YuanBio USD Fund II’s portfolio company BestView Laser recently closed a new funding round. This round is exclusively invested by Med-Fine Capital. The new funding will be used for production capacity expansion, global market development, brand image building and independently developed products iteration. YuanBio led the company’s Series A funding round in August 2022.
BestView Laser focuses on the R&D, production and sales of high-end medical and aesthetic laser equipment. With more than 10 core products and over 100 IP certificates, the company is a national high-tech enterprise. Currently, BestView Laser’s products have been exported to more than 70 countries and regions. With eye-catching market development speed and unique products portfolio, the company's business has grown rapidly, achieving over 100% growth compared with 2023. Data show that the global market size of medical and aesthetic laser equipment is about USD 15.4 billion in 2023; the number is expected to reach USD 25.9 billion by 2028, with a compound annual growth rate of about 11%. With the continuous expansion of the global medical cosmetology market, especially the rapid growth of emerging markets, the global demand for medical and aesthetic laser equipment will keep growing, allowing a broad market space for such Chinese companies as BestView Laser to go global.
The company founder, Mr. Jia Yangchun, has been deeply involved in the global medical cosmetology market for 18 years. Mr. Jia believes in being at the forefront of global markets to capture industry trends and customer needs. The company has achieved continuous and rapid product iteration through R&D and innovation, and has been precisely addressing customers’ pain points around the globe. BestView Laser has established a wide network of sales agents globally, covering North America, South America, Europe, Asia-Pacific region, and other mainstream and emerging markets.
Mr. Jia commented about the new funding, "We are very grateful for the trust from Med-Fine Capital; and we would also like to thank our existing investors, Northern Light, YuanBio, and Beijing New Aerotropolis for their continued support. We will keep optimizing our business model, creating new products and technologies and bearing in mind that technology can transform people’s lives. We will bring more high-quality made-in-China products to the world”.
The medical and aesthetic laser equipment market is vast, with significant development potential. BestView Laser has a highly innovative and passionate team. It values innovation and understands the importance of continuous R&D input. With a rich and growing products portfolio and outstanding sales capability, BestView Laser will bring more and better products to the market.
