“Having People Ventures lead our Seed round is a great recognition of the work we have done so far and of the continued growth and momentum we are experiencing” said Josef Murad, MD, CEO and Co-Founder of BYON8. “This capital will be used to fuel our growth in emerging markets starting with Kenya.”
BYON8 has developed medical diagnostic software intended to improve people’s lives by building a foundation for the next generation of health care. The company’s software utilizes mathematical algorithms and medical artificial intelligence to transform patient data into calculated diagnosis propositions, thereby improving the healthcare process and customer experience regardless of their economic wealth.
BYON8 is the leading Digital Health app in Kenya measured in terms of both user base and customer satisfaction. Customers are turning to BYON8 for its great user experience, fair pricing, and the convenience of having instant access to high-quality doctors directly from the mobile phone. The company intends to fuel its growth through close and synergistic collaboration with strategic partners within, and in the periphery of, the healthcare ecosystem.
BYON8 was founded in the fall of 2015 in Sweden by a mix of doctors, mathematicians, and programmers. The goal is to make quality healthcare accessible, affordable, and convenient by digitizing primary care. The BYON8 app has been developed based on +4 years of medical research and development and launched in Kenya in early 2020. The company has offices in Stockholm, Sweden, and Nairobi, Kenya.
People Ventures is a Danish operational Venture Capital firm located in Copenhagen, and one of the leading early-stage investors in the region. It is devoted to helping entrepreneurs succeed by investing both money and resources and has pioneered a new approach to early-stage investing based on massive operational power and a people-centric model that stands in contrast to the cutthroat world of investing.
They challenge existing paradigms of how things are done in the normal VC world. Their experience of actually being in the thick of the action day in, day out with Founders and their companies, actively pushes them towards their end game – wherever it might be – has taught them that it pays off. To be active. To be present. To be hands-on. To apply everything they know in every interaction, every task. Whatever it takes.