Nigerian Healthtech Startup, Helium Health, Raises $10m in Series A Funding
by TechPoint 2020-05-08
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source: Helium Health

Nigerian electronic medical records startup, Helium Health, has announced the conclusion of its Series A round of $10 million.

The round was co-led by Asia Africa Investment & Consulting (AAIC) and Dubai-based, MENA-focused Global Ventures. Also, in participation is US-based accelerator, Y Combinator and Tencent who participated in the startup's $2 million seed round in 2017.

Other investors include Ohara Pharmaceutical Co. Ltd, HOF Capital, VentureSouq, Chrysalis Capital, Kairos Angels, and Flying Doctors Healthcare Investment Company.

Founded in 2016 by Tito Ovia, Adegoke Olubusi, and Dimeji Sofowora, Helium Health, formerly known as One Medical, started as an EMR system that eliminates paper records in healthcare facilities along with the risks associated with them through a line of automated processes.

“Helium Health has the largest reach across West Africa with 5,000 doctors in 107 hospitals handling over 150,000 patients visit monthly. With our reach, we are further able to upsell new product offerings to current customers,” CEO, Olubusi said.

The four-year-old healthtech startup has also increased the number of medical facilities it currently operates to over 300 which includes names like Garki Hospital, Abuja and Paelon Memorial Hospital.

Managing over 165,000 patients monthly, Helium Health offers an all-in-one electronic enterprise manager to hospitals that take care of doctor’s visits, medical billing, and prescriptions but has since expanded its offerings to cover individual stakeholders including providers, patients, payers, and partners.

According to the startup, the investment will be used to expand its team and scale to North, East and Francophone Africa this year with Kenya, Morocco, Rwanda, and Uganda in mind.

It will also use the funding to create more products — Helium Teleclinic, HeliumPay, Helium Cover, Helium CareCredit, and MyHelium Patient Superapp — to make the doctor-patient experience more seamless.

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