Integrated Healthcare Platform Sees Rapid Growth with $1.3 Million Raised So Far
Kenya-based MyHealth Africa, a revolutionary integrated healthcare platform, has secured $1 million seed funding in a round led by GIIG Africa Fund, with participation from Japanese-based Samurai VC, a family office, and existing investors. This brings the total amount raised by the startup to $1.3 million, following its pre-seed funding last year.
Top HealthTech Startup Award Fuels Expansion Plans
The new funding follows MyHealth Africa’s clinching of the Top HealthTech Startup in Africa award from the Global Startup Awards (GSA) Africa in June this year. The GSA Africa is an exclusive vehicle for the GIIG Africa Fund to find, fund, and scale innovative startups on the continent.
Expansion Plans Across Africa and Beyond
The growth plan comes as MyHealth Africa aims to rapidly expand across Africa and plans to launch two new regions next year, including the Middle East and South Asia. These markets are already significant contributors to the startup’s patient base, with hundreds of patients accessing specialized healthcare services each month through their network of leading hospitals in the Middle East, Europe, South Asia, and Asia.
"We plan to invest these funds to continue expanding across Africa," said MyHealth Africa founder and CEO Ryan Marincowitz. "We also aim to launch two new regions next year, including the Middle East and South Asia, which are already our second and third-largest markets."
Revolutionizing Healthcare Access Across Africa
MyHealth Africa was founded in 2017 as a specialized healthcare booking platform and medical management system to make it possible for patients to access healthcare services virtually or in-person from doctors and providers across the globe. The startup is part of a growing list of innovative startups solving inefficiencies in the health sector by making healthcare easily accessible across the continent.
Addressing Healthcare Challenges Across Africa
According to the World Health Organization (WHO), countries across sub-Saharan Africa have 0.23 doctors for every 10,000 people, against the best ratio of 84.2 doctors in the most developed countries. MyHealth Africa is addressing this challenge by connecting patients with local and international health specialists and hospitals.
Supporting Over 27,000 Patients So Far
The startup has so far assisted over 27,000 patients to access specialized healthcare services from more than 1,500 medical professionals and health facilities. "We assist hundreds of patients each month from these two markets to access specialized healthcare services at our network of leading hospitals in the Middle East, Europe, South Asia, and Asia, currently from our office in Kenya," Marincowitz added.
Partnership with GIIG Africa Fund
The partnership between MyHealth Africa and GIIG Africa Fund is a significant boost for the startup’s expansion plans. "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 GIIG Africa co-founder 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," he added.
Conclusion
MyHealth Africa’s growth plan is a testament to its innovative approach to addressing healthcare challenges across Africa and beyond. With $1.3 million raised so far, the startup is poised for further expansion in Africa and other regions next year.
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