About this raise
TIBU Health, with a valuation of $8 million, is raising funds on Republic. The company provides technology-powered healthcare in Africa. The company is based in Nairobi, Kenya, but it is filing the raise under its US entity. The platform connects patients to healthcare professionals in less than two minutes and enables them to schedule medical home visits or visits in clinics. TIBU Health provides end-to-end patient coordination and follow-up, human-centered healthcare experiences, and digitization of patient records. Jason Carmichael, Peter Gicharu, and Shiro Theuri founded TIBU Health in August 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product, operational expenses, capital expenses, and sales and marketing.
Investment Overview
Invested : $69,722
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 03/20/2023
- Close Date
- 04/30/2023
$25,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$6,500,000
$8,000,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +222% YoY
-
$656,254
as of FY2021
- Monthly Burn
-
Profitable
as of FY2021
-
Cash on Hand
-
$430,974
as of FY2021
- Gross Margin
-
23%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,608,259
- VC Backed?
- Yes