wrist and fingers.

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