Rocket Health, a telemedicine and last-mile healthcare company startup based in Uganda, has raised $5 million in a Series A round of funding. CREADEV – Creating for People, an evergreen investment company backed by the Mulliez family of French entrepreneurs, led the $5 million Series A round. CREADEV – Creating for People was joined in the round by current early-stage African investors Grenfell Holdings and LoftyInc Capital Management.
Rocket Health was founded with the goal of providing drugs and last-mile healthcare. It is Uganda’s leading telemedicine provider, providing an end-to-end healthcare experience to over 25,000 patients. The startup’s approach integrates four services: 24/7 teleconsultations, pharmaceutical delivery, home sample collection for laboratory diagnostic tests, and physical expert clinic consultations.
The funds will be used to speed the startup’s technical roadmap and geographical growth into Uganda’s several regions as well as Kenya. Dr Davis Musinguzi, Rocket Health’s founder and CEO said “Rocket Health is on a quest to make quality primary healthcare accessible, affordable and convenient to achieve the best outcomes for as many Africans as possible through the exponential power of technology.
We’re elated that the investment thesis of Creadev and the Mulliez family resonates deeply with this timeless vision of the Rocket Health founding team. Together, we shall build a sustainable digital healthcare value chain down to the last mile across Africa.”
Pierre Fauvet and Sarah Ngamau of Creadev Africa said they were delighted to partner with Rocket Health on its mission to make healthcare accessible to the many in Sub-Saharan Africa.
“We have been highly impressed by the creativity, tenacity and vibrant culture of the Rocket Health team, which holds an ambitious vision for the future of African primary care. The opportunities are countless, from data analytics to innovative distribution channels. Together with like-minded investors, we look forward to bringing our experience in retail, e-commerce, logistics and digital health to support Davis and his team as they revolutionise access to Healthcare in Africa,” they said.
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Source: Uganda’s Rocket Health raises $5m Series A funding round
Category: Eastern Africa, Entrepreneurship
