AfyA Care’s Series A capital funding has included a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund.
The investment exemplifies CCA’s goal of supporting high-potential growth companies that may both have a good impact on communities and provide investors with long-term, attractive returns.
AfyA Care was founded in 2019 with a mission to improve access to and the cost of healthcare in Nigeria.
AfyA Care is developing vertically integrated healthcare institutions and optimizing delivery models that serve its target market segments by aggregating hospital capacity and demand. It targets low-mid and mid-high-end hospitals, health insurance, and health tech businesses.
AfyA Care is a healthcare organization that offers integrated healthcare services in Nigeria, such as hospital care, health insurance, and health technology services.
Tosin Runsewe, CEO of AfyA Care, remarks on the new cooperation with CCA: “We are pleased to announce our partnership with CardinalStone Capital Advisers. CCA has been crucial in gaining the money to increase capacity as well as in providing their experience to carry out the AfyA Care goal. We are thrilled to be working with a company that supports our mission to improve the future of healthcare in Nigeria and beyond. Our ambitions for expansion are underpinned by decades of experience across industries.
Health service providers including EROM Diagnostics, Octosoft (health tech), and Bastion HMO are currently managed by AfyA Care (health insurance).
Read more on Tech Gist Africa: