About this raise
TIBU Health, with a valuation of $8.5 million, is raising funds on Republic. The company provides technology-powered healthcare in Africa. TIBU Health 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. The business has partnered with 23 insurance companies and achieved a 400% revenue growth within a year. Jason Carmichael, Peter Gicharu, and Shiro Theuri founded TIBU Health in August 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $548,387. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.
Investment Overview
Invested : $66,577
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 04/05/2024
- Close Date
- 04/30/2024
$50,000
$548,387
$250
SAFE
Series A
RegCF
$7,500,000
$8,500,000
0%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +46% YoY
- $351,884
- Monthly Burn
- $66,852
-
Runway
- 0.7 months
- Gross Margin
- 10%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,829,264
- VC Backed?
- Yes