Ilara Health sources tech-powered diagnostic equipment at for use to identify diseases by medical clinics.
Doctors under its model pay a deposit to use the equipment and then pay off the remaining cost in instalments determined by usage.
The latest round of fundraising adds to a Sh111.5 million grant from the Bill and Melinda Gates Foundation that is aimed at enhancing its services provided via its 200 partner private healthcare facilities in Nairobi and Kisumu.
Nairobi-based healthcare diagnostics company Ilara Health has raised Sh420 million from three venture capital firms based in Nairobi and Dubai to finance local and regional expansion.
In a statement, the firm said the funds will be used to establishing new subsidiaries in East Africa and enhance its reach across Kenya.
“This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities in providing services across maternal, metabolic, cardiovascular and infectious disease care," said Ilara Health chief executive Emilian Popa.
Ilara Health sources tech-powered diagnostic equipment at for use to identify diseases by medical clinics.
Doctors under its model pay a deposit to use the equipment and then pay off the remaining cost in instalments determined by usage.
The latest round of fundraising adds to a Sh111.5 million grant from the Bill and Melinda Gates Foundation that is aimed at enhancing its services provided via its 200 partner private healthcare facilities in Nairobi and Kisumu.
The start-up had earlier obtained a Sh2.5 million grant from the impact investment arm of the US Columbia Business School.
Nairobi’s TLcom Capital, DOB Equity, Chandaria Capital and Dubai-based Global Ventures participated in the fundraising.
TLcom partner Ido Sum said they were keen to tap into the underserved health space in Africa via Ilara’s platform that avails high-quality diagnostic equipment that enable medical professionals better serve patients at the clinics.
“Ilara Health represents the companies we like to partner with the most. They use technology to solve local health problems at scale thereby boosting health of local communities,” he said.
Chandaria capital chief executive Darshan Chandaria welcomed participation of Nairobi-based venture capital firms saying health problems experienced across Kenya could best be reduced via provision of affordable and quality healthcare services riding on technology.
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