Apax leads $60m financing for SoYoung

UK-based Apax Digital has led a $60m Series D financing for SoYoung.

The funding will be used to improve SoYoung’s marketplaces, enable geographic expansions and support the acquisition of new customers.

SoYoung CEO Jin Xing CEO said: “Apax Partners’ extensive track record in digital marketplaces, experience in healthcare investment, leading Chinese market presence, and proven operating team made it the ideal partner for our business as we continue to bring our app and services to a greater number of consumers.”

Apax Greater China partner and head Richard Zhang added: “Apax Partners has long been actively involved in the Chinese market. With the completion of SoYoung, Funds advised by Apax Partners (“the Apax Funds”) have invested $400m in China during 2017. We are very pleased to work alongside Apax Digital with this investment.”

Founded in 2013 with headquarters in Beijing, SoYoung is a community-driven marketplace that allows customers to research aesthetic medical treatments and book procedures. Users of the app can see reviews, rankings, videos and other information about treatments, doctors, and hospitals.