Lagos-based provider of electronic medical records, Helium Health, has secured a $10 million Series A funding.
Founded in 2016 by Tito Ovia, Adegoke Olubusi, and Dimeji Sofowora, Helium Health, formerly known as One Medical, provides an EMR system that eliminates paper records in healthcare facilities along with the risks associated with them through a line of automated processes.
The series A funding round was co-led by Asia Africa Investment & Consulting (AAIC) and Dubai-based, MENA-focused Global Ventures.
Additionally, US-based accelerator, Y Combinator, and Tencent, who have previously participated in the startups $2 million seed round in 2017, also participated in the Series A funding.
Helium Health has received the total VC funding of $12 million from its inception to date.
The new funding comes with the launch of new products, such as the MyHelium Patient app to facilitate appointments and information sharing between healthcare providers and citizens. These new products will help boost operational efficiency, improve revenue generation, expand health financing, monitor public health, and improve health outcomes.
Helium Health is the second startup, after 54gene, to secure double digits funding in 2020, signifying the growing interest in the sector in Nigeria and Africa.