Healthleap, a South Africa-founded, US-based healthcare technology startup, has raised $38 million across Seed and Series A funding rounds backed by Sequoia Capital, First Round Capital and Hummingbird Ventures. The investment will support the expansion of its AI-powered platform, which helps hospitals identify patients at risk of undiagnosed medical conditions and prioritize clinical interventions.

Founded in South Africa in 2022 by siblings Josiah and Jemima Meyer, Healthleap develops software that continuously analyzes electronic health records (EHRs) to identify potential health risks during hospital stays. The platform reviews patient information daily, including clinical notes, laboratory results, vital signs, medical orders and problem lists, before flagging patients who may require further assessment.

The company works with healthcare institutions including Penn Medicine, Houston Methodist, Cedars-Sinai and Emory Healthcare. According to Healthleap, its technology screens more than 500,000 patients annually, while its hospital partner network has expanded from three to more than 50 over the past year.

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Healthleap Secures $38M to Expand AI-Powered Clinical Screening

The $38 million in combined Seed and Series A financing will enable Healthleap to expand its clinical screening capabilities and accelerate the development of AI tools for identifying medical conditions that may otherwise go undetected during hospitalization.

The funding was backed by Sequoia Capital, First Round Capital and Hummingbird Ventures, although the company did not disclose the individual amounts raised in each round or its valuation.

Healthleap plans to use the investment to add more medical conditions to its platform and expand its engineering, sales, customer success and product teams. The company aims to support more healthcare providers by integrating automated risk identification into existing clinical workflows.

Josiah Meyer, Co-Founder and CEO of Healthleap, said the company was established to address conditions that remain undiagnosed when patients leave hospitals, potentially leading to more complicated and expensive treatment later. He emphasized that identifying these risks earlier could help healthcare teams intervene before patients experience further complications.

AI Platform Analyzes Electronic Health Records to Identify Missed Conditions

Healthleap’s platform uses artificial intelligence to analyze patient information already available in hospital electronic health records. Rather than relying exclusively on assessments conducted at admission, the system continuously evaluates clinical data throughout a patient’s hospital stay.

The technology processes information such as physician notes, laboratory tests, vital signs, medical orders and existing diagnoses to identify patients who may be at risk of specific conditions. It then integrates these findings into hospital workflows, helping clinicians determine which patients require additional attention or assessment.

The platform is designed to support healthcare professionals in identifying potential diagnostic gaps rather than independently establishing medical diagnoses. Healthleap states that its systems are HIPAA-compliant and SOC 2 certified, reflecting its focus on data security and regulatory requirements in healthcare environments.

The company’s initial development was influenced by Jemima Meyer’s experience as a clinical dietitian, where she observed patients whose medical conditions were identified later than they could have been. That experience contributed to the creation of a platform focused on identifying overlooked clinical risks through existing hospital data.

Healthleap Reports Improved Malnutrition Detection at Major US Hospitals

Healthleap initially focused on malnutrition, a condition that can be difficult to identify through conventional hospital screening methods. Many hospitals rely on a limited assessment conducted during admission, potentially overlooking patients who cannot respond accurately because of illness, sedation or confusion.

According to figures cited by the company, up to half of hospitalized patients may be at risk of malnutrition, while fewer than 9% receive a formal diagnosis. Healthleap also estimates that malnutrition costs the US healthcare system up to $58 billion annually.

The startup reports measurable outcomes from its hospital deployments. At Penn Medicine, patients flagged by its platform experienced hospital stays that were 1.6 days shorter, while Cedars-Sinai recorded a 39% increase in appropriate diagnoses. Healthleap also reported that one hospital site achieved more than $23 million in annualized return on investment.

Alfred Lin, Partner at Sequoia Capital, highlighted the platform’s reported clinical and financial impact, noting that one hospital recorded a 39% increase in malnutrition cases identified and treated. He also cited $11 million in incremental revenue generated within a single health system.

These figures reflect outcomes reported by Healthleap and its investors, rather than independently established results across all hospital deployments.

Expanding Beyond Malnutrition Into Additional Medical Conditions

Following its initial focus on malnutrition, Healthleap expanded its platform to identify patients at risk of delirium, a condition involving sudden changes in attention and mental awareness.

The company is now preparing to extend its screening capabilities to aspiration pneumonia, acute kidney injury (AKI), congestive heart failure (CHF) and pressure injuries. These conditions can require timely clinical intervention, making early risk identification an important component of hospital care.

According to Josiah Meyer, healthcare systems have also requested screening capabilities for approximately 40 additional conditions. The company plans to use its new funding to expand its clinical coverage while improving the platform’s ability to analyze patient information and support care teams.

By applying its existing AI infrastructure to additional conditions, Healthleap aims to broaden its role within hospital operations and help clinicians identify potential risks across a wider range of medical specialties.

Healthleap Expands Hospital Network and Clinical AI Operations

Healthleap’s expansion reflects growing interest among healthcare providers in AI systems that can analyze clinical records and identify patients who may benefit from additional assessment.

