- Ilara Health, a Kenya-based healthtech startup, has raised $4.2 million in debt-equity in a pre-Series A round to expand its operations in the East African country.
- DOB Equity led the $2.5 million equity round, which included the Philips Foundation and existing investors such as AAIC INVESTMENT, Angaza Capital, Black Pearl Investments, and Perivoli Innovations. Alphamundi, Kiva Capital, and Boehringer Ingelheim closed the $1.7 debt investment.
- The company plans to implement a B2B health and occupational service that will allow uninsured workers to receive care at its network of partner clinics for a set monthly fee, further expanding healthcare access for the general public.
Emilian Popa (CEO), Maximilian Mancini, and Sameer Afzal Farooq founded Ilara Health in 2019 to provide pharmaceutical products and diagnostic equipment to private clinics, thereby increasing healthcare access.
In 2019, Ilara Health began leasing diagnostic equipment to clinics. Since then, the company has developed to allow health centres to purchase pharmaceuticals and other goods, such as hospital furniture, on credit.
Popa stated that the calculated action has allowed private…