Africa Angel Investors Network

Funding Tracker                 


Hewatele

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Manufactures and distributes medical oxygen through six operational Pressure Swing Adsorption (“PSA”) plants


Location: Kenya
Website: https://www.hewatele.org/
Sector: Healthcare
Funding Stage: Debt, Venture Round,
Total Funding ($m): 20
# of Founders: 2
Founding Year: 2013
Funding Year: 2024
Status: Active
YearAmountStageInvestors
2024$11.1mDebtU.S. International Development Finance Corporation (DFC), Grand Challenges Canada
2024$8.9mVenture RoundFinnfund, Soros Economic Development Fund (SEDF), UBS Optimus Foundation
Dr Zulfiqar Wali, Dr Bernard Olayo, ,
Debt $11.1m
U.S. International Development Finance Corporation (DFC), Grand Challenges Canada

Venture Round $8.9m
Finnfund, Soros Economic Development Fund (SEDF), UBS Optimus Foundation


News
https://www.finnfund.fi/en/news/investors-support-hewatele-in-its-efforts-to-bring-affordable-medical-liquid-oxygen-to-healthcare-facilities-in-east-africa/