Investing in Health | March 8, 2022

Rocket Health raises $5 million for affordable telehealth in Uganda

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, Mar 8 — More than three-quarters of healthcare professionals in Uganda are in urban areas, leaving the 80% of the population in rural areas with limited access to health services. Remote consultations and telehealth solutions accelerated during COVID.

Kampala-based Rocket Health provides more than 25,000 patients in Uganda online and in-person consultations with licensed doctors, alongside prescription deliveries, sample collection for lab tests and other health-related services.

The goal: “Build a sustainable digital healthcare value chain down to the last mile across Africa,” says Rocket Health’s Davis Musinguzi.

Creadev Africa, an evergreen fund backed by France’s Mulliez family, led the Series A round to help Rocket Health expand in Uganda and Kenya and eventually to West Africa.

Ghana’s mPharma, which raised $35 million in January, is targeting both West and East Africa (for context, see “Ghanaian pharmacy venture mPharma raises $35 million to expand drug access in Africa).