Kenyan startup Ilara Health, which markets diagnostic equipment to clinics and hospitals in Africa, raised $3.75 million in a deal led by venture capitalist TLcom Capital.
The round also saw the participation of Dutch-based Dob Equity, Global Ventures, a venture capital firm focused on companies in emerging markets, and Chandaria Capital. The latter was already a shareholder of Ilara Health.
Ilara Health, which collaborates with more than 200 healthcare institutions in Kenya, plans to expand in this country and strengthen its technological capabilities. The start-up also plans to conquer another East African country by 2021.
“This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities,” said Emilian Popa, MD of Ilara Health.
“In just one year of operation, we have seen the incredible impact our Ilara Health platform has had in delivering improved services,” he said.
Supported by Shaka Ventures, and Villgro Kenya, the startup founded in 2019 and which aims to make its devices accessible to nearly 500 million people in Africa recently received financial support from major organizations such as the Bill & Melinda Gates Foundation.
Chamberline Moko
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
As work on the first phase of the Ahmed Sékou Touré International Airport expansion continues, Guinean authorities have announced their intention to move...
• Loulo-Gounkoto mine remains shut as Mali’s administrator seeks to restart it by selling stored gold• Barrick halted operations in January over export...
Hive Coega has officially entered its construction phase, with tenders now out for its core infrastructure. This milestone comes four years after the...
Côte d’Ivoire, the world’s leading cocoa producer, has set an ambitious target: to process 100% of its cocoa crop at the first stage by 2030. While the...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...