This latest funding will accelerate the company’s expansion within Kenya, aiming to further improve healthcare access for the general public.

The funding round was led by DOB Equity with a $2.5 million equity investment, joined by the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments, and Perivoli Innovations.

An additional $1.7 million in debt financing was secured from Alphamundi, Kiva Capital, and Boehringer Ingelheim.

Founded in 2019 by Emilian Popa, Maximilian Mancini, and Sameer Afzal Farooq, Ilara Health initially focused on providing diagnostic equipment to private clinics, addressing affordability and accessibility concerns.

Since then, the company has expanded its offerings to include pharmaceutical products and other medical supplies, enabling clinics to operate with well-stocked inventories and deliver high-quality primary care.

With this new funding, Ilara Health plans to launch a B2B health and occupational service.

This initiative will offer uninsured workers access to essential healthcare services at partner clinics for a fixed monthly fee, significantly expanding healthcare options for this segment of the population.

“This fundraising allows us to take another significant step towards our mission of making quality healthcare accessible and affordable for everyone,” said Ilara Health CEO Emilian Popa.

“By providing private clinics with the tools and resources they need, and by launching our B2B health service, we can address critical gaps in the healthcare system and reach even more patients.”

Currently, Ilara Health serves over 3,000 private clinics across Kenya, focusing on facilities located in residential areas where access to healthcare is convenient but often costlier than public options.

Recognizing the limitations of public healthcare, including potential disruptions due to equipment issues, Ilara Health partners with various manufacturers like Butterfly Network to offer affordable diagnostic tools like portable ultrasound devices.