South African healthcare startup, Quro Medical, has secured $1.1 million in seed funding led by Enza Capital and Mohau Equity Partners.
This funding round is aimed at helping the startup scale its operations across South Africa and eventually the entire continent.
Founded in 2018 by Dr Vuyane Mhlomi and Zikho Pali, Quro Medical is based in Johannesburg and leverages technology to make healthcare more accessible and affordable.
“We are focused on saving lives and enhancing patient care. The technology is the enabler, making all of this possible,” says Mhlomi. “This investment will enable us to accelerate our growth and meet the increased demand from our clients.”
Quro Medical currently has a database of close to 150 referring doctors and has over 90% of South African medical insurance schemes under their clients.
With access to Quro Medical’s Hospital at Home feature through their medical insurance, patients are able to receive round-the-clock care without breaking the bank.
Mhlomi added: “Every evidence that’s out there has demonstrated that patients do better at home. Faster recovery, fewer risks to infections, patient satisfaction with care is higher, and sometimes clinical outcomes that are superior to conventional care. And this is why we’re driving the shift away from the hospital.”
Quro Medical has also partnered with MTN to enable better connectivity as a lot of their services, including real-time tracking of patient vitals, are dependent on sound internet connections.
On the investment and future of Quro Medical, Mhlomi said, “Enza and Mohau are seasoned investors with experience in scaling businesses like ours and helping them reach their full potential. We look forward to leveraging this experience in making Quro Medical a household name.”
“Vuyane, Zikho, and the exceptional Quro Medical team are redefining how world-class healthcare is delivered across Africa”, said Mike Mompi, Partner at Enza Capital.
“We are very excited to be invested in Quro, they are a dynamic management team, building out a global medical solution, that will showcase the ability of entrepreneurs on the African continent in advanced digital healthcare,” said Dr Penny Moumakwa, CEO, Mohau Equity Partners.
