Farukh Kitchlew | Feb 19, 2024 | 0
Ilara Health Receives $4.2M Funding to Expand Clinic-Support Services
Ilara Health, a Kenya-based health-tech company, dedicates itself to improving healthcare access in the country. The company focuses on digitizing and consolidating primary care services. Founded in 2019 by Emilian Popa, Maximilian Mancini, and Sameer Afzal Farooqi, the company initially focused on addressing the gap in diagnostics faced by primary healthcare centers in Kenya.
In its latest funding round, Ilara Health has secured $4.2 million in debt-equity to support its expansion efforts. Led by DOB Equity, the funding round also includes investments from AAIC Investment, Angaza Capital, Black Pearl Investments, Perivoli Innovations, Philips Foundation, and Boehringer Ingelheim. With this infusion of capital, Ilara Health aims to scale its operations across Kenya.
Strategic Partnerships and Growth
Ilara Health’s approach involves partnering with private clinics to provide them with diagnostic devices, pharmaceutical products, and other essential items on credit. By enabling these clinics to run well-equipped facilities, the company ensures quality primary healthcare services for patients. Additionally, Ilara Health offers subscription-based practice management software to digitize clinic operations and improve efficiency.
Since its inception, Ilara Health has made significant strides in the Kenyan healthcare sector. The company currently serves over 3,000 clinics across the country, covering 42 counties and impacting over 5 million patients annually. Through its innovative tech infrastructure, Ilara Health aims to bridge the financing gap and modernize healthcare delivery processes.
Paving the Way for Better Healthcare
With the support of its investors and strategic partners, Ilara Health is poised to revolutionize healthcare access in Africa. By focusing on primary care and leveraging technology to empower healthcare providers, the company is driving tangible improvements in patient outcomes. As Ilara Health continues to expand its reach and offerings, it remains committed to its mission of making quality healthcare accessible to all.