Kenya’s MyHealth Africa Raises KES 123M for Expansion in Asia, Middle East

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 Kenya’s integrated healthcare platform, MyHealth Africa has revealed that it has closed a seed funding of USD 1 million. The investment will help the firm, which connects patients with local and international health specialists and hospitals, expand its services beyond Kenya.

The startup was launched more than five years ago. Its main goal is to address and alleviate health inefficiencies, including improving below-par services and developing better patient care in the market.

MyHealth Africa reports it has facilitated approximately 26K medical visits.

It has also onboarded more than 1500 medical professionals, clinics, and hospitals in its current markets.

The fund was led by the GIIG Africa Fund, Additional participants are Samurai VC, a family office, and existing shareholders.

As said, the funds will see MyHealth enter new markets in the continent, as well as in the Middle East and Asia. These developments will be done in 2023.

Quotes

“We are very excited to welcome GIIG Africa to our cohort of investors, alongside Samurai VC and other investors. The capital raised during this period will be used to help us expand across Africa, the Middle East, and South Asia as we take the company a step closer to our goal of transforming the way that patients in the world-over access specialized healthcare services. The future of health tech in Africa and emerging markets is bright, and we are excited to be at the forefront, paving the way to quality healthcare services in the region and beyond,” said Ryan Marincowitz, founder and CEO of MyHealth Africa.

“Across the continent, we have seen over the past few years how technology and innovation are having a real impact on the health and wellness of Africans,” said the co-founder of GIIG Africa, Philip Baldwin. “When we first encountered MyHealth Africa during the last season of GSA Africa, we became engrossed in learning how this startup was revolutionizing the East African healthcare landscape. And today, we could not be more pleased to announce our formal partnership in helping take the MyHealth Africa solution to the world.”

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Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]