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Home Business Business

African startup Helium Health closes $10 million funding round

by Farai Muvuti
May 8, 2020
in Business, Just In, Nigeria
0
African startup Helium Health closes $10 million funding round

LAGOS (The Southern African Times) – Helium Health, West Africa’s largest electronic medical records provider, on Thursday said it had completed a $10 million funding round, as investors step up the hunt for health-related startups amid the coronavirus pandemic. 

Dubai-based Global Ventures co-led the investment round with Asia Africa Investment & Consulting (AAIC), which is backed by Japanese investors. The startup, based in Nigeria’s commercial capital Lagos, also received investment from China’s Tencent in the Series A funding round. 

“Helium Health has the opportunity to solve large problems through its software and help accelerate healthcare accessibility,” said Noor Sweid, general partner and founder at Global Ventures. 

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The startup said it will use the investment to grow its customer base in Nigeria, Ghana, and Liberia, and to fund a planned expansion this year into North Africa, East Africa, and Francophone West Africa. 

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