AAIC Investment

AAIC Investment is a venture capital firm established in 2013 and based in Singapore. The firm specializes in investing in fast-growing companies within the healthcare sector in Africa. AAIC aims to provide growth capital and long-term value to help these companies enhance their performance and expand their operations. In addition to its primary focus on healthcare, the firm also considers opportunities in the food sector. Through its investments, AAIC seeks to support the development of innovative solutions that can significantly impact the healthcare landscape in Africa.

Shigeru Handa

Investor

Nobuhiko Ichimiya

Managing Director

12 past transactions

Yodawy

Series B in 2023
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company operates a platform that enables customers to browse and order pharmaceuticals and personal care products through a mobile app, which supports delivery from a network of over 500 pharmacies across the country. Yodawy also offers a digital prescription application and an insurance approvals engine that automatically applies insurance and copayment benefits, with partnerships established with four major insurance carriers and additional ones in development.

RelianceHMO

Series B in 2022
RelianceHMO is a technology-driven health insurance company focused on providing affordable and reliable insurance solutions for the average African. The company aims to make health insurance more accessible by integrating telemedicine with data science, which helps streamline the process and reduce costs. Through its innovative approach, RelianceHMO addresses the challenges of the healthcare system in Africa, ensuring that more individuals can gain access to necessary medical services.

DrugStoc

Series A in 2021
DrugStoc is a pharmaceutical product procurement platform that aims to improve access to safe and quality medications for healthcare providers in Africa. The company provides hospitals, pharmacies, and government facilities with a seamless end-to-end procurement experience, facilitating the purchase of affordable pharmaceutical and healthcare products. By focusing on eliminating counterfeit drugs and streamlining the procurement process, DrugStoc supports healthcare professionals in delivering better services to their clients. Their mission is to empower healthcare providers, making it easier for them to obtain the essential medications and consumables required for effective patient care.

Rology

Seed Round in 2020
Rology owns and operates teleradiology platform that helps hospitals with radiology departments to solve the problem of latency in reporting time. The company was founded in 2017 and is based in Cairo, Egypt.

Shezlong

Series A in 2020
Shezlong is an online mental health platform based in Cairo, Egypt, founded in 2014 by Ahmed Abu Elhaz. The platform connects users in the MENA region with licensed therapists through video sessions accessible via mobile devices or the web. Shezlong facilitates the search for qualified therapists, allows users to schedule appointments, and ensures privacy by enabling communication without disclosing personal details. This service aims to assist patients in identifying psychological issues and obtaining appropriate treatment, making mental health support more accessible and confidential.

Sendy

Series B in 2020
Sendy Ltd. is a logistics platform based in Nairobi, Kenya, founded in 2014. The company specializes in providing on-demand door-to-door delivery services tailored for businesses of all sizes, including small, medium, and large enterprises. Through its user-friendly web platform, Sendy enables businesses to schedule, track, and pay for deliveries efficiently. The platform connects users with multiple transporters, allowing manufacturers and distributors to optimize their logistics operations. Additionally, Sendy offers features such as cashless payments and reporting tools, helping businesses manage their logistics more effectively and reduce costs.

RelianceHMO

Series A in 2020
RelianceHMO is a technology-driven health insurance company focused on providing affordable and reliable insurance solutions for the average African. The company aims to make health insurance more accessible by integrating telemedicine with data science, which helps streamline the process and reduce costs. Through its innovative approach, RelianceHMO addresses the challenges of the healthcare system in Africa, ensuring that more individuals can gain access to necessary medical services.

DentaCarts

Seed Round in 2019
DentaCarts is an online dental marketplace based in Nasr City, Egypt, established in 2017. The platform connects dentists with authorized vendors across the Middle East, addressing key challenges faced by dental clinics, such as the prevalence of counterfeit products, limited market access, and inflated pricing. By offering a comprehensive range of dental supplies—including restorative, endodontics, prosthetics, and orthodontic products—DentaCarts ensures that clinics can source genuine materials at fair prices. The company leverages technology to enhance the shopping experience for dental professionals, utilizing digital solutions to streamline access to high-quality products and services. With a team experienced in business development, IT solutions, and the dental supplies sector, DentaCarts aims to support the growth of dental practices while ensuring patient safety and satisfaction.

Kobo360

Series A in 2019
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.

MyDawa

Series A in 2019
MYDAWA is a new and innovative service that allows anyone buy wide range of high quality medication and wellness products affordably and conveniently from your mobile phone.

Africa Healthcare Network

Series A in 2019
Africa Healthcare Network (AHN) has pioneered the first dialysis chain in Sub-Saharan Africa, aimed at delivering affordable, high-quality dialysis services for patients suffering from Acute Kidney Injury and End-Stage Renal Disease. In a region where existing facilities are limited and often charge exorbitant fees, AHN addresses the critical shortage of accessible dialysis care. The organization leverages its technical expertise and practical experience to establish well-equipped centers, while also focusing on training healthcare professionals to enhance service delivery. As Chronic Kidney Disease and related health issues rise due to urbanization and lifestyle changes, AHN's model prioritizes operational efficiency and cost-effective sourcing of medical supplies, thereby reducing treatment costs for patients. Operating in Rwanda, Tanzania, and Kenya, AHN is committed to increasing access to life-saving dialysis care, ultimately improving patient outcomes while ensuring financial sustainability.

Jibu

Series B in 2018
Jibu focuses on addressing the water crisis in East Africa by enabling local entrepreneurs to establish businesses that treat and package safe drinking water in reusable bottles. With 450 million East Africans lacking reliable access to clean water, Jibu operates in the Democratic Republic of the Congo, Rwanda, and Uganda, with plans for future expansion. The company provides seed financing and essential resources to empower entrepreneurs to create affordable drinking water franchises, offering water at a price 75% lower than bottled options. This model not only delivers convenience through door-side delivery but also fosters financial independence and self-sustaining business practices within the community. By leveraging local ownership, Jibu aims to ensure that basic human necessities, starting with water, are accessible to all.
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