Nigerian e-health startup mDaaS Global raises $1m funding

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Nigerian e-health startup MDaaS Global, which builds and operates tech-enabled diagnostic centres in clinically-underserved communities, has secured US$1 million in funding.

MDaaS, which helps hospitals access top-of-the-line devices and provides ongoing service support to ensure equipment remains operational, made a United States (US) Securities and Exchange Commission filing earlier this week in which it said it had raised US$1,055,496 in funding from up to 12 investors.

The total offering amount for the round, which began on March 15, is US$1,580,062, with mDaaS chief executive officer (CEO) Oluwasoga Oni telling Disrupt Africa the startup was in the final stretch of fundraising and hoped to have concluded the raise by early May.

mDaaS, which was last year accepted into the first Techstars Impact cohort in Austin, Texas, secured US$100,000 in funding from Ventures Platform in September of last year. Its first centre went live in Ibadan at the end of 2017, and reached break-even in month five.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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