Tellingly, health startups are tapping into the windows of opportunities from the global health challenge being faced across the world to make their impacts. To this end, series of health tech startups are creating avenues to push their products into a market already disheveled from the ravaging Covid-19 disease thus willing to promote health related businesses. This is the driver behind Dubai-based Global Ventures co-leading a $7 million investment with AAIC Japan in Helium Health, West Africa’s largest electronic medical records provider, as investors scour for health-related startups amid the coronavirus outbreak.

The Lagos-based startup also received investment from China’s Tencent, Noor Sweid, general partner and founder at Global Ventures. “Only 30% of hospital visits across Africa are recorded so it’s a massive need in the market,” she said. This is Global Ventures’ first investment in a health technology firm. The Dubai-based firm has 14 different investments in companies including fintech startups. “Now what we are excited about is health tech. That for the next five years is what fintech was for last five years,” Sweid said. Other investors are also eyeing the healthcare sector. The venture capital arm of Abu Dhabi state investor Mubadala plans to launch a healthcare fund next year to tap into increased demand for investment in life sciences and digital health technology following the coronavirus outbreak.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry