Health tech startup MDaaS Global has secured $3 million in pre-Series A funding. The investment, targeted at expanding its offerings, marks a milestone for the startup as it seeks to leverage technology to provide accessible and high-quality healthcare services across the country.
Founded in 2017 by CEO Oni, Opeyemi Ologun, and Genevieve Oni, MDaaS Global operates a network of tech-enabled diagnostic centres across Nigeria. The startup’s mission is to bridge the gap in healthcare access by offering a range of services, including imaging such as digital x-ray and ultrasound, cardiac services like ECG and echo, and various lab services spanning chemistry analysis to immunoassay and hematology.
According to MDaaS Global’s statement, the company plans to utilize the investment to launch BeaconOS, its proprietary technology platform launched last year. BeaconOS aims to streamline operations and enhance patient care by providing advanced diagnostic capabilities and seamless integration across its network of diagnostic centers.
The pre-Series A funding round was led by Aruwa Capital and Newton Partners, with follow-on capital from Ventures Platform. Aruwa Capital’s founder and managing partner, Adesuwa Okunbo Rhodes, expressed excitement about partnering with MDaaS Global, highlighting the startup’s impressive growth and commitment to revolutionizing healthcare delivery in Africa.
“We are thrilled to partner with MDaaS Global on their mission to revolutionize healthcare delivery in Africa. MDaaS’ track record of consistent and impressive growth, as well as their dedication to bringing high-quality diagnostics to high-need patients, resonated deeply with us,” said Adesuwa Okunbo Rhodes. “As a gender-lens investor, we are especially excited to support a company that is driving change for women across Nigeria — over 60% of BeaconHealth patients are women, predominantly of reproductive age — and MDaaS shares our commitment to building gender-diverse teams.”
MDaaS Global’s expansion plans include extending its healthcare network to cover all Nigerian states through a combination of company-owned and affiliate clinics. The startup aims to address the healthcare needs of underserved communities while empowering women, who constitute a significant portion of its patient base.
Since its inception, MDaaS Global has provided care to over 275,000 patients, leveraging its integrated care network and BeaconOS capabilities. In the past year alone, the health tech served 108,724 patients, with women constituting 60.8% of the total. Additionally, MDaaS conducted over 240,000 diagnostic tests, with chest x-rays, urinalysis, and full blood count ranking among the top three procedures performed.
Patients access MDaaS Global’s facilities through the SentinelX app, a personalized care program that allows them to pay a one-time fee for yearly access to a doctor. The app enhances patient experience by providing easy access to healthcare services and ensuring continuity of care.
Looking ahead, MDaaS Global aims to continue its expansion efforts, with plans to construct an additional 23 diagnostic centers in the coming years. The startup remains committed to its mission of improving healthcare access and outcomes for all Nigerians, leveraging technology and innovation to drive positive change in the healthcare sector.
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