Cameroonian healthtech startup, Waspito has raised $2.7million in an oversubscribed seed round.
Partnering in the round were Launch Africa Ventures, Newtown Partners via the Imperial Venture Fund and BLOC Smart Africa managed by Bamboo Capital Partners. Other featured investors include Orange Ventures, Saviu Ventures, Plug and Play, and BringCom.
Proceeds from this investment will be used to grow its user base and expand into Côte d’Ivoire.
Waspito was founded by Jean Lobe Lobe in 2020 with the aim of connecting patients to quality healthcare in the ecosystem.
The telemedicine platform makes provisions for lab technicians to come take basic samples of patients from their homes and deliver medications.
This doorstep service is rightly dubbed health without a step.
Through its wide network of pharmacies and healthcare facilities, Waspito has served 15,000 patients and is driving at extending its reach into four countries over the next 10 years.
According to Disrupt Africa, Capital for health tech startups increased by 257.5% from 2019 to 2020. This increase was spurred by the need for mobile clinics and emergency response service during the Covid-19 pandemic.
“My incredible team has been making baby steps in the right direction and this additional funding will help accelerate execution,” said Lobe Lobe.
“We are proud of the pool of investors we were able to get on this round. Their experience and network will add value to our team as we continue this journey to solving Africa’s health care accessibility and affordability problem.”