Kenyan Startup Ilara Health Raises $735k Seed Funding Round
Friday, August 9, 2019
By Tom Jackson
Founded last year, Ilara Health sources tech-powered diagnostics equipment and makes it accessible to Africans who struggle to afford it, bundling the equipment and integrating the devices via a proprietary technology platform. Doctors pay a deposit to use the equipment and then pay off the remaining cost in installments determined by usage.
The startup has raised US$735,000 in seed funding from investment firms ShakaVC, Chandaria Capital, and Villgro Kenya, with the round also including angel investors such as Esther Dyson, Nijhad Jamal, Aadil Mamujee, Selma Ribica, and Shakir Merali. Several of the new investors will become strategic advisors to the business.
This round of investment will be used primarily to grow Ilara Health’s peri-urban medical clinic customers in Kenya, and ultimately beyond. It will also allow the company to build a flexible technology platform to manage and protect valuable patient health and clinic financial data.
Photo courtesy of Keoni Cabral.