Top 30 Medical VC (Venture Capital) Funds in Nigeria in October 2023

Portfolio highlights

• Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
• Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
• Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.

Portfolio highlights

• D3 — D3 - DNS Domains for Web3
• Silkhaus — A seamless, sophisticated experience you can rely on. Choose from the wide variety of furnished Boutique Flats and apartments for short and long-term stays from Silkhaus.
• Metriport — Metriport helps digital health companies access and manage patient health and medical data, through an open-source and universal API.

Portfolio highlights

• CMR Surgical — Welcome to CMR Surgical. Transforming surgery. For good. Our aim is to make the benefits of minimal access surgery available to everyone who needs it.
• Enflame — Suiyuan Technology is a provider of neural network solutions for artificial intelligence. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will adopt a unique and innovative architecture independently developed, featuring high computing power,high energy efficiency ratio, programmable, low cost, and support for mainstream machine learning frameworks. It is designed and optimized for cloud AI training.
• Broken String Biosciences — Our platform accelerates the characterisation of novel gene editing technologies to unlock the next wave of cell & gene therapies.

Portfolio highlights

• Assis — Assis goal is to empower business owners by helping them grow their companies through technology that gives customers an amazing experience each and every time they connect with them.
• Naya Homes — Proptech, real estate, vacation and short-term rentals, consumer finance
• Somos Internet — Somos Internet is a network and telecommunications startup that provides latest generation internet with a fast, secure, stable connection. The company was founded in 2018 and is headquartered in Medellín, Antioquia, Colombia.

Portfolio highlights

• Bankly — Bankly is a digital savings and peer to peer transfer product where users fund their wallet using tokens available on Bankly vouchers nationwide in a “Recharge to save” model. This cash digitisation system is similar to the telco mobile airtime top up and is currently available on MTN and 9mobile networks in Nigeria.Financial services has to beseen through the lenses of a fast moving consumer product in order to reach the last mile and the use of vouchers has been proven to be a successful cash digitisation system by the telecoms industry. Leveraging this existing consumer behaviour to drive financial inclusion, reduce cost of financial services and create a foundation to provide other financial services is where Bankly identifies huge potential and is poised to make an impact.
• Bamboo — Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks. The investment platform is accessible on both computers and mobile phones.
• Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.

Portfolio highlights

• CribMD — CribMD is Uber for Doctors, we do Doctor House Calls and Telemedicine in Africa. Using technology, we make it easy to get care from the comfort and safety of your home, on your schedule.At CribMD, we're retooling every step of the care process, from affordability, patient-provider matching, to billing, & health record management. Throughthe touch of an app or a click on our site, an affordable, highly-vetted, qualified medical doctor will arrive at your door, twenty four hours a day, 365 days a year.The CribMD experience brings preventive, primary, and urgent care to a patient’s doorstep. We empower our medical teams to develop deep patient relationships through unhurried visits, comprehensive care, and immersion in the patient’s home environment. We invest heavily in the patient experience while minimizing overhead and paperwork, and through this model we have achieved some of the highest patient satisfaction scores in the industry and 5 star ratings on care gap closures.

Portfolio highlights

• GetEquity — GetEquity is a NASDAQ for venture capital. We provide an exchange and liquidity for private companies, and an infrastructure for different cadres of venture capital around investing, founder liquidity, and shareholder management
• Healthtracka — Healthtracka is a digital health platform that allows consumer direct access to lab tests bookings, at-home sample collection and digital results in 1-3days
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.

Portfolio highlights

• Sava — Sava is a multi-management platform that provides an unlimited number of virtual cards as well as automated accounting reconciliation.
• Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
• Bettr — Bettr is a digital banking app for creator. Download the app to get your zero monthly fee digital bank account and virtual card. Join our community of creators, gamers, influencers, freelancers, tiktokkers, streamers, YouTubers and digital gig workers.

Portfolio highlights

• Shamba Pride — Shamba Pride is a revolutionary Rural Distribution system for African Farmers, it provides online-to-offline DigiShop marketplace.
• Applied Cognition — Applied Cognition is developing a novel medical device and platform for translational measurement of a newly discovered biology of the brain whose failure has been shown to cause neurodegeneration in preclinical models. We will be the first to non-invasively, continuously measure this biology in humans enabling us to develop treatments that stop or reverse the progression of neurodegenerative diseases such as Alzheimer's and Parkinson's.
• Indian School Finance Company — ISFC is a Non-Banking Finance Company engaged in the business of lending to educational institutions and entrepreneurs managing such institutions. The company started its operations in December 2008 from Hyderabad and has expanded since to other cities.

