On August 20, Shuidichou (or Shuidi) announced the completion of its Series D round of financing, taking in 230 million yuan. The investment was jointly led by Swiss Re-insurance Company and Tencent. Former investors including IDG Capital and Light-Up Capital followed suit.
According to the data released by Shuidichou, the company's online insurance mall has covered more than 100 million users and nearly 60 million families, in 2,988 cities and counties. The annualized premium for the first two quarters of 2020 has reached nearly 6 billion yuan, close to that of the whole year of 2019.
As for the Shuidichou, a leading crowdfunding platform for heavily sick patients in China under Shuidi, the number of charity users has exceeded 320 million, and more than 1 billion donations have been made on the platform, with a total amount exceeding 32 billion yuan. The Shuidi Huzhu platform has helped more than 12,819 families, with over 1.615 billion yuan.
Shuidi said that this round of financing would be further invested in the application of AI, big data and other technologies in the business. Shuidi will use the Internet and the technology to provide users with more efficient and sufficient insurance services, and will also speed up exploring more medical and health services based on user needs.