Uganda’s Rocket Health raises a $5m Series A round To Accelerate Expansion in East Africa

Rocket Health Ugandan telemedicine and last-mile healthcare provider, announced today that it has closed a $5 million Series B funding round. Creadev, the Mulliez Family of French entrepreneurs has backed a fund that will invest in the future, called ‘The Investing Fund.

Creadev was joined by LoftyInc Capital Management and Grenfell Holdings, both existing early-stage African investors who also participated in the round.

Rocket Health will be able to accelerate its technology roadmap as well as geographical expansion into Kenya and Uganda. This investment will enable Rocket Health to provide healthcare to more patients, wherever they may be.

“Rocket Health is on a quest to make quality primary healthcare accessible, affordable and convenient to achieve the best outcomes for as many Africans as possible through the exponential power of technology,” said Dr Davis Musinguzi, Rocket Health CEO and Founder.

“We’re elated that the investment thesis of Creadev and the Mulliez family resonates deeply with this timeless vision of the Rocket Health founding team. Together, we shall build a sustainable digital healthcare value chain down to the last mile across Africa.”

The platform uses digital technologies to offer more than 25,000 patients a safe, end-to–end medical journey that includes phone consultations and mobile laboratory services, prescription delivery and in-person clinical care. In 2012, Dr. Davis Musinguzi founded the platform with Dr John Mark Bwanika (Dr William Lugeba) and Dr Hope Achiro.

“We are delighted to partner with Rocket Health on its mission to make healthcare accessible to the many in Sub-Saharan Africa,” said Pierre Fauvet & Sarah Ngamau of Creadev Africa.

“We have been highly impressed by the creativity, tenacity and vibrant culture of the Rocket Health team, which holds an ambitious vision for the future of African primary care. There are many opportunities, including data analytics and innovative distribution channels. Together with like-minded investors, we look forward to bringing our experience in retail, e-commerce, logistics and digital health to support Davis and his team as they revolutionize access to Healthcare in Africa!”

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