AAIC Investment backs South African biometric data analytics company
AAIC Investment backs South African biometric data analytics company
AAIC Investment has made a strategic investment in LifeQ through its Africa Innovation & Healthcare Fund.
For the best experience and to access our Connect industry chat platform, download the Africa Private Equity News app: Android | iOS
AAIC Investment has made a strategic investment in LifeQ through its Africa Innovation & Healthcare Fund (AHF2).
LifeQ, founded in South Africa, is a provider of advanced digital healthcare solutions with a reputation for its biometric data measurement and analysis technology. Its technologies are used by wearable device manufacturers.
Susumu Tsubaki, CEO of AAIC Investment, commented: “LifeQ is highly regarded by the world’s leading wearables manufacturers. LifeQ has also been focusing on the business of biometric data solutions for local insurance companies and medical institutions in countries such as South Africa, Australia, and India, and has the potential to be expanded into all over the world, including Japan, in future.
”We would like to support LifeQ’s expansion of its solutions business into the Asian and Japanese markets by fully utilising our knowledge and network through the open innovation with Japanese companies, including our LP investors in the Africa Healthcare Fund.”
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.