HealthCap Africa’s Post

In Africa, healthcare and financial inclusion are deeply intertwined. Many people lack access to basic healthcare services due to financial constraints, while others struggle to pay for treatment, leading to financial hardship. This is where healthtech and fintech come in - two sectors that may seem distinct at first glance but are, in fact, complementary solutions to a larger problem. Healthtech innovations, such as telemedicine, data analytics, and digital health platforms, are revolutionizing healthcare delivery, making it more accessible, affordable, and efficient. However, these solutions often rely on financial inclusion to reach their full potential. That's where fintech comes in - providing innovative payment solutions, insurance products, and credit facilities that enable people to access healthcare services they need. By combining healthtech and fintech under the same fund vehicle, we can create a powerful synergy that drives positive change in people's lives. Our specialist team, with deep expertise in both sectors, can identify opportunities for convergence and co-creation, leading to innovative solutions that address real-world problems. For instance, we can invest in healthtech startups that leverage fintech solutions for payment and insurance, making healthcare more accessible to underserved communities. Conversely, we can invest in fintech startups that develop products tailored to the healthcare sector, such as medical loans or insurance products. Our combined focus on healthtech and fintech also enables us to address macroeconomic challenges, such as the high cost of healthcare and the significant proportion of GDP spent on healthcare in Africa. By supporting innovative solutions that reduce healthcare costs and improve financial inclusion, we can contribute to economic growth and development. In short, our unique approach to combining healthtech and fintech under one fund vehicle, managed by a specialist team, allows us to tackle complex problems from multiple angles, driving meaningful impact and returns on investment. Join us in shaping the future of healthcare and financial inclusion in Africa.

HealthCap Africa is a pan-African, female-led VC driving high-impact innovations with visionary #healthtech and #fintech founders to improve the lives of over 1.4 billion people Africans. We have invested in 16+ startups that operate in 10+ countries, have collectively raised nearly $100 million in follow-on capital and have over 1 million users/customers. At HealthCap Africa, we don’t simply invest; we invest in transformation, in hope, and the undeniable power of investing for good to uplift entire communities. Each investment echoes our commitment to creating a healthier, safer, and more empowered world. Our impact numbers reflect all of these. Learn more about us here: www.healthcap.co . #impactnumbers #venturecapital #venturecapital #healthtech #fintech #healthcareimpact

As a venture capital firm dedicated to transforming healthcare in Africa, HealthCap Africa is focused on identifying and supporting the most promising early-stage, pre-series A healthtech and fintech startups across the continent. With a mission to improve the lives of 1.4 billion Africans, we have already invested in 16+ startups operating in 10+ countries. These innovative companies have collectively raised nearly $100 million in follow-on capital, and have served over 1 million users and customers across the region. We leverage our extensive network, industry expertise, and hands-on support to empower our portfolio companies to scale and drive meaningful impact. From digital health solutions that improve access to quality care to fintech innovations that drive financial inclusion, our early-stage investments are paving the way for a healthier, more equitable Africa. Learn more about us here: www.healthcap.co #venturecapital #venturefund #healthtech #fintech

As a venture capital firm dedicated to transforming healthcare in Africa, HealthCap Africa is focused on identifying and supporting the most promising early-stage, pre-series A healthtech and fintech startups across the continent. With a mission to improve the lives of 1.4 billion Africans, we have already invested in 16+ startups operating in 10+ countries. These innovative companies have collectively raised nearly $100 million in follow-on capital, and have served over 1 million users and customers across the region. We leverage our extensive network, industry expertise, and hands-on support to empower our portfolio companies to scale and drive meaningful impact. From digital health solutions that improve access to quality care to fintech innovations that drive financial inclusion, our early-stage investments are paving the way for a healthier, more equitable Africa. Learn more about us here: www.healthcap.co #venturecapital #venturefund #healthtech #fintech

As a venture capital firm dedicated to transforming healthcare in Africa, HealthCap Africa is focused on identifying and supporting the most promising early-stage, pre-series A healthtech and fintech startups across the continent. With a mission to improve the lives of 1.4 billion Africans, we have already invested in 16+ startups operating in 10+ countries. These innovative companies have collectively raised nearly $100 million in follow-on capital, and have served over 1 million users and customers across the region. We leverage our extensive network, industry expertise, and hands-on support to empower our portfolio companies to scale and drive meaningful impact. From digital health solutions that improve access to quality care to fintech innovations that drive financial inclusion, our early-stage investments are paving the way for a healthier, more equitable Africa. Learn more about us here: www.healthcap.co #venturecapital #venturefund #healthtech #fintech

