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Alma Clinics Secures $2.8 Million in Funding to Expand Nurse-Led Primary Healthcare in South Africa

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South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).

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.

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