Private Equity Company Webrock Partners With Healthforce To Launch Healthcare App In South Africa

Private Equity Company Webrock Partners With Healthforce To Launch Healthcare App In South Africa. Webrock, venture capital and private equity company headquartered in Stockholm, has partnered with Healthforce, a digital health company majority-owned by South Africa’s leading retail pharmacy chain Dis-Chem, to launch a Swedish healthcare app in South Africa.

According to Venture Burn, the launch of the platform in Africa follows a pre-seed round of $3-million in funding secured and according to reports the platform will initially launch in South Africa with plans to expand across the continent.

Joshin Raghubar, Partner at Webrock Ventures Africa told Venture Burn that its hand in the success of a digital health app in South America spurred on the launch of in Africa. “Given the speed at which telehealth has grown over the past few years globally, coupled with our experience from successfully building Brazil’s largest digital health company, ViBe Saúde, there is a window of opportunity to transform access to healthcare on the African continent. With a large population and rapidly increasing smartphone and internet penetration, Africa is an obvious and attractive healthtech market opportunity. Using data is infinitely cheaper than having to spend time and money travelling to and from clinics, not to mention paying for the clinic visit itself.”

Saul Kornik, CEO of Healthforce told Venture Burn that the new platform will provide easy access to primary care for many Africans. “Currently, only 16% of South Africans[i], 9% of Nigerians[ii] and 1% of Ugandans[iii] for example have medical scheme cover since the costs remain out of reach for the majority of the African population. While governments on the continent are attempting to make quality health services more accessible via national health insurance schemes, universal healthcare provision has not proven feasible seeing that there are people living in rural areas with little to no access to facilities, while others reside in urban areas and have these on their doorstep. But this new platform, to a large extent, ensures everyone can enjoy the same quality care from the same group of healthcare professionals, no matter where in Africa they are situated, as long as they have a cellphone and internet connection.”

Founded in Stockholm, is an e-health company that helps members find, book, and get access to the best healthcare. The platform, which makes use of a freemium model and innovative approaches to reduce data costs, offers on-demand and scheduled consultations with nurses, general practitioners, mental health professionals, and ongoing wellness management.

By Thomas Chiothamisi

Show More

Related Articles

Back to top button
You cannot copy content of this page