SOUTH AFRICA – Aviro Pocket Clinic, a South African digital company that offers services empowering patients with accessible and engaging counseling and linkage to services via phones or other devices, has successfully closed a pre-series A funding round to go into expansion and improved service delivery.
Over the past two years, Aviro Pocket Clinic has assisted 50,000 patients to access healthcare in Kenya and South Africa and is validated by leading healthcare providers such as UCT, ITS, and John Hopkins.
The digital health self-care platform helps patients achieve favorable health outcomes through well-crafted medical content delivered through a multi-channel platform.
In a press release, Dr. Musaed Abrahams, CEO Aviro Health revealed that the funding will allow them to expand the flexibility and scalability of the service.
Phindile Tshabangu at Tuksnovation, one of the institutions leading the funding round, shared that Aviro Health was one of their first investments from their seed fund, describing them as “an early success story of our incubation programme.”
Healthtech investments across Africa have skyrocketed thanks to opportunities provided by Covid-19 as per a report published by Quartz Africa in March.
In 2020, healthtech investments yielded US$106.7 million across 62 funding rounds, representing 12% of all disclosed rounds.
While many entrepreneurs’ express interest in the healthtech space, there exist limited partnerships among industry players such as distributors, pharmaceutical manufacturers, and technology companies.
Babob Insights reports a raise of US$77.1 million between H2 of 2020 and H1 2021.
“We have however seen the adoption of new delivery models such as telemedicine and direct-to-consumer (D2C) delivery channels into their offering.”
Leading e-commerce startups have shown strategic interest in the sector with notable brands like Konga, Copia, and Jumia now offering over-the-counter products directly on their platforms.
The pandemic has accelerated the pace of technological advances in health care, from video consultations to artificial intelligence-powered triage, and medically underserved East Africa is catching on fast.
With some of the worst doctor-patient ratios in the world, Africa is proving fertile ground for telehealth providers.
Globally, the e-health market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to US$310.09 billion by 2027 growing with the CAGR of 22.51% in the above-mentioned forecast period.