AAIC Investment

Reliance Health raises $40M in Series B led by General Atlantic

Reliance Health, an emerging markets-focused digital healthcare provider, has announced the completion of a $40M Series B funding round led by General Atlantic, a leading global growth equity investor, with participation from Partech, Picus Capital, Tencent Exploration, AAIC (Asia Africa Investment and Consulting), P1 Ventures, Laerdal Million Lives Fund, Arvantis Social Foundation Impact Investment, and M3, Inc. With this funding, Reliance Health has successfully closed the largest Series B round in the African HealthTech industry to date. The newly-established partnership also marks General Atlantic’s first technology investment in Africa. To date, Reliance Health has raised $48M in total funding, including a $6M Series A funding round in January 2020 led by Partech, with participation from Y Combinator, LoftyInc Capital, Golden Palm Investments, Picus Capital, and Ventures Platform.

For the full Press Release:

PR Reliance Health – Series B Annuoncement – Feb 7_2022 PR Reliance Health – Series B Annuoncement – Feb 7_2022