Inspiring Leadership & Sustainable Business Transformation in Africa
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…
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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…
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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…
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EGYPT – Shezlong, an Egyptian healthtech start-up has spread its wings to South Africa, bringing its popular psychotherapy platform to the country amid increasing depression and other mental health illnesses. Shezlong, initially focused on Arabic-speaking nations, will be known as “Upright” in South Africa. The start-up says its strategic move was due to a “mental health crisis” that forces them…
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NIGERIA – Nigeria’s Healthtech startup Healthtracka has secured US$1.5 million in seed funding to power digital diagnostics and empower healthcare providers to reach their customers where they are comfortable in an effort to improve patient outcomes in Africa. The seed funding round was co-led by Africa-focused early-stage VC Ingressive Capital and US-based venture fund Hustle Fund with participation from Alumni…
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NIGERIA – Pan-African technology-driven healthcare startup, CarePoint has secured a US$10 million bridge round to accelerate its growth across Africa. The latest funding round was led by TRB Advisors and brings the total funding raised by CarePoint to US$30 million. It follows a US$18 million Series A round announced mid-November last year. New and existing investors that took part in…
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EGYPT –Egyptian healthtech company, Rology has closed pre-Series A financing to fuel its growth in Saudi Arabia and Kenya. The funding round was led by Egypt Ventures, with participation from Sequence Ventures, Waseel, Tawaref, Viktoria Ventures AAIC, DAI, Cubit Ventures and HIM Angels. The startup will use the funds to scale its AI-assisted teleradiology platform into Saudi Arabia and Kenya,…
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EGYPT – Egypt-based health tech O7 Therapy, a refined, scientific, and evidence-based online platform has raised a US$2.1 million seed round to accelerate growth. The latest seed funding round was led by Hikma Ventures, with the participation of C-Ventures, Lotus Ventures, alongside angel investors. The funds will be used to promote mental health and wellness, assist in addressing various difficulties,…
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CÔTE D’IVOIRE – Cameroonian health technology start-up Waspito has closed a US$2.7 million funding round as it eye expansion into Côte d’Ivoire. The funding round was led by Newtown Partners via the Imperial Venture Fund with participation from Launch Africa Ventures, BLOC Smart Africa managed by Bamboo Capital Partners, Saviu Ventures, Orange Ventures, BringCom, and Plug and Play. The startup…
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KENYA – M-TIBA, a Safaricom-owned mobile health platform, has announced a new partnership with Jubilee Health Insurance to provide health insurance to over 3,000 lives via their Group Micro Health Product. The product launched in April 2021 has greatly benefited over 45 SMEs across Nairobi, Kisumu, Meru and the Mt. Kenya regions. The quick uptake has been made easier through…
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