Technology

E-health startups in Africa have raised more than $90 million this year

The number of African e-health start-ups operating across the continent has reached an all-time high at 180 active enterprises, while space investment continues to accelerate, hitting record rates in the first half of 2020 following the COVID-19 pandemic.

According to High Tech Health: Exploring the African E-Health Startup Ecosystem Report 2020 released by Disrupt Africa, the number of startups active on the continent’s health-tech space has grown by 56.5 per cent over the past three years, with 180 undertakings currently in operation.

Investors have expressed the passion for e-health. During the first half of 2020, over half of all money to have gone into space in the past five years has been transacted. E-health startups have raised over USD 90 million so far this year.

“Interest in Africa’s e-health space has accelerated in the last 18 months, and with the advent of the COVID-19 pandemic, e-health startups are suddenly in the spotlight. We ‘re excited to be presenting this timely work, highlighting the capabilities of the e-health ecosystem in Africa, “said Disrupt Africa co-founder Gabriella Mulligan.

“Suddenly, from an economic viewpoint, Africa’s health-tech sector emerges as one of real importance, while the future effect on projects in this area is undeniable. With entrepreneurs around the continent innovating in different ways to tackle very specific health care delivery issues, this study sheds light on some of the most exciting developments, “said Disrupt Africa co-founder Tom Jackson.

The study shines a light on national e-health markets, and analyzes eight health-tech ecosystem sub-sectors. This looks at the effects of COVID-19, as well as a related section on space finance over the last five years. There is also a full list of 180 African e-health startups.