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Moroccan healthtech company ABA Life, the healthcare arm of ABA Technology, has signed a $40 million investment agreement with Admaius Capital Partners. The deal is subject to customary closing conditions and clearance by Morocco’s Competition Council.
Founded five years ago, ABA Life has built an integrated and profitable model combining artificial intelligence, medical technology, telemedicine, connected health infrastructure and healthcare operations.
Selim Ettriqui, head of Morocco and West Africa at Admaius, said: “From our very first discussions, we were impressed by what ABA Life has built: an integrated healthcare operator combining medical devices, connected infrastructure, care operations and proprietary technology developed in Morocco.”
“ABA Life has the qualities we look for in our investments: an ambitious entrepreneurial team, a proven business model, strong technology foundations and significant potential to scale. We are convinced of its ability to become an international healthtech reference and are pleased to support this ambition,” commented Marlon Chigwende, managing partner at Admaius.
Admaius is a pan-African private equity firm based in Kigali, Rwanda, with offices in Casablanca, Nairobi, Johannesburg, Tunis and Cairo, and a presence in London. It invests in sectors including healthcare, digital infrastructure, financial services, consumer goods and education.
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