ILARA Health, a Kenyan healthcare startup that provides point of care diagnostic testing to small primary care clinics, has raised equity funding of US$3.75-million from investors which comprise of TLcom Capital, Chandaria Capital, DOB Equity and Global Ventures. The funding will be used for expansion of operations in diagnostic equipment supply. The healthcare company recently received a grant of US$1.1-million from the Bill & Melinda Gates Foundation.
TLcom Capital is a venture capital fund that began it operations in London two decades ago with over US$300-million in assets under management and tech investments in Europe, Israel and the US. TLcom team has invested heavily in Africa and opened offices in Nairobi and Lagos. Investors include African Development Bank, the European Investment Bank and FBN Capital among others.