South African telehealth startup, Contro, has announced the close of its oversubscribed pre-seed funding round, raising a total of $580,000.
- Launched in June 2021 by Alex Schmid, Contro focuses on sexual health and confidence treatment. Currently, the company offers six services including subscription services for birth control, erectile dysfunction treatment and hair loss treatment, as well as once-off treatment for STIs, Thrush and UTIs.
- With 30% of the startup's customers based in the townships and rural areas of South Africa, Contro will use the funds to develop its platform and expand its services, as well as grow its team, with the goal of facilitating targeted growth across South Africa.
- The platform has so far facilitated therapy for over 2000 individuals across South Africa and continues to grow from strength to strength since its inception.
- Participants in the round include both local and international investors such as Plug & Play, iCubed Capital, WZ Capital and the Jozi Angels Network.
Note: This article has been updated to reflect the actual amount raised. Apologies for the inaccuracy in the earlier amount.