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&nbsp;<a href="https://www.mdaas.io/" target="_blank" rel="noopener">MDaaS Global</a>, a Nigerian health tech company that operates a network of diagnostics centres (BeaconHealth Diagnostics) has announced that it has raised a $3 million Pre-Series A round of financing. 
According to a statement shared with Technext, the round was co-led by&nbsp;<a href="https://aruwacapital.com/" target="_blank" rel="noopener">Aruwa Capital Management</a>&nbsp;and follow-on investor&nbsp;<a href="https://www.newtownpartners.com/" target="_blank" rel="noopener">Newtown Partners</a>. It also landed additional follow-on investment from&nbsp;<a href="https://www.venturesplatform.com/" target="_blank" rel="noopener">Ventures</a>&nbsp;Platform, one of the company’s earliest institutional investors. 
This financing round brings MDaaS Global’s total investment to $6.8 million. 
According to the company, the additional capital will be used to develop the company’s proprietary technology platform, BeaconOS, which it launched last year, and to expand its healthcare network to all 36 states in Nigeria through a mix of company-owned and affiliate clinics. 
Read also: <a href="https://technext24.com/2019/06/20/mdaas-global-closes-1-million-seed-fund-to-pursue-african-expansion/">MDaaS Global Closes $1 Million Seed Fund, to Pursue African Expansion</a> 
Speaking on the company’s technology strategy, CEO&nbsp;Oluwasoga Oni&nbsp;shared: 
“Years of operating within Nigeria’s healthcare system have given us a deep understanding of its challenges and points of friction. At MDaaS Global, we’re leveraging this experience to develop technology uniquely tailored to the African healthcare experience. BeaconOS isn’t just about solving our challenges; it’s empowering our patients and partners with solutions customised to their needs and revolutionising healthcare delivery across Africa.” 
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The company believes that this raise will move it closer to its mission of democratising access to high-quality diagnostics and healthcare services across the continent. 
MDaaS Global launched its first diagnostic clinic in 2017, providing imaging, cardiac, and laboratory services. Since then, the company has experienced remarkable growth, expanding to 17 locations across 10 states in Nigeria. 
Through a combination of its technology backbone and distributed care network, MDaaS Global has served over 275,000 patients to date and currently supports over 1,300 healthcare facilities, companies, and HMOs who rely on BeaconHealth for their diagnostics needs. 
<h5 id="mdaas-beaconos" class="wp-block-heading">MDaas’ BeaconOS</h5> 
BeaconOS, the company’s latest technology, serves as the digital backbone of MDaaS Global’s healthcare network, akin to a computer’s operating system, that optimises and connects their physical clinics, which act as the ‘hardware.’ 
Built on top of BeaconOS is a suite of applications designed both to streamline healthcare delivery at BeaconHealth clinics and to digitally integrate with the company’s diverse network of partner organisations. 
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Last year, MDaaS launched its first application, called&nbsp;Olewerk, for optimising diagnostic workflows, currently deployed across all of its 17 locations and developed its first partner-facing application,&nbsp;Beam, which enables its corporate partners to seamlessly manage occupational health for their teams. 
Similar: <a href="https://technext24.com/2019/04/03/nigerian-healthtech-startup-mdaas-raised-1-1-million-12-investors/">Nigerian Healthtech Startup, MDaas Has Raised $1.1 Million from over 12 Investors</a> 
With this injection of capital, the company will develop new applications on the BeaconOS platform that solve critical issues in the healthcare system: 
<ul> 
 <li>An affiliate clinic portal will facilitate collaboration with partner clinics across the country, allowing for real-time patient referrals, seamless results management, and standardized quality control. This digital integration will enable the rapid expansion of MDaaS Global’s clinic network and broader access to high-quality diagnostics services for communities across Nigeria.</li> 
 <li>MDaaS plans to build and launch digital integrations with Health Maintenance Organizations (HMOs) to disrupt the traditionally manual and inefficient authorizations and claims processes.&nbsp;</li> 
 <li>Finally, the company is developing a patient-facing application that allows patients to book visits at MDaaS-owned and affiliated clinics, view their results, access follow-up care, and manage their health insurance enrollments – all from one central portal.</li> 
</ul> 
The need for improved diagnostics across Africa is critical. In 2023, the World Health Organization (WHO) Regional Committee for Africa estimated that only about 30% of health facilities in Africa have the necessary equipment to perform basic diagnostic tests, with marginalised and underserved populations being the most affected. 
Concurrently, the organisation identified the availability of and access to diagnostic and laboratory services as one of the key pillars to achieving universal health coverage.&nbsp; 
Oluwasoga Oni concludes, “Expanding our network across Nigeria is about more than just growth; it’s about democratising access to quality healthcare. With scale comes affordability, reach, and the ability to drive systemic change. At MDaaS Global, we’re not just building clinics or software; we’re building a healthier future for all Nigerians, and hopefully, all Africans.” 
<h5 id="what-the-investors-are-saying" class="wp-block-heading">What the investors are saying</h5> 
Speaking on the funding, Adesuwa Okunbo Rhodes, Founder &amp; Managing Partner at Aruwa Capital Management said that the team is thrilled to partner with MDaaS Global on their mission to revolutionise healthcare delivery in Africa. 
<blockquote class="wp-block-quote"> 
 “MDaaS’ track record of consistent and impressive growth, as well as their dedication to bringing high-quality diagnostics to high-need patients, resonated deeply with us. As a gender-lens investor, we are especially excited to support a company that is driving change for women across Nigeria – over 60% of BeaconHealth patients are women, predominantly of reproductive age – and MDaaS shares our commitment to building gender-diverse teams”, she explained.&nbsp; 
</blockquote> 
Aruwa Capital Management is a Lagos-based, female-founded, owned and managed, growth equity, impact and gender lens fund. The team invests in rapidly growing companies that either provide essential goods and services to the rapidly growing economy or businesses that are founded or co-founded by women or have gender-diverse teams. 
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 MDaaS Founders L_R_ Opeyemi Ologun-Country Manager, Joseph McCord-Director of Supply Chain, Genevieve Oni-CFO, Oluwasoga Oni-CEO
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With $20 million in assets under management, Aruwa Capital Management has 10 portfolio companies in West Africa across critical sectors of the economy. 
Similarly, Llew Claasen, Managing Partner at Newtown Partners noted that Newtown Partners invests in companies with the potential to make transformative changes in their industries, and MDaaS Global exemplifies this ethos. 
<blockquote class="wp-block-quote"> 
 “Since first investing in MDaaS in 2021, we have been continually impressed by their ability to grow in a challenging market, their insightful approach to technology development, and their ambitious vision for expanding healthcare access across Africa. We are excited to support MDaaS in their journey and are confident in their ability to deliver value to patients and stakeholders alike”, he adds.&nbsp; 
</blockquote> 
Newtown Partners is an entrepreneur-founded VC firm with a focus on early-stage venture capital. Newtown Partners invests in startups leading the way in emerging technologies and disruptive business models.

Health tech company, MDaaS Global raises $3m to expand service across Nigeria with BeaconOS

Technext.ng

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