MDaaS Global raises US$2.3 million for digital health solutions and expansion in Nigeria

NIGERIA – MDaaS Global, a healthtech company building and operating a network of modern, tech-enabled diagnostic centers across Nigeria, has raised US$2.3 million to launch ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous care using proprietary technology.

The extension brings MDaaS Global’s total funding to $3.7 million to date, in addition to the launch of SentinelX, this new funding will see the company rapidly scale its physical footprint across Nigeria to become the largest diagnostic chain in the country.

Since its founding, MDaaS Global has focused on increasing access to critical diagnostic services for underserved and geographically challenged communities.

SentinelX builds on that mission by democratizing access not only to technology-enabled primary care but also to comprehensive preventive care that helps members identify and address health risks before they become problems.

Over the past two decades, non-communicable diseases (NCDs), also referred to as lifestyle diseases, have risen dramatically in sub-Saharan Africa, driven by a growing incidence of cardiovascular risk factors like unhealthy diets, reduced physical activity, hypertension, and diabetes.

By 2030, NCDs are set to become the leading cause of mortality on the continent. SentinelX is poised to tackle this challenge head-on and empower members to take control of their long-term health.

Currently in private beta and with a speedily growing waitlist, SentinelX is set to launch publicly in September 2021.

Speaking on the announcement, Oluwasoga Oni, MDaaS Global’s CEO and Co-Founder said, “Unrestricted access to quality healthcare has always been our principal objective and the pandemic has compelled us to consider innovative ways of offering more proactive care. This additional funding will propel our growth as we look to serve more people and in more ways.”

Llew Claasen, Managing Partner at Newtown Partners believes, “Most consumers in sub-Saharan Africa receive suboptimal medical care because of infrastructure gaps, low physician density, delays in diagnostics, and a lack of health data visibility. We think the physical diagnostic infrastructure that MDaaS is building out, coupled with the means to collect data and deliver value-added software services, has the potential to completely change the way that physicians, clinicians and pharmacists do their jobs and lead to better health outcomes for a huge number of previously underserved consumers.”

Founded in 2017 by Oluwasoga Oni, Opeyemi Ologun, Genevieve Barnard Oni, and Joseph McCord, MDaaS Global has launched 7, with plans to expand to 6 new cities in 2021.

To date, the healthcare company has provided diagnostic services to over 40,000 patients in underserved communities, and following its seed round in 2019, has grown its staff capacity to over 70.

The company has also performed over 80,000 diagnostics tests across cardiology, radiology, neurology, laboratory, and general health checks.

MDaaS has expanded its referral network to include over 750 clinicians and has partnered with over 500 health facilities and 10 HMO networks.

By 2025, the company aims to operate 100 centers across the continent and serve 1 million patients per year.

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