Healthech startup Sotech raises US$1m pre-Seed funding round to grow its market

EGYPT – Sotech, a healthech and IoT solutions startup, has successfully raised US$1 million in its latest pre-Seed funding round led by Innlife investments and key corporate investor Al Raya Kuwaiti. The Egypt-based firm intends to use the freshly raised capital to extend its operations to 500 locations and grow its market beyond Egypt, including Mecca and Madina. Founded in 2020 by a group of Tech, Marketing, and Healthcare enthusiasts during the pandemic, the Egypt-based startup specialises in smart IoT, trackable OOH advertising, and data gathering. By providing fully integrated…

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African genomic startup 54gene raises US$25 million to expand precision medicine capabilities

NIGERIA – Since launching in 2019, African genomics startup 54gene has been at the forefront of bridging the divide in the global genomics market to which it has received a huge boost having secured US$25 million in Series B funding to bolster its efforts. Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap is quite surprising because Africans and people of African descent are reported to be more genetically diverse than any other population. This round comes a year after the company,…

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South African healtech Aviro secures pre-series A funding to improve and expand operations

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…

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PharmEasy acquires hospital supply-chain management startup Aknamed for US$190 million

INDIA – India’s largest online pharmacy chain, PharmEasy, has acquired Aknamed, a cloud-based hospital supply chain management start-up, in a largely inventory deal valued at US$180 – US$190 million. Aknamed, based in Bengaluru, India’s largest industrial city, provides procurement options to over 1,200 hospitals, among them Manipal Hospitals, Columbia Asia, and Narayana Wellbeing. Founded in 2018 bySaurabh Pandey and Mahadevan Narayanmoni, Aknamed has managed to grow its monthly revenue 10 times at the end of the last fiscal year. The acquisition, which is much like its buy of Thyrocare in…

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Zambia’s Dawa Health lauches seed fund to propel maternal health-focused growth

ZAMBIA – Dawa Health, an e-health platform currently focused on maternal health, is planning expansion into nearby countries for its digital health platform empowering rural mothers. Dawa Health is trying to close the maternal health access gap for women and mothers in Sub-Saharan Africa. According to WHO, over 830 mothers die daily from preventable pregnancy complications, with 67 per cent of those in Sub-Saharan Africa. “In Southern Africa, more than 17 million mothers give birth annually, and more than 10 million of those do not have access to good quality…

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Saudi healthtech startup Clinicy secures seven-figure funding round

SAUDI ARABIA – Saudi Arabian healthtech platform Clinicy has clinched a “seven-figure” funding round to extend their services and user base. The round, led by Riyadh-headquartered private equity firm Mad’a Investment Company, is the largest pre-series A investment in the kingdom’s healthtech sector this year, although a statement from the company did not disclose how much had been raised. Launched in 2017, Clinicy is a healthtech company which has developed a system to manage daily operations and automate bookings and appointments and its integration has reduced no-show rates by up…

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East Africa sees telehealth boom amid Covid-19 pandemic

AFRICA – 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. Babyl, the Rwandan arm of UK-based Babylon Healthcare Services, said daily consultations went from about 3,000 in March 2020 to more than 5,000 now. Rocket Health, a Ugandan provider, saw a 500 per cent increase in phone and video consultations in the…

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South Africa’s VitruvianMD raises over US$659 thousand to scale operations

SOUTH AFRICA – Vitruvian Medical Diagnostics, a South African e-health startup, has raised an upwards of US$659,000 (ZAR10 million) to ramp up its technology and launch more pilots. Founded last year, VitruvianMD combines biomedical engineering and state-of-the-art artificial intelligence (AI) to deliver affordable, high-accuracy diagnostic tools for medical laboratories, with a particular focus on servicing emerging markets. “The core of our business is delivering AI-powered diagnostic software into under-resourced areas, and to date we have built a platform that enables this in various fields of pathology. To further facilitate access,…

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Lafiya Telehealth unveils innovative electronic healthcare kits aimed at bolstering telehealth

NIGERIA – LaFiya TeleHealth, a Nigerian m-health startup with a mission to provide affordable healthcare access to the uninsured and underserved anytime and everywhere, has launched a new innovative medical health care point kit. This electronic kit will allow users to receive on-demand physical exams via live video chat with a doctor’s office using integrated medical exams devices. It also transmits test results to an electronic health record for easy real time monitoring. According to Tonye Mayomi, Head, Sales and Business Development at LaFiya, healthcare is about enhancing the quality…

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E-health startup app WiiQare disrupts health care services in eastern DR Congo

DR CONGO – WiiQare, an application created by Bienvenue Zigabe, is improving healthcare services by facilitating quicker access to medical services. “Wiiqare” helps patients pay for treatment and drugs using their savings or on credit. The application is already used by several residents of the city of Goma, in eastern DRC where there have been good reviews. “Our goal is for everyone to have access to health care. When you feel sick and you have to stay at home, you can go directly to a health service for appropriate care…

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