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    HomeEcosystem NewsEASTERN AFRICALaunch Africa Investment Series: Rwanda’s Viebeg Joins the List

    Launch Africa Investment Series: Rwanda’s Viebeg Joins the List

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    VIEBEG Technologies, a groundbreaking health technology company, has recently announced a significant investment from Launch Africa Ventures, a prominent venture capital firm focused on African startups. The funding round also saw participation from several renowned co-investors, including Johnson & Johnson, Sanofi, Beyond Capital Ventures, Angaza Capital, and others.

    Founded in 2018 by CEO Tobias Reiter and CCO Alex Musyoka, VIEBEG is tackling the critical issue of limited access to medical supplies in Africa. By leveraging a data-driven B2B procurement platform, the company aims to streamline and optimize the procurement of medical equipment and supplies, ensuring availability, affordability, and resilience in the healthcare sector.

    VIEBEG’s platform utilizes demographic and public health data to predict healthcare demands and optimize procurement processes. This approach eliminates the inefficiencies and opacity associated with traditional local suppliers, making procurement more efficient, transparent, and automated. By connecting healthcare providers directly with international manufacturers and suppliers, VIEBEG eliminates intermediaries and reduces costs, making essential medical supplies more affordable for healthcare facilities across the continent.

    The company’s AI-powered tools also play a crucial role in predicting supply shortages, epidemics, and other potential disruptions to the healthcare supply chain. This proactive approach allows healthcare providers to anticipate and mitigate risks, ensuring a continuous and reliable supply of essential medical products.

    Launch Africa Ventures’ decision to invest in VIEBEG stems from the company’s innovative approach and the potential for significant impact on the African healthcare landscape. VIEBEG’s data-driven platform addresses critical challenges in the procurement of medical supplies, such as price volatility, stockouts, and unreliable supply chains.

    Baljinder Sharma, the General Partner at Launch Africa Ventures, highlighted the company’s commitment to the healthcare sector, stating, “Healthcare is a key sector for Launch Africa Ventures. Viebeg is our second health tech investee in fund 2, joining 13 other health tech portfolio companies from our first fund.”

    VIEBEG has already made significant strides in improving access to medical supplies in East and Central Africa. By ensuring the availability of essential pharmaceuticals and medical equipment, the company is playing a crucial role in enhancing healthcare delivery and improving patient outcomes.

    With this new investment, VIEBEG plans to expand its operations and reach even more healthcare providers across Africa. The company’s innovative platform has the potential to transform the healthcare supply chain, making quality healthcare more accessible and affordable for millions of people.

    VIEBEG’s investment from Launch Africa Ventures marks a significant milestone in the company’s mission to revolutionize healthcare access in Africa. By combining data-driven insights, AI-powered tools, and a commitment to affordability and availability, VIEBEG is poised to make a lasting impact on the continent’s healthcare landscape.

    As the company continues to grow and expand its reach, it is set to become a key player in the African health technology sector, driving positive change and improving the lives of countless individuals.

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