FundingHealthcare

Rwanda’s health-tech startup, VIEBEG Technologies, secures US$1mn funding round to improve its services across Africa

Rwandan health-tech startup VIEBEG Technologies has secured US$1mn in funding from the Rwanda Innovation Fund (RIF), managed by Angaza Capital.

VIEBEG is a health tech startup founded in 2018 by Tobias Reiter (Chief Executive Officer) and Alex Musyoka (Chief Commercial Officer). The startup provides high-quality medical supplies and equipment through an innovative procurement platform.

VIEBEG leverages artificial intelligence to enhance medical provision to users, allowing healthcare providers to acquire autonomously, transparently, and efficiently using the platform.

Read also: Uganda’s Electric Mobility Startup, Zembo, Lands US$3.4m From Toyota, DOB Equity, and InfraCo Africa

Angela Homsi, Angaza Capital Chair speaking on the investment said VIEBEG is revolutionizing a sector that was in need of solutions.

“We are thrilled to invest in VIEBEG, a company that is already changing healthcare across the continent.

“With a mission to enable proper care for millions, VIEBEG’s team is utilizing advanced technologies and extensive knowledge to establish a sustainable revolution in a sector that is in a dire need of viable solutions.

“With its solid institutions, creative innovators, and sustainable development focus, Kigali’s entrepreneurial landscape is growing. There is untapped potential to solve problems shared by hundreds of millions, and Rwanda has an unprecedented opportunity to establish its status as an innovation and sustainable entrepreneurship African leader.

“Angaza Capital is proud to support innovative teams and companies such as VIEBEG and continues to invest great efforts in supporting the evolving ecosystem, and pave the way to a more inclusive, and sustainable future for all,” Homsi said.

Read the original article here

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