The Health Finance Coalition (HFC), Villgro Africa, and the William Davidson Institute announced the creation of the Multiply Health Fund — a new blended finance vehicle created to unlock catalytic and commercial capital for high-impact healthcare businesses across Africa.
The Fund, created by HFC and Villgro Africa, brings together HFC’s expertise in health financing and transaction structuring, Villgro Africa’s deep venture-building and ecosystem experience to support scalable, investment-ready enterprises addressing critical health system gaps, and WDI’s expertise in entrepreneurship and impact measurement. WDI will serve as a Learning and Impact partner.
Multiply Health Fund pools catalytic capital and deploys it with a rigorous investment mindset, targeting scalable healthcare businesses that can deliver both measurable impact and financial sustainability. By strategically structuring risk-sharing instruments and flexible capital, Multiply Health is designed to de-risk opportunities for return-seeking investors — crowding in significantly more private capital into the healthcare sector.
At its core, Multiply Health aims to bridge the gap between impact ambition and commercial viability — strengthening company fundamentals, improving investability, and building a pipeline of healthcare enterprises capable of attracting sustained private investment across Africa.
Multiply Health was first announced at the 2026 Sankalp Africa Summit in Nairobi, Kenya. Watch the video announcement of the fund below.
(Above, pictured from left: Wendy Taylor, WDI President and CEO; Rob Beyer, Co-founder & Executive Chairman Villgro Africa; and Swathi Rao, Deputy Director, Health Finance Corporation)
