About SonoCare
SonoCare is a company based in Port Harcourt (Nigeria) founded in 2015 by Enokela Moses Owoicho.. SonoCare has raised $250 thousand across 2 funding rounds from investors including Zenith Bank, Gray Matters Capital and GMC coLABS. SonoCare offers products and services including SonoCare App, At-Home Lab Testing, At-Home Nursing Care, E-Prescriptions, and Doorstep Drug Delivery. SonoCare operates in a competitive market with competitors including Healthlane, OneHealth, Betalife, Hicers and Medic Dispatch, among others.
- Headquarter Port Harcourt, Nigeria
- Founders Enokela Moses Owoicho
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sonocare Healthcare Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Zenith Bank
& 2 more
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Employee Count
Employee Count
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Products & Services of SonoCare
SonoCare offers a comprehensive portfolio of products and services, including SonoCare App, At-Home Lab Testing, At-Home Nursing Care, E-Prescriptions, and Doorstep Drug Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for video consultations and health monitoring services
Service for home-based lab tests and result delivery
In-home nursing visits for diagnosis and support
Digital prescriptions for medications and referrals
Delivery of prescribed drugs to users' homes
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Funding Insights of SonoCare
SonoCare has successfully raised a total of $250K across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(21 Nov 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Grant - SonoCare | Valuation |
investors |
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| Nov, 2018 | Amount | Seed - SonoCare | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SonoCare
SonoCare has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Zenith Bank, Gray Matters Capital and GMC coLABS. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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An early-stage investment portfolio is managed for social impact.
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
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Banking and financial services are provided to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SonoCare
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SonoCare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sonocare Comparisons
Competitors of SonoCare
SonoCare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Healthlane, OneHealth, Betalife, Hicers and Medic Dispatch, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Teleconsultation and appointment booking app is provided for patients.
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| domain | founded_year | HQ Location |
Reliable online pharmacy and benefits manager in Nigeria.
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| domain | founded_year | HQ Location |
Multiple healthcare services are delivered via a digital platform.
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| domain | founded_year | HQ Location |
A mobile app that provides multiple healthcare services to users.
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| domain | founded_year | HQ Location |
Operates an online platform for multiple healthcare services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sonocare
Frequently Asked Questions about SonoCare
When was SonoCare founded?
SonoCare was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is SonoCare located?
SonoCare is headquartered in Port Harcourt, Nigeria. It is registered at Port Harcourt, Rivers, Nigeria.
Is SonoCare a funded company?
SonoCare is a funded company, having raised a total of $250K across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Nov 21, 2018.
What does SonoCare do?
SonoCare was established in 2015 as a standalone radiology laboratory in Port Harcourt, Nigeria. Diagnostic imaging services, including ultrasounds and X-rays, are offered to support medical needs in the region. Operations focus on independent radiology solutions without affiliation to larger hospitals. The facility is led by founder Enokela Moses Owoicho, serving local healthcare requirements in the healthcare sector. Accessibility is maintained through the domain sonocare.com.ng.
Who are the top competitors of SonoCare?
SonoCare's top competitors include Healthlane, OneHealth and Betalife.
What products or services does SonoCare offer?
SonoCare offers SonoCare App, At-Home Lab Testing, At-Home Nursing Care, E-Prescriptions, and Doorstep Drug Delivery.
Who are SonoCare's investors?
SonoCare has 3 investors. Key investors include Zenith Bank, Gray Matters Capital, and GMC coLABS.