Kenya’s Seven Seas Technologies Limited, a business and technology solutions firm focused on heathcare systems in Kenya has received $3 million from Toyota Tsusho CSV Africa Pte. Ltd. , a social contribution-oriented venture development fund for Africa run by Japan’s Toyota Tsusho Corporation to improve healthcare access and affordability in Kenya through innovation.
According to CSV Africa, this investment will support the digitalization of medical services and lead to more efficient medical work, while also raising the level of medical services by using cloud computing to share data. IT-based medicine will also make it possible to provide treatment and diagnosis to remote regions.
CSV Africa and SST will work together to enhance the quality, cost and accessibility of health services in contribution to Kenya’s development for the next five years. The two will deliver products that enhance efficiency in service delivery in the private and public sector and transform medical infrastructure, health care programs and solutions for enhanced management of healthcare institutions and resources including; turnkey healthcare project management, Healthcare Information Technology and deployment of end to end Health Information Systems.
SST also has recently partnered with GE Healthcare through the Kenya Ministry of Health’s Managed Equipment Services (MES) project for the installation and upgrading of medical infrastructure in ninety eight (98) hospitals distributed in the fourty seven (47) counties in Kenya.
In May this year, Seven Seas Technologies Group set up new Innovation Labs to support both budding and existing health technology innovators in the country by helping them access the right tools, resources and training. Dubbed SST Kabla and SSTTakeoff, the Innovation Labs will cater for budding startup founders and existing health technology startups respectively.
At the launch of the labs the Group said, “SST solves big problems, and the first mile is often the hardest: lonely, precarious and littered with failure. We are therefore taking strides to tackle head-on the challenges that face Kenyan start-up culture: why most fail within their first year.”
In September 2014, Kenya’s mobile network operator Safaricom signed a partnership Seven Seas Technology to roll out innovative integrated products in the fields of healthcare, security, education, agriculture, smart cities and county citizen services with an intention of transforming customer’s lives.
It’s such partnerships that have build Seven Seas Technologies to what it is now. This funding will help the firm build capacity to build healthcare solutions for the next generation. Now in more than 7 African countries with a team of over 100 employees, Seven Seas counts top telecom companies, banking and Governments institutions as its clients.
In April last year, Macharia told Reuters that Seven Seas Technologies had pushed its IPO until 2017 to allow it to sign up new customers in new countries in Africa and break its dependence on the Kenyan market. This raise from CVS Africa pushes it closer to its IPO target.
Established in 2014, CVS Africa’s highest priority is to support the development of companies that can solve issues faced by local society. The fund has made investments in large-scale agricultural company in Zambia and a leather goods manufacturer in Ethiopia.