TRB Advisors led a $10 million bridge round for Africa-based healthcare startup CarePoint, with participation from Breyer Capital, Beyond Capital Ventures (BVC), M3 Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman.
Dr. Sangu Delle launched CarePoint, which was previously known as Africa Health Holdings.
“We began looking at healthcare because we knew that any socioeconomic development would need us to address healthcare issues as well.” To put it in perspective, we (Africa) account for around 16% of the global population, 26% of the global disease burden, but only 3% of global healthcare employees and 1% of global healthcare resources. “We need to close the deficit quickly or we’ll be in serious trouble,” Delle remarked.
CarePoint will utilize some of the funds to expand its data science and artificial intelligence teams, as well as introduce new products, according to Delle. “Based on our thesis and pilot, we believe we can leverage technology to democratize access and increase the quality of care,” Delle continued. To continue its expansion, the firm has recently entered Egypt and is planning to expand to North and East Africa.
Read more on Tech Gist Africa:
Interswitch, an African payments company, secures a $110 million investment
TopUp Mama, a Kenyan startup, earns $1.7 million in a seed round
TooMuchWifi, a South African startup, has raised $1 million in a pre-series A funding round