South African hospital-at-home platform secures $1.1m in seed funding
Quro Medical, a South African digital health startup, has closed its seed funding round led by Enza Capital and Mohau Equity Partners. This investment will accelerate growth for Africa’s first technology-driven hospital-at-home offering.
Quro Medical is ushering in a new era of innovation in Africa’s healthcare landscape. Traditional hospitals are experiencing excessive demand, placing strain on bed capacity and hindering effective patient treatment and recovery. Yet, research has shown that acute patient care at home can lead to better clinical outcomes, lower cost and improved patient experience. Quro Medical’s affordable and accessible solution combines state-of-the-art hardware and software and clinical excellence to manage acutely ill patients in the comfort of their homes.
“The healthcare sector across the globe has experienced extreme pressure and strain caused by the Covid-19 pandemic and desperately needs digital solutions to ease many of the problems experienced in it,” says Zikho Pali, Quro Medical’s co-founder and chief operations officer.
Quro Medical is building the largest virtual hospital ward in Africa that seeks to achieve superior clinical outcomes to conventional care at a lower cost. Quro Medical’s platform reduces the costs of healthcare delivery by leveraging real-time, data-driven clinical interventions. The vision for Quro Medical is developed and championed by a skilled team with a shared passion for improving healthcare in Africa.
“We are focused on saving lives and enhancing patient care. The technology is the enabler, making all of this possible,” says Dr Vuyane Mhlomi, Quro Medical’s co-founder and chief executive officer. “This investment will enable us to accelerate our growth and meet the increased demand from our clients,” says Mhlomi.
Quro Medical enables care at home that is safe and unlocks great value for the patient and their healthcare providers. “Apart from the high and continuously escalating costs, traditional brick and mortar hospitalisation carries with it the risk of hospital acquired infections that can be resistant to antibiotics and have serious consequences for vulnerable patients,” says Pali. Quro Medical goes beyond telemedicine and traditional home care. Quro Medical intelligently incorporates clinical data as well as the remote healthcare monitoring value proposition – closing the active data and patient monitoring fault lines often found in more traditional telemedicine approaches.
Quro Medical’s latest investment led by Kenyan and South Africa VC firms, Enza Capital and Mohau Equity Partners readies and equips the startup to scale its operations across the country and the African continent. “Enza and Mohau are seasoned investors with experience in scaling businesses like ours and helping them reach their full potential. We look forward to leveraging this experience in making Quro Medical a household name,” says Mhlomi, on the investment and the future of Quro Medical.
“Vuyane, Zikho, and the exceptional Quro Medical team are redefining how world-class healthcare is delivered across Africa,” said Mike Mompi, partner at Enza Capital.
“We are very excited to be invested in Quro, they are a dynamic management team, building out a global medical solution, that will showcase the ability of entrepreneurs on the African continent in advanced digital healthcare,” said Dr Penny Moumakwa, CEO, Mohau Equity Partners.
Quro Medical plans to scale its operations across the country to meet the demands of its growing client base, attract and retain talent and extend into markets with a highly competitive and innovative offering in a sector that is ripe and ready for innovation.
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