South Africa’s RecoMed Raises USD 1.5 Mn To Scale

RecoMed, a South African online healthcare marketplace, has raised USD 1.5 Mn in funding. The round was led by South Africa-focused venture capital firm Vunani Fintech Fund with participation from existing investors AAIC, Growth Grid Venture Capital Partners, and Kenyan-based Push Ventures.

RecoMed acts as a marketplace where patients can find and book services with healthcare professionals across South Africa. Patients can use the website or app to search and browse practitioner profiles, read ratings, and schedule a physical or virtual telehealth session. RecoMed intends to use the funds to integrate new products into its platform.