International Finance

Kenyan healthtech TIBU raises funds to scale its operations

TIBU healthtech_IFM_Image
TIBU’s on-demand platform that connects people to healthcare workers in real-time

Kenya-based healthcare startup TIBU has completed its seed funding round and will use the funds to scale its operations, media reports said. Launched in 2020, TIBU’s on-demand platform that connects people to healthcare workers in real-time. The startup has served over 10,000 users since its launch.

Investors such as Blue Haven Initiative and Kepple Africa Ventures participated in the funding round for TIBU which was oversubscribed by 100 percent. The funds will also be used to expand into tech-driven home-based sample collection market, the establishment of in-house lab capabilities, service expansion into home-based imaging, marketing, and business development.

Jason Carmichael, TIBU’s chief executive officer (CEO) and co-founder, told Disrupt Africa, “We are extremely happy to work with such sophisticated investors and partners as Blue Haven Initiative and Kepple Africa Ventures. Their track record of providing tangible, non-monetary support to budding companies is something that we are particularly looking forward to as we expand services in Kenya.

“The proceeds from this round will be used to source great local software engineering talent so that we can build a globally competitive back-end that focuses on health service logistics, as well as a front-end platform that will allow for a more streamlined user experience when scheduling our many services.”

During the time of its launch, Carmicheal said that patients no longer have to run from one hospital to another to obtain paper or digital health records. This saves time and money. Each medical consultation has a dedicated records page where all health, lab, diagnosis, prescription and billing information are securely stored.

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