Deal Type

  • Fundraising

Avolta Partners is proud to have acted as financial advisor to Susu on its growth financing round led by INCO Ventures.

Susu is a Franco-African start-up created in 2019 that offers innovative and affordable healthcare and insurance solutions for Africa, the continent where demographics are exploding and life expectancy is rising, and whose population will reach 2 billion by 2050, while chronic diseases such as diabetes and hypertension proliferate.

The Susu offer is aimed at both the healthy and the most vulnerable: local and international health insurance cover, and tailor-made healthcare packages for seniors, people suffering from chronic illnesses, and pregnant women. The offer is based on a 360° digital platform, a high-quality medical network and original financing, which relies on the African diaspora. 

The round brings together INCO Ventures (lead investor), Al Mada Ventures, Janngo Capital, Health54 (CFAO Healthcare), Launch Africa Ventures, Five35 Ventures, Plug&Play Ventures, Open CNP and several business angels.

Thanks to this fundraising, Susu will be able to enhance its portfolio of services and continue to expand in Côte d’Ivoire, Senegal and Cameroon, where the company has already attracted more than 7,000 customers.

This deal consolidates Avolta’s leadership in social impact transactions, having recently advised Posos on its €10m Series A led by Anaxago, Educlever on its sale to Vivendi, Webdental on its sale to SFP Expansion (backed by Naxicap), or Moneytrans on its fundraising led by Axio Capital.