Over the past year, the company has increased its hospital partner network from three to more than 50, while its technology now screens over half a million patients annually. Its collaborations with institutions including Penn Medicine, Houston Methodist, Cedars-Sinai and Emory Healthcare provide opportunities to deploy and evaluate the platform within established hospital systems.

With $38 million in new financing, Healthleap intends to expand its workforce, develop screening capabilities for additional conditions and strengthen its relationships with healthcare providers.

The company will continue focusing on AI-assisted clinical risk identification, aiming to help hospitals detect potentially overlooked conditions earlier while supporting more efficient patient care and hospital operations.

East Africa Foods (EAF), a Tanzania-based AgriTech company, has secured approximately $40 million in equity and debt financing to expand its physical and digital food supply chain infrastructure across East Africa and into new markets.

The financing includes a $26 million Series B equity round led by the Private Infrastructure Development Group (PIDG) through its equity investment solution, InfraCo, alongside Oikocredit and FMO, the Dutch Entrepreneurial Development Bank. Existing investors ARAF, Goodwell, Africa Eats and FINCA also reinvested, while the Schmidt Family Foundation provided debt financing.

EKTA Partners served as the exclusive financial advisor for the transaction.

The company plans to use the capital to expand its processing, storage and logistics capacity, strengthen its digital infrastructure and extend its network to 100,000 smallholder farmers over the coming years.

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Building Infrastructure Between Farmers and Retailers

East Africa Foods operates an integrated agricultural supply chain platform connecting smallholder farmers directly with urban retailers.

The company currently sources produce from more than 28,000 registered farmers and supplies over 10,000 retailers through a network that combines aggregation, grading, storage, processing and distribution.

Its products reach consumers through brands including Onja and Golden Banana.

The business addresses a significant challenge in East African agriculture. In Kenya and Tanzania, up to 40% of food production is lost before reaching consumers, largely because of inadequate post-harvest infrastructure, including storage, transportation and distribution systems.

EAF said its integrated model already reduces food losses by approximately one-third across its network.

$40M Financing to Scale Logistics and Digital Operations

The investment will support EAF’s next growth phase, including strengthening its operations in Tanzania and expanding into Kenya.

The company will increase its physical infrastructure capacity while developing digital systems that connect farmers, operational branches and retailers.

These technologies are designed to improve supply chain coordination, product traceability, quality control and availability across its distribution network.

Founder and CEO Elia Timotheo said the region’s food losses reflect gaps in infrastructure rather than agricultural production alone. He explained that EAF has spent the past three years building the sourcing networks, logistics capabilities, storage facilities and technology needed to connect farms with urban markets.

The new financing will allow the company to expand those systems and improve their efficiency.

Supporting 100,000 Smallholder Farmers

Beyond infrastructure development, EAF plans to extend training programs focused on climate-smart agricultural practices and improve farmers’ access to formal markets.

The expansion is expected to benefit up to 100,000 smallholder farmers, approximately 45% of whom will be women.

The company aims to provide farmers with more predictable incomes and greater resilience to climate-related disruptions while helping urban retailers secure consistent access to agricultural products.

Its digital infrastructure, developed in Tanzania, is designed for deployment across additional African markets as the company expands.

Investors Back Climate-Resilient Food Systems

Claire Jarratt, PIDG Head of Investment Management for InfraCo, said the investment aligns with the group’s focus on inclusive economic development and climate-resilient infrastructure.

She highlighted EAF’s expansion into Kenya and its continued growth in Tanzania as opportunities to attract additional financing into regional food supply chains.

Oikocredit Senior Equity Officer Samuel Kibiri emphasized the importance of integrated agricultural infrastructure in reducing food losses, strengthening food security and improving smallholder incomes.

FMO’s Director of Private Equity, Peter Byrde, said EAF’s model could demonstrate the commercial viability of agricultural logistics infrastructure and encourage greater private investment in the sector.

With approximately $40 million in new financing, East Africa Foods will focus on expanding its regional operations, reducing post-harvest losses and building a scalable food distribution network connecting African farmers with growing urban markets.

Hubtel, a Ghana-based financial technology company, has partnered with Mobile Money Fintech Limited (MMFL) to support the development of emerging fintech startups and entrepreneurs through the 2026 MoMo Fintech Lab.

Under the agreement, Hubtel will serve as the Official Technology Partner for the national programme, contributing its expertise in digital payments, technology infrastructure and product development. The partnership was officially launched on August 12, 2026, at the Accra Marriott Hotel, bringing together representatives from the technology industry, financial services sector and government.

The three-month programme will operate across Accra, Kumasi and Tamale, providing participants with mentorship, hackathons and incubation opportunities designed to transform early-stage fintech concepts into commercially viable products.

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Hubtel and MMFL Launch 2026 MoMo Fintech Lab Partnership

The collaboration between Hubtel and MMFL aims to strengthen Ghana’s fintech ecosystem by providing emerging entrepreneurs with access to technical expertise and structured business development support. The MoMo Fintech Lab is designed to identify promising innovators and help them develop financial technology solutions that address market needs.

