Tech in Africa
SA healthtech Quro Medical just secured US$1.1 million in a funding round led by Enza Capital and Mohau Equity partners. The hospital-at-home service was founded in 2018 by Dr. Vuyane Mhlomi, Rob Cornish, and Zikho Pali.
During the heightened waves of Covid-19, South Africa witnessed severe strains in health facilities across the most affected regions of Gauteng, Kwa-Zulu Natal, Eastern Cape, and Western Cape. The constraints arose due to overcapacity from excessive demand that places extreme strain on bed availability, affecting proper treatment and recovery of patients. Quro Medical seems to offer a solution to such kinds of problems by offering a “virtual hospital ward” at a much lower cost.
Quro Medical brings all essential elements of in-patient care to the residence of their patients in addition to much more than traditional home care or telemedicine. They also incorporate clinical data and offer remote healthcare monitoring. TechCrunch reports that Quro Medical now works with over 150 doctors.
Nairobi-based Enza Capital was formed in 2019 as a private venture capital firm that invests in early-stage Africa technology companies that deliver a positive impact. Enza Capital has also participated in funding rounds of companies such as Sendy, Tugende, and SeamlessHR.
Mohau Equity partners is a Cape Town-based mid-to-late stage investment firm, which made its first investment into Hydrax Biosciences back in 2019.
