Key Takeaways
- • Tanzania-based healthtech Medikea raised $1.2 million in pre-seed funding through successive closes, according to Africa Private Equity News.
- • Medikea combines 24/7 virtual consultations with physical clinics, pharmacies, and diagnostic services, and has already served more than 50,000 patients.
- • Early backers include Baobab Network, Catalyst Fund, and develoPPP Ventures, with later participation from Madica, Impacc, Hustle Fund, O'Shaughnessy Ventures, Madiro, the Boehringer Ingelheim Foundation, and an angel investor.
- • Proceeds will fund clinic network expansion, technology upgrades, and additional specialist services across Tanzania.
- • The company is led by co-founder and chief executive Dr Elvis Silayo.
Summary
Tanzania-based healthtech company Medikea has raised $1.2 million in pre-seed funding, according to Africa Private Equity News. The round was assembled through successive closes, with early backing from Baobab Network, Catalyst Fund, and develoPPP Ventures. Madica, Impacc, Hustle Fund, O'Shaughnessy Ventures, Madiro, the Boehringer Ingelheim Foundation, and an angel investor subsequently joined the round.
Medikea's model blends 24/7 virtual consultations with physical clinics, pharmacies, and diagnostic services. The company aims to make healthcare more accessible and affordable, and reports having already served over 50,000 patients.
The company plans to deploy the capital to expand its clinic network, strengthen its technology platform, and introduce additional specialist services to reach more patients across Tanzania. Medikea is led by co-founder and chief executive officer Dr Elvis Silayo.
Medikea's model blends 24/7 virtual consultations with physical clinics, pharmacies, and diagnostic services. The company aims to make healthcare more accessible and affordable, and reports having already served over 50,000 patients.
The company plans to deploy the capital to expand its clinic network, strengthen its technology platform, and introduce additional specialist services to reach more patients across Tanzania. Medikea is led by co-founder and chief executive officer Dr Elvis Silayo.
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