Rwandan Health-tech Startup, Viebeg Technologies, Secures Pre-seed Funding
Rwanda-based health-tech startup using an innovative data-driven procurement platform to offer high-quality medical supplies and equipment throughout Central and East Africa, Viebeg Technologies, has announced it raised an undisclosed amount in a pre-seed funding round.
The pre-seed funding round was led by Beyond Capital Ventures. Eckenstein Geigy Stiftung and Eva Yazhari also participated in the round.
Viebeg Technologies was founded in 2018 by Tobias Reiter. The startup was created to reduce medical equipment and supply shortages and unaffordability which are recurring sources of exclusionary and poor-quality care in low-income Africa.
Using its data-driven logistics platform, which includes shipping, warehousing, last-mile distribution, and inventory management, Viebeg enables healthcare facilities to better manage procurement, ensuring that they have the necessary types and quantities of medical supplies to accelerate treatment.
Viebe’s Chief Executive Officer Tobias Reiter speaking said: “As AI enthusiasts and entrepreneurs, Alex and I became aware of the shortage of quality in-time medical supply in Africa and its consequences, namely millions of casualties per year.
“Seeing the immense potential of technology in solving this tragic problem, our company was born”.
Eva Yazhari, Beyond Capital Ventures General Partner speaking on the investment said that it was largely influenced by Viebeg’s relative momentum over time. Since its inception in 2018, Viebeg has been able to scale its services in Burundi and the Democratic Republic of the Congo, and serving over 410 customers in the process.
“We are excited to partner with Tobias and Alex and are impressed by their deep commitment to improving the quality of healthcare for underserved populations.
“The Viebeg team has demonstrated resilience, agility, and the ability to successfully execute in challenging market conditions. I could not think of a better example of the type of company Beyond Capital Ventures will invest in” said Eva.