Tencent-Backed Waterdrop Raises Funds at $2 Billion Value
- Firm raised $200 million to expand in healthcare crowdfunding
- Waterdrop is also mulling an initial public offering
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Waterdrop Inc. has raised about $200 million to bankroll its expansion in healthcare crowdfunding, according to people familiar with the matter.
The insurance tech startup, backed by Tencent Holdings Ltd., raised the money at a valuation of around $2 billion, the people said, asking not to be identified because the matter is private.