In their latest newsletter, TechCabal reports that in January 2024, African startups faced a significant decline in fundraising, securing only $83 million across 31 disclosed deals, marking an 84.8% YoY drop from the $545.1 million raised in January 2023. Based on funding announcements, the top sectors in funding are agritech with $26.3 million, cleantech with $18.1 million, and healthtech with $13.5 million, while fintech and other sectors observed declines. North Africa led in regional funding with $25.1 million, followed by East Africa with $23.3 million and West Africa with $17.3 million, indicating pockets of strength and shifting investor focus amid a global funding winter. #Data #Fundraising #AfricanFounders

HealthCap Africa is a pan-African, female-led VC driving high-impact innovations with visionary #healthtech and #fintech founders to improve the lives of over 1.4 billion people Africans. Our track record speaks volumes: 16+ #healthtech and #fintech startups, spanning 10+ countries, have garnered nearly $100 million in follow-on capital, serving over 1 million users/customers. But our mission runs deeper than numbers. At HealthCap Africa, we are champions of hope, agents of transformation, and believers in the power of responsible investment to uplift entire communities. Through our investments, we have reached 1.52 million patients in Africa, saved over 15,000 pregnant mothers and delivered over 67,000 pints of blood to healthcare facilities, saving lives. We have also disbursed $40 million worth of loans to 3,000 SMEs and continued to drive financial inclusion in Africa. Every investment we make is a testament to our commitment to forging a healthier, safer, and more empowered world. Our impact reverberates far beyond balance sheets; it's felt in the lives we touch and the futures we shape. Learn more about us here: www.healthcap.co . #healthcare #healthtech #venturecapital #africanhealth #healthcareinnovation #fintech #venturecapital

Welcoming Rwanda Angel Investors Network (RAIN) as one of our summit partners! RAIN is the first organized angel investors network in Rwanda that seeks to promote angel investing culture and grow innovative start-ups in Rwanda. The network acts as a vehicle to generate deal opportunities and facilitates, and manages investments. The network operates in Rwanda, and targets start-ups based and operated in Rwanda. The network is managed by SSC Capital, as a manager-managed network. The objectives of the network are to: ➡ Promote the culture of angel investing in Rwanda. ➡ Support innovation in Rwanda through investing in, and mentoring innovative start-ups ➡ Provide investment opportunities in start-ups for investors with above-the-average risk appetite ➡ Promote and strengthen the angel investing ecosystem in Rwanda. ➡ Prepare potential deals for PE/VCs through follow-on financing/exits of AIs Do you want to join our growing network of partners? Connect with Enkromelle Andrew to explore the available collaboration opportunities at enkromelle@africainvestorsummit.com #InnovatingPathways VC4A ABAN

I'm headed to #SanFrancisco next week for #SOCAP24, the social capital conference. Who should I meet while I'm in town? I'm interested in connecting with fellow impact investors, innovators, ecosystem builders, innovative financing experts, healthcare GPs, and others who share my passion for #healthcare innovation and social entrepreneurship. Africa Health Ventures is a VC fund kickstarting high-impact, scalable healthcare innovations unlocking African markets. If you want to learn more about investing in healthcare innovations, let's talk. #DigitalHealth #HealthTech #ImpactInvesting #GlobalHealth SOCAP Global

What healthcare startups in Africa raised the most #funding in 2023? 🏥 Helium Health, a Nigerian #healthtech company, offers a suite of technology, financing, and data products for healthcare providers. The company raised $30 million in Series B funding led by AXA Investment Managers Alts to expand the reach of its fintech product HeliumCredit, which provides digital financing for the healthcare industry in Africa. 💊 MYDAWA, a Kenyan online pharmacy offering health, wellness, and beauty products secured $20 million in funding from private equity investor Alta Semper Capital LLP with the goal of becoming an "all-in-one" health platform. 💉 Africa Healthcare Network, a dialysis services provider operating in 5 African countries, secured $20 million in equity and debt funding from Africa50 Infrastructure Investment Platform, AfricInvest Group through the Transform Health Fund, and others to expand access to renal care across the continent. 🚚 Yodawy in Egypt secured a $16 million Series B funding backed by Delivery Hero Ventures, Global Ventures and others. The company specializes in a pharmacy benefits and medicine delivery platform, streamlining the process for users and pharmacies. Check out our complete rundown of the State of Healthcare Investing in Africa in 2023 here: https://lnkd.in/dCdGQNbc #digitalhealth #impactinvesting #venturecapital #emergingmarkets