Wednesday
November 17
2021

DrugStoc Secures $4.4 Million in Series A Funding To Boost Expansionary Drive

By Zainab Iwayemi

Nigerian e-health pharmaceutical distribution startup, DrugStoc has secured $4.4 million in a Series A funding round led by Africa HealthCare Master Fund (AAIC), Chicago-based venture firm Vested World, German Development Bank (DEG) amongst