ImpactAlpha, June 3 – Incidence rates for health issues like heart disease, cancer and diabetes are on the rise in Africa as in many other parts of the world. But most funders in Africa focus on financing infectious diseases, according to Kinshasa-based Médecins de Nuit.
Médecins de Nuit, or MDN, launched in 2011 to offer services to patients dealing with chronic health issues, both in health habit and lifestyle coaching on the preventative side and emergency services on the healthcare side. The organization has launched three clinics in DRC’s capital and operates a fleet of ambulances and home health assistants.
Impact investment firm XSML, which provides early and growth stage funding to small and mid-size companies in Central and East Africa, invested in MDN when it was just getting started. The firm has invested an undisclosed sum in a follow-on investment via its $50 million African Rivers Fund.
The funding will support MDN’s expansion through satellite clinics.