Benson T
Nigerian health tech startup Helium Health has completed its Series A financing round, raising $10 million.
The firm, which provides an electronic medical records service, has confirmed it secured the investment from several VC firms. According to the startup, the financing round was led by Dubai-based Global Ventures and Asia Africa Investment & Consulting (AAIC), which manages Africa Healthcare Masterfund.
Other participants in the funding round were Chinese tech giant Tencent, U.S firm Y Combinator, Flying Doctors Healthcare Investment Company, Ohara Pharmaceutical Co. Ltd, Chrysalis Capital, and Kairo Angels.
The startup’s overall VC funding now comes to $12.12 million.
Helium Health was co-founded by three Nigerian tech entrepreneurs in 2016, rebranding to its current name from One Medical. The company’s founders are Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora.
At its launch, Helium Health offered an EMR system that sought to bring automation to the healthcare industry. The startup has revamped its technology and now markets itself as the go-to technology for hospitals as well as individuals. The system can handle doctor’s visits, prescriptions, and billing.
The company has widened its reach to encompass 107 hospitals and 5,000 doctors across West Africa. The firm also manages 300 medical facilities in the region. The number of patients it manages now stands at over 165,000 every month.
The $10 million investment is set to help the startup add to its team as well as expand to other African regions, including getting into Kenya, Morocco, and Rwanda among other countries.
