Nigeria-based health technology and data-driven company, Helium Health, has secured $10m in Series-A financing round.
The healthcare technology provider stated, “Global Ventures and Africa Healthcare Masterfund co-led the investment round with participation from Tencent, Ohara Pharmaceutical, HOF Capital, Y Combinator, VentureSouq, Chrysalis Capital, Kairos Angels and Flying Doctors Healthcare Investment Company.”
The health tech firm seeks to deploy the secured funds into expanding its market in North and East Africa as well as Francophone parts of West Africa, in addition to its growing customer base in Nigeria, Ghana and Liberia in the current year.
The statement added, “Helium Health is growing its tech products suite beyond its flagship offering, an Electronic Medical Records/Hospital Management Information System.”
Co-founder and Chief Executive Officer, Helium Health, Adegoke Olubisi, said the company “is poised to build the technology infrastructure to connect a fragmented healthcare sector and power the delivery of quality, affordable, comprehensive care across the continent,” while also acknowledging that “now is the time for the continent to build a modern and digitised healthcare system.”
Founded in 2016, the provider of full-service technology solutions headquartered in Lagos is a profitable venture, which, according to Olubisi, generates revenues in millions of dollars.