Following the raising of a $3 million Pre-Series, MDaaS Global health tech company and operator of Nigeria’s fastest-growing healthcare network – BeaconHealth Diagnostics has a total investment of $6.8 million to date.
The new investment round was co-led by Aruwa Capital Management and follow-on investor Newtown Partners. It also landed additional follow-on investment from Ventures Platform, one of the company’s earliest institutional investors.
According to the company, the additional capital will be used to further develop the company’s proprietary technology platform, BeaconOS, which it launched last year, and to expand its healthcare network to all 36 states in Nigeria through a mix of company-owned and affiliate clinics.
A strategic move, experts in the industry believe will propel MDaaS Global closer to its mission of democratising access to high-quality diagnostics and healthcare services across the continent.
“Years of operating within Nigeria’s healthcare system have given us a deep understanding of its challenges and points of friction. At MDaaS Global, we’re leveraging this experience to develop technology uniquely tailored to the African healthcare experience. BeaconOS isn’t just about solving our challenges; it’s empowering our patients and partners with solutions customised to their needs and revolutionising healthcare delivery across Africa,” Oluwasoga Oni, CEO of the MDaaS Global said.
With a focus on reaching underserved communities, MDaaS Global launched its first diagnostic clinic in 2017, providing imaging, cardiac, and laboratory services. Since then, the company has experienced remarkable growth, expanding to 17 locations across 10 states in Nigeria. Through a combination of its technology backbone and distributed care network, MDaaS Global has served over 275,000 patients to date and currently supports over 1,300 healthcare facilities, companies, and HMOs who rely on BeaconHealth for their diagnostics needs.
BeaconOS, the company’s latest technology, serves as the digital backbone of MDaaS Global’s healthcare network, akin to a computer’s operating system, that optimises and connects their physical clinics, which act as the ‘hardware.’ Built on top of BeaconOS are a suite of applications designed both to streamline healthcare delivery at BeaconHealth clinics and to digitally integrate with the company’s diverse network of partner organisations.
Last year, MDaaS launched its first application, called Olewerk, for optimising diagnostic workflows, currently deployed across all of its 17 locations, and developed its first partner-facing application, Beam, which enables its corporate partners to seamlessly manage occupational health for their teams.