TechInAfrica – The Nigerian healthtech startup MDaas (medical devices-as-a-service) has raised a total of $3.7m in a seed round led by Newtown Partners, who invested via its Imperial Venture Fund, CRI Foundation, and return investors FINCA Ventures, Techstars, and Future Africa.
The startup has been working on producing as much as diagnostics tests, which came up at over 80,000 diagnostic tests in the cardiology, radiology, neurology, laboratory, and general health checks, and 40,000 patients have been served in the needing communities. It has partnered with over 500 health facilities and 10 HMO networks, as well as having its referral network used by more than 750 clinicians.
The development of its personalized care program, SentinelX, allows patients to pay a one-time fee of N35k and get a doctor for the whole year, which will be launched in September 2021.
The managing partner at Newtown Partners, Llew Claasen, commented about the program, “Most consumers in sub-Saharan Africa receive suboptimal medical care because of infrastructure gaps, low physician density, delays in diagnostics, and a lack of health data visibility.
“We think the physical diagnostic infrastructure that MDaaS is building out, coupled with the means to collect data and deliver value-added software services, has the potential to completely change the way that physicians, clinicians, and pharmacists do their jobs and lead to better health outcomes for a huge number of previously underserved consumers.”