EB Tech, a China-based health insurance technology company, has recently completed its strategic Series A+ funding. Following co-led EB Tech's Series A funding in June, Eight Roads continued to participate in this round, demonstrating our strong confidence in the company and China's commercial health insurance market.

Founded in 2021, EB Tech offers digital-first, full-stack technology and service solutions to insurance companies participating in the city-based supplemental health insurance (so-called Hui Min Bao, "HMB") space. Since launching, the company has established a market-leading position by enabling insurance programs across 50 cities with over 25M enrolled. 

Cody Yin, Principal of Eight Roads Ventures China, remarked: "HMB is one of the most innovative and accessible insurance products on the market. The product leverages data and technology to offer consumers high-value health benefits, creating a virtuous circle that enables long-term sustainability. We're proud to support Ms. Wu and the founding team as a pioneer in enabling HMB to continue making strides in supporting China's common prosperity blueprint."