Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services
Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the masses through the rollout of a B2B health and occupational service that will enable uninsured workers access care at its network of partner clinics for a fixed monthly fee.
The $2.5 million equity round was led by DOB Equity, with the participation of the Philips Foundation and existing investors like AAIC Investment, Angaza Capital, Black Pearl Investments, Perivoli Innovations. Debt investment came from Alphamundi, Kiva Capital and Boehringer Ingelheim. The new round brings the total debt, equity and grant funding secured by the startup to $11.7 million.