Health-tech Startup, BYON8, Raises $1.5m Seed Round To Scale Its Operations In Africa
Kenya-based digital health firm, BYON8, has raised Ksh.163mn (USD 1.5mn) in seed capital to help it expand across Africa. People Ventures, a Danish early-stage technology investor, led the round, with current investors Jellyfish Invest and T&W Holding, a new investor, also participating.
Read also: Nigerian IT startup, Decago, lands $1.5mn in a seed round
“Having People Ventures lead our Seed round is a great recognition of the work we have done so far and of the continued growth and momentum we are experiencing. This capital will be used to fuel our growth in emerging markets starting with Kenya,” Josef Murad, MD, CEO and Co-Founder of BYON8.
“With 4 bn people living around the world without access to basic healthcare, there is an incredible opportunity for a product like BYON8 to improve access to healthcare. We are incredibly excited to partner with BYON8 and support them on their mission to make healthcare a right, not a privilege,” Claus Zibrandtsen, Managing Partner at People Venture said.
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What You Need To Know BYON8
Launched in October 2019, BYON8 has developed medical diagnostic software that will help people live better lives by laying the groundwork for the next generation of health care. The company’s software uses mathematical algorithms and medical artificial intelligence to convert patient data into calculated diagnosis propositions, enhancing the healthcare procedure and customer experience regardless of their financial wealth.
All BYON8 customers have access to the BYON8 platforms, which include a rule-based diagnostic engine with over 3.5 billion patient cases and 100,000 rules.
BYON8 is built around two main services: a free symptom checker that allows users to enter their symptoms and figure out what’s causing them, and a paid symptom checker that helps users figure out what’s causing their symptoms. The ability to book appointments with licensed doctors and communicate with them via video or built-in chat.
BYON8 is active in Kenya and Uganda and in a region (Africa) where the market value is expected to reach USD 500bn by 2024.
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