Immunify.Life successfully closes initial fundraising rounds and secures $2 million from Blue-Chip Blockchain VCs
The funds will be used to implement field work in the country to address global challenges, including HIV treatment rates and vaccination management in Africa
Sydney, Australia, September 16, 2022 (GLOBE NEWSWIRE) —
Immunify.Life, the transformative and self-sustaining healthcare ecosystem secured by blockchain, is proud to announce the successful completion of its seed and private investment rounds. The platform raised approximately $2 million from recognized and respected investors in the blockchain and digital transformation space, including BluFolio, a Switzerland-based blockchain VC.
Immunify.Life CEO Guy Newing commented on the partnership by saying: “Immunify.Life is built to meet the many challenges of HIV, AIDS, tuberculosis and other vaccination programs. With blockchain-based functionality that can revolutionize healthcare delivery in Africa and beyond, we are committed to improving patient health outcomes using science, innovation and technology. With this new round of funding, we are that much closer to making these benefits a reality.”
Founding partner at BluFolio AG James Dougall also commented on the partnership, saying: “Blufolio is investing today at the confluence of blockchain opportunities and sustainability initiatives. We are passionately convinced that digital and blockchain technologies are driving unprecedented innovation. Immunify.Life represents one of the key verticals we are looking at in healthcare technology, particularly the Cardano blockchain, and digital health to tackle some of the most pressing and chronic health data processing problems.”
The Beachhead HIV field project is currently underway in Kenya. There are approximately 20,000 HIV-related deaths and 40,000 new infections in Kenya each year. All in all, over 1.5 million people live with HIV in the country. 30% of these people do not use life-saving treatments available to them, even though these treatments (antiretroviral drugs or ART) can significantly reduce AIDS-related death.
By using a cryptocurrency-based reward system, Immunify.Life hopes to improve patient adherence to available treatments. The project is delivered in collaboration with local science and technology universities and the regional Kenyan government. With the latest round of funding, the study has started patient recruitment and the successful use of cryptocurrency to save lives is now even closer to becoming a reality.
To help fund the expansion of this type of critical healthcare and data collection projects in Kenya and Zambia, Immunify.Life is now launching a strategic round of fundraising. For more information on funding and how you can contribute or participate, please email [email protected].
About Immunify.Life
Immunify.Life is a transformative and self-sustaining healthcare ecosystem secured by blockchain. Its vision is to use blockchain technology to solve the world’s biggest health problems by strengthening health systems and access to health data via an incentivized data capture tool for health management.
It provides an all-in-one platform and ecosystem to capture complete, transparent health records of secured patient medical information and provides patient direct access to personal data via a unique health identification tag with the ability to consolidate this data to enable retrieval and use of Big Data for health.
In this context, the organization intends to rapidly scale from implementation and growth of its patient base through collaboration with relevant public health ministries and subunits, as well as voluntary organizations, partner health organizations and for-profit partners, sponsors, and donors.
Media contact:
Robert Pennington
