June 11, 2023
by Helium Health, a leading Nigerian healthtech company, has secured $30 million in its recent Series B funding round. The investment was led by global technology investment firm Future Africa, along with participation from other notable investors. This significant funding will enable Helium Health to expand its fintech offering and further revolutionize the healthcare sector in Nigeria and beyond.
Helium Health was founded in 2016 with a vision to transform healthcare in Africa through the power of technology. The company offers a comprehensive suite of digital solutions that streamline operations, enhance patient care, and improve access to healthcare services. By digitizing medical records, facilitating telemedicine, and providing robust healthcare management systems, Helium Health aims to address the long-standing challenges faced by healthcare providers and patients face.
The $30 million Series B funding round marks a significant milestone for Helium Health, allowing the company to bolster its fintech offerings and expand its reach. Future Africa, a technology investment firm focused on supporting innovative ventures globally, led the funding round. Other notable participants included Novastar Ventures, Tencent, and Ohara Pharmaceutical Co., Ltd. This diverse group of investors reflects the growing interest and confidence in Helium Health’s potential to drive positive change in Africa’s healthcare landscape.
With the fresh infusion of capital, Helium Health intends to strengthen its fintech capabilities, recognizing the intrinsic link between finance and healthcare. By integrating financial services into its platform, Helium Health aims to provide seamless payment solutions, insurance integration, and loans for healthcare providers. This expansion will enhance operational efficiency, improve access to healthcare financing, and enable better financial management for medical practitioners.
Nigeria’s healthcare system faces several challenges, including limited access to quality healthcare, inefficient record-keeping, and inadequate infrastructure. Helium Health’s mission is to address these obstacles head-on by harnessing the power of technology. The company’s suite of solutions empowers healthcare providers with real-time patient data, optimized workflows, and enhanced communication channels. By doing so, Helium Health contributes to improved healthcare delivery, better patient outcomes, and more effective resource allocation.
While Nigeria is Helium Health’s home base, the company aspires to expand its footprint across Africa. The Series B funding will enable Helium Health to accelerate its expansion plans, bringing innovative solutions to healthcare providers in other African countries. By fostering collaborations with local partners, governments, and healthcare organizations, Helium Health aims to create a pan-African network of interconnected healthcare systems, ensuring access to quality care for all.
Helium Health’s successful Series B funding round of $30 million is a testament to the company’s commitment to revolutionizing healthcare in Nigeria and beyond. With its robust suite of digital solutions and the integration of fintech offerings, Helium Health is well-positioned to overcome the challenges faced by healthcare providers and patients. As the company continues to expand its reach, it has the potential to transform healthcare systems throughout Africa, creating a positive and lasting impact on the continent’s well-being.