The programme will combine practical training, mentorship and incubation activities to support participants throughout the product development process. By operating across three major Ghanaian cities, the initiative aims to expand participation beyond Accra and provide opportunities for entrepreneurs in different regions.

The programme will conclude with a national Demo Day, where participating teams will have the opportunity to present their solutions to industry stakeholders. The initiative is intended to support the development of locally built financial technology products while encouraging collaboration between established companies and emerging startups.

Three-Month Programme to Support Emerging FinTech Startups

The 2026 MoMo Fintech Lab will run for three months, offering participants a structured environment to develop and refine their business ideas. The programme will feature hackathons designed to encourage participants to identify financial services challenges and develop technology-based solutions, creating opportunities for teams to work on practical applications of financial technology.

Selected innovators will also receive mentorship from experienced professionals working in financial technology and related industries. Incubation support will help participants improve their products, evaluate business models and prepare their solutions for potential market entry, supporting the transition from initial concepts to more developed business propositions.

The programme’s regional activities will take place in Accra, Kumasi and Tamale, creating opportunities for entrepreneurs from different parts of Ghana to participate. At the conclusion of the programme, a national Demo Day will provide a platform for presenting developed products and demonstrating their commercial potential.

This approach aims to bridge the gap between early-stage innovation and the development of scalable financial technology businesses, while providing participants with access to practical guidance and industry connections.

Hubtel to Provide Technical Expertise and Product Development Support

As the Official Technology Partner, Hubtel will contribute its experience in building and operating digital payment infrastructure. The company’s involvement will focus on helping participants understand the technical and operational requirements of developing financial technology products, drawing on its experience in Ghana’s digital financial services sector.

Hubtel will also provide insights into product development and the challenges associated with scaling digital financial services. Nana Owusu-Marfo, Head of Brand and User Experience at Hubtel, highlighted the programme’s role in creating a pathway for entrepreneurs to transform ideas into scalable products.

Through its participation, Hubtel aims to share practical industry knowledge with emerging innovators and support the development of solutions that can operate within Ghana’s financial services market. The partnership also reflects the company’s interest in supporting collaboration between established fintech businesses and early-stage entrepreneurs, helping connect emerging talent with industry expertise.

Ghanaian Government Calls for Patient Capital in Technology

The programme’s launch brought together senior industry representatives and government officials, including Ghana’s Minister for Communication, Digital Technology and Innovation, Samuel Nartey George. During the event, the minister emphasized the importance of developing homegrown financial technology solutions to support Ghana’s digital economy.

He also encouraged investors to provide patient capital to technology businesses, noting that technology ventures often require different financing approaches from traditional enterprises. Early-stage fintech companies can face extended product development periods, regulatory requirements and infrastructure costs before achieving commercial scale, making access to suitable financing an important consideration.

Access to appropriate financing and industry mentorship can therefore play an important role in supporting their development. The government’s participation in the launch highlighted the programme’s alignment with Ghana’s broader efforts to encourage technology entrepreneurship and digital innovation, particularly among emerging businesses developing solutions for the local market.

MMFL Focuses on Building an Inclusive FinTech Ecosystem

Shaibu Haruna, Chief Executive Officer of Mobile Money Fintech Limited, described the MoMo Fintech Lab as part of a long-term effort to strengthen Ghana’s financial technology ecosystem. He emphasized the importance of broad participation in developing an inclusive digital economy, with the initiative aiming to create opportunities for entrepreneurs from different backgrounds and levels of experience.

By bringing together established industry players, emerging startups and public-sector stakeholders, the programme seeks to encourage collaboration across Ghana’s digital financial services sector. The partnership with Hubtel will provide participants with access to practical expertise that can support the development of products designed for local market conditions.

The programme also aims to strengthen connections between emerging innovators and the wider financial technology industry, creating opportunities for knowledge sharing and collaboration as participating teams develop their products and business models.

Supporting Ghana’s Digital Economy and Financial Inclusion

The partnership comes as Ghana continues to develop its digital financial services ecosystem, supported by mobile money adoption and growing demand for technology-based financial products. Fintech startups play a role in developing solutions for digital payments, financial access and business transactions, contributing to the expansion of technology-enabled financial services.

However, early-stage entrepreneurs often face challenges accessing technical resources, experienced mentors and structured product development support. The MoMo Fintech Lab aims to address these barriers through a programme combining practical innovation activities with industry guidance, helping participants develop solutions that respond to market requirements.

Hubtel’s involvement will help connect participants with knowledge gained from developing and operating financial technology services in Ghana. By supporting entrepreneurs across Accra, Kumasi and Tamale, the initiative seeks to encourage broader participation in the country’s fintech industry and create opportunities for innovators outside the capital.

The collaboration between Hubtel and MMFL represents an effort to strengthen Ghana’s startup ecosystem and support the development of locally built financial technology products. Through its three-month programme, the 2026 MoMo Fintech Lab will provide emerging innovators with opportunities to develop their ideas, improve their technical capabilities and prepare solutions for potential commercial deployment.