Nigeria’s Reliance Health Raises $40 Million Series B funding Round
By Tom Jackson
Nigerian e-health startup Reliance Health has announced the completion of a US$40 million Series B funding round to help it expand in emerging markets around the world and add to its product suite.
Founded by Femi Kuti, Opeyemi Olumekun, and Matthew Mayaki in 2015 as a telemedicine-focused startup named Kangpe, Reliance Health later expanded into a single-fee healthcare provider to better address the complex, evolving needs of patients.
Using an integrated approach that includes affordable health insurance, telemedicine, and a combination of partner and proprietary healthcare facilities, Reliance has so far impacted over 200,000 lives and 600 companies.
Photo courtesy of Andy Miah.