Tibu Health, a Kenyan healthtech startup, aims to provide improved access to care and to target chronic diseases.
Kenya’s Tibu Health, an omnichannel healthcare technology company, has closed a pre-Series A fundraising round led by Health54, CFAO Group‘s dedicated healthcare investment vehicle. As with a previous round, the raise was oversubscribed by 50%. The funds will enable the company to strengthen its solutions dedicated to chronic diseases and improve its e-health platform.
Tibu Health was founded in 2018 in Kenya, by a team of health and technology expert with the goal of facilitating access to quality health services. Initially, Tibu Health focused on providing home health services.
Over time, the demand from patients and partners for virtual healthcare and a physical offering in addition to the home service increased. Since 2022, Tibu Health has developed to link the physical and virtual spheres, with a view to offering patients and its business partners three clear healthcare offerings: at home, virtual and at a state-of-the-art clinic.
Tackling chronic disease
“We are particularly excited to expand our program for chronic diseases and to tackle the alarming increase in the incidence of these diseases on the African continent. The funds raised recently will be used to make several strategic investments in our e-health platform and to create state-of-the-art health centers to further facilitate access to healthcare for Kenyans. These funds will also allow us to scale our operations by expanding our commercial team, in order to meet the growing demand from partners for various health programs, including chronic diseases. We will greatly increase our presence in Kenya in the coming months,” said Jason Carmichael, CEO of TIBU Health.
The raise was led by Health54, an investment vehicle of CFAO Group, which seeks to promote innovative solutions to the health challenges facing the African continent. Health54 relies on Africa’s largest healthcare network to support the growth of its holdings.
Delivering quality healthcare
“After playing a key role during the Covid period, Tibu Health managed to adapt and quickly designed and launched one of the most effective solutions for access to quality healthcare for patients. As a new strategic partner, we are committed to helping TIBU Health become a leader in healthcare delivery in East Africa,” said Côme Vercken, CEO of Health54.
Since the launch of Tibu Health as a purely B2C company, its B2B offer shows a regular monthly growth of 20%, and plays an increasingly important role in the trajectory of the company. The funds raised through Health54’s investment will be essential for the Kenyan company to capture this growing customer segment, the company claimed.
“We are absolutely thrilled with the synergies that will emerge from this partnership with Health54. Our interests are totally aligned on the use of technology to solve important challenges in terms of access and quality of care, and concerning the chronic diseases that we currently observe in Africa. CFAO’s existing footprint, present in more than 40 African countries, as well as its numerous partnerships and subsidiaries, and in particular its stake in Goodlife – the largest chain of pharmacies in East Africa will help us to scale our model and amplify our impact,” said Carmichael.