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
-
Canadian Miner Newcore Raises $7.5M to Advance Ghana Gold Project Toward Pre-Feasibility Study
11:18
-
Algeria’s Djezzy expands 5G coverage to 18 provinces
10:42
-
Nigeria: Abuja Utility in Talks to Secure Power From NNPC’s 350-MW Plant
10:28
-
BGFI IPO Draws Investors From 24 Countries in First Multinational Listing on CEMAC Exchange
10:12
-
Import Substitution: Local Initiative Urges Artisan Bakeries to Prioritise Homegrown Flour, Slash Wheat Import Bill
08:43
-
Cameroon Approves Kribi Canoe Project Under Import-Substitution Plan
08:11
-
Kribi KPIZ Seen Lifting Cameroon’s Growth by 5-8 Points, Adding 150,000 Jobs
08:08
-
Finance Ministry Launches Budget Training Centre to Strengthen Fiscal Governance
07:23
-
Guinean Start-Up Fifoow Targets Informal Trade With Digital Marketplace
18:08
-
Ghana Finalizes AI Roadmap With Focus on Data and Skills
17:56
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Newcore Gold raises C$10.3 million via warrant exercises Funds to advance Enchi project pre-feasibility study Enchi hosts 1.7 million ounces in...
Djezzy expands 5G coverage to 18 Algerian provinces Operator says 5G offers speeds ten times faster than 4G Rollout targets rising demand for...
AEDC in talks to buy power from 350-MW NNPC plant Deal aims to boost electricity supply in Abuja area National output falls to 4,300 MW amid gas...
Lumitel signs $10 million deal to expand rural broadband World Bank, Lumitel fund 2G, 4G rollout in 86 hills Project targets 400,000...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...