Scivita Medical bags CN¥400m in Series B funding round

Scivita Medical is a Hong Kong-based maker of endoscopy products.

Hong Kong-based maker of endoscopy products Scivita Medical Technology Co., Ltd has raised CN¥400m ($61.87m) in a Series B funding round.

The round saw participation from new investors such as Hudson Bay Capital Management and Prime Capital, as well as continuous support from existing shareholders such as GL Ventures, Lilly Asia Ventures, and Matrix Partners China.

According to Scivita Medical, the funds will be used for research and development, capacity expansion, and domestic and international commercialization of innovative products in endoscopy and related fields.

Scivita Medical has a comprehensive product line covering both rigid and flexible endoscopes, reusable endoscopes, single-use endoscopes, white light endoscopes, fluorescent endoscopes, and more. Currently, Scivita Medical's commercialized products include 3D Visualization System, 4K UHD Camera System, 4K-3D Camera System, 4K Sinoscope, 4K Arthroscope, Single-use Hystero Videoscope, Single-use Urology Videoscope, Single-use Broncho Videoscope, etc. 

In the future, Scivita Medical plans to launch new products whilst promoting the simultaneous certification of related products in China, the United States, Japan, Europe, and other countries and regions, and continue to promote the products to the global market.