Remedial Health raises $12m in equity, debt funding

Nigerian health-tech startup, Remedial Health, has raised $12 million through equity investment and debt funding from venture capital and financial institutions.

Remedial Health raised $8 million after a Series A equity funding round, which was led by US-based venture capital firm, QED Investors and co-led by Ventures Platform, with Ycombinator, Tencent and Gaingels also participating in the investment round.

In a statement sent to Ripples Nigeria on Tuesday, Remedial Health disclosed that the firm also secured $4 million in debt funding from a consortium of local and international financial institutions.