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
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
-
Cameroon’s Social Housing Program Falls Short of Initial Targets
20:10
-
Cameroon Customs IT Operator Campass Replaces Chairman After Governance Dispute
20:08
-
Cameroon’s Jan 2026 Inflation Eases to 3.1% but Remains Above CEMAC Ceiling
20:06
-
DRC Formalizes Partnership With UNOPS on Infrastructure Cooperation
19:51
-
Namibia and Botswana Sign Deal to Develop Cross-Border Digital Corridor
18:21
-
Egypt Tops 9 GW of Renewables, Lines Up 18 GW More
18:15
-
Interpol Arrests 651 Suspects in Massive African Cybercrime Crackdown
17:48
-
Flextock Secures Funding to Expand On-Demand Warehousing in Saudi Arabia, UAE
17:44
-
Orange Says Digital Shift Boosts Competitiveness for Ivorian Firms
17:40
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
South Africa will remove transmission control from Eskom and create a separate public grid operato...
DRC, UNOPS sign infrastructure cooperation memorandum in Kinshasa Agreement covers development, skills transfer, strategic coordination,...
MTC Namibia and Botswana Fibre Networks (BoFiNet) signed a memorandum of understanding to expand cross-border fibre connectivity. The partnership...
Egypt reached 9.1 GW of installed renewable capacity in fiscal Q2 2025/2026, up from 8.6 GW a year earlier. Solar and wind accounted for more than...
Supreme Court rules 6–3: IEEPA does not authorise the President to impose tariffs. Constitutional principle upheld: taxing power belongs exclusively to...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...