To bridge the healthcare access gap through technology-enabled care delivery, MobiHealth International has raised N1 billion equity investment from SCM Capital.
This investment marks a significant milestone in MobiHealth’s mission to accelerate the expansion of its technology-enabled health services across Nigeria.
The company said the capital will be deployed to strengthen MobiHealth's telehealth platforms, accelerate the nationwide rollout of solar and satellite-powered telehealth clinics, expand AI-enabled health services, enhance remote diagnostics capabilities, and support strategic geographic expansion across Nigeria, particularly in underserved and hard-to-reach communities.
Founder and CEO of MobiHealth International, Funmi Adewara, a medical doctor, said SCM Capital's investment was a strong validation of MobiHealth's vision of democratizing access to quality health care through innovative technology.
Adewara said that with the funding, the company will accelerate its expansion across Nigeria, deploy more solar and satellite-powered telehealth clinics, and continue building a world-class digital health ecosystem that connects patients to trusted medical experts anywhere in the world.
SCM Capital said MobiHealth represents the kind of innovative, impact-driven healthcare company that is critical to the future of healthcare delivery in Nigeria, and they are proud to support this investment, which will help accelerate the expansion of technology-enabled healthcare services, strengthen health system capacity and improve access to quality care for millions of Nigerians, particularly in underserved communities.
Managing Director, Investment Banking, United Capital Plc, Transaction Advisor, Gbadebo Adenrele said he is proud to have advised and facilitated the landmark investment.
“We have worked closely with MobiHealth to design and execute a funding solution that supports the company’s expansion strategy while delivering value for investors. The transaction reflects strong investor confidence in scalable digital health platforms and their potential to transform healthcare delivery across Nigeria through technology,” he said.
Adenrele further said the funding will also support continued innovation across MobiHealth’s integrated digital health ecosystem, including virtual specialist consultations, remote patient monitoring, digital diagnostics, electronic medical records integration and health workforce capacity support through telemedicine.
He said the investment reflects growing confidence in scalable digital health models that improve health care access, strengthen health systems and deliver measurable health outcomes. This partnership is expected to open new opportunities for innovation, sustainable health care financing and expanded access to quality care for millions of Nigerians.
Adenrele said the investment comes at a time of growing demand for digital health services across Nigeria, driven by health care workforce shortages, lack of infrastructure and growing demand for affordable specialist care. MobiHealth is committed to working with the government, healthcare providers, insurers, development partners and private sector stakeholders to improve healthcare access at scale.
