HELIUM HEALTH Closes $10M Series A, Drove By Dubai Investment Subsidize

The Nigerian startup offers a far-reaching set-up of innovation arrangements, including electronic clinical records and telemedicine, just as an organization and budgetary administration. Helium Health, a prominent human services innovation supplier in West Africa, has recently made sure about $10 million in speculation from a Series A financing round, co-drove by the UAE’s Global Ventures.

The venture round was likewise co-drove by the Africa Healthcare Masterfund (AAIC), alongside investment from China’s Tencent; Japan’s Ohara Pharmaceutical Co. Ltd; New York’s HOF Capital; Silicon Valley’s Y Combinator; VentureSouq in Dubai; and Nigeria’s Chrysalis Capital, Kairos Angels, and Flying Doctors Healthcare Investment Company.

TechCrunch reports that Global Ventures will take a Helium Health board seat following the round. “We are eager to join forces with Helium Health as the requirement for medicinal services the pandemic exacerbates information and incorporation in developing markets. Helium Health has the chance to tackle enormous issues through its product and help quicken social insurance openness,” said Noor Sweid, general accomplice at Global Ventures.

IT MATTERS

As per Helium Health’s site, the organization is set to initiate an “associated social insurance environment across Africa that streamlines wellbeing access, making it simple for patients to get the consideration they need when they need it.

“We are devoted to enabling all medicinal services partners with the significant information and apparatuses with which they can settle on educated choices and change worldwide wellbeing… to make world-class social insurance a reality for the six billion individuals in developing markets, and we’re resolved to convey this future.”

The startup will utilize the financing round to develop its existing client base in Nigeria, Ghana, and Liberia, to help venture into new markets in North and East Africa, and French West Africa this year. Nations are accounted for to incorporate Morocco, Kenya, Rwanda, and Uganda.

“Helium Health is developing its tech items suite past its lead offering, an electronic clinical records/medical clinic the board data framework (EMR/HMIS),” the startup said in its subsidizing declaration. “Expanding on its EMR/HMIS item, Helium Health is turning out recently created programming items for human services partners, suppliers, payers, patients, general wellbeing accomplices, governments, and contributor organizations.

Established in 2016 by Adegoke Olubusi, Dimeji Sofowora, and Tito Ovia, Helium Health has been fruitful in featuring the significance of healthtech in Africa. During the current health crisis, it has optimized its telemedicine arrangement, with around 360 emergency clinics joining in the three weeks since dispatch.

“This is the first run through [Africa’s elite] can’t jump on their stream and leave, so they need to go to the medical clinics we have. The framework was disregarded throughout the previous not many decades since individuals had that [previous] choice,” prime supporter and CEO Olubusi said in a meeting. “I’m trusting this coronavirus emergency will be a period that powers everybody to reexamine what we’re doing [on healthcare].”

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