3 young Nigerian entrepreneurs raise N3.8bn to transform Africa’s healthcare

3 young Nigerian entrepreneurs raise N3.8bn to transform Africa’s healthcare

- Three Nigerian entrepreneurs have raised $10 million (3,895,300,000) to transform healthcare in Africa

- The entrepreneurs identified as Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora are out to solve three ways in which Africa's healthcare is dysfunctional

- These include inefficiency due to manual processes, fragmentation, and lack of data

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In a bid to transform Africa's healthcare system, three Nigerian entrepreneurs identified as Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora launched a healthcare technology provider called Helium Health.

The company co-founded by the three 2019 Forbes 30 Under 30 honorees announced it had raised $10 million (3,895,300,000) in Series A round, led by Global Ventures and Asia Africa Investment & Consulting (AAIC).

According to Forbes, the other participants are: Tencent, Ohara Pharmaceutical Co. Ltd, HOF Capital, Y Combinator, VentureSouq, Chrysalis Capital, Kairos Angels and Flying Doctors Healthcare Investment Company.

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3 young Nigerian entrepreneurs raise N3.8bn to transform Africa’s healthcare

Helium Health founders (Left to Right): Dimeji Sofowora (CFO), Tito Ovia (Head of Growth), Adegoke Olubisi (CEO). Photo credit: Helium Health
Source: UGC

Olubusi, who serves as the company’s CEO, said: “When we think about the extent of the challenges and problems that we can solve in the healthcare sector in Africa, there could be a million ways in which this can help us grow.

“This new round means that we have more firepower to be able to expand the reach of our product way beyond Nigeria, Ghana and Liberia where we are now."

According to Olubusi, his company tries to solve the three core ways in which the healthcare system in Africa is dysfunctional. This includes inefficiency due to manual processes, fragmentation, and lack of data.

He said: “Imagine if a hospital sees a 1000 people a day. How do you count a 1000 people every day with specific issues they need taken care of when you’re doing everything on paper?”

Meanwhile, Legit.ng previously reported that less than a year after graduating from the Federal University of Technology, Akure, Oluwadunsin Bolaji won Global Student Entrepreneur Awards (GSEA).

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The GSEA is the premier global competition for students who owned and operated a business while attending college or university.

It supports student entrepreneurs who require the much-needed mentorship, recognition and connections to their business to the next level of success.

Oluwadunsin, who is a graduate of Biology, specialises in using Ankara fabrics to make products such as handbags, backpacks, accessories and note pads.

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Source: Legit Nigeria

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