Business

Healthcare Startup, CarePoint Raises $10 Million in Series B Bridge Round

Healthcare startup, CarePoint has raised $10 million series B bridge round to accelerate its growth across Africa, and brings the total funding raised by CarePoint to $30 million.

The latest funding round follows a $18 million series A round announced mid-November last year.

Investors who took part in the funding round include TRB Advisors, Delle, Beyond Capital Ventures (BVC), Breyer Capital, M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman.

CarePoint says part of the funding will be used to build data science and AI teams to strengthen its technological resources, as well as introducing new products.

CarePoint is also in the process of setting up telemedicine centers in their facilities and building “micro-tech-enabled-clinics” targeting the masses. This will grow its portfolio beyond in-person visits. 

Patients are also able to access care virtually through CarePoint’s MyCareMobile app. The app links them to diverse services through teleconferencing, including consultations with doctors, test results and a 24-hour emergency response.

The startup is backed by five brands: 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.

The startup recently entered Egypt, its fourth market in Africa, after Kenya, Nigeria and Ghana. It is now eyeing North and East Africa, to continue its growth which is driven by mergers and acquisitions.

See Also:

TopUp Mama Raises $1.7m to Support African Restaurants


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