Nigeria-based healthtech startup Helium Health has secured $10 million in Series A funding round to fuel its expansion plans, the media reported.
The funding will be used by Helium Health to bolster its position in existing markets as well as venture into new ones. It currently operates in Nigeria, Ghana, and Liberia. Reportedly, the startup wants to expand to North and East Africa, including Kenya, Rwanda, Uganda and Morocco.
The funding round for Helium Health was led by Global Ventures and Asia Africa Investment & Consulting (AAIC). Other investors that participated in the funding round include Tencent, Ohara Pharmaceutical Co, HOF Capital, Y Combinator, VentureSouq, Chrysalis Capital, Kairos Angels, and Flying Doctors Healthcare Investment Company.
Adegoke Olubusi, co-founder and chief executive officer (CEO) of Helium Health told the media, “We started out with taking hospitals digital but our vision has always been bigger. We’re building the technology infrastructure to connect a fragmented healthcare sector and power the delivery of quality, affordable, comprehensive care across the continent.”
“The devastating impact of the pandemic is a humbling reminder of how critical responsive and agile health systems are to our collective wellbeing. Only data and technology can produce the required responsiveness and agility to tackle health challenges of this magnitude. It has never been more imperative for Africa to build a modern and digitised healthcare system.”
Co-founded in 2016 by Dimeji Sofowora, Adegoke Olubusi, and Tito Ovia, Helium Health takes hospitals and clinics instantly digital with its flagship Electronic Medical Records/Hospital Management Information System (EMR/HMIS) product, the most widely used such solution in West Africa.