Nigerian healthtech startup, MDaaS Global has secured a new $1 million seed round of funding as it prepares to replicate its innovation across different markets in Africa. Nigerian based venture capital firm, Consonance Investment Managers led the funding round. Other investors who participated in the round include: FINCA Ventures, a firm dedicated to impacting investing and Techstars, the global tech hub. A few other undisclosed investors also participated in the round.
Conversely, the funding round was first announced in April of this year. Using scanty details published in an SEC filing, MDaaS reports revealed the company had raised new round of funding from 12 undisclosed investors.
MDaaS says the new funding will come in handy as it gets set for some serious expansion soon. The company has disclosed plans to open over 100 diagnostic services and it’s also looking to expand into some West African countries.
Founded in 2015, MDaaS is one startup trying to address major issues in the Nigerian health sector. Started by Oluwasoga Oni, Genevieve Barnard, Joe McCord, and Opeyemi Ologun, the startup, the company is a conglomerate of some sort, with brands servicing different arms of the heath care value chain.
It was originally created to deliver medical devices to Click here to read entire article
Source:: Tech Cabal