CarePoint, a technology-driven healthcare startup, has raised $10 million bridge round to accelerate its growth across Africa, as it seeks to make healthcare accessible to the masses.
The latest funding round was led by TRB Advisors, and brings the total funding raised by CarePoint to $30 million. It follows a $18 million series A round announced mid-November last year. New and existing investors that took part in the bridge round include Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, who is Sixth Street Partners’ CEO.
CarePoint is a subsidiary of Africa Health Holdings, a leading pan-African health technology and management company with strong interests in developing and transforming healthcare companies across Sub-Saharan Africa.
The startup recently entered Egypt, its fourth market in Africa, after Kenya, Nigeria and Ghana. It is now eyeing North and East Africa, to continue its growth which is driven by mergers and acquisitions.
The startup is backed by five brands, including Sahe in Egypt, Meridian Health Group in Kenya, Rabito Clinic in Ghana and Nigeria’s Care Point, and Lilys Hospitals, all operating a total of 65 facilities.
The startup’s founder and CEO, Dr. Sangu Delle , had this to say, “We are in the process of process of setting up telemedicine centers in their facilities and building “micro-tech-enabled-clinics” targeting the masses. This will grow CarePoint‘s, formerly known as Africa Health Holdings, portfolio beyond in-person visits. The micro-clinics will have, at most, 12 employees, including a nurse. The patients will consult with doctors virtually. We are taking this route because we realized that as much as the mobile subscription in Africa is great and growing, if you look at it from an internet penetration perspective, so many people are still locked out because they cannot afford mobile data.”