Consumer Healthcare Digital Intelligence Platform Leader "Lingjian" Completes Series E Financing | Xinxing PORTFOLIO

On January 8, Linkedcare, a leading AI+SaaS consumer healthcare digital intelligence platform, announced it had recently completed its Series E funding round of several hundred million RMB, co-led by Xi Chuang Tou and Binhu Industry Group.

Heart Capital invested in Linkedcare back in 2020. On this new round, Yan Han, founding partner of Heart Capital, commented: "Congratulations to Linkedcare on this outstanding financing achievement. This represents not only strong market recognition of Linkedcare's innovation and capabilities, but also affirmation of its leading position in the healthcare SaaS space. We have consistently believed in AI-powered industrial intelligence innovation, and we are confident that Linkedcare's strategic upgrade from 'SaaS+X' to a dual-engine 'AI+SaaS' model will accelerate digital transformation across the dental industry and drive advancement across the broader healthcare sector. As an industry leader, we look forward to Linkedcare's global expansion in intelligent dental care."

Founded in 2015, Linkedcare has maintained rapid growth through deep industry insight, innovation-driven strategy, and robust R&D capabilities. The company currently serves 50,000+ dental and medical aesthetic institutions, commanding over 85% market share in China's private high-end dental sector. Thanks to exceptional product strength and continuous innovation, its NDR (net dollar retention) reaches 129%. As intelligent technology continues to evolve, AI will play a decisive role in the future of dentistry. In 2025, Linkedcare's strategy will upgrade from SaaS+X to a dual-engine AI+SaaS model powering a consumer healthcare vertical digital intelligence platform.

Linkedcare's dental SaaS software eKanYa provides dental clinics with an integrated solution for "revenue growth, risk mitigation, cost reduction, and efficiency improvement." It enhances clinic management efficiency through practice management software and information technology; helps clinics with marketing and business intelligence through digital tools like "Youke" and "Youshu"; and empowers clinics to efficiently identify patient needs, expand opportunities, and increase revenue through AI-powered features like "AI Dental Check" in the eKanYa intelligent version. Linkedcare's eKanYa Mall is committed to providing one-stop supply chain solutions for dental institutions — "save money on supplies, manage supplies more easily" — directly reducing costs and improving efficiency through supply chain optimization, helping clients enhance profitability and capital efficiency.

Building upon its existing eKanYa dental SaaS software, eKanYa Mall, and Yuerong medical aesthetic SaaS software, Linkedcare formally entered the clear aligner market in 2023 by introducing cutting-edge AI technology, deeply integrating AI into orthodontic diagnosis and treatment planning to further advance personalization and intelligence. As a strategic core of the company's clear aligner business, Linkedcare launched "LinkedSmile," a next-generation clear aligner brand.

China sees 4 million orthodontic patients annually, yet clear aligner penetration remains below 20%. Traditional clear aligners still face unresolved clinical pain points, including high refinement rates, poor patient compliance, and lengthy treatment cycles. Guided by the philosophy of "precise diagnosis, precise orthodontics," LinkedSmile has successively launched the LinkedSmile Kids early childhood intervention product line, the LinkedSmile Kids Starry Night Edition for nighttime wear to address compliance issues in children, as well as a comprehensive product range including the Professional Edition, Flagship Edition, and Maxillomandibular Reconstruction (MR) series. At the 2024 COS Conference, LinkedSmile partnered with LuxCreo to introduce China's first direct 3D-printed aligner solution — LinkedSmile 4D — the world's first and only direct 3D-printed aligner product with FDA, CE, and NMPA certifications. Utilizing unique shape-memory reversible materials and direct 3D-printing technology, it offers greater precision, speed, comfort, and environmental sustainability.

LinkedSmile has established an "Invisible Orthodontics Biomechanics and AI Medical-Industry Integration Laboratory" with the Institute of Biomaterials and Regenerative Medicine at Shanghai Jiao Tong University School of Medicine, and has launched research collaborations with multiple academic institutions. Committed to continuous innovation, LinkedSmile will leverage AI and 3D printing as core drivers to introduce more innovative products and solutions.

Since its market launch, LinkedSmile has partnered with nationally renowned dental groups including Dental Doctor, Meiwel Dental, Malo Clinic, Jinsong Dental, Yabeikang Dental, Little White Rabbit Dental, Ningbo Dental, Guangzhou Suihua Dental, Dehan Dental, Henglun Dental, Yiya Yingbo Dental, Delun Dental, Arrail Dental, Taikang Bybo Dental, Fujian Jingteer Meikepu Dental, and Keen Dental. In 2024, LinkedSmile achieved 241% year-over-year growth, providing initial validation of its product strength and innovation capabilities.

This successful funding round provides ample capital support for Linkedcare and LinkedSmile. The company will increase investment in emerging AI technologies such as AIGC, accelerate R&D and promotion of LinkedSmile based on AI+3D direct-printing aligner technology, and strengthen eKanYa Mall product development and supply chain infrastructure. The company will continue intensifying AI technology R&D and application, further elevating product and service intelligence levels, and persistently driving global expansion in intelligent dental care.

