Stack Data Completes Nearly RMB 200 Million Series C+ Round, Doubling Down on Health Insurance Tech Services

Recently, Zhanlue Data, a leading insurance technology company, announced the completion of a nearly RMB 200 million Series C+ funding round. This round was led by Qiming Venture Partners, with Suzhou Yihe participating as a co-investor, and existing shareholder Legend Capital continuing to increase its stake. Since its founding in 2016, Zhanlue Data has completed multiple funding rounds. Gaorong Ventures invested in its angel round in 2016 and participated in subsequent rounds.

Zhanlue Data is a technology company focused on digital solutions for healthcare security, dedicated to providing comprehensive health insurance ecosystem digital solutions for government medical insurance departments, commercial insurance companies, medical/nursing institutions, pharmaceutical and medical device companies, and other enterprises.

Deeply Rooted in Health Insurance Technology Services, Directly Addressing Digital Transformation Pain Points

As China's urbanization continues to deepen, population aging accelerates, medical expenditure increases, and health insurance awareness grows, the rigid demand for health insurance continues to rise. In 2022, domestic health insurance premiums reached RMB 865.2 billion. In the digital transformation wave sweeping the insurance industry — particularly the health insurance track — the empowerment of artificial intelligence, big data, and other technologies is driving full value chain changes across products, pricing, distribution, operations, underwriting, and claims.

As one of the earliest technology companies to deeply cultivate health insurance digital transformation, Zhanlue Data centers its core business on cost control and digital services. On one hand, it independently develops intelligent review systems and, through building its own medical insurance fund supervision team, creates an integrated model combining online intelligent review with offline spot inspections, achieving the "last mile" of medical insurance cost control and effectively safeguarding people's "money for medical care" and "lifesaving funds." On the other hand, Zhanlue Data provides commercial insurance companies with a one-stop digital platform, leveraging its independently developed automated operations engine combined with big data risk analysis to create an efficiency-plus-cost-control closed loop, empowering the entire insurance claims process to reduce costs and increase efficiency.

In recent years, Zhanlue Data has actively participated in government-led medical insurance supervision projects, including national and provincial-level major medical insurance fund supervision projects, city-based inclusive health insurance programs in dozens of cities, and long-term care insurance operation services. To date, it has served medical insurance bureaus and related regulatory agencies across dozens of provinces and municipalities nationwide, enabling broader populations to access more convenient and equitable medical insurance services.

Providing Full-Process One-Stop Technology Services, Exploring Innovative Healthcare Payment Models

Through years of accumulated development, Zhanlue Data has pioneered a "digital health insurance risk control closed loop" model, effectively coordinating the digital integration of policy-based medical insurance and commercial health insurance. This connects actuarial, product design, underwriting, claims, customer service, and other operational links, achieving joint dynamic risk control throughout the entire product lifecycle, and providing digital empowerment for innovative product design, rationalized pricing, and refined operations.

To date, Zhanlue Data has comprehensively built a series of data products including a medical insurance big data risk control system, long-term care insurance intelligent management system, critical illness insurance intelligent service system, commercial health insurance intelligent claims system, and health insurance chronic disease management system.

While using technology to empower government medical insurance and digital services in the commercial insurance sector, Zhanlue Data is gradually expanding into broader healthcare domains. Through the integration of enterprise, medical, and pharmaceutical scenarios and connections to quality medical resources, it enables effective delivery of quality healthcare services and innovative treatment solutions, using innovative payment methods to support upgrades in healthcare service quality and efficiency and more comprehensive health protection.

Efficient Operations Collaboration, Exploring Overseas Business

In September, Zhanlue Data officially relocated its headquarters to the West Bund riverside district in Xuhui District, Shanghai. With improving operational efficiency as its goal, the company has also established centralized operations centers in Xi'an and Hefei, radiating to key regions nationwide and building a centralized, standardized, and high-efficiency operations model.

At the same time, as a pioneering Chinese insurance technology company expanding overseas, Zhanlue Data has gradually launched operations in markets including Vietnam and Indonesia. Over the next three to five years, it will further expand its overseas business segment, gradually exploring markets in countries such as Thailand and Singapore, thereby driving technology integration across Southeast Asia and exploring innovative business models.

Zhanlue Data stated that this funding round will add new momentum for the company to continue deepening its presence in the Asia-Pacific insurance market. Going forward, Zhanlue Data will further contribute to health insurance ecosystem transformation, steadily advancing the construction of big data models and enhancing comprehensive operational service capabilities, with the ambition of becoming a world-class insurance technology platform that uses technological strength to safeguard health protection.