Healthtech startup 54gene secures US$25m Series B round to advance its capabilities

NIGERIA – 54gene, a health technology company advancing African genomics research for improved global health outcomes, has secured US$25 million in a Series B round to advance its capabilities to contribute to global drug discovery. The round was led by Cathay AfricInvest Innovation Fund and also included participation from Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others, brings 54gene’s total investment to date to more than US$45 million. “It’s truly incredible to witness the impact of African scientists in global research and it is critical to…

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Healthtech startup Aviro Health secures pre-series A funding round to improve its clinic

SOUTH AFRICA – Aviro Health, a healthtech startup, has secured an undisclosed amount of funding in a pre-series A funding round led by ASISA ESD Fund (managed by Edge Growth), Tuksnovation, and TIA. The funding will be used to expand and improve the Aviro Pocket Clinic, a digital counselling service that is available through health providers in both the public and private sectors. In addition, the funding will enable the healthtech company to grow and expand its overall impact both in its HIV self-testing and into new use cases in…

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Beyond Capital Ventures makes its maiden investment in health tech startup Viebeg Technologies

RWANDA – Newly launched impact venture capital firm Beyond Capital Ventures has announced its first investment in Viebeg Technologies, a health tech startup that deploys technology to offer medical supplies of high-quality medical supplies and equipment throughout Central and East Africa through an innovative data-driven procurement platform. Beyond Capital Ventures joins its co-investment partners Beyond Capital Fund and Eckenstein Geigy Stiftung in Viebeg’s pre-seed funding round. Beyond Capital Ventures General Partner Eva Yazhari will join Viebeg’s Board of Directors. Viebeg Technologies was founded in 2018 by Chief Executive Officer Tobias…

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Health tech startup Field Intelligence expands in Kenya

KENYA – Field Intelligence, a Nigerian-based health tech startup that is digitizing the supply chain and transforming access to essential, life-saving medicine, has expanded to Eldoret, Mombasa, Kisumu and Naivasha in Kenya with its revolutionizing pharmaceutical platform-Shelf Life. This expansion adds to Field Intelligence’s existing 700 plus pharmacy membership, which has so far provided drugs to over 1.4 million patients. Pharmacies use the Shelf Life platform to supply drugs through its Pay-As-You-Sell programs, offering a cheaper option than seeking for working capital. In Nigeria, the startup has expanded to Rivers,…

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Healthtech startup RxAll raises US$3.15m funding to develop its technology

NIGERIA – RxAll, a startup based in the United States and Nigeria that uses deep technology to offer patients with high-quality medication, has raised US$3.15 million in funding to expand into other countries and develop its technology. This funding round combines a recently closed US$2 million seed round (which was oversubscribed by US$2.25 million) and a US$900,000 pre-seed round raised at the end of last year. The financing was led by Launch Africa, with participation from SOSV’s HAX and Keisuke Honda’s KSK fund. With the latest funding, the company hopes…

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Healthtech startup CribMD acquires Charisland Pharmaceuticals

NIGERIA – CribMD, a healthtech startup, has announced its acquisition of Charisland Pharmaceuticals Group to ensure fast and efficient one-hour drug deliveries to its patients across Nigeria. The acquisition comes on the heels of CribMD’s US$2.6 million seed round in May 2021, which the startup says was oversubscribed. According to CribMD’s CEO, Ifeanyi Ossai, users would not need to wait two days for the delivery of their medications. Now, it can be sent to their homes, offices, or hotels in as little as one hour. Charisland Pharmaceuticals Group was founded…

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E-health startup raises 7-figure seed capital for AI-based platform

SOUTH AFRICA – E-health startup iNNOHEALTH has secured a seven-figure seed investment from an unnamed Hong Kong-based VC for its AI-based healthcare platform it hopes will position it at the forefront of digital healthcare in the country.  Founded in 2020 by medical doctors Chad Marthinussen and Wade Palmer, and chartered accountant Abdul Malick Salie, iNNOHEALTH’s focus is on providing solutions for quality,  affordable and equitable healthcare to everyone on the African continent. The start-up’s first product is the doctor-led app MyPocketHealth, an integrated patient healthcare platform that will provide comprehensive…

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Healthtech startup Takestep raises seed round investment for its expansion plans

EGYPT – TakeStep, a healthtech startup, has raised an undisclosed seed round investment to expand its operations to the GCC countries (Gulf Cooperation Council) in the near future. The investment was from two angel investors; Dr. Mohamed Hossam Khedr, who is also joining TakeStep as Managing Partner, and another Egyptian angel investor. Founded in 2018, the company has been helping over 15,000 patients to recover, and steer clear of relapsing, through 24/7 counselling services via its patient-centric web and mobile platforms. TakeStep aims to support people struggling with substance abuse…

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Healthtech startup Redbird secures US$1.5m investment for expansion to new market

GHANA – Redbird, an Accra-based healthtech startup, has secured US$1.5 million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via the Imperial Venture Fund. According to the startup, the funding will be used to expand Redbird’s business model, operations and to enter new markets. “We’re thrilled to work with Johnson & Johnson Impact Ventures and Newtown Partners. Newtown and Imperial’s expertise in African supply chains, coupled with Johnson & Johnson’s long-standing commitment to improving care for the most vulnerable populations through technology,…

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Healthtech Dileny Technologies secures US$160k to expand its AI-Enabled platform

EGYPT – Dileny Technologies (DilenyTech) LLC, an Egypt-based healthtech startup, has secured a US$160,000 non-equity grant from the Information Technology Academia Collaboration (ITAC) program affiliated with the Information Technology Industry Development Agency (ITIDA). The fund, which was received a few months after the startup was awarded a US patent for a novel AI-enabled image analysis technology, will be used to expand its AI-Enabled platform to improve and expedite breast cancer detection. DilenyTech develops solutions for medical imaging analysis, breast cancer risk assessment, and structured reporting in several medical applications. The…

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