Pharmaceuticals & HealthCare | CEO Business Africa

Healthtech startup Healthtracka secures US$1.5m seed fund to advance digital diagnostics capabilities in Africa

June 23, 2022June 23, 2022

NIGERIA – Nigeria’s Healthtech startup Healthtracka has secured US$1.5 million in seed funding to power digital diagnostics and empower healthcare providers to reach their customers where they are comfortable in an effort to improve patient outcomes in Africa. The seed funding round was co-led by Africa-focused early-stage VC Ingressive Capital and US-based venture fund Hustle Fund with participation from Alumni…

Insurtech startup mTek secures US$3m investment from Finclusion Group

June 21, 2022June 21, 2022

KENYA – mTek, an insurtech startup, has secured an additional US$3 million investment through both debt and equity from African-focused fintech platform, Finclusion Group. The startup had secured US$1.50 million (KSh170 million) investment from TrustGro- a non-deposit taking microfinance company to support the startup operations which primarily allows Kenyans access to paperless insurance products by partnering with local underwriters. The…

SA startup Root links with Andela and Momentum Health for digital health insurance solutions

June 17, 2022June 17, 2022

SOUTH AFRICA – Cape Town-based digital insurance startup Root has teamed up with Andela, the global network for remote engineering talent, and financial services company Momentum Health Solutions to ensures Andela’s clients access the best health insurance cover options in South Africa. The global engineering network Andela was launched in Nigeria in 2014 to help companies to build remote engineering…

Insurtech startup Nice Deer raises US$1m in pre seed round from DisrupTech Ventures

June 7, 2022June 7, 2022

EGYPT – Nice Deer, an insurtech startup bringing innovative health insurance solutions to the Egyptian market, raised US$1 million in a pre-seed funding round led by DisrupTech Ventures. Established in early 2022 and currently operating in Egypt, Nice Deer aims to bridge the gap between healthcare providers, health insurance companies, and health insurance beneficiaries by facilitating insurance and repayment of…

Moroccan e-health startup Blink Pharma raises undisclosed funding to expand operations

May 26, 2022May 26, 2022

MOROCCO – Moroccan e-health startup Blink Pharma has raised an undisclosed amount of funding from Azur Innovation Fund to help it expand its operations and launch new products. Launched in 2020 by Ali Sami and Adil Bertul, Blink Pharma has built a B2B marketplace that allows pharmacists, laboratories, and wholesalers to exchange orders and make payments. The platform also offers…

Egyptian health and wellness platform Esaal raises US$1.7M to scale operations

May 25, 2022May 25, 2022

EGYPT – Esaal, one of the largest technology platforms for online health and wellness consultations in the MENA region, has completed the final tranche of its US$1.7M seed funding round. The seed round led by A15 brings the company’s total investment to date to US$3M since being founded in 2018. Esaal will continue to deploy this tranche of capital to…

Health-tech Zuri Health secures US$1.3M in pre-seed round to expand operations across Africa

May 24, 2022May 24, 2022

KENYA – Zuri Health, Kenya’s fastest-growing digital healthcare company which provides affordable healthcare via mobile, has raised US$1.3 million in pre-seed funding to scale quality healthcare services affordably across Africa. The funding round was led by DOB Equity, pan-African early-stage venture fund Launch Africa and Founders Factory Africa with additional investments from V8 Capital, Platform Capital, Villgro Africa, Asime Ventures…

Private equity firm Ascent Capital acquires majority stake in Valley Hospital Limited

May 20, 2022May 20, 2022

KENYA – Ascent Capital, a leading East African private equity firm in the region, through its Ascent Rift Valley Fund II LP has acquired a significant equity stake of Valley Hospital Limited located in Nakuru City, Kenya. Founded in 1996, Valley Hospital was one of the first private for-profit hospitals in Nakuru City and a pioneer in offering quality and…

Egyptian healthcare startup Doxx raises US$1.5M in a seed round for expansion

May 19, 2022May 19, 2022

EGYPT – Doxx, an Egypt-based healthcare startup, has raised US$1.5 million in seed round and plans to expand to close the loop on patients’ requirements while becoming the preferred app for doctors and patients. Following the seed funding led by VC Openner and Elevate, the start-up has launched first fully integrated digital platform in the MENA region connecting medical professionals…

Kenyan-based health tech startup Zuri Health secures US$1.3m funding for its expansion plans

May 19, 2022May 19, 2022

KENYA – Zuri Health, a Kenyan-based health tech startup offering mobile-based healthcare, has received US$1.3 million funding to expand across Africa. The digital healthcare company has completed a funding round attracting investment from DOB Equity, Launch Africa, and Founders Factory Africa to expand across Africa. Zuri Health connects mass-market patients with healthcare services via SMS, WhatsApp, and a dedicated app. The company initially…