Digital health startup, Quro Medical, secures $1.1m seed funding to accelerate growth
Quro Medical, a South African digital health startup, emerged from stealth mode to announce the closure of 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.
Zikho Pali, Co-founder and COO, Quro Medical: “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. Apart from the high and continuously escalating costs, traditional brick and mortar hospitalization carries with it the risk of hospital acquired infections that can be resistant to antibiotics and have serious consequences for vulnerable patients.”
Quro Medical’s 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.
Vuyane Mhlomi, Co-founder and CEO, Quro Medical: “We are focused on saving lives and enhancing patient care. The technology is the enabler, making all of this possible. This investment will enable us to accelerate our growth and meet the increased demand from our clients. 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. Quro Medical is perfectly positioned to provide value at scale in South Africa and across the continent. As our collective healthcare systems struggle to care for patients beyond the walls of a hospital, which we’ve 2 seen exacerbated with the onset of the Covid-19 pandemic, remote patient monitoring and healthcare delivery will undoubtedly form a core part of the lasting solution.”
Quro Medical enables care at home that is safe and unlocks great value for the patient and their healthcare providers. 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.
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.