Genetics-based health company BioCertica raises US$1.6m seed round

SOUTH AFRICA – BioCertica, a genetics-based health company, has raised a US$1.6 million seed round, following a successful US$650 000 pre-seed investment. BioCertica is the first African-based direct-to-consumer genetics company to introduce polygenic risk scoring (PRS) to generate DNA test results. It combines advanced genomics technology to interpret your DNA and provide recommendations to unlock a healthy lifestyle. PRS results,…

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HEINEKEN Africa Foundation appoints Bilikiss Adebiyi-Abiola as its Chair of The Board of Trustees

AFRICA – The HEINEKEN Africa Foundation has announced the appointment of Bilikiss Adebiyi-Abiola as Chair of the Board of Trustees, taking over an organization that is committed to building sustainable communities since 2007. Born and raised in Nigeria, Ms. Adebiyi-Abiola brings to her position as Chair a distinguished track record in waste management and recycling in the developing world. She…

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CFAO Healthcare acquires minority stake in Goodlife Pharmacies

KENYA – CFAO Healthcare, a leader in the African pharmaceutical market, has signed a memorandum of understanding to acquire 30% of Goodlife Pharmacies, East Africa’s leading pharmacy chain, from LeapFrog Investments. Also known as Eurapharma, CFAO Healthcare is the healthcare division of the CFAO Group and it is a wholesale distributor of quality pharmaceuticals across Africa where it owns and…

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Gricd partners HaulTrac to deliver essential healthcare commodities across Nigeria

NIGERIA – Gricd, a cold chain technology company has partnered with Haultrac to support the delivery of essential healthcare commodities in Nigeria on behalf of USAID. The partnership entails the delivery of commodities such as medicines, rapid diagnostic test kits, laboratory reagents, and consumables, as well as other related health and non-health commodities across the country. It also includes long…

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Ghanaian Startup Yemaachi secures US$3M in seed funding to advance precision oncology

GHANA – Yemaachi Biotech, a cancer research and diagnostics firm with headquarters in Washington, DC, has secured a US$3 million seed round to further its goal of worldwide accuracy oncology diversification. The latest seed funding round was led by V8 Capital with participation from LifeLine Family Heritage Fund, Y Combinator, Tencent, LoftyInc Capital, VestedWorld, V Square Capital, and Ethan Perlstein.…

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Retail pharmacy Goodlife Pharmacies raises US$12m from Proparco to expand its network

EAST AFRICA – Goodlife Pharmacies, healthcare and retail pharmacy chain, raised US$12 million in debt financing from Proparco, the French Development Finance Institution, to increase access to quality medicines and healthcare services in East Africa. Goodlife is the largest private pharmacy chain in East Africa and has grown its pharmacy and health hub network to nearly 100 locations across Kenya…

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Femtech retailer Kasha Global secures investment from Beyond Capital Ventures

EAST AFRICA – Kasha Global, East Africa’s premier femtech retailer for high-quality, affordable health and personal care items, has secured an investment from Beyond Capital Ventures, a new women-led impact venture capital business. With a US$300,000 investment, Beyond Capital Ventures is heading Kasha’s Series A2 Bridge fundraising round, its second investment. “The truth is, women are very influential customers in…

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Nigerian Reliance Health closes US$40M series B funding, eyes expansion into other countries

NIGERIA – Reliance Health, a Lagos and Texas-based digital healthcare provider has raised US$40 million series B  funding to fuel its continued growth and service delivery in the continent. The new round was led by General Atlantic and other participants including Partech, Picus Capital, Tencent Exploration, Africa Healthcare Master Fund, P1 Ventures, Laerdal Million Lives Fund, and M3 Inc. The…

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Healthtech firm Afya Rekod raises US$2m seed capital to enter new African markets

KENYA – Afya Rekod, a Kenyan healthtech firm that solves this challenge by establishing a platform that collects and keeps people’s health records digitally, has raised US$2 million in seed capital to scale its services and enter new African markets. Mac Venture Capital, a seed-stage venture capital firm based in the United States, led the round. Next Chymia, an Asian…

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Health startup mPharma secures US$35m in Series D round to expand its business

GHANA – mPharma, a leading health startup in Ghana and one of the most valuable health startups in Africa has secured US$35 million in a Series D round. The transaction consists of US$30 million in equity and US$5 million in debt from CitiBank, bringing mPharma’s total funding to US$65 million. JAM Fund, a venture capital firm founded by Tinder co-founder…

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