News
Mobihealth raises N1 billion equity investment from SCM Capital
Nigerian telehealth company Mobihealth International has raised N1 billion in equity from SCM Capital to expand its solar and satellite powered clinics and AI health services.
By Propel Africa · 2026-02-16
Mobihealth, the Nigerian telehealth company, has raised N1 billion in an equity investment from SCM Capital Asset Management, BusinessDay reported on 16 February. United Capital Plc acted as transaction adviser.
What Mobihealth offers
Mobihealth International delivers technology-enabled healthcare. Its services include telehealth platforms, remote diagnostics, virtual specialist consultations and remote patient monitoring. It also integrates electronic medical records and provides telemedicine-based support for the health workforce. Dr Funmi Adewara is the founder and chief executive.
Focus on hard-to-reach communities
The company works nationwide in Nigeria, with a focus on underserved and hard-to-reach communities, and also connects patients with experts anywhere in the world. Gbadebo Adenrele, Managing Director, Investment Banking at United Capital Plc, said: "We worked closely with Mobihealth to structure and execute a funding solution."
Use of funds
The money will strengthen Mobihealth's telehealth platforms, roll out solar and satellite powered telehealth clinics nationwide, expand AI-enabled healthcare services, improve remote diagnostics and extend its reach across Nigeria.
At a glance
- Company: Mobihealth
- Raised: N1 billion
- Type: Equity investment
- Investor: SCM Capital Asset Management
- Adviser: United Capital Plc
- Founder and CEO: Funmi Adewara
- Markets: Nigeria
- Key focus: Solar and satellite powered telehealth clinics