Nigerian healthtech start-up, Carepoint bags US$10M for African expansion

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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Egyptian e-health startup Rology closes pre-series A funding for expansion

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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Egyptian health-tech O7 Therapy raises $2.1m seed round to enhance growth

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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E-health startup Waspito closes US$2.7M seed roundas it expands into Côte d’Ivoire

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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Mobile health platform M-TIBA partners Jubilee Health Insurance

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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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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US-based imaging-guided therapy provider Astute acquires Egyptian DilenyTech

EGYPT – Astute Imaging LLC, a US-based imaging-guided therapy provider, has announced the acquisition of DilenyTech, a Cairo-based healthtech and AI-powered deep technology screening company for an undisclosed value. Dileny Technology (DilenyTech) is a cutting-edge startup that develops and deploys cutting-edge AI technologies to help radiologists perform more efficiently. It focuses on medical imaging analytic applications, risk assessment for breast…

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Ivorian Healthtech Susu closes US$1M pre-seed round to Boost Insurance in Africa

IVORY COAST – Ivorian health startup Susu has closed a US$1 million pre-seed round to scale its family-centric insurance product across Africa. The equity raise saw participation mainly from angel investors, as the company also raised US$1.2 million in debt and grant financing from BPI France, a French public investment bank. The funds will be used to continue offering inexpensive…

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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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