Portfolio highlights

• Daylight — Banking for you and your chosen family.
• Frank Innovations — A simpler and cheaper way to get a car. Order your car subscription online in minutes from GO. Save ...
• HealthAtom — HealthAtom is a healthcare software platform that design innovative healthcare solutions that allow the clinical industry to advance in the use of administrative technologies. They dentalink and medilink software for better healthcare services for patients.

Portfolio highlights

• HACARUS — We make AI work, where common Big Data aproaches fail. Get explainable results, even from small data amounts. Available on the cloud or as embedded devices.
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
• Revital Healthcare — Revital revolutionizes healthcare by bringing advancedmedical devices, including WHO-Prequalified syringes, meeting the healthcare needs of Africa and beyond.

Portfolio highlights

• Hakbah — Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app.
• Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.

Portfolio highlights

• Healthlane — Understand, Track and Improve Your Health Experience better health with interactive tools that help you manage your lifestyle, giving you personalised insights to achieve your health and fitness goals. Get started Move From Sick Care to Preventive Care Over 70 in depth tests designed to detect diseases before they strike. Results in 45 minutes! No

Portfolio highlights

• Meeno — Meeno is a relationship mentoring app powered by generative AI
• PartyKit — PartyKit is an open source deployment platform for AI agents.
• Iambic Therapeutics — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.

Portfolio highlights

• Angle Health — Digital-First Health Plans For The Modern Employee
• KURUKURU — Bring your comics and visual stories to life in clicks on KURUKURU.
• Leadoptik — Leadoptik is a California-based company is currently operating in stealth mode.

Portfolio highlights

• Vega — The comprehensive wealth creation platform for high-net-worth individuals and their advisors. Vega bridges the gap between the institutional and private wealth management worlds.
• Komet Games — A casual gaming platform powered by intelligent AI agents. Explore puzzle, battle, and hyper casual games with friends, all under one roof.
• Spot My Energy — Spot My Energy increases the value of smart power by increasing transparency in energy flows and handling metering, asset optimization, and trading.

Portfolio highlights

• Gozem — Gozem is a transport technology platform for Francophone West and Central Africa.
• CrowdForce — We empower businesses to drive mass adoption of digital, and financial services to underserved population in their communities.
• RelianceHMO — RelianceHMO is solving this problem by providing affordable and reliable insurance packages for the average African. Reliance makes health insurance in Africa cheaper and easier to access by combining Telemedicine with data science.

Portfolio highlights

• DePoly — DePoly is a spin off out of the LSMO lab at EPFL- Valais that has developed a novel technology allowing for the chemical recycling of PET plastic back to its main two components ethylene glycol (EG) and terephthalic acid (TPA). Our approach turns low valued materials (PET waste) into high-valued chemicals like TPA creating a circular economy. Weexpect this process to generate revenue from chemically recycling PET to TPA/EG, which can be sold back to industry to make new virgin PET plastic and allowing for a sustainable source of TPA and EG on the market.
• ANYbotics — ANYbotics provides autonomous legged robots for industrial applications to provide high availability and reliability in automated routine inspections.
• Pledge — Pledge makes it simple for businesses of every size to measure, reduce and offset the climate impact of their products.

Portfolio highlights

• X (formerly Twitter) — Twitter is a social networking platform that allows its users to send and read micro-blogs of up to 280-characters known as “tweets”. It enables registered users to read and post their tweets through the web, short message service (SMS), and mobile applications. As a global real-time communications platform, Twitter has more than 400 millionmonthly visitors and 255 million monthly active users around the world. Twitter’s active group of registered members includes World leaders, major athletes, star performers, news organizations, and entertainment outlets. It is currently available in more than 35 languages. Twitter was launched in 2006 by Twitter's international offices are located in Amsterdam, Berlin, Dublin, London, Madrid, Paris, Rio de Janeiro, Sao Paulo, Singapore, Sydney, Seoul, Tokyo, Toronto, and Vancouver.
• ZetaChain — An EVM-compatible L1 blockchain that connects everything: Build interoperable dApps that span any chain including Bitcoin, access all chains from one place.
• The Boring Company — The Boring Company constructs safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels.

Portfolio highlights

• Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
• Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
• Intuition Robotics — Intuition Robotics empowers older adults to live happier, healthier and independent lives at home with an empathetic digital companion, ElliQ.

Portfolio highlights

• Shuttlers — Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region.
• Snowstorm — Snowflake is decentralized and is deployed as a pluggable transport for Tor.
• Senga Technologies — Welcome to Senga, custom-built, with love, for businesses shipping in Africa.

Portfolio highlights

• ZELF — Zelf is a neobank targeting Gen Z to bring financial services to where they live – in messengers. This is the lightest bank with the easiest onboarding process taking up to 60 sec to issue a card, receive and send money without leaving the messenger. We are uniquely offering AI-powered voice control over the most of financial operations, whichmakes us first voice-enabled banking for Gen Z who prefers voice interactions with their devices.
• Healthlane — Understand, Track and Improve Your Health Experience better health with interactive tools that help you manage your lifestyle, giving you personalised insights to achieve your health and fitness goals. Get started Move From Sick Care to Preventive Care Over 70 in depth tests designed to detect diseases before they strike. Results in 45 minutes! No

Portfolio highlights

• Bacu — Bacu provides restaurant technology and offer a comfort food concept.
• Kenzz — Kenzz is an e-commerce platform bringing shopping to the mass market in Egypt and MENA.
• Meliora Therapeutics — Bringing together modern molecular fingerprinting, machine learning, and cutting edge biology

Portfolio highlights

• CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
• UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
• Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.

Portfolio highlights

• Craydel — Get Professional career guidance based on Psychometric Assessments and get scholarships to the best MBA, Engineering, Medical, Education online and on campus courses in Africa and Abroad.
• EMTECH — For Modern Central Banking
• Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.

Portfolio highlights

• Kuunda — Kuunda provides consulting, liquidity management, data insight tools enabling users to fulfill financial needs through a digital platform.
• Grabango — As the leader in checkout-free technology for large-scale grocery and convenience stores, Grabango is working with billion-dollar global retailers to retrofit existing stores to make waiting in lines a thing of the past. We just raised $39M in Series B funding, and we are excited to accelerate the growth of our team and our store deployments todeliver on our mission to eliminate lines and save people time.With Grabango, shoppers choose their items as usual, and then skip the line by scanning a code in their Grabango app on the way out. Our solution uses computer vision technology to identify items as they are picked up. It counts those items and sends the receipt to the shopper’s phone after they leave the store. Grabango delivers a seamless shopping experience that is becoming the global standard.Driven by passion to improve peoples’ daily lives, our technology brings computer vision and machine learning to existing brick-and-mortar stores by processing the interactions between people and products. We are the first and only company to successfully retrofit checkout-free technology into an existing store and work with high accuracy in a dynamic, real world environment. No facial recognition technology is used and all data is anonymized to protect customer privacy.Founded in 2016, Grabango is based in Berkeley, California.
• Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.

Portfolio highlights

• Healthlane — Understand, Track and Improve Your Health Experience better health with interactive tools that help you manage your lifestyle, giving you personalised insights to achieve your health and fitness goals. Get started Move From Sick Care to Preventive Care Over 70 in depth tests designed to detect diseases before they strike. Results in 45 minutes! No

Portfolio highlights

• Shabodi — Enterprise Software, SaaS, PaaS, 5G
• NotiSphere — Notisphere enables medical device suppliers to communicate product recalls electronically and receive and track the acknowledgments received from healthcare providers. Its platform enables two-way real-time communications and allows fora reduced cycle time to execute on recalls. The NotiSphere platform allows providers to only receive recall alertsthat directly affect them. This results in fewer patients exposed to recalled items, significant reduction of effort by providers to execute on recalls, and significant savings to both suppliers and providers.
• Gradient Health — One of the biggest barriers to accelerating AI development is access to large datasets of labeled pathologies.

Portfolio highlights

• Terraa — Terraa is a B2B distribution platform in Moroccan.
• OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
• Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.

Portfolio highlights

• Radiant — Clean. Portable. Safe. Energy
• Cache Energy — Cache Energy is developing energy storage technology that is non-toxic, non-flammable, and a fire retardant for easy transportation.
• Pow.bio — Pow.bio provides fermentation services for synthetic biology.