eHealth IT Services PLC ( Orbit Health) a subsidiary of Orbitly INC announced that they raised a seed funding led by Africa Focused Early stage fund, Savannah Fund and a New York based family investment firm, Betam Group in the press release posted. Ibex Frontier, an active player in the tech and startup space, advised on transaction and structuring.
Orbit health is a health tech startup that provides a system for lean health-care workflow, centralized scheduling and appointment, electronic medical record (EMR), data analytics, collaboration, billing and payment and design a health system & consultation service.
The amount of the funding is not disclosed. But according to the release, the fund raise comes at a time where Orbit Health has been selected as a successful Ethiopian Digital Health company part of the consortium, led by US based John Snow Inc, to help transform Ethiopia’s healthcare digitally, with a contract amounting to $63M over 5 years.
The seed funding is aimed to support further expansion and service delivery of Orbit Health andto help the startup to invest in digital offerings that are customized to Ethiopian healthcare facilities.
It is also reported that Betam Group Holdings who co-led the seed round will also be bringing board advisors with extensive medical and global public health experience.
Pazion Chernet, Co-Founder & CEO of Orbitly, said “ It gives me a great pleasure welcoming our strategic investors that will position us from a startup to high rise with their tremendous VC funding and growth experience and wisdom. I am especially proud to announce our first external fund raise that coincided with our double win in digitizing Ethiopia’s health care with our partners JSI, the USAID and Ethiopia’s Ministry of Health. We started Orbity with our firm belief that a healthy society is the foundation of a productive society and we will do our part in changing the misconception that living a healthy life in Sub-Saharan Africa is often treated as a luxury, doing so by helping strengthen the weak healthcare infrastructure through end-to-end innovative technology solutions. This fund raise will enable us deliver on our promise at a scale and we are extremely hopeful of what the future holds to us and our clients.”
Mbwana Alliy, Managing Partner of Savannah Fund that led the investment round of its first ever for Ethiopia, said “ We are excited to invest in Ethiopia and participate in its growing startup scene making it our 7th country in Africa. Orbitly has the potential to transform Ethiopia’s healthcare ecosystem by through digitization across both public and private hospitals and clinics. I would also like to thank my old friend Robel Alemu and Yilkal Abate, Ethiopian Diaspora in the USA who connected me to Pazion when I visited Seattle last year. I look forward to spending more time in Ethiopia to bring our experience on the continent and internationally to help Orbitly succeed ”.