Uganda’s Rocket Health, a telemedicine and last-mile healthcare provider, has closed a $5 million Series A funding round to accelerate its technology roadmap and geographical expansion to the different regions of Uganda and Kenya.
This funding round was led by Creadev, an evergreen investment firm backed by Mulliez family, with the participation of early-stage African investors Grenfell Holdings and LoftyInc Capital Management. The round brings the total funding raised by Rocket Health to $6.2 million.
“We have been highly impressed by the creativity, tenacity and vibrant culture of the Rocket Health team, who hold an ambitious vision for the future of African primary care. The opportunities are countless, from data analytics to innovative distribution channels.”
~ Creadev Africa
The startup was founded in 2012 by Davis Musinguzi to make healthcare easily accessible across Africa, a region with the highest disease burden in the world and the lowest patient-to-doctor ratio.
Rocket Health offers online medical consultation, collection of samples, and delivery of medicines. They also have a USSD service for those without an internet connection.
“I think tech is what helps us cover that gap, create more efficiencies, and broaden our reach beyond. There’s no way we’re going to build enough hospitals to be able to reach everybody with the health care that they need. I think telemedicine really helps breach the gap of availability,”
~ Davis Musinguzi, co-founder and CEO of Rocket Health
Rocket Health runs its own lab and pharmacy delivery services that help them remain in control of the delivery of products and services. They charge a $3 consultation fee and $1.5 for drug delivery.
The latest acquired funds will be used to scale the integrated digital health solution to more regions across the country and within East Africa over the next two years. In the long term, it will pursue growth opportunities in West Africa.
As Rocket Health expands and embarks on its next phase of growth, they have partnered with Ada, a Berlin-based end-user self-assessment platform, to integrate artificial intelligence into its teleconsultations.