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
-
Liebherr in a New South Africa's Deal with Green Port Contract after 2023 Corruption Settlement
05:13
-
Nigeria Powers Up Solar Revolution in Africa with 2 Million Panels, 1 GW Annual Manufacturing Hub
04:05
-
Cameroon’s Projected $4.9B Alcohol Market in 2025 Faces Informal Sector Safety Risks
03:54
-
ITU: 5G Accounts for Just 1.2% of Sub-Saharan African Mobile Connections
19:41
-
Watu Brings in Metier to Expand Mobility and Digital Lending in Africa
18:43
-
Cameroon’s industry shows resilience 2018–2025 despite structural hurdles
16:32
-
Yaoundé Cœur de ville project to carry on past elections, mayor confirms
16:16
-
Banana-Plantain Festival: Driving Domestic Demand for a Key Export Crop
14:54
-
Togo Highlights Role of Intellectual Property in Driving Growth
19:38
-
Togo Ramps Up Preparations for COP30 in Brazil
18:39
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...
Liebherr comeback: German-Swiss group wins 10-year crane contract with Transnet after 2023 corruption settlement. Green focus: Hybrid and...
Nigeria launches 1 GW solar plant to produce 2 million panels a year, aiming to cut $600 million in annual imports. The factory is expected to...
5G penetration in Sub-Saharan Africa stands at 1.2% despite $28 billion in operator investments over five years. High smartphone and data plan...
Mombasa's commuter train service resumed on September 17, 2025, after modernization. The expanded 16.6 km line connects Mombasa's main district and...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...