China’s Tencent also participated in the funding rounding according to Noor Sweid, general partner and founder at Global Ventures said.
“Only 30% of hospital visits across Africa are recorded so it’s a massive need in the market,” she said.
This is Global Ventures’ first investment in a health technology firm. The Dubai-based firm has 14 different investments in companies including fintech startups.
“Now what we are excited about is health tech. That for the next five years is what fintech was for the last five years,” Sweid said.
The venture capital arm of Abu Dhabi state investor Mubadala plans to launch a healthcare fund next year to tap into increased demand for investment in life sciences and digital health technology following the coronavirus outbreak.
Founded by Goke Olubusi, Tito Ovia and Dimeji Sofowora in 2016, Helium Health has taken hospitals, clinics, and other health facilities digital almost instantly using our flagship Electronic Medical Records/Hospital Management Information System (EMR/HMIS) product.