Waspito, a Cameroonian e-health firm, has acquired US$2.7 million in seed capital to expand its user base in Cameroon and into Ivory Coast.
An oversubscribed US$2.7 million seed investment led by Launch Africa Ventures, Newtown Partners via the Imperial Venture Fund, BLOC Smart Africa managed by Bamboo Capital Partners, Orange Ventures, Saviu Ventures, Plug and Play, and BringCom will fund the first stage of this development, which will see the company expand its coverage across Cameroon and launch in Ivory Coast.
Waspito, founded in 2020 by Jean Lobe Lobe, connects users with doctors via rapid video consultations from their smartphones.
Additionally, it offers mobile laboratory services, with a lab worker collecting samples from a user’s house and digitally transmitting the results.
“My fantastic team has been taking baby steps in the right direction, and this additional cash will assist in expediting implementation,” Lobae Lobe stated. “We are quite proud of the investor pool we were able to attract for this round. Their skills and network will benefit our team as we continue on this path toward resolving Africa’s health care access and affordability crisis.”
Waspito has serviced over 15,000 patients to date and expects to grow to ten countries in the next four years.
It also includes a health-focused social network where users may engage anonymously with medical specialists who provide preventive care suggestions and answers to inquiries.
Waspito will also increase its service offerings as it works to connect Africa’s health ecosystem online in order to alleviate the continent’s physician shortage and other health system difficulties.