Helium Health’s $30 million Series B funding round is a major milestone for the Nigerian health-tech industry.
The health tech startup provides a suite of technology such as financing and insights tools for healthcare providers, payers and patients across West Africa.
The company’s EMR (Electronic Medical Records) solution is the most widely used in West Africa, and it has helped to improve the quality of care for millions of patients.
The investment according to the Co-founder and CEO Adegoke Olubus will help the company to expand its reach and impact across other African countries.
The $30 million funding will be used to:
- expand Helium Health’s reach into new markets, such as Kenya and Ghana.
- develop new products and services, such as a mobile app for patients and a telehealth platform.
Helium Health’s success is a sign of the growing potential of the Nigerian health-tech industry.
Nigeria with its large and growing population is facing a major shortage of healthcare digital solutions, such as those offered by Helium Health.
The company has the potential to address this challenge and improve the quality of care for millions of Nigerians and Africans at large.
Some of the potential effects of Helium Health’s $30 million funding round on the Nigerian health-tech industry at large include:
1. An increase in health tech Investment
The investment in Helium Health is likely to attract more investment into the Nigerian health-tech sector. What this means is that there is likely going to be the development of new products and services.
2. Improved access to healthcare For Nigerians
Helium Health’s products and services could help to improve access to care for Nigerians. The company’s EMR solution, for instance, could help to improve the efficiency of healthcare providers and to reduce the cost of care in general.
3. Increased Quality of Healthcare Services in Nigeria
Helium Health’s products and services could help to improve the quality of care for Nigerians. The EMR solution the company provides will help to improve the accuracy of diagnoses and records.
It could also help to ensure that patients receive the right treatment and that all medical records are intact
In conclusion, Helium Health’s $30 million funding round will lead to a positive development for the Nigerian health-tech industry.
It is expected to have a positive ripple effect on the broader health tech ecosystem, and it could help to improve access to care, improve the quality of care, and attract more investment into the sector.
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