Helium Health secures investment from Global Ventures, Tencent.
Helium Health, a health tech startup, has secured $10 million Series A investment from Dubai-based Global Ventures co-led by AAIC Japan.
Helium Health which is based in Nigeria is the largest health electronic media records platform in West Africa. Incorporated in 2016 as OneMedical, and later rebranded as Helium in 2017 after successful graduation from Y-Combinator.
The startup was founded in 2015 by three Nigerian entrepreneurs, Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora.
The health tech startup provides a comprehensive set of technology to ease healthcare delivery which includes, electronic medical records, telemedicine administration, and financial management.
Also, the health startup has received investment from China’s Tencent 0700.HK.
This comes after investors search for health-related startups due to the corona-virus outbreak
General Partner and founder at Global Ventures, Noor Sweid said, “Only 30% of hospital visits across Africa are recorded so it’s a massive need in the market”.
However, this is Global Ventures’ first investment in a health technology firm.
“Now what we are excited about is health tech. That for the next five years is what fin-tech was for last five years”, Sweid added.
The Dubai-based firm has 14 different investments in companies including fin-tech startups.
Nevertheless, other investors want to focus more on the healthcare sector.
The venture capital arm of Abu Dhabi state investor Mubadala, for instance, is planning to launch a healthcare fund in 2021 because of the increased demand for investment in life sciences and digital health technology.
Global Ventures is a growth-focused venture capital firm that invests in revenue-generating enterprise technology companies that can scale and create impact through creating massive employment opportunities in emerging markets.
Global venture, based in Dubai helps individuals behind companies to fuel their growth and success.
Tencent Holdings Ltd. is a Chinese multinational conglomerate holding company whose subsidiaries specialize in a variety of Internet-related services and products, entertainment, artificial intelligence, and technology both in China and across the globe.
The Chinese company was founded in 1998.