SA e-health startup raises $47M, looking to scale operations

LifeQ, a South African company with offices in the USA and Netherlands, has raised a $47 million funding round to expand its working capacity and fixate on growth and profitability.

Among the investors who participated are Mogul Capital, 4Di Capital, Invenfin, Allectus Capital, Analog Devices, Tenhong Holdings, Hannover Re, Nedbank Corporate and Investment Bank, Convergence Partners, OneBio Seed Investment Fund, Stellar Capital Partners, Allen & Co, and Acequia Capital, Virgin Group, and Lireas.

LifeQ was founded by Riaan Conradie and Laurie Olivier, in 2014. It has managed to partner with leading businesses such as Samsung Electronics, and others.

The company is a provider of independent biometric and health information derived from wearable devices used in health management solutions. LifeQ gives an around-the-clock lens into the body that generates business-grade biometrics for athletes and consumers who are chronically ill while detecting health problems earlier while managing the existing problems and averting illnesses.

Laurence Olivier, LifeQ’s co-founder expressed excitement in partnering with some of the “world’s most distinguished investment groups” to “positively impact the future of health.”