Nigerian startup healthlane receives US$2.4 million funding from investors

NIGERIA – Nigerian health startup healthlane, has received US$2.4 million in investment funding from a number of investors including British based Venture Capital fund Digital Horizon.

Digital Horizon invests in early-stage startups with promising solutions for the financial industry, e-commerce, education, and enterprise software.

Other investors in the Healthlane portifolio include: Sequoia Capital, Silicon Valley Bank, TSVC, Supernode Ventures, CRE Africa, Capitoria, as well as several early investors in Ping An Good Doctor, also participated in the round.

Healthlane, a Y Combinator alumnus,  focuses on modern, online consultations for local and remote patients, alongside traditional face-to-face public health services – across Africa.

Available on both Google Play Store and App Store, the health startup  is creating a platform that allows patients to book and pay for a doctor’s appointment at a public clinic through an app.

Healthlane intends to replicate the success of China’s “Ping An Good Doctor” by building an ecosystem of medical services based on existing offline infrastructure.

Right now, more than 30 medical institutions in Nigeria and Cameroon co-operate with the company, and the number of clients in the first half of the year exceeded 60,000 people.

The company is also planning to add new features in the future, including calling a doctor at home, gaining access to test results and prescriptions.

Telemedicine, and ordering medicines with delivery will also become available.

In the future, this all-in-one approach will enable the company to expand the list of services by adding, for example, insurance products, commented Alan Vaksman, founder, and managing partner of Digital Horizon.

“I am confident that Africa needs such projects, so we will continue to monitor the development of the local digital healthcare sector and will keep looking for exciting opportunities,” Alan Vaksman added.

Founded by Alain Nteff, Healthlane is one of the 12 African startups that got into Y Combinator’s 2020 winter batch.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.