(Source: PATH)
From the newsletter
In the month of October, four healthcare startups in Africa raised a total of $6 million. That’s marginally higher (by $100,000) than last month. Docline and Ades secured venture capital of $5.2 million and $600,000 respectively. NuvoteQ and Waspito received grants worth $100,000 each from the Alibaba Foundation.
For the first time this year, digital clinical trials tech was funded. NuvoteQ, a company that offers a range of software products designed to empower clinical and pharmaceutical research organisations, received funding in September. The rest provide telemedicine services.
Funding was spread across southern (NuvoteQ), central (Waspito), western (Ades) and northern Africa (Docline).
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