Ilara Health, a health-tech company headquartered in Kenya, recently announced a significant milestone, successfully closing a $4.2 million funding round in its endeavor to modernize and consolidate the fragmented primary healthcare sector in Kenya and beyond.
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With this latest infusion of capital, Ilara Health’s total funding now stands at an impressive $11.7 million. This includes a $3.75 million seed round in 2020, previously reported as Series A funding, and multiple grants, including two grants totaling $1.6 million from the Bill & Melinda Gates Foundation.
Ilara Health is committed to providing affordable, accessible, and quality healthcare across Kenya, with a primary focus on peri-urban areas. Initially addressing a critical gap in diagnostics within primary healthcare centers, the company introduced revenue-generating diagnostic assets that enabled clinics to instantly scale their operations.
Ilara has evolved by digitizing entire end-to-end operations and leveraging data to enhance its business model, emerging as a comprehensive solution provider for clinics in need of diagnostic tools, consumables, and pharmaceuticals.
The investment will drive Ilara Health’s ambitious plans for the next 12 months, including significant topline growth, expansion of its partner clinic network, and introduction of new growth phases such as employee health services through B2B health & occupational services. Initially available in select locations, these services will eventually be rolled out nationwide, strengthening Ilara Health’s branded clinics and driving revenue growth towards profitability.
Ilara Health secured funding from DOB Equity, AAIC INVESTMENT, Angaza Capital, Black Pearl Investments, Perivoli Innovations, the Philips Foundation, and Boehringer Ingelheim.
The company plans to focus on technology and its proprietary Practice Management Software to leverage data for business growth. These investments will support the expansion of primary care clinics and staff training, with plans to increase from eight to 50 clinics by the end of the year.
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