(Yicai Global) Dec. 19 -- Orient Speech Therapy Center (China) Ltd. bagged USD250 million in B-round funding to introduce world-class technology and curricula to China, benefiting patients with autism and speech disorders, online media outlet Lie Yunwang reported.
Northern Light Venture Capital, Eight Roads (former Fidelity Growth Partners Asia) and F-Prime Fund (former Fidelity Biotechnology Fund) led the round followed by Long Hill Capital. Eight Roads and F-Prime Fund participated in the Hong Kong-based group's A-round.
Orient Speech Therapy was the first designated speech and language therapy organization in China. It provides oral muscle training guidance to those with speech disabilities through online and offline services.
The speech and language training of Orient Speech Therapy has helped children with diseases such as cerebral palsy. The firm also offers speech enhancement programs for other children and speech rehabilitation programs for adults with a stutter and ones who suffered from a stroke or postoperative aphasia.
Orient Speech Therapy operates nearly 20 centers in ten cities and provinces including Beijing, Shanghai, Guangzhou and Shenzhen, serving over 200,000 families.