Today (October 26th), YOUMAGIC announced that its research and development company, WEMT Medical, has recently received new financing from the BTN Group, with the specific amount undisclosed. It is reported that this financing will further consolidate WEMT Medical’s technological barriers and improve its deployment in the field of medical energy.
Prior to this, WEMT Medical had already received over 100 million yuan in Pre-A and Pre-A+ rounds of financing, with core investors including Tsinghua Holdings, Purple Bull Fund, Jinyu Maowu, Proya Venture Capital, Hosencare Brothers, and Enshe Capital.
YOUMAGIC stated that YOUMAGIC is not only a new force product launched by WEMT Medical but has also become an important opportunity recognized by the BTN Group to expand its market share in the medical beauty equipment category. The two parties will work together to guide the market and users in the future medical beauty skincare environment to reacquaint themselves with effective, comfortable, and healthy anti-aging skincare choices.
Public information shows that WEMT Medical was established in July 2021 and is a medical device company with energy ablation treatment systems as its core technology, providing minimally invasive and non-invasive energy medical solutions. The product line currently under independent research and development includes peripheral intervention radiofrequency ablation systems, medical aesthetic radiofrequency treatment devices, and other high-end medical equipment.