Thursday, July 29, 2021
Home Startups Kenyan healthtech startup, Ilara Health, raises $3.75m Series A led by TLcom...

Kenyan healthtech startup, Ilara Health, raises $3.75m Series A led by TLcom Capital

Kenyan healthtech startup, Ilara Health, has raised $3.75 million in Series A investment to expand its diagnostic reach across Africa.

The Series A round was led by Lagos, London, and Nairobi-based VC firm, TLcom Capital. Dutch-based and East Africa-focused investment firm DOB Equity; Nairobi-based VC Fund, Chandaria Capital; and Global Ventures also participated.

This comes after the East African startup received a $1.1 million grant from the Bill & Melinda Gates Foundation two months ago. Before that, it secured $735k seed investment last year.

In addition to expanding its diagnostic reach across Africa, Ilara Health will use the funding to accelerate the development of its integrated patient health management platform.Advertisement

Towards making medical diagnosis available and affordable to healthcare facilities in Kenya, irrespective of their sizes and location, Ilara Health is providing tech-powered diagnostic and medical equipment.

The startup sources this equipment at affordable prices and make them available to healthcare facilities who then pay for them over a period of time. Beyond making the devices available, Ilara Health bundles the devices and integrates them via a proprietary technology platform.

According to Emilian Popa, co-founder and CEO, the investment is important to Ilara Health’s expansion plans and providing inclusive healthcare to Africans.

“This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities.

In just one year of operation, we have seen the incredible impact our Ilara Health platform has had in delivering improved services across maternal, metabolic, cardiovascular, and infectious disease care,” he said.

When Popa spoke to us last year, he said the startup’s vision was to make diagnostics more affordable to over 500 million Africans. With this raise and subsequent expansion, Ilara Health seems to be making steady plans to achieve that.

Emilian Popa, Ilara Health co-founder an CEO

The one-year-old startup has already partnered with over 200 facilities across wider Nairobi and Kisumu. This number is up from 15 at the start of the year. Similarly, the startup will look to expand across wider Kenya and a new East African market within the next 12 months.Advertisementhttps://ee14b3f4727c720e6bd921139616979d.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html

That being said, here’s what Ido Sum, partner at TLCom, had this to say of the investment.

“We have been following the underserved health space in Africa for quite some time. While this is one of the areas on which Africans consumers spend the most, the quality of health outcomes needs to improve. The challenge of bringing affordable and high-quality diagnostics to the actual points of care is yet to be solved.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

This US-based early-stage fund wants to invest $5m in African startups

In the first half of this year, investments in African startups have risen back to pre-covid levels. While there’s more excitement about...

South Africa’s Yoco raises $83m to extend digital payments to 1 million SMEs

South African payments and software platform, Yoco, has secured $83 million in Series C funding, bringing the total funds raised to date...

Ecobank and Microsoft want to prepare more African SMEs to be digital businesses

In Africa, two things are expediting the adoption of online business models; the covid-19 effect and the mobile phone penetration. 

The Top African Regions Set to Become Startup and Investment Hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem,...

Recent Comments

Obunseh patrick chukwuma. on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020