Kenya-based healthtech company, Ilara Health, has secured $4.2 million in debt-equity funding to scale operations in East Africa and improve access to healthcare. The funding round, led by DOB Equity with support from the Philips Foundation and existing investors, brings Ilara Health’s total funding to $11.7 million.
Founded in 2019 by Emilian Popa, Maximilian Mancini, and Sameer Afzal Farooqi, Ilara Health initially focused on leasing diagnostic devices to clinics but has since expanded to offer pharmaceutical products and other essentials on credit. The company targets the private healthcare sector in Kenya, serving individuals with medical insurance or the means for out-of-pocket payments.
Currently, Ilara Health serves 3,000 clinics across Kenya, out of an estimated 15,000 operational clinics in the country. By partnering with prominent manufacturers like Butterfly Network, the company provides portable ultrasound devices at accessible prices, bringing scanning services closer to customers.
Additionally, Ilara Health offers a monthly subscription-based practice management software to digitize clinic operations and improve management efficiency. Looking ahead, the company plans to expand its reach through partnerships with employers to provide outpatient services to employees at partner clinics.
