South African health-tech, Syked receives seed investment from HaloCare.

South African health-tech, Syked receives seed investment from HaloCare.

South African health-tech startup, Syked has received an undisclosed seed investment round from HaloCare, a managed care organization.

The fresh funds will enable the startup to scale operations across the country, widen its offering as well as build tech development teams.

Syked is an online health platform that gives virtual counseling sessions to clients in their homes via accredited video consultations. Patients get access to a database of qualified social workers, registered counselors, counseling psychologists, and clinical psychologists who support the patient with useful resources and guided tools.

Speaking on the investment, Founder, and CEO of Syked, Wandile Khumalo said,  “We are extremely excited to close this round as it allows us to grow our team and capture the telemedicine market. As a young health tech company, we’re looking forward to this new partnership as we now have access to ​HaloCare, a managed care organization that specializes in comprehensive disease management services. The partnership further enables us to leverage the group’s experience in servicing funders for the past 31 years​. We now look forward to rolling out more features and improving on our current offering.”

Syked is an alumnus from the French South African Tech Labs​(FSAT Labs), an early-stage business incubator that moves startups from concept to customer in its practical 6-month incubation program.

CEO of FSAT Labs, Renier Kriel also stated, “We are extremely proud of Wandile and the team as their hard work is being recognized by the industry. The online healthcare industry is bound to see massive growth in the coming years and Syked is perfectly positioned to capture this market. This funding will surely make them a dominant player in this growing industry.” 

Syked has seen massive growth in the past months due to the COVID-19 pandemic which has highlighted the need for telemedicine. Syked comes with a solution that helps patients so access counseling from practitioners without endangering their lives. 

The startup which was launched in 2019 has provided about 3000 paid sessions so far. Syked expects to position itself as a leader in the online counseling and coaching industry in South Africa.

 

 

Author

Tosin Agboola

Reporter with Ouut Africa.

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