A Nigerian healthtech startup that has raised significant funding and is known for its innovative healthcare solutions.
Africa’s expansion playbook in question as VCs signal caution at Raenest Exchange 2025
Venture capitalists are cautioning against the 'grow-at-all-costs' expansion playbook for African startups. The collapse of Reliance Health's international expansion led to over 100 layoffs, serving as a cautionary tale.
Condia Insider: Why African healthtech is struggling
Ilara Health in Kenya has laid off staff after restructuring despite securing a $4.2 million funding round. Medsaf in Nigeria has shut down due to struggles with fundraising and unpaid invoices.
Nigeria’s healthcare crisis is too big for startups to handle
Leke Oshunniyi stated that Nigeria's healthcare system is comparable to that of Somalia and Afghanistan. In Lagos, 555 women die per 100,000 births, compared to 25.7 in Malaysia.
15 startups compete for $10,000 as Pitch2Win announces fifth edition
Techcircle's Pitch2Win competition will take place on July 30, 2025, featuring 15 startups from Africa. The competition offers a $10,000 equity-free grant to the winning startup.
African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close
LoftyInc Capital has reached the first close of its third fund, LoftyInc Alpha, at $43 million. The fund will target late-seed and Series A startups, expanding its geographical focus across Nigeria, Egypt, Kenya, and Francophone Africa.
