CarePoint, a tech-driven healthcare firm, has raised $10 million in a bridge round to help it expand across Africa and make healthcare more accessible to the general public.
The startup, which is presently operating in Nigeria, Kenya, Ghana, and Egypt, plans to expand to North and East Africa as part of its mergers and acquisitions strategy.
TRB Advisors led the current funding round, bringing CarePoint’s total funding raised to $30 million. It comes on the heels of a $18 million Series A financing announced in November of last year.
Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, CEO of Sixth Street Partners, were among the new and current investors in the bridge round.
Dr. Sangu Delle, the company’s founder and CEO, stated the company is in the process of establishing telemedicine centers in its facilities and constructing “micro-tech-enabled-clinics” for the general public. CarePoint, formerly known as Africa Health Holdings, will expand its portfolio beyond in-person visits as a result of this.
“At most, 12 people will work in the micro-clinics, including a nurse.” Patients will have virtual consultations with doctors. We’ve chosen this path because, while mobile subscriptions in Africa are high and expanding, many individuals are still unable to use the internet because they cannot afford mobile data,” said Delle.
“These clinics are a way of democratizing access and bringing high-quality healthcare closer to people while keeping it affordable,” he explained.
Patients can also get virtual treatment using the CarePoint MyCareMobile app, which connects them to a variety of services via teleconferencing, such as medical consultations, test results, and 24-hour emergency response. Sahe in Egypt, Meridian Health Group in Kenya, Rabito Clinic in Ghana, Care Point in Nigeria, and Lilys Hospitals, all of which operate 65 facilities, are among the startup’s backers.
