Reliance Health operates an integrated healthcare platform that combines health insurance (Reliance HMO), a telemedicine app, drug delivery and clinic services, plus partnerships with hospitals, diagnostics and pharmacies. The company offers subscription plans for individuals and businesses, with retail plan prices ranging from ₦3,500 to ₦148,500. Reliance serves over 200,000 individuals and about 600 business customers (including Beiersdorf Nivea, Jumia and PwC) and reports a 99% attributable intention rate. Since 2016 the startup has averaged roughly 3.5x year-over-year revenue growth. The team runs two clinics in Lagos and provides both direct care and third-party referrals through its platform. Planned uses of capital include opening two more clinics (Abuja and Port Harcourt), hiring talent, scaling new product lines for the diaspora and rapid regional expansion (Egypt first, then two to three additional countries this year).

Total raised

$40M

Funding rounds

1

Latest round

Series B

Latest activity

Feb 2022