Moroccan-based investment firm UM6P Ventures backs Infiuss Health

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…

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Healtech platform Locumbase secures funding round for its growth plan

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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Healthtech startup Remedial Health raises US$4.4m seed round to expand geographically

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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mPharma completes acquisition of Nigerian pharmacy retail chain HealthPlus

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…

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#DEALSTREET; HelpMum secures US$250,000 grant, 5 Quarters Raises Seed Round, Estate Intel announces pre-seed round

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…

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E-health startup BusyMed raises funding for its expansion plans

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…

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RMB assists Life Healthcare to raise funding, partners Shoprite Group

SOUTH AFRICA – Life Healthcare Group Holdings Limited (Life Healthcare), a hospital group, has appointed RMB, the African Corporate and Investment Bank, as the sole lead arranger to establish a domestic medium-term note (DMTN) programme and to manage its inaugural bond issuance. The programme is being arranged through the Company’s funding subsidiary, Life Healthcare Funding Limited (LHF), and is aimed…

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Healthtech startup Shezlong expands its services to South Africa

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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Healthtech startup Healthtracka secures US$1.5m seed fund to advance digital diagnostics capabilities in Africa

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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Insurtech startup mTek secures US$3m investment from Finclusion Group

KENYA – mTek, an insurtech startup, has secured an additional US$3 million investment through both debt and equity from African-focused fintech platform, Finclusion Group. The startup had secured US$1.50 million (KSh170 million) investment from TrustGro- a non-deposit taking microfinance company to support the startup operations which primarily allows Kenyans access to paperless insurance products by partnering with local underwriters. The…

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