CarePoint, a healthcare startup has raised $10 million as it prepares to enter North and East Africa to continue its growth which is driven by mergers and acquisitions. The company recently entered Egypt, its fourth market in Africa, after Kenya, Nigeria, and Ghana.
The latest funding round was led by TRB Advisors and brings the total funding raised by CarePoint to $30 million. It follows an $18 million Series A round announced mid-November last year.
The startup is backed by five brands, including Sahe in Egypt, Meridian Health Group in Kenya, Rabito Clinic in Ghana and Nigeria’s Care Point, and Lilys Hospitals, all operating a total of 65 facilities.
Sangu Delle founded CarePoint after a lengthy career as an investor and CEO at Golden Palm Investments, a venture firm with an interest in early-stage opportunities in Africa, where he still serves as the chairman.
Patients are also able to access care virtually through CarePoint’s MyCareMobile app, which links them to diverse services through teleconferencing, including consultations with their doctors, test results, and 24-hour emergency response.
Delle said CarePoint will use part of the funding to build data science and AI teams to strengthen its technological resources, in addition to introducing new products.
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.”
Source: TechCrunch
