Rwandan health-tech startup, VIEBEG Technologies has secured up to $1 million in funding from the Rwandan Innovation fund (RIF) in a bid to shake up Africa’s medical supply chain and change millions of lives.
The Chair, Angza Capital, expressed enthusiasm about the current grant and had this to say, “VIEBEG technologies is on a mission to provide proper care for millions and is utilizing advanced knowledge and technology to initiate a sustainable revolution in the healthcare sector across the continent and we are happy to invest in the company”.
The company plans to take advantage of advanced technology and data to make medical supplies more affordable and accessible to millions of people.
Medical institutions will be provided with the necessary medical items to enable the effective treatment of patients.
Also read, Viebeg Technologies raises Pre-seed Funding from Beyond Capital Ventures
Angela Homsi, The Chair, Angza Capital, stated that the entrepreneurial landscape is expanding and Rwanda has an opportunity to be one of Africa’s leading innovation center due to its development focus, creative innovators and solid institutions. “Angza Capita is thrilled to support companies like VIEBEG, committed to supporting the ever-evolving ecosystem and make a chance for a more sustainable future for all”, she said.
An Overview of VIEBEG Technologies
VIEBEG Technologies is a health-tech company leading the supply of medical equipment. operating mostly in East and Central Africa, the company offers an online marketplace to buy and sell high medical, dental supplies and equipment.
Founded in 2018 by Tobias Reiter (Chief Executive Officer) and Alex Musyoka (Chief Commercial Official), the company allows company to transparently acquire medical supplies by optimizing every aspect of the supply chain.
The company boasts of working with over 40 multinational manufacturers and suppliers and are directly connected to hospitals and pharmacies through the procurement platform.
VIEBEG’s business strategy, includes on-demand supply and easy financing of medical items and equipment. it saves an average of 40% and has already offered their services to more than 400 healthcare facilities in Rwanda, Burundi, Eastern DRC, and Kenya.
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