Browsing: Health-tech

Africa has today emerged as a fertile ground for groundbreaking startups. As 2024 approaches, the continent’s startup scene is buzzing with activity, marked by impressive funding rounds and strategic expansions. This trend is a fleeting moment and a testament to African entrepreneurship’s resilient and dynamic spirit.

The Exchange Africa spotlights five startups thriving and redefining the business landscape in their respective sectors. From renewable energy solutions in the Democratic Republic of Congo to digital health platforms in Kenya, these companies embody the ingenuity and potential of Africa’s business ecosystem. They attract significant investment and are poised to substantially impact their communities.…

• IFC and Viva Technology have announced the second edition of the AfricaTech Awards.
• Founders are invited to apply for the awards in three categories – climate tech, fintech, and health tech 
• The winners of the awards will gain access to leaders and top executives in the tech industry and increased visibility among global investors.

IFC and Viva Technology have announced the second edition of the AfricaTech Awards, an initiative to spotlight Africa-focused companies with innovative solutions addressing key development challenges linked to climate change, health care, and financial inclusion.

Founders are invited to apply for the awards in three categories – climate tech, fintech, and health tech – on the awards’ website from February 27 to March 12, 2023.

The winners of the awards will gain access to leaders and top executives in the tech industry and increased visibility among global investors, including IFC, one of the largest venture capital …

Salesforce Ventures has announced a second impact investment fund amounting to $100 million dollars. Salesforce Ventures is the investment arm of Salesforce, a company involved in customer relationship management. The fund is the second to come from the company after an initial $50 million impact fund which was launched in 2017.

The funds are earmarked for supporting start-up companies mainly in the technology sphere and cloud-related services. Within this grouping, the focus on the fund is on companies showing a measurable impact on social arenas such as education. The funds also serve start-ups with an environmental impact.

Salesforce ventures drive to promote values of sustainability and social responsibility is expected to see it investing in companies that provide solutions to the challenges affecting the world. Acknowledging the unprecedented nature of the challenges impacting the world including COVID-19, climate change, and racial injustice, Salesforce Ventures said it will continue to invest …

A South African health-tech company Udok has sealed $613 000 (ZAR 10 million) in Venture Capital funding from FinX capital. 

The money raised will be used to spearhead expansion. The Capetown-based startup has partnered with Clicks Stores to provide consultations in Click’s pharmacy clinics. With Clicks being one of the largest pharmacy retailers in South Africa, this will give the firm access to a large clientele base. (www.sullivansusa.net)

The company also plans to roll out laboratory testing using the Clicks network to provide lower-cost testing services for patients. Currently, the costs of laboratory testing are above the reach of many.

Founded in 2018, Udok enables individuals to access healthcare services via a digital platform. This includes virtual consultations with doctors, receiving prescriptions, and getting access to remote admissions.

The company uses smart technology for examinations during the consultation and allows users to access their health records from anywhere. …