Inspiring Africa's Sustainable Business Growth
KENYA – Kenya’s online pharmacy MYDAWA has secured US$1.2 million in funding from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to boost Human Immunodeficiency Virus (HIV) prevention efforts. The project will be co-financed by the Organization of American States (OAS) in partnership with the University of Washington, Jomo Kenyatta University of Agriculture and…
Read More
SOUTH AFRICA – Strove, a health technology start-up, has concluded its most recent investment round, which was headed by a venture capital (VC) fund from Japan called Lifetime Ventures, to grow its operations. The capital raise would assist the acceleration of software development as the team continues to create its platform for holistic wellbeing. “We are excited to have closed…
Read More
EGYPT – Egyptian healthcare platform Vezeeta has closed an undisclosed funding round led by Abu Dhabi’s Gulf Capital that will finance acquisitions and expansion across the Middle East and North Africa (MENA) region. Vezeeta offers doctor appointment bookings, consultations, an e-pharmacy and lab sample collection through its digital platform for more than 10 million patients across 80 cities. It currently…
Read More
NIGERIA – Lifestores Healthcare, a Nigerian healthtech startup, has raised US$3 million in an oversubscribed pre-Series A round aimed at expanding its pharmaceutical marketplace across Nigeria. The company will use the funding to expand in Nigeria, enhance its software, and target new client demographics. It will also grow its senior management, sales, and engineering teams. “We’re proud and happy to…
Read More
MOROCCO – UM6P Ventures, an early-stage venture capital firm, has announced its investment in Infiuss Health to improve clinical trial participation and health equity in Africa. Infiuss Health provides clinical trial access to African participants and allows pharmaceutical companies to conduct and monitor these trials via the Infiuss Health Probe Platform. Through a single dashboard, the all-in-one software platform helps…
Read More
SOUTH AFRICA – Locumbase, an independent online medical booking platform, secured an undisclosed funding round from Grindstone Ventures as they ready for exponential growth. Founded in 2016 by Zulé Vuuren, the start-up connects freelance medical professionals and practices in South Africa to build their career or grow their practices on their terms. The Locumbase platform revolutionises the medical service as…
Read More
NIGERIA – Remedial Health, a Nigeria-based healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised US$4.4 million in seed funding to accelerate its expansion across Nigeria. The round was led by Global Ventures, with participation from Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform, Alumni Ventures and True Capital Management…
Read More
NIGERIA – Africa’s leading patient-centered technology-driven healthcare company mPharma has completed its previously announced acquisition of Nigerian pharmacy retail chain HealthPlus Group, the firm announced on its website. mPharma announced that the Ghanaian healthtech company and the London-based private equity firm Alta Semper have signed an agreement leading to the acquisition of a majority stake in the HealthPlus Group. Under the terms…
Read More
HelpMum secures US$250,000 grant to improve immunisation outcomes in Nigeria NIGERIA – Healthcare social enterprise, HelpMum, has received a US$250,000 grant from the Patrick J. McGovern Foundation to facilitate the administration of vaccines in Nigeria. According to Abiodun Adereni, HelpMum’s founder, the funding will be used to deploy its artificial intelligence product — ADVISER — which was developed in partnership…
Read More
SOUTH AFRICA – South African e-health startup BusyMed, which is improving access to pharmacies for communities around the country, has raised additional funding to speed its expansion plans. The new round of investment was from E4E Africa, an entrepreneur-centric VC fund led by experienced entrepreneurs, aligned mentors and investors. “Access to quality healthcare and medicine is one of the major…
Read More