Ventures Platform invests in three Nigerian startups to accelerate growth

NIGERIA – Ventures Platform, an early-stage fund, has invested an undisclosed sum in three Nigerian startups Tambua Health, Brass and FunnelJoy to help them scale their solutions. 

Tambua Health uses lung sound analysis to transform the diagnosis and treatment of respiratory diseases globally. The startup has built a hardware device called the T-sense that generates images of the lungs by detecting the vibrations of sound as air moves in and out of the lungs using sensor arrays put on the back of the patient. 

The startup recently secured funding after taking part in the Y Combinator accelerator, and also participated in the Google Launchpad Africa programme. 

Brass is a digital bank that provides small and medium businesses with a suite of products and tools designed to help them grow.

FunnelJoy is an all-in-one tool designed for digital entrepreneurs, marketers, and creators to help them capture, convert and engage leads and sell products online. 

The three startups join Ventures Platform’s portfolio companies which in include Trove, Thank U Cash and MDaaS.

Venture Platform invests in startups that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, create efficiencies, solve for non-consumption, and improve livelihoods. 

Ventures Platform partner Kayode Oyewole said the company was proud to be investing throughout the COVID-19 crisis. 

“Today, despite the reality of the current COVID-19 pandemic and its far-reaching second and third order social and economic effects, our convictions haven’t changed as we believe that this pandemic makes a stronger case for investing in innovative startups that are nimble and able to benefit from a boost in user adoption and lower customer education costs as people find new ways to live, work and communicate,” he said. 

Leave a Comment

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