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Healthtech Startups in Africa Raising Capital

From TC Daily, it seems healthtech companies in Africa are going to follow fintech firms to raise tons of capital. Let it keep coming.

CarePay, a Kenya-based digital health company has raised a $45 million Series A round. The money which was invested by IFHA Fund, ELMA Investments and PharmAccess Group will be used for expansion into Tanzania and Nigeria. Launched in 2016, CarePay's mobile healthcare platform connects clinics and healthcare payers (insurers & donors). Digital health startups in Africa have had an interesting year so far with regards to raising capital. Ghana's mPharma, Nigeria's mDaaS, Kenya's myDawa, Uganda's Neopenda have each raised million-dollar funding totalling about $24 million. This is already a 14% and 33% increase from 2017 and 2018 respectively according to data from Partech Africa.