Sasware invests in health tech start-up
By Kokumo Goodie, Lagos, Nigeria
Sasware, the technology investment subsidiary of Signal Alliance, has announced an investment in Medismarts, a health technology company based in Lagos.
Sasware Chief Operating Officer, Ifeoma Udo said the company explained that it had invested in Medismart to take a significant minority share in the company. The investment is expected to provide support to the start up to expand its medical cloud platform that integrates healthcare data.
For Sasware, according to Mrs Udoh, the company’s investment allows it to play in the increasingly critical healthcare industry that has seen policy improvements necessary for the modernization of the country’s health care industry.
Medismarts is a healthcare technology company. Medismart Cloud platform unifies data management in the health care industry and aims to revolutionise the health care management in Nigeria. By providing a secured unified platform that connects the players in the healthcare industry, Medismart is in a unique position to become a critical player in the health management industry that is increasingly driven by technology. By offering their solution as a premium product, the platform is essentially provided free to most practitioners in the industry especially hospitals. The company is close to connecting 100 hospitals free on their platform with close to 25,000 patients.
This start up is promoted by Obinna Osuji and Damilola Oni. Both have a combined health technology industry experience of 18 years. Their experience in technology, healthcare has helped in the development of a solution that takes into account the peculiar environment in which the healthcare industry operates in Nigeria.
Speaking on the partnership Oni said: “We believe Sasware is the right partner for Medismarts. Their expertise and experience in technology business will no doubt help us grow the business and become successful.”
Sasware is the technology investment subsidiary of Signal Alliance founded in 2014. The company was established to provide early seed funding for tech startups. It leverages on Signal Alliance’s almost 20 years’ experience in the tech industry to invest in upcoming startups that serve the increasing sophisticated Nigerian and African economies.