New Investments
Alma Clinics Secures $2.8 Million in Funding to Expand Nurse-Led Primary Healthcare in South Africa
This investment will fuel Alma’s ambitious expansion plans across the country.
Founded in July 2020 by CEO Sibongile Manganyi Rath, Alma Clinics emerged during a critical time marked by the COVID-19 pandemic and related lockdowns.
The company established its first clinic in Protea Glen, Soweto, a township that has historically faced healthcare access challenges.
Since then, Alma has grown rapidly, with six fully operational clinics currently serving over 4,000 patients monthly.
This latest funding round will empower Alma to significantly scale its operations, with a stated goal of reaching 35 locations across South Africa.
This expansion will bring much-needed primary healthcare services to underserved communities, promoting better health outcomes for a wider population.
“We are thrilled to welcome IDF Capital as a partner in our mission to revolutionize primary healthcare in South Africa,” said Alma Clinics CEO Sibongile Manganyi Rath.
“This investment is a testament to the hard work and dedication of our team, and it will allow us to reach even more patients with high-quality, affordable care.”
Polo Leteka, the CEO and founder of IDF Capital and co-managing partner of the Alitheia IDF Fund, will be joining Alma’s board of directors.
Leteka’s leadership and investment expertise will be instrumental in guiding Alma’s growth trajectory.
This investment underscores the growing importance of nurse-led healthcare models in South Africa.
Alma Clinics’ success story paves the way for increased access to quality primary care, particularly in areas where traditional healthcare facilities may be scarce.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
UNDP and METI Team Up to Empower Six African Startups for Investment Success
Six African tech startups have been chosen as finalists for the “Meet the Tôshikas” program, a joint initiative by the United Nations Development Programme (UNDP) and Japan’s Ministry of Economy, Trade and Industry (METI).
Chari, a Moroccan e-commerce startup, raises $1.5 million to revolutionize the African retail industry
Founded in 2020, Chari has developed an advanced e-commerce platform that aims to bridge the gap between traditional brick-and-mortar stores and online shopping experiences.
Proparco and 27four Invest $28.7 Million in SA PropTech Divercity to Address Affordable Housing Crisis in South Africa
French development finance institution Proparco and South African investment manager 27four have announced a joint investment of R550 million (USD 28.7 million) in Divercity Urban Property Group.