Viebeg Technologies, a Rwanda-based health-tech startup that uses an innovative data-driven procurement platform to offer high-quality medical supplies and equipment throughout Central and East Africa, has secured its first investment from Beyond Capital Ventures, a new impact venture capital firm.
Viebeg, founded in 2018 by Tobias Reiter and Alex Musyoka, has developed a data-driven logistics platform encompassing shipping, warehousing, last-mile distribution, and inventory management – that enables healthcare facilities to better manage procurement by ensuring that they have the right type and quantity of medical supplies in stock.
Viebeg can save its customers up to 40% on average by connecting healthcare providers directly with manufacturers and thus eliminating brokers and middlemen from the value chain. It already has a commercial presence in Burundi and the Democratic Republic of Congo (DRC), where it has served over 400 customers.
The startup is aiming for a $4 billion underserved market in East and Central Africa, and has received pre-seed funding to help it grow. The funding comes from Beyond Capital Ventures, Beyond Capital Fund and Eckenstein Geigy Stiftung.
“We are excited to partner with Tobias and Alex and are impressed by their deep commitment to improving the quality of healthcare for underserved populations,” said Eva Yazhari, Beyond Capital Ventures general partner.
“The Viebeg team has demonstrated resilience, agility, and the ability to successfully execute in challenging market conditions. I could not think of a better example of the type of company Beyond Capital Ventures will invest in.