Nigeria’s health startup, Helium Health, has raised $10 million (KSh1 Billion) in its series A round of funding.
Investors who took part in the round of funding include Global Ventures, Africa Healthcare Masterfund, Tencent, Y-Combinator, Asia Africa Investment & Consulting (AAIC), Ohara Pharmaceutical Co, HOF Capital, VentureSouq, Chrysalis Capital, Kairos Angels, and Flying Doctors Healthcare Investment Company.
According to the startup, they will use the funding to hire more staff and expand to North and East Africa. some of the countries they plan to set up in are; Kenya, Rwanda, Uganda, and Morocco. Currently, it is only operational in Nigeria, Ghana, and Liberia.
Furthermore, they are developing new products including:
- Helium Teleclinic: allows hospitals to have televisits with their patients
- HeliumPay: a billing and payments platform
- Helium CareCredit: a provider-financing product
- Helium Cover: an enrollee, tariff and claims management product
- MyHelium Patient Superapp: an app that helps healthcare facilities manage patient engagement and retention
Helium Health is a Nigerian based startup that offers a product suit that digitizes data, formalizes monetization and enables telemedicine for health care systems in Nigeria, Liberia, and Ghana. Founded in 2016, it offers tech solutions and developer resources for administration, medical records and financial management.
According to data from Briter Bridges, a tech ecosystem data consultancy, Venture funding in the first quarter of 2020 for African startups has reached $350 million. South Africa, Nigeria, Kenya, and Egypt topped the funding charts.