CarePoint, a Pan-African healthtech startup, has secured a $10 million bridge funding to facilitate its efforts to make healthcare accessible to Africans.
The new funding round was led by TRB Advisors, and brings the total funding raised by CarePoint to $30 million. It follows its recent $18 million series A round.
New and existing investors that took part in the bridge round include Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman.
CarePoint, formerly known as Africa Health Holdings, was founded by Sungu Delle in 2017. The startup had operations in Kenya, Nigeria, Ghana and Egypt. It is now eyeing North and East Africa, to continue its growth which is driven by mergers and acquisitions. It currently operates five brands including Sahe in Egypt, Meridian Health Group in Kenya, Rabito Clinic in Ghana and Nigeria’s Care Point, and Lilys Hospitals, all operating a total of 65 facilities.
The startup is in the process of setting up telemedicine centers in their facilities and building “micro-tech-enabled-clinics” targeting the Africans. This move according to the firm will grow CarePoint‘s portfolio beyond in-person visits.
On what the new investment will be used for, CEO Sungu Delle said it will go into building data science and AI teams to strengthen its technological resources.
Comments
Sungu Delle, CEO CarePoint
The micro-clinics will have, at most, 12 employees, including a nurse. The patients will consult with doctors virtually. We are taking this route because we realized that as much as the mobile subscription in Africa is great and growing, if you look at it from an internet penetration perspective, so many people are still locked out because they cannot afford mobile data.
These clinics are a way of democratizing access, and taking quality healthcare closer to the people, while making it affordable to them too.
Eva Yazhari, a general partner at BVC
CarePoint is at the forefront of creating solutions through its three core pillars of a scaled network of healthcare facilities, a strong technology backbone, and patient-centered care highlighted by the first Africa-focused healthcare data repository.
Beyond Capital Ventures is excited to participate in CarePoint’s Series B bridge round, and will work with Dr. Sangu Delle to scale an emerging technology-driven healthcare system in Africa… CarePoint is capturing demographic shifts to transform Africa into the next frontier for healthcare and transform health outcomes.
