Kenyan Startup Ilara Health raised $3.75 million in a Series A funding round led by TLcom Capital to drive its expansion across the continent. Other investors like DOB Equity, Global Ventures and Chandaria Capital also participated in the round.
The recent funding follows a previous $1.1 million grant from Bill & Melinda Gates Foundation in addition to joining MIT Solve’s fourth cohort of Solvers earlier in the year. A report by Technext says the startup has raised over $5.5 million.
According to the startup’s CEO, the fresh finances from the round will help further the company’s plan to expand across East Africa in the next 12 months.
“This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities,” says Emilia Popa, Ilara Health CEO and Cofounder the startup provides affordable diagnostic equipment in rural areas, partnering with over 200 clinics in Nairobi and Kisumu to narrow the diagnostic gap in Sub-Saharan Africa.
Ido Sum, a partner at TLcom expressed the need to improve the quality of health in the continent, lauding Ilara Health’s tech based solution.
“We are excited about what Ilara Health was able to build in such a short time, and more so about their wider vision of combining world class technologies, financing, and their own tech layer to bring true value to medical professionals and patients at the clinics visited by the majority of the population. Ilara Health very much represents the companies we like to partner with the most: solving a true, and large African problem, using tech to achieve scale and bringing clear and very tangible value to its clients.”
