Ghana: Berry Health secures funding to expand its healthcare services
Berry Health has secured $1.6 million in a pre-seed funding round to expand its healthcare services
The funding was co-led by U.S.-based venture capital firms Lightspeed Ventures and General Catalyst, with participation from prominent investors including Reddit COO Jen Wong and former U.S. Surgeon General Regina Benjamin.
Berry Health aims to provide judgment-free healthcare services through its technology platform, offering remote diagnosis and treatment for conditions such as anxiety, depression, sexual health, dermatology, and hair loss.
The health tech startup was founded by Fredua Akosa and emphasizes the need to address the deep-rooted stigma surrounding healthcare in Africa. Akosa previously worked as a general practitioner in Ghana and pursued studies in public health and business.
Through his experience, he has directed the company’s focus to build on the identified significant rise in mental health conditions and stigmatized healthcare during the pandemic. Berry Health seeks to leverage technology to make healthcare more accessible and comfortable for individuals, breaking down barriers and facilitating remote consultations and medication delivery.
With Africa facing challenges such as a high prevalence of mental health issues, limited doctor-to-patient ratios, and inadequate access to quality care, the emergence of health tech startups like Berry Health presents an opportunity for positive change.
The utilization of telemedicine, virtual care, and drug-delivery platforms has gained momentum, addressing the need for affordable and convenient healthcare services. Berry Health aims to democratize access to healthcare by offering subscription-based services, charging users $26 per year for unlimited access to its offerings and $5 per consultation with clinicians.
Berry Health’s executive team comprises professionals with extensive experience in the healthcare and technology sectors, including individuals from WPP, Instacart, and Babylon Health. The startup plans to launch its services publicly next month and has assembled a team of licensed doctors and clinicians. The recent funding round and investor support reflect the potential impact of Berry Health in transforming healthcare delivery in Africa.
Investors, including Lightspeed Ventures and General Catalyst, expressed their enthusiasm for Berry Health’s mission and team structure. They recognized the unique opportunity to address healthcare challenges in Africa by combining the expertise of professionals with diverse backgrounds and perspectives. Lightspeed Ventures, particularly, viewed Berry Health as a groundbreaking venture, marking its first investment in Africa.
As Berry Health prepares to emerge from stealth mode, the funding received will play a crucial role in further developing its platform, expanding its network of medical professionals, and reaching more individuals across Ghana and beyond.
The startup’s innovative approach to healthcare delivery holds the promise of making a significant impact in improving access, reducing stigma, and enhancing the overall well-being of individuals in Africa.
