South Africa’s online health marketplace startup RecoMed has raised $1.5 million in a round led by Vunani Fintech Fund. RecoMed has thus far invested $1 million and the rest shared by existing investors AAIC, Growth Grid Venture Capital Partners, and Push Ventures.
Launched in 2013, RecoMed was founded by Sheraan Amod, as a marketplace where patients find and book their services with healthcare professionals. Patients can carry out searches and browse practitioner profiles, check reviews, and book physical or virtual telehealth appointments from the apps/website.
According to the article on TechCrunch, healthcare practitioners, insurers and enterprises use the platform differently. Practitioners use RecoMed as a standalone platform or through integration with external Practice Management System (PNS), operating medical ad health practices. The startup says that it currently powers over 200,000 monthly bookings, growing by 700% in 18 months.
RecoMed has been adopted by leading health insurer Discovery. The online health platform improves access and healthcare delivery access for patients by cutting down the time needed for booking the right services.
We are pleased to announce our latest funding round to focus on scaling our operations and launching new products. We recently surpassed 150,000 bookings per month!
— RecoMed (@RecoMed) October 27, 2021