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Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured USD 4.2 M debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the masses through the rollout of a B2B health and occupational service that will enable uninsured workers access care at its network of partner clinics for a fixed monthly fee.
The USD 2.5 M equity round was led by DOB Equity, with the participation of the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments, Perivoli Innovations. Debt investment came from Alphamundi, Kiva Capital and Boehringer Ingelheim. The new round brings the total debt, equity and grant funding secured by the startup to USD 11.7 M.
Ilara Health provides diagnostic services to rural areas of Africa through artificial intelligence-powered devices especially to places not covered by traditional hospitals. To equip the clinics, the startup has partnered with various manufacturers, including the American company Butterfly Network, to provide devices like the low-cost portable ultrasound tool