Nigerian Healthtech Startup Carepoint Secures USD 10 Mn Funding

Pan-African technology-driven healthcare startup, CarePoint has secured a USD 10 Mn bridge round to accelerate its growth across Africa. The funding round was led by TRB Advisors and brings the total funding raised by CarePoint to USD 30 Mn. New and existing investors that took part in the bridge round include Delle, Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, who is Sixth Street Partners’ CEO.

The startup is in the process of setting up telemedicine centers in their facilities and building micro-tech-enabled clinics which target the common people. The platform has micro-clinics that help democratize access to healthcare, taking quality healthcare closer to the people, while making it affordable. It has recently entered Egypt, its fourth market in Africa, after Kenya, Nigeria, and Ghana.

CarePoint plans to use part of the funding to build data science and AI teams to reinforce its technological resources, in addition to introducing new products.