SA-based health tech startup, Syked, has raised an undisclosed seed round from HaloCare.
Syked’s digital platform connects users to qualified counselors and allows users access to various resources and guided tools.
The startup will channel the funds towards developing its operations and tech development teams.
Syked Founder and CEO, Wandile Khumalo, remarked, “We are extremely excited to close this round as it allows us to grow our team and capture the telemedicine market. As a young health tech company, we’re looking forward to this new partnership as we now have access to HaloCare, a managed care organization that specializes in comprehensive disease management services.
The partnership further enables us to leverage the group’s experience in servicing funders for the past 31 years. We now look forward to rolling out more features and improving on our current offering.”
The seed funding will enable Syked to make bigger strides in the SA online counselling and coaching industry, in which it is a pioneer. The Covid-19 pandemic has seen a significant increase in demand for online counselling services.
Syked plans to expand its mobile product and strengthen its B2B offering. Since its launch in 2019, the startup has facilitated over 3000 paid sessions.
Syked is an alumnus of the fifth edition of the 6-month early-stage business incubator, French South African Tech Labs (FSAT). It also won the mental health challenge at the 2019 AfricArena.
CEO FSAT Labs, Renier Kriel, said, “We are extremely proud of Wandile and the team as their hard work is being recognised by the industry. The online healthcare industry is bound to see massive growth in the coming years and Syked is perfectly positioned to capture this market. This funding will surely make them a dominant player in this growing industry.”