# Quro Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quro-medical

- Industry: Healthcare
- Headquarters: South Africa
- Website: www.quromedical.co.za
- Total disclosed funding: $1.1M
- Latest round: Seed (Apr 14, 2021)
- Investors on record: 2

## About

Quro Medical, established in South Africa in 2018, focuses on providing advanced home healthcare solutions through a tech-driven "Hospital at Home" service, ensuring patients receive high-quality medical care in familiar surroundings.Quro Medical is a healthcare service provider that delivers hospital-level care directly to patients in their homes. Founded in 2018 in South Africa by Vuyane Mhlomi and Zikho Pali, the company has adapted its operations to emphasize remote patient monitoring and home-based healthcare solutions. Their headquarters are located in South Africa, and they have successfully closed 2 deals, with the most recent being on May 10, 2023, during which the company raised USD 1.3 mn in a funding round led by Mineworkers Investment Company Pty Ltd, bringing the total amount raised to USD 1.3 mn.Quro Medical specializes in providing a tech-driven "Hospital at Home" service, delivering hospital-level healthcare directly to patients in their residences. The company offers various home-based healthcare solutions, including remote patient monitoring, in which patients receive 24/7 virtual vital signs monitoring and support from healthcare professionals. Additionally, patients can opt for more comprehensive clinical services, featuring daily visits from healthcare workers, administration of medications and fluids, and access to allied health services like physiotherapy. Quro's services primarily cater to individuals recovering from surgeries, chronic conditions, or acute illnesses, aiming to enhance clinical outcomes by reducing the risk of secondary infections and improving patient mobility. The company's offerings are currently available in major urban centers across South Africa, including Johannesburg, Cape Town, Pretoria, Port Elizabeth/Gqeberha, Durban, and Bloemfontein.Quro Medical's revenue model is structured around partnerships with medical schemes, which cover most of the services offered under their Hospital at Home program. Patients typically receive care through a subscription-like framework, with the potential for both direct consumer payments and partnerships with healthcare funders. The company provides different levels of service, with many patients opting for the more active clinical offering, which includes daily healthcare visits and comprehensive monitoring. Each service tier is designed to accommodate different patient needs, with pricing reflecting the extent of care provided. Quro Medical has established itself as a key player in the home healthcare market, focusing on delivering cost-effective and high-quality medical services to patients while concurrently reducing the burden on traditional healthcare facilities.In May 2023, Quro Medical secured USD 1.3 mn in venture funding from Mineworkers Investment Company Pty Ltd. The company plans to utilize this funding to further develop its technology and enhance its service reach, aiming to improve healthcare outcomes and reduce costs for both patients and providers. Quro Medical is also exploring opportunities to expand its offerings into new geographic markets, although specific regions and timelines for this expansion are not yet disclosed.

## Funding rounds

- Seed, Apr 14, 2021, $1.1M — Enza Capital Management, Mohau Equity Partners

## Investors

- Enza Capital Management (https://capitalatlas.ai/funds/enza-capital-management) — Seed
- Mohau Equity Partners (https://capitalatlas.ai/funds/mohau-equity-partners) — Seed