Nigeria’s Helium Health raises $30mn for series B round

Nigeria’s Helium Health raises $30mn for series B round

Helium Health has raised USD 30mn for its series B funding round to integrate Meddy’s telemedicine capabilities, a company it acquired last year, as well as drive its fintech product HeliumCredit. With this product the healthtech platform plans to increase its lending portfolio to 1,000 healthcare facilities by 2024. The digital finance product enables clients to apply for financing and receive a response within 48 hours.

Read more about the Meddy acquisition here.

The round was led by AXA IM Alts with Capria Ventures, Angaza Capital, Flatworld Partners, and CEO of 23andMe Anne Wojcicki also investing. Existing investors Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC also participated.

About Helium Health

The company completed a USD 7mn series A round in April 2020 after securing commitments from Global Ventures and AAIC.

Meanwhile, Berlin-based ecoligo has received a EUR 2mn loan from EEGF to expand its operations in sub-Saharan Africa by continuing to support businesses with access to low-cost solar power.

So far, 90 projects with a total capacity of 32.6 MWp have been installed and commissioned and an additional 206 projects with a capacity of 100.8 MWp are planned and signed.

In Africa, the company operates in Ghana and Kenya.