Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Cameroonian healthtech Waspito gets $2.5m seed extension

Daba Finance/Waspito gets $2.5m seed extension
BREAKING NEWSNovember 23, 2023 at 10:06 AM UTC

Cameroonian health startup Waspito has secured a $2.5 million seed extension from investors, including DP World, Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54. The funding will be utilized to bolster Waspito's expansion initiatives, with a specific focus on advancing its presence in the Francophone region.

Often likened to the 'Facebook for healthcare,' Waspito is a health-centric social network that empowers users across Africa to seamlessly connect with verified doctors through instant video calls, diverging from traditional telemedicine models that involve pre-registration and appointment booking.

Given the scarcity of doctors, with fewer than 2 for every 10,000 people in target countries, Waspito aims to bridge this gap by offering a comprehensive platform for all healthcare services. The platform enables patients to make payments through various channels, including insurance, thereby incentivizing doctors to remain available online for extended periods.

Key Takeaways

The surge of the COVID-19 pandemic significantly expanded the digital health ecosystem in Africa, prompting numerous startups to address existing and emerging challenges in the healthcare sector. The innovative response to the pandemic is leading to a transformation of the healthcare system throughout the continent. The industry is revolutionizing patient care through various means, including applications, wearables, and remote companions. Additionally, African governments are engaging in partnerships with technology innovators to fortify the healthtech ecosystem. A Salient Advisory report found nearly 50 collaborations in 2022 between health startups and African governments. Available data suggests the digital health market in Africa will experience a growth rate of 15.42% between 2023 and 2027, resulting in a market volume of $10.42 billion by 2027. This underscores the significant potential for expansion and innovation in the African digital health landscape.

Waspito
Seed Round
Startups
Venture Capital
Healthtech
Healthcare
Cameroon
Francophone Africa
DP World
Newton Partners
Saviu Ventures
AAIC Investment
Axian Ventures
CFAO
Health54

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved