Nigerian Healthtech Startup Helium Health Raises USD 30 M Series B Round

Helium Health, the African startup that provides software-as-a-service tools, financing, and insights for healthcare providers and public health organizations, has raised USD 30 M in Series B funding. The news is coming three years after the healthtech secured a USD 10 M Series A and 18 months after acquiring UAE-based e-health platform, Meddy.

AXA IM Alts, a multi-asset investor and subsidiary of AXA Group, led the round. New investors in the Series B round include co-founder and CEO of 23andMe Anne Wojcicki, Capria Ventures, Angaza Capital and Flatworld Partners. Existing investors Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC also participated in the growth round.

Helium Health takes hospitals and clinics instantly digital with its flagship Electronic Medical Records/Hospital Management Information System (EMR/HMIS) product.  HeliumDoc, the product merging Meddy’s telemedicine capabilities and Helium Health’s revenue cycle management service, is being used in Nigeria with East African expansion in sight. Meanwhile, HeliumOS, the core product digitizing electronic medical records (EMR) and hospital management solutions across Africa, is expected to be rolled out in the GCC.