Nigerian healthtech startup Reliance Health raises $40M led by General Atlantic –
Summary
Some of that healthcare is provided by Reliance Health directly — through its telemedicine platform, drug delivery system and two clinics based in Lagos, Nigeria. “We weren’t able to manage all those [end-to-end] processes and that necessitated sort of a soft pivot from the whole telemedicine focus thing to this integrated healthcare provider that we’re doing today.” Reliance Health operates business-to-business and business-to-customers models. Based on frequent usage, Kuti said Reliance, for instance, could suggest lifestyle changes if a customer was diagnosed with diabetes and make hospital referrals if a user spent hours on the line at his last visit to the clinic. “General Atlantic is thrilled to announce our first technology investment in Africa in Reliance Health, backing a team focused on improving healthcare quality for millions of patients in Nigeria and abroad,” said Chris Caulkin, the managing director of General Atlantic and head of EMEA Technology in a statement. The chief executive said Reliance Health plans to use a part of the funding to build two more clinic facilities in two Nigerian cities, Abuja and Port Harcourt.