MDaaS Global, a Nigerian health tech company revolutionizing access to healthcare through its network of tech-enabled diagnostic centers, has recently secured $3 million in pre-Series A funding. This round was led by Aruwa Capital and Newton Partners, with follow-on capital from Ventures Platform, bringing MDaaS's total investment to $6.8 million.
The investment will fuel the launch of BeaconOS, MDaaS's proprietary technology platform introduced last year. With plans to expand its healthcare network to cover all Nigerian states, MDaaS aims to utilize a combination of company-owned and affiliate clinics to address the significant challenge of healthcare access in Nigeria and across Africa.
Founded in 2017 by CEO Oluwasoga Oni and his co-founders, MDaaS has grown rapidly, boasting a current network of 17 diagnostic centers across 10 states. The company plans to construct an additional 23 centers in the coming years. Services offered at these centers include imaging such as digital x-ray and ultrasound, cardiac services like ECG and echo, and various lab services.
Patients access MDaaS facilities through the SentinelX app, which now caters more to businesses by offering corporate screenings and pre-employment health checks in addition to individual services. BeaconOS, the operating system for MDaaS's diagnostic facilities, provides visibility into day-to-day operations, while the integrated care network involves collaboration with over 1,300 referring clinicians across more than 1,000 organizations.
Since its inception, MDaaS has provided care to over 275,000 patients, leveraging its integrated care network and BeaconOS capabilities. The health tech served 108,724 patients in the past year alone, 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 procedures performed.
The investment will further support MDaaS's growth plans, including the development of new applications on the BeaconOS platform and integration with HMOs to streamline authorization processes and develop a patient-facing app for appointment booking, result access, and health insurance management.
"We are thrilled to partner with MDaaS Global on their mission to revolutionize healthcare delivery in Africa," said Adesuwa Okunbo Rhodes, founder and managing partner at Aruwa Capital. "MDaaS shares our commitment to building gender-diverse teams and driving change for women across Nigeria."
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