Nairobi-based health tech startup, Ilara Health, has raised $3.74 million in Series A investment to fund and expand an affordable, essential, and life-saving diagnostics reach across Africa.
Leading the funding was TLcom capital, a Nairobi based VC firm, with others like DOB equity, an investment firm; Global ventures, another Nairobi-based VC firm and Chandaria capital.
We are excited to announce our series A led by the fantastic @TLcomCapital and supported by DOB Equity, @globalventures, and @ChandCapitalKE to redefine primary care and diagnostics for millions of people in Africa. https://t.co/ptNySVXz5V#healthcare #healthcaresolutions
— Ilara Health (@IlaraHealthLtd) December 15, 2020
However, the investment came after Ilara Health received funding from Bill and Melinda Gates Foundation with a $1.1 million grant two months ago.
Also, last year, it secured a $735,000 seed investment and was accepted into MIT.
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Emilian Popa, CEO and Co-founder of llara Health, lauded the company’s competence and spoke on its expansion plan.
“In just one year of operation, we have seen the incredible impact our Ilara Health platform has had in delivering improved services across maternal, metabolic, cardiovascular and infectious disease care.
“We view this as only the beginning, widening our disease indication coverage and creating end-to-end value throughout the entire care delivery process.”
Also, he added that the investment is of top priority to the company.
Asides from reaching that, it can help the company’s expansion plan.
“This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities.”
Emilian further added that the company would reach many individuals who are struggling to access life-saving diagnostic facilities in their societies in months to come.
About Ilara Health
It is a health tech company founded by Amaan Banwait, Emilian Popa, Hannes Eckmayr and Sameer Farooqi, in 2019.
With its rapid growth, it has powered many existing primary care facilities.
Its vision is to make diagnosis affordable and available to more than 500 Africans.
Ilara Health sources for equipment at a lower rate; then it bundles and integrates them through a proprietary technology platform.
After, the company makes it available to healthcare platforms to make a payment over a period of time.
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