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South African health-tech startup, Kena Health, has raised $2 million in seed funding.
The startup secured the seed extension funding from NEXT176, a subsidiary of Old Mutual, and Tofino Capital, a US-based market investor. Launched in 2022, Kena Health aims to revolutionize the healthcare industry by leveraging technology to improve access to quality healthcare services.
The startup provides a comprehensive telehealth platform that connects patients with licensed healthcare professionals via a smartphone, allowing for remote medical advice, diagnoses, and prescriptions. The platform also incorporates digital health tools and features, such as electronic health records and remote monitoring, to enhance patient care and improve health outcomes.
The $2 million funding injection will enable Kena Health to accelerate its expansion plans, further develop its technology infrastructure, and strengthen its team of healthcare professionals and technical experts. The startup intends to utilize the funds to enhance the platform’s capabilities, extend its reach to underserved communities, and invest in research and development to innovate and refine its solutions continuously.
Billboxx, a Nigeria-based financial technology company specializing in invoicing and cash flow management for small and medium-sized enterprises (SMEs), has raised $1.6 million in a pre-seed funding round.
DisrupTech Ventures, a fintech-focused investment firm based in Egypt, has made its first investment outside Egypt by backing Nigerian startup Winich Farms. The funding is part of Winich’s pre-Series A round.
Finnfund has announced an additional €2 million investment in Fibertime Group to help the company expand fibre internet access in South Africa.