Ghanaian health tech startup, CarePoint, has today announced that it has secured $10 million in a TRB Advisors-led bridge round with participation from Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, to scale across Africa.
This round brings the total funding raised by the health tech startup to $30 million. CarePoint, formerly known as Africa Health Holdings, is a digital health provider powering operations for medical assets across Africa through AI and telemedicine solutions.
The startup currently operates in four markets in the continent (Egypt Kenya, Nigeria, and Ghana) and is now considering North and East Africa, to continue its growth plan which is mostly through mergers and acquisitions.
Dr. Sangu Delle, founder and CEO of CarePoint confirming the round in a statement, said “We are in the process of setting up telemedicine centers in our facilities and building micro-tech-enabled-clinics targeting the masses.”
“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,” Delle explained.
“These clinics are a way of democratizing access, and taking quality healthcare closer to the people, while making it affordable to them too,” he added.
The Accra headquartered health tech startup was founded by Sangu Delle in 2017. It currently enjoys the backing of five solid brands, including Egypt’s Sahe, Kenya’s Meridian Health Group, Rabito Clinic in Ghana and Nigeria’s Care Point, and Lilys Hospitals, all operating a total of 65 facilities.
The fund will be utilized to build data science and AI teams, as well as introduce new products to add to its offerings which include seamless access to virtual care through its mobile App, MyCareMobile App which links patients to diverse services through teleconferencing, including consultations with their doctors, test results and 24-hour emergency response.
Reacting to the round, Eva Yazhari, a general partner at BVC, said “CarePoint is at the forefront of creating solutions through its three core pillars of a scaled network of healthcare facilities, a strong technology backbone, and patient-centered care highlighted by the first Africa-focused healthcare data repository.”
“Beyond Capital Ventures is excited to participate in CarePoint’s Series B bridge round and will work with Dr. Sangu Delle to scale an emerging technology-driven healthcare system in Africa. CarePoint is capturing demographic shifts to transform Africa into the next frontier for healthcare and transform health outcomes,” Yazhari added.