Alma Clinics raises US$2.8M for expansion of nurse-driven primary healthcare network

SOUTH AFRICA —The Alma Clinics network, a South African enterprise of nurse-led primary healthcare facilities, has obtained a US$2.8 million investment from IDF Capital through its Alitheia IDF Fund (AIF). 

This infusion of capital is set to propel Alma Clinics’ expansion efforts throughout the nation. 

Founded in July 2020 by CEO Sibongile Manganyi Rath, Alma Clinics emerged during the COVID-19 pandemic and established its first clinic in Protea Glen, Soweto, a township with limited healthcare access.

Since then, Alma has increased, with six fully operational clinics currently serving over 4,000 patients monthly. 

This latest funding round will empower Alma to scale its operations significantly, aiming to reach 35 locations across South Africa. 

“We are thrilled to welcome IDF Capital as a partner in our mission to revolutionize primary healthcare in South Africa,” said Alma Clinics CEO Sibongile Manganyi Rath. 

“This investment is a testament to our team’s hard work and dedication, allowing us to reach even more patients with high-quality, affordable care.” 

Polo Leteka, the CEO and founder of IDF Capital and co-managing partner of the Alitheia IDF Fund, will be joining Alma’s board of directors. 

Leteka’s leadership and investment expertise will be instrumental in guiding Alma’s growth trajectory. 

The expansion of Alma Clinics, fueled by the recent investment, represents a significant step towards improving primary healthcare access in South Africa. 

By scaling its operations, Alma Clinics will provide essential health services to a broader population, contributing to a healthier and more equitable future for the country.

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