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
-
Togo Secures New $60.5M Disbursement from IMF
03:19
-
Talenteo Streamlines HR and Payroll for Algeria’s SMEs
18:53
-
Huawei contemplates phone factory for rural areas in Mozambique
18:24
-
With Zerone AnalytiQs, Abby A. Aidoo Expands Data Access in Africa
18:04
-
Djibouti Introduces Digital Code to Structure its Digital Ecosystem
17:57
-
Zambia Leverages Solar Energy to Ease Power Supply Issues in Mining Sector
17:52
-
Mauritania Secures $30 Million AfDB Funding to Boost SMEs, Employment
16:55
-
Social Media and Mental Health: Africa Faces New Challenges
15:25
-
Togolese Banks Boost Loans to CFA286 Billion, Up 19% in Q1
13:14
-
Togo’s Soybean Sector Targets 500,000 Tons Production by 2026
11:29
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Mozambican government and Huawei considering the construction of a local mobile phone factory catered to rural needs • Special features for rural...
• Djibouti adopts new digital code to accelerate digital transformation, with focus on data protection, cybersecurity, and e-commerce. • The move aligns...
• Record drought tests Zambia's dependence on hydropower, impacting its vital mining industry • Adoption of dedicated solar projects, such as the recent...
• The African Development Bank (AfDB) has approved €25.5 million in funding to boost Mauritanian SMEs and stimulate inclusive growth.• Mauritania’s...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...