CarePoint, a technology-driven healthcare startup, has secured a $10 million bridge round to accelerate its growth across Africa as it strives to make healthcare more accessible to the general public.
The startup, which is now present in Nigeria, Kenya, Ghana, and Egypt, intends to expand to North and East Africa in order to continue its growth through mergers and acquisitions.
TRB Advisors led the current fundraising round, bringing CarePoint’s total capital to $30 million. It comes on the heels of a $18 million Series A financing announced in mid-November of last year.
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Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, CEO of Sixth Street Partners, are among the new and old investors who participated in the bridge round.
Dr. Sangu Delle, the startup’s founder and CEO, stated that they are in the process of establishing telemedicine centers in their facilities and constructing “micro-tech-enabled-clinics” aimed at the general public. This will broaden the offering of CarePoint, formerly known as Africa Health Holdings, beyond in-person visits.
“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,” said Delle.
“These clinics are a way of democratizing access and taking quality healthcare closer to the people while making it affordable to them too,” he said.
Patients can also get care remotely through CarePoint’s MyCareMobile app, which connects them to numerous services via teleconferencing, such as medical consultations, test results, and 24-hour emergency response. The firm is sponsored by five brands, including Sahe in Egypt, Meridian Health Group in Kenya, Rabito Clinic in Ghana, Care Point in Nigeria, and Lilys Hospitals, who collectively operate 65 locations.
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. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh