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SA’s e-health startup Zoie Health raised Pre-seed funding in extension round

To finance its expansion and growth, the South African e-health startup Zoie Health has raised a pre-seed extension funding round.

Zoie Health is an all-encompassing digital wellness platform created by and for women. It provides resources, a community of women to support one another through healthcare seasons, virtual consultations, at-home consultations, medication subscriptions, and other services.

By effectively utilizing network effects, relatability, and belonging, the startup currently provides services to more than 5,000 members with an 80 percent subscriber retention rate. Additionally, it has already signed up 50 health professionals, and after receiving funding from 4DX Ventures and E Squared Investments, it is now planning further expansion.

With the funding, Zoie Health hopes to expand into more African nations and grow as the continent’s first digital women’s health clinic.

“We believe that our offering has great potential to scale, and we will be looking to expand to other African emerging markets in the SADC region, and Kenya and Nigeria,” said Thato Schermer, Zoie Health’s co-founder and CEO.

Gladwyn Leeuw, chief investment officer at E Squared, noted that the founding team of Zoie Health was entirely composed of black women and had a wealth of industry knowledge.

“This formidable team is building a high-impact tech solution that we believe will be a tremendous addition to our portfolio of companies from a values alignment and returns standpoint. The deal is an extension of E Squared’s initial funding and entrepreneurial support through the E Squared Pathways facility,” he said.

“Through this deal, we hope to back digital innovation in women’s health care and put quality affordable health care in the hands of working-class women. We believe that the digital component will make traditionally hard-to-reach services more accessible and provide a viable alternative to those that cannot afford to miss work or stand for hours in long queues at government clinics or who find accessing private sector healthcare prohibitively expensive.”

 

 

 

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