YeneHealth, a FemTech startup based in Ethiopia, has recently secured a pre-seed investment from The Case for Her, a Swedish-based women’s health investment fund. Although the amount of funding has not been disclosed, it will aid YeneHealth in their goal to advance sexual and reproductive health services and provide accessible, confidential, convenient, and personalized healthcare to women. With this investment, YeneHealth aims to expand its reach and enhance its product offerings.
The company, which launched its MVP seven months ago, offers a range of services, including menstrual, pregnancy, and medicine tracking, a women-centered e-pharmacy with discreet ordering and delivery/pickup, telemedicine, and culturally responsive resources and educational content. YeneHealth was founded by Kidist Tesfaye to address various needs in women’s reproductive health and provide adolescent girls with the necessary tools and information to achieve bodily agency. The YeneHealth web and mobile app is multilingual and offers users a personalized experience with various control and support features.
In a statement, Kidist Tesfaye, Founder and CEO of YeneHealth, said, “The Case for Her is one of the biggest players in women’s health globally, and the funding we raised is part of our pre-seed round. We will be raising more funding.” The Case for Her has helped fund 34 other women’s health companies and believes that YeneHealth, with its digital solution in menstrual health and sexual and reproductive health and rights, has the potential for real impact in Ethiopia.
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“The Case for Her is excited to support and proud to have YeneHealth join our portfolio,” said the investment fund in a statement. “We are thrilled to work hand-in-hand with The Case for Her to fuel our mission of revolutionizing healthcare through leveraging technology. We are one step closer to bringing accessible, confidential, convenient, and personalized healthcare to millions of African women,” added Kidist.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard