November 3

South Africa’s RecoMed Raises $1.5 Million To Scale Its Online Healthcare Marketplace

By Tage Kene-Okafor

South African online healthcare marketplace RecoMed has raised a $1.5 million financing round, the company confirmed to TechCrunch.

The round was led by South Africa-focused venture capital firm Vunani Fintech Fund. RecoMed says the firm invested $1 million; the rest was shared between existing investors Japanese but Africa-focused VC firm AAIC, Growth Grid Venture Capital Partners and Kenyan-based Push Ventures.

The company was founded by Sheraan Amod, who, after a brief stay in the U.S. launching his first tech company, experienced for the first time what it was like to book medical appointments online, which wasn’t the case back in his home country, South Africa.

Source: TechCrunch (link opens in a new window)

Health Care
fintech, healthcare technology, venture capital