Mobihealth raises N1bn equity investment to push telehealth expansion in Nigeria

In a bid to bridge healthcare access gaps through technology-enabled care delivery, Mobihealth International has raised a N1 billion equity investment from SCM Capital.

The investment marks a significant milestone in Mobihealth’s mission to accelerate the expansion of its technology-enabled healthcare services across Nigeria.

The company said that the capital would be deployed to strengthen Mobihealth’s telehealth platforms, accelerate the nationwide rollout of solar- and satellite-powered telehealth clinics, expand AI-enabled healthcare services, enhance remote diagnostics capabilities, and support strategic geographic expansion across Nigeria, particularly in underserved and hard-to-reach communities.

The founder and CEO of Mobihealth International, Funmi Adewara, a medical doctor, said that the investment from SCM Capital was a strong validation of Mobihealth’s vision to democratise access to quality healthcare through innovative technology.

Adewara added that with the funding, the company would 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 stated that Mobihealth represents the type 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.

The Managing Director, Investment Banking, United Capital Plc, transaction advisor, Gbadebo Adenrele, stated that they were proud to have advised and facilitated the landmark investment.

“We worked closely with Mobihealth to structure 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 that the investment reflected growing confidence in scalable digital health models that improve healthcare access, strengthen health systems, and deliver measurable health outcomes. The partnership is expected to unlock new opportunities for innovation, sustainable healthcare financing, and expanded access to quality care for millions of Nigerians.

Adenrele added that the investment comes at a time of increasing demand for digital healthcare services across Nigeria, driven by healthcare workforce shortages, infrastructure gaps, and rising demand for affordable specialist care. Mobihealth remains committed to working with government, healthcare providers, insurers, development partners, and private sector stakeholders to improve healthcare access at scale.