Linkedcare founder and CEO Wu Zhijia stated, "An excellent enterprise must excel in three dimensions: market segment, business model, and organization. Looking at dental and medical aesthetic industry development in developed countries like Europe, America, and Japan, I am extremely confident about China's dental and medical aesthetic sectors. SaaS is a compounding growth business model, and when the new generation of AIGC technology arrives, vertical industry SaaS will have even more opportunities to create greater value for customers. I firmly believe that AI+SaaS evolving into AIaaS will break through SaaS's ceiling and unlock even larger growth potential. Currently, Linkedcare's eKanYa SaaS software, eKanYa Mall, and Yuerong medical aesthetic SaaS software have all achieved sustained profitability, and LinkedSmile delivered 241% year-over-year growth in 2024. AI technology is central to Linkedcare's ongoing digital intelligence transformation. By deeply exploring AI's potential across medical quality, operational management, marketing and customer acquisition, data analytics, treatment planning, and personalized services, Linkedcare is building an intelligent healthcare closed loop from patients to doctors, from clinics to hospitals, driving intelligent transformation across the dental and medical aesthetic industries."

Xi Chuang Tou, an investor in this round, commented: As a leading enterprise in the consumer healthcare digital intelligence platform segment, Linkedcare achieved steady SaaS performance growth in 2024 while establishing clear aligners as a new growth driver — no small feat. We are pleased to see Linkedcare's efforts in digital innovation across dentistry and medical aesthetics, as well as in clear aligners, and we look forward to their continued deep industry engagement in helping drive intelligent transformation and upgrading across the sector.

Zhao Wen, deputy general manager of Binhu Industry Group, an investor in this round, stated: "Linkedcare's innovative AI+SaaS dual-engine consumer healthcare vertical digital intelligence platform can deeply connect upstream and downstream across the industry chain, providing dental and medical aesthetic institutions with comprehensive one-stop digital solutions and services. Linkedcare's LinkedSmile clear aligner products, deeply integrated with AI, have the potential to become a new growth curve for the company. We are confident in Linkedcare's future development and look forward to the company continuing its innovative spirit, constantly enhancing product and service competitiveness, and creating even greater value in the consumer healthcare digitalization space."

About Linkedcare

Linkedcare was founded in 2015 and is headquartered in Shanghai. It is a leading consumer healthcare technology company dedicated to driving digital and intelligent transformation in the dental and medical aesthetic industries through technological innovation and intelligent solutions. The company has established over 20 branches nationwide and holds ISO/IEC 27001 dual domestic and international certification, Ministry of Public Security Level 3 Protection certification, and Ministry of Industry and Information Technology Level 3 Protection certification.

The dental digital management software eKanYa is patient-centered, clinical diagnosis and treatment-focused, and staff-oriented, achieving closed-loop management across the entire pre-visit, during-visit, and post-visit process. It optimizes internal workflows, improves medical quality, assists dental institutions in digital transformation, enhances "efficiency," and ensures "compliance." Combined with AI algorithms, it launched AI Dental Check to improve clinical efficiency and revenue generation, achieving closed-loop management where symptoms are treated as they should be. It intelligently identifies nearly 40 symptoms within 5 seconds, automatically generates oral examination reports, serves as a powerful consultation tool, and uncovers full-mouth opportunities to drive revenue.

The eKanYa Mall is committed to providing one-stop supply chain solutions for dental institutions — "save money on supplies, manage supplies more easily." Through direct supply chain cost reduction and efficiency gains, it helps clients improve profitability and capital efficiency. eKanYa Mall insists on genuine products, "lowest prices daily with price-match guarantee," and 60-day no-reason returns, helping dental institutions truly save money, worry, and effort on procurement. It currently connects 500+ upstream manufacturers, hosts 1,000+ domestic and international brands, carefully selects 20,000+ dental supply products, and seamlessly integrates with inventory management systems, enabling full traceability across procurement, warehousing, and usage for convenient and efficient operations.

Yuerong, Linkedcare's medical aesthetic institution digital intelligence management software, provides the medical aesthetic industry with comprehensive domain-wide digital and intelligent solutions, integrating store operations, customer management, medical services, inventory management, and private domain operations to meet all aspects of business operations. In customer operations, domain-wide integrated SCRM drives merchant digital transformation and improves sales capabilities; in store management, beyond helping merchants reduce costs and improve efficiency internally, intelligent store operations enhance refined management and in-store consumer experience; in medical services, it improves online medical efficiency with complete compliance solutions.

LinkedSmile is a next-generation precision orthodontic solution provider. Committed to innovative technology, it assists doctors in designing more precise and safe orthodontic treatment plans, enabling patients to receive safe, reliable, personalized orthodontic services. Through LinkedSmile 4D — China's first direct 3D-printed aligner product — combined with AI technology, it brings patients a new clear aligner experience that is faster, more accurate, more comfortable, and more environmentally friendly.

LinkedSmile has an exclusive partnership with Professor Suzuki, a pioneer in early childhood orthodontic intervention in Japan, to launch the new LinkedSmile Kids early childhood intervention product line. Guided by precise diagnosis philosophy, it creates integrated global orthodontic solutions, comprehensively supporting children's oral health future across four dimensions: teeth, bone, muscle, and compliance.

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Heart Capital was founded in 2022 and is a China-based early-stage venture capital fund focused on technology and digitalization. The Heart Capital team is primarily composed of Yan Han, founding partner of Lightspeed, core investors, a chief financial officer, and senior investors from industry backgrounds. The team's past investments include Series A investments in Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), as well as FinVolution (NYSE: FINV), RoboSense (02498.HK), Baichuan, Yunmanman Cold Chain, Fan Deng Reading, World Logistics, Weina Xingkong, LandSpace, Lanhu, Starfield, and others.

Rooted in China with a global outlook, Heart Capital is committed to finding true value in non-consensus. Heart Capital respects the value of "people" and advocates for the potential of "heart," looking forward to accompanying more young Chinese entrepreneurs in strengthening China and going global.