Ventures Platform backs healthtech startup MDaaS with $100k investment

Nigerian venture capital (VC) firm Ventures Platform has invested $100 000 into Lagos-based healthtech startup MDaaS Global.

Ventures Platform founder and CEO Kola Aina announced the investment on Tuesday (4 September) in a post on Medium.

MDaaS Global was founded in 2016 by CEO Oluwasoga Oni, CFO Genevieve Barnard Oni, supply chain manager Joe McCord and Nigeria country manager Opeyemi Ologun.

The healthtech startup wants to build Africa’s largest network of low-cost private medical diagnostic and primary care facilities.

In the Medium post, Aina said MDaaS Global’s first centre — which the startup built in Ibadan, Nigeria — had broken even after five months, in addition to growing revenue by 500% since January.

“In the past four months, we have only gotten more convinced that Soga, Genevieve, Joe, and Opeyemi will succeed and we share their commitment to building a future where African consumers have access to better healthcare, no matter their income level,” said Aina.

We are incredibly excited to share that we are now part of the @vplatformhub family! Thank you to the entire Ventures Platform team for believing in our big vision to build modern, tech-enabled healthcare for Africa’s next billion. https://t.co/B8jR5uPg3F

— MDaaS Global (@mdaasglobal) September 4, 2018

In June, the startup was one of three MIT-incubated ventures selected to join the first cohort of new impact accelerator Techstars Impact. Earlier this year, MDaaS Global was also accepted into Havard Innovation Labs Venture Incubation Programme.

Featured image: MDaaS Global founding team, from left to right Joe McCord, Opeyemi Ologun, Genevieve Barnard Oni and Oluwasoga Oni ( Kola A. via Medium)