Cameroon based e-health startup Healthlane that connects its users to quality and affordable healthcare services announced on 8th September, 2020, that it has picked up USD 2.4 million amount in funding in order to add new features to their services and expand its user base.
The participants in the investment round include Silicon Valley Bank, CRE, Sequoia Capital, TSVC, Digital Horizon, Capitoria, Supernode Ventures. Early investors also participated in the round including Ping An Good Doctor which is a renowned Chinese healthtech company.
The company claims to deploy the funding to continue building out their ecosystem of medical services which is based on existing offline infrastructure. They are also planning to add features such as medicine ordering and telemedicine.
About the company
Established in early 2020 by Alain Neteff, the company enables its customers to book appointments more than other healthcare providers across Nigeria and Cameroon through its mobile application. Healthlane claims that its user base has already grown to more than 60 thousand.
Earlier this year, Healthlane participated in the Y Combinator W20 batch. The startup is now planning to expand in the market and add new features with the latest capital inclusion from a host of investors.
Founder and Managing Director of Digital Horizon, Alan Vaksman, commented, “Unlike many startups that rely only on telemedicine, Healthlane’s solution combines remote and face-to-face health services. Furthermore, the service’s customers become not only users but also doctors, hospitals, pharmacies, and other market participants. In the future, this all-in-one approach will enable the company to expand the list of services by adding, for example, insurance products.”
African e-health domain is rising despite of the pandemic outbreak and this funding is another win for e-health space. As per High Tech Health: Exploring the African E-health Startup Ecosystem Report 2020, more than half of total investment that has gone into the E-health space in the last 5 years was transacted in the first half of 2020.
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