SA healthtech RecoMed secures funding from Japanese pharma Eisai
TLDR
- RecoMed secures funding from Eisai to support growth
- Technology-driven healthcare platform connects patients and practitioners
- Facilitates 250,000 patient visits and 100,000 bookings monthly
South African digital healthcare marketplace startup RecoMed has recently secured an undisclosed amount of funding from the Japanese pharmaceutical firm Eisai to fuel its ongoing growth trajectory.
RecoMed operates as a technology-driven online healthcare marketplace and booking platform, seamlessly connecting practitioners, patients, and other stakeholders within the healthcare ecosystem. Patients have the convenience of booking appointments with a diverse array of healthcare practitioners in their vicinity, accessible via phone, tablet, or PC.
The platform also serves as a valuable resource for healthcare providers, granting them access to volume-generating patient bookings sourced from various integrated channels such as web searches, medical aids, and life insurers. RecoMed claims to facilitate over 250,000 unique patient visits monthly and successfully confirms over 100,000 bookings each month.
Key Takeaways
One of the most significant trends in African tech in recent years has been the notable increase in investment from Asian powerhouses, particularly China. This surge in interest has expanded the funding options for African startups, which had traditionally relied on Silicon Valley and European venture capital firms. However, this trend is now diversifying further with growing interest from Japan, where a mix of early-stage and corporate venture capital investors are exploring opportunities on the continent. In addition to AAIC and SBI's support for Novastar, other Japanese entities are entering the African tech landscape. Kepple Africa Ventures boasts a portfolio of more than 100 African companies and manages the $100 million Verod-Kepple Africa Ventures fund. Uncovered Fund, founded in Tokyo in 2019, has invested in 26 African startup companies.
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