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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.
Bokra, an Egyptian fintech company, has successfully closed a pre-seed funding round of $4.6 million.
The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.
French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has announced a commitment of up to $10 million in senior secured debt to ARC Ride, an electric mobility company headquartered in Nairobi.