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Helium Health Secures $10 million Series A Expansion Round

Tech Gist Africa by Tech Gist Africa
05/12/2020
in Africa, Africa News, News
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Helium Health Nigeria

Helium Health Nigeria

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Helium Health, Nigeria, Liberia, and Ghana-based healthtech startup has secured a $10 million Series A round co-led by Y-Combinator, Global Ventures, and Africa Healthcare Masterfund. Tencent also participated in the funding round. The fund will be used in an expansion drive into more African countries. It plans to hire and expand to Kenya, Rwanda, Uganda, Morocco. 

Dimeji Sofowora, Adegoke Olubusi, and Tito Ovia, both Nigerians, founded Helium Health in 2016 to provide medical delivery services, and cater to the lack of structural data in the healthcare sector. They set out to tackle the issue of inefficiency, fragmentation, and lack of data in the African healthcare sector.


See also: API fintech Startup, Okra Secures $1 million Pre-seed Investment


 Helium Health offers its flagship Electronic Medical Records/Hospital Management Information System (ERM/HMIS) digital solutions to healthcare and insurance providers. Its product suite digitizes data, formalizes monetization, and enables telemedicine for healthcare providers in Nigeria, Liberia, and Ghana. It also develops apps for providers, payers, patients, and partners.

As a result of the presence of coronavirus in Nigeria, Helium Health has experienced a drastic increase in demand. “In the last three weeks since we launched, we’ve had roughly 360 hospitals sign up, and they’ve had thousands of [online] visits already,” Olubusi told Tech Crunch. It generates revenue from a percentage charge on its services and the sales of its products. 

In addition to its flagship product, Helium Health is launching a range of new products. One of which is the MyHelium Patient app for scheduling appointments between healthcare providers and patients. The app will also be used to disseminate health information. Others include Teleclinic, HeliumPay, Helium CareCredit, and Helium Cover.

 

More on TechGist Africa:

  • PalmPay Launches ₦100 Million COVID-19 Payout Fund for Nigerian Customers
  • Application Opens for Innovation Fund for Mobile Internet Adoption and Digital Inclusion
  • Ghana Launches Ghcovid19 Symptom Tracker to aid Contain the Spread of COVID-19
  • EU Pledges Over €20 billion to Combat COVID-19 in Asia, Africa, Latin America, and the Balkans
  • SA-based Yoco Launches Online Payment Solutions for Small Businesses
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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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