Health tech | CEO Business Africa

Egyptian Startup Otida secures US$340k in pre-seed round to expand operations

March 29, 2022March 29, 2022

EGYPT – Egypt-based health tech startup Otida, has raised US$340,000 in pre-seed funding round to expand its digital diabetes treatment across Egypt and MENA region. The latest funding round was led by Lofty Inc., a Texas-based VC, with the participation of Flat6Labs Cairo, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and some angel investors. The startup will use the…

Health tech startup launches Trust for investing 5% of future proceeds

July 23, 2021July 23, 2021

AFRICA – 54gene, a health tech startup, is creating a Trust which it will use to invest up to 5% of future proceeds from the company’s commercial drug discovery program. The creation of the trust is part of its Commitment to Africa in establishing a more sustainable and thriving cyclical ecosystem across Africa’s scientific development space, as well as ensuring…