Funding

Innovative Healthtech Startup Berry Health Raises $1.6M to Combat Health Stigmas in Africa

Ghanaian health tech startup Berry Health has raised $1.6 million in a pre-seed funding round. The funding round saw participation from large-scale U.S. fund Lightspeed Ventures and General Catalyst, with the former marking its debut investment in Africa, thereby indicating the rising potential of this market. 

Other significant contributors include Jen Wong, COO of Reddit; Demetri Karagas and Steven Gutentag, co-founders of Thirty Madison; Ed and Betsy Zimmerman, a New York tech attorney and V.C.; and Regina Benjamin, former U.S. Surgeon General.

The $1.6 million funding is a substantial financial infusion that will enable Berry Health to enhance further and broaden its health tech platform. This investment primarily aims to confront the widespread stigma associated with mental and sexual health in Africa. Berry Health is on a mission to transform the region’s healthcare landscape by providing non-judgmental services that employ technology to overcome stigma-based barriers.

Several compelling factors led investors to back Berry Health. The continent’s alarming STI and mental health statistics are one of the main concerns. Currently just behind Southeast Asia in STI prevalence, Africa witnesses over 80 million reported cases yearly. Alongside this, Africa’s suicide rate, which is around 11 per 100,000 people annually, is higher than the global average, per the World Health Organization. These distressing figures underscore the pressing need for addressing mental and sexual health matters in the region.

Source: www.techinafrica.com

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