CarePoint closes the $10 million Series B Bridge Round

Carepoint, previously Africa Health Holdings, has raised $10 million in Series B to expand its reach across Africa. The company is a tech-forward healthcare company that operates in Nigeria, Ghana and Kenya.

CarePoint is looking to expand beyond its current reach into North and East Africa and will accelerate its growth through mergers and acquisitions. CarePoint is also building clinics that are micro-tech-enabled and setting up telemedicine facilities in its facilities.

TRB Advisors was the lead investor in this round. The round included existing and new investors, including Delle, Breyer Capital and Beyond Capital Ventures, (BVC), M3, Inc and Asia Pacific Land/ Natural World Limited. Alan Waxman is the CEO of Sixth Street Partners.

According to the startup, there will be no more than 12 employees at the micro-clinics, which will include a nurse. Patients will also have the ability to consult with doctors online. The goal is to close the gap between Africans, and provide adequate healthcare in spite of the increasing internet connectivity.

The company’s brands include Lily Hospitals, Meridian Health Group in Kenya, Rabito Clinic Limited in Ghana, CarePoint Hospitals in Nigeria, and MyCareMobile in Ghana.

This virtual access will be through CarePoint’s MyCareMobile app, where users will be linked to diverse services through teleconferencing, including consultations with their doctors, test results and 24-hour emergency response.

CarePoint creates solutions through its three core pillars: a network of scaled healthcare facilities, strong technology backbone and patient-centered care highlighted in the first Africa-focused data repository for healthcare.

CarePoint raised $18M in a Series A round, led by Asia Pacific Land & Natural World Limited. Participants included TRB Advisors.

The capital was intended to expand the telemedicine service, which reaches beyond Ghana, Nigeria, Kenya and other African countries. This will allow for electronic follow ups and an increase in its patient base beyond in-person visits.

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