SOUTH AFRICA—Zoie Health, a holistic digital wellness platform for women by women, has raised a pre-seed extension funding round to fund its expansion and growth.
E Squared Investments, an impact investor, participated in a pre-seed extension funding round led by 4DX Ventures into the e-health product.
Zoie Health aims to address the limited services available to assist working-class young women, pregnant women, and mothers in taking control of their healthcare needs.
Zoie Health operates as a holistic women’s healthcare platform, offering virtual and at-home consultations, medication subscriptions, and a community of women supporting each other through healthcare journeys.
The platform focuses on providing quality, affordable healthcare services and has already built an established community of members and specialists.
With the funding secured, Zoie Health plans to expand Africa’s first digital women’s health clinic which includes increasing its product offerings and venturing into new countries on the continent.
Zoie Health currently serves over 5,000 members and has a strong subscriber retention rate of 80%.
The company has also onboarded 50 health practitioners, with an additional 300 in the pipeline.
Zoie Health also reports that its consumer satisfaction score of 9.78 out of 10, which demonstrates the platform’s potential for scalability and growth.
Gladwyn Leeuw, Chief Investment Officer of E Squared, expressed confidence in Zoie Health’s leadership team, emphasizing that a 100% black woman-led team leads the company.
Leeuw believes that Zoie Health’s high-impact tech solution aligns with its values and will be a valuable addition to its portfolio.
The funding deal represents E Squared’s commitment to backing digital innovation in women’s healthcare and making quality, affordable healthcare accessible to working-class women.
By leveraging the digital component, Zoie Health aims to provide an alternative to traditional healthcare services that are often costly or difficult to access.
Thato Schermer, Co-founder, and CEO of Zoie Health envisions expanding their services to other African emerging markets, including the SADC region, Kenya, and Nigeria.
Zoie Health’s comprehensive solution encompasses virtual consultations, at-home consultations, medication subscriptions, and various health intervention services tailored to women’s needs.
The platform also features a chatbot for general advice, pre-and postnatal care, family care, community support groups, and public wellness resources.
Sipho Pilime, Search and Pipeline Head at E Squared, commended Thato Schermer’s entrepreneurial prowess and expressed confidence in her ability to build an impactful business-like Zoie Health.
Schermer, a 2015 Allan Gray Orbis Foundation Fellow, has received recognition for her entrepreneurial achievements and is poised to drive Zoie Health’s success.
“We believe that our offering has great potential to scale, and we will be looking to expand to other African emerging markets in the SADC region, and Kenya and Nigeria,” said Thato Schermer, Zoie Health’s co-founder and CEO.
Schermer added that she thought that health tech offerings in the continent were still extremely general, and that Zoie Health offers a differentiated and vertical solution and she thought that’s what Africa was going to see more of in the future.
“With Zoie Health, we’re fundamentally focused on women’s health care because we believe it’s such an underserved area, and we want to contribute meaningfully to it,” Schermer remarked.
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