May 17, 2022

CarePoint Raises $10M To Build Data Science And AI Teams To Propel Its Mission To Make Healthcare Accessible For All

CarePoint, a Black-owned technology-driven healthcare startup that seeks to make healthcare accessible, has just raised a $10 million bridge round to accelerate its growth across Africa.

How does it work? Patients are able to access care virtually through CarePoint’s MyCareMobile app, which links them to diverse services through teleconferencing, including consultations with their doctors, test results, and 24-hour emergency response.

The funding round was led by TRB Advisors and brings the total funding raised by CarePoint to $30 million. It follows an $18 million Series A round announced in November last year.

New and existing investors that took part in the bridge round include Breyer Capital, Beyond Capital Ventures (BVC), M3, Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman, who is Sixth Street Partners’ CEO.

Its founder Dr. Sangu Delle told TechCrunch that CarePoint will use part of the funding to build data science and AI teams to strengthen its technological resources, in addition to introducing new products.

He added that they are in the process of setting up telemedicine centers in their facilities and building “micro-tech-enabled-clinics” targeting the masses.

The startup recently entered Egypt, its fourth market in Africa, after Kenya, Nigeria, and Ghana, according to reports and it’s now eyeing North and East Africa, to continue its growth which is driven by mergers and acquisitions.

Outside of Carepoint – formerly known as Africa Health Holdings – Dr. Delle is also the founder and chairman of Golden Palm Investments Corporation (“GPI”); an investment holding company focused on building world-class technology companies in Africa. 

GPI has backed startups such as Andela, Pharma, and Flutterwave and GPI portfolio companies have raised over $1.2 billion in venture financing.

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Abbianca Makoni

Abbianca Makoni is a content executive and writer at POCIT! She has years of experience reporting on critical issues affecting diverse communities around the globe.