MDaaS Global, a Nigerian health tech company has secured $3 million in pre-Series A funding.
The round was co-led by Aruwa Capital and follow- on investor, Newton Partners.
The healthtech startup also received follow-on capital from Ventures Platform, bringing its total investment to $6.8 million.
In its statement on the funding, MDaaS said it will use the investment to develop BeaconOS, and also expand its healthcare network to cover all Nigerian states.
Adesuwa Okunbo Rhodes, founder and managing partner at Aruwa Capital in her statement on the investment said;
“We are thrilled to partner with MDaaS Global on their mission to revolutionize healthcare delivery in Africa. MDaaS’ track record of consistent and impressive growth, as well as their dedication to bringing high-quality diagnostics to high-need patients, resonated deeply with us,”
Founded in 2017 by Oluwasoga Oni(CEO), Opeyemi Ologun, Genevieve Oni, (CFO) and Joseph McCord, MDaaS operates a network of tech-enabled diagnostic centers across the country.
SERVICES
MDaaS offers a range of services at its diagnostic centers, including
- imaging such as digital x-ray and ultrasound,
- cardiac services like ECG and echo, and
- other lab services including
- chemistry analysis
- immunoassay and
- hematology.
- annual screenings for employees in corporate organizations .
- pre-employment screenings and
- government-mandated screenings.
PRODUCTS
SentinelX app serves as a platform for patients and corporate clients to access MDaaS’s services and facilities.
It is also a personalized care program that allows patients to pay a one-time fee for yearly access to a doctor.
BeaconOS is the operating system for MDaaS’ diagnostic facilities.
It provides the company with
- visibility into the day-to-day operations of its centers
- easier management of patient visits and
- easier management of clinical results for its teams.
Olewerk is an app on the BeaconOS for optimized diagnostic workflows. It eases communication between the diagnostic centers and clients.
Beam is also a partner-facing app on BeaconOS that assists partners in managing occupational health for their teams.
MDaaS intends to leverage the new investment to develop new applications on the BeaconOS platform.
One of such is an affiliate clinic portal for real-time patient referrals and results management
PORTFOLIO
MDaaS’ runs its care networks in collaboration with over 1,300 referring clinics and over 1,000 organizations. These include hospitals, pharmacies, health tech startups, corporate partners and 34 HMOs.
The health tech has served 108,724 patients in the last one year (60.8%women), and over 275,000 patients since its inception.
MDaaS conducted over 240,000 diagnostic tests, with chest x-rays, urinalysis and full blood count ranking among the top three procedures performed.
The startup currently has a network of 17 diagnostic centers across 10 states and plans to increase that by 23 more in the coming years.
