{"id":53493,"date":"2018-01-03T16:55:32","date_gmt":"2018-01-03T16:55:32","guid":{"rendered":"http:\/\/www.bnreport.com\/apax-injects-60m-into-an-online-marketplace-for-cosmetic-surgery\/"},"modified":"2018-01-03T16:55:33","modified_gmt":"2018-01-03T16:55:33","slug":"apax-injects-60m-into-an-online-marketplace-for-cosmetic-surgery","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/apax-injects-60m-into-an-online-marketplace-for-cosmetic-surgery\/","title":{"rendered":"Apax injects $60m into an online marketplace for cosmetic surgery"},"content":{"rendered":"

Apax Digital, the tech entrepreneur-focused branch of London-based Apax Partners, has led a $60m funding round into China's SoYoung.<\/p>\n

The business, an online marketplace for aesthetic medical treatments, allows customers to research cosmetic procedures as well as the doctors and clinics, and directly book appointments.<\/p>\n

Founded in 2013 in Beijing, SoYoung has expanded rapidly over the past few years due to an increasingly wealthy middle class in the country and a growing cultural acceptance of cosmetic surgery. With the new funding, it wants to expand its geographic footprint and improve its native app and website.<\/p>\n

Read more: <\/strong>Aberdeen Standard gives its long lease fund a facelift with a \u00a340m Harley Street deal<\/a><\/p>\n

"We have been very impressed with the strong value that SoYoung brings to both consumers and clinics, and with the company's world-class traffic growth, engagement, and monetisation model," said Marcelo Gigliani, managing partner of the Apax Digital team.<\/p>\n

This latest series D funding round follows a $50m round just last year, which was led by tech company Tencent.<\/p>\n

Apax, which has also previously backed the UK vehicle online marketplace Auto Trader<\/a>, invested around $400m in China last year. Apax Digital recently raised $1bn for its latest fund and made its first investment in Moda Operandi, a luxury e-commerce business.<\/p>\n

Read more: <\/strong>Former Tommy Hilfiger owner Apax raises $1bn tech-focused fund<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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CityAM<\/a><\/h5>\n

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