Waspito, Pioneering E-Health Platform, Raises $2.5M to Propel Ambitious Expansion into New Markets
Waspito, a pioneering e-health startup based in Cameroon, has successfully raised $2.5 million in a recent funding round, thereby extending its seed funding to an impressive $5.2 million.
The additional funds are earmarked for the startup's ambitious plans to expand its presence in existing markets and venture into new ones.
Established in 2020 by founder Jean Lobe Lobe, Waspito offers a platform that facilitates instant video consultations between users and medical professionals, all from the convenience of their smartphones.
In addition to this service, Waspito provides mobile laboratory solutions, where lab technicians collect samples from users' homes, and results are delivered digitally.
Having already served over 100,000 patients in Cameroon and Ivory Coast, Waspito is gearing up for further expansion into Senegal and Gabon in the coming months.
The startup has also cultivated a health-centric social network, allowing users to interact anonymously with medical professionals who offer preventive care tips and answers to health-related inquiries.
The funding for Waspito's growth endeavors was secured through an oversubscribed $2.5 million seed extension round, with notable contributions from DP World via Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures, and Health54.
This comes on the heels of a successful $2.7 million seed round in March 2022.
Waspito's expansion plans extend beyond geographical boundaries.
The funds will be utilized to broaden its service offerings, with a strategic focus on connecting Africa's health ecosystem online.
The overarching goal is to address the shortage of medical professionals and tackle various challenges within the African health system.
Expressing enthusiasm about the investment, Jean Lobe Lobe stated, "My team is focused on the big picture while thoroughly executing our growth strategy. This additional funding will enable us to hit the ground running in the new markets and solidify our leadership in the current ones." Lobe further emphasized the significance of existing investors renewing their confidence by doubling down on their investment. New investors, including Health54, AAIC, and the Bill and Melinda Gates Foundation, are expected to contribute not only funding but also their valuable networks and experience to bolster Waspito's mission of improving healthcare access across Africa.
Tom Jackson / Disrupt Africa