Nigerian Helium Health raises $7mln from two foreign investors
Friday, 01 May 2020 13:50
Nigeria-based health tech startup Helium Health has successfully raised $7 million in equity investment from two foreign investors.
One of them is Dubai-based venture firm Global Ventures which, with this co-investment, is making its first interest acquisition in the health tech segment in emerging countries. The second contributor is Singaporean Asia Africa Investment and Consulting.
The provided resources will finance the deployment of tech solutions and tools for health workers. To help fight the current coronavirus pandemic, Helium Health has developed telemedicine tools that are aimed at facilitating access to information and analyze results for covid-19 patients.
According to Noor Sweid, partner at Global Ventures, the health tech sector will be of great interest for investors over the next five years, just like “fintech was for the last five years.”
Helium Health is co-founded by three young Nigerian entrepreneurs. The company launched operations in 2016 and aims to accelerate Africa's transition into technology and data-driven healthcare sector.
Chamberline Moko
Live News
-
MTN Cameroon Reports 20.4% Revenue Growth in First Nine Months of 2025
07:55
-
Gabon Unveils $180 Million Forest Protection Plan
07:25
-
Nigeria Faces Renewed Smuggling Wave as Rice Stocks Build in Benin
07:22
-
Ivanhoe Begins Production at South Africa’s Platreef Mine
07:19
-
Togo Outlines AI Strategy Centered on Education and Regional Data Governance
20:36
-
Togo Advances Digital ID Program With New Enrollment Phase in Maritime Region
20:33
-
Morocco to Build Renewable-Powered Data Center and AI Institute in Dakhla
20:19
-
Senegal Orders Municipalities to Adopt Secure, State-Approved System for Citizen Data
20:09
-
Yves Kalonda Expands DRC’s E-Commerce Options With New Platform Yoteh
20:00
-
Ezedin Kamil Builds Digital Platforms for Ethiopia’s Growing Online Market
19:54
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...
MTN Cameroon generated 9.87 billion rand (CFA321 billion) in revenue in the first nine months of 2025, up 20.4% year-on-year. The subsidiary...
Gabon launched a $180 million, 10-year conservation plan to protect 34,000 km² of tropical forests. The “Gabon Infini” program will raise...
Nigeria’s rice processors face heavy pressure as large volumes of imported white rice enter the country through Benin. Kiara Rice Mills operates...
Ivanhoe Mines produced first concentrate at Platreef on Nov. 18, marking the official start of Phase 1 operations. Phase 1 will produce 100,000...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...