Finance

Nigerian Helium Health raises $7mln from two foreign investors

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

On the same topic
• Togo’s GDP grew 17.7% in Q4 2024• Agriculture, construction, services drove sharp year-end rebound• Electricity, hospitality, and public sector saw...
• Morocco’s Jobzyn secures pre-seed funding from pan-African fund Janngo Capital.• Startup uses AI to match candidates, assess soft skills, and streamline...
• Acumen rolls out second KawiSafi fund with $90 million capital, $40 million secured.• Fund targets 50 million people, avoiding 50 million...
Africa registered a 12% increase in international tourist arrivals in H1 2025, the highest global growth. North Africa and Sub-Saharan Africa...
Most Read
01

• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...

WAEMU fintech industry strengthens with two new BCEAO regulatory approvals
02

Zenith Bank picks Côte d’Ivoire for $90M debut into Francophone Africa, confirming ambition t...

Zenith Bank Moves to the WAEMU/CEMAC  $92.4 Billion Loan Book Appeal, When Half Seats Are Taken
03

Niger’s economy grew 10.3% in 2024 and is projected to expand 6.6% in 2025. Yet non-performin...

Niger’s rapid growth shadowed by fragile banking sector
04

Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...

In Nigerian, Bank Technology Failures Pushed OPay and PalmPay to Leadership in Daily Payments
05

Ghana is merging loss-making AT Ghana with Telecel to create a stronger rival to dominant MTN. ...

Ghana Government Pushes Telecel–AT Merger to Revive AirtelTigo Investment, as MTN Maintains Market Dominance
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.