Pioneer South African disruptive health-tech firm LifeQ obtains new investment from Nedbank

South Africa – Nedbank Corporate and Investment Bank (CIB) has invested in a minority equity interest in LifeQ Global, a disruptive health-tech innovator and provider of biometrics and health information derived from wearable devices. Last week, life insurer and financial services provider 1Life, LifeQ and Samsung SA joined forces to launch the LifeQ COVID-19 app. The launch came at a time when some South African provinces were already in the throes of the COVID-19 third wave, with Gauteng experiencing a greater surge than the rest of the country. Nedbank says…

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Biometrics and Health Information Pioneer LifeQ secures US$47m investment funding

SOUTH AFRICA – LifeQ, a provider of biometrics and health insights, has raised US$47 million in a Series A funding round led by One Bio Venture Studio, a Cape Town-based VC. With the funds received, LifeQ will enable hospitals and physicians to develop remote monitoring as well as the consumer-device monitoring. The biotech’s startup’s first remote patient monitoring solution will be channeled at both hospitals and general applications near the end of this year. The services offered will enable hospitals track vitals such as heart rate and breathing rate in wards beyond…

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