Moroccan based UM6P Ventures announced that it has invested an undisclosed amount in Zuri Health to support its growth and expansion across Africa.
The funds will be utilized to upgrade its existing technology, employ additional personnel, and broaden the services and regions available to patients. With this funding, Zuri Health will be able to serve more patients and enhance the level of care they receive.
Zuri Health recently closed a $1.3 million pre-seed funding round with investments from DOB Equity, Launch Africa and Founders Factory Africa.
Zuri Health, a telemedicine company established in 2021, offers quality, cost-effective and accessible healthcare services to patients throughout Africa through its mobile application, website, WhatsApp chatbot, and SMS service. The platform enables patients to communicate and consult with doctors, purchase medication from pharmacies, schedule lab tests and diagnostic procedures, and arrange home visits with licensed medical doctors.
Zuri Health has so far recruited more than 600 physicians to its platform and formed partnerships with over 16 pharmacies and 29 laboratories, such as PharmaPlus and Ilara Health. Through these collaborations, Zuri Health has received over 10,000 lab and pharmacy orders and 24,000 interactions with its WhatsApp Bot.
UM6P Ventures is the investment arm of UM6P, founded as a vehicle for the university to advance entrepreneurship and accelerate scientific innovation in Morocco and Africa, backed by the OCP Group. UM6P Ventures is an African based early-stage ventures firm operating two funds; a Digital Transformation fund and a Deeptech Ventures fund. It caters to innovators and entrepreneurs in the fields of science and technology and invests in startups from their creation to Series A funding.
Zuri Health’s Chief Operating Officer and Co-Founder, Titilola Olaolu-Hassan shared: “Being at the helm of a rapidly growing and evolving company like Zuri Health is an interesting challenge. The company’s growth rate shows that we are doing something right. We will continue to improve our operations and services to serve people better.”
Yasser Biaz, CEO at UM6P Ventures stated: “Several healthcare providers and facilities are still centralized in major cities or urban centers. Our investment in Zuri Health is what will help us in filling that gap, increase efficiency in the pharma supply chain, and broaden our reach. There’s no way enough hospitals will be built to reach everybody with the health care that they need.”
Since its creation, Zuri Health has received 19 awards and accolades, including being the winner of the Villgro Africa Healthcare Innovation Challenge in partnership with Johnson and Johnson Impact Ventures to assist healthcare professionals and winning the SANKALP Awards 2022
