Rwanda fund, managed by Angaza Capital, invests in medical supplies company
The Rwanda Innovation Fund (RIF), managed by Angaza Capital, has made an investment in VIEBEG Technologies, a Rwandan-based tech company aiming to disrupt Africa’s medical supply chain.
Founded in 2018 by Tobias Reiter (chief executive officer) and Alex Musyoka (chief commercial officer), VIEBEG raised a total of $1 million, as it is set to realise the vast potential that technology and data science can have to make medical supplies more affordable and accessible to hundreds of millions. The company’s data-driven procurement platform ensures that healthcare facilities always have the right type and quantities of medical products in stock to properly treat patients.
Working with more than 40 international manufacturers and suppliers and being directly connected to hospitals, clinics, and pharmacies through the procurement platform, the company generates an average cost savings of up to 40%. VIEBEG is already providing more than 400 healthcare facilities in Rwanda, Burundi, Eastern DRC, and Kenya with its innovative business model that includes on-demand supply and flexible financing of medical products and equipment.
Headquartered in Kigali, the company employs 24 people, including 18 Rwandan nationals.
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