Cameroonian Healthtech Startup Waspito Raises A $2.5 Million Seed Fund to Expand Into New Markets

Waspito, a Cameroonian health tech startup, has announced the raise of a $2.5 million seed fund to expand its operation into new markets.

The seed fund was secured from DP World through Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54 to spur its growth in the Francophone region.

According to Waspito, the funding will be used to expand its service offering, as it strives to connect Africa’s health ecosystem online to relieve the shortage of medical doctors and other health system challenges across the African continent. 

Speaking on the funding, founder, and CEO of Waspito, Jean Lobe Lobe said, 

“My team is focused on the big picture while thoroughly executing our growth strategy. This additional funding will enable us to hit the ground running in the new markets and solidify our leadership in the current ones.

“We are happy to see existing investors renew their confidence in the project by doubling down on their investment, and we are excited to welcome new investors – Health54, AAIC, and Bill and Melinda Gates Foundation, bringing their network and experience at our disposal to enable us to improve access to healthcare across Africa.”

Founded in 2020, Waspito connects users with medical doctors via instant video consultations directly from their smartphones. The platform also provides mobile laboratory services, with a lab technician collecting samples from a user’s home and results received digitally. 

Through the Waspito App, users can get health services at their doorstep. Users can also have a lab technician come to them to get basic samples to be tested in one of the 5-star quality labs in Waspito networks. All they have to do is just sit back relax and receive their results via the Waspito app.

To date, Waspito claims to have served over 100,000 patients in Cameroon and Ivory Coast, as it plans to expand its offerings to Senegal and Gabon in the coming months. 

The platform prides itself as one that engages Africa in the conversation and action to drive affordable and accessible quality healthcare across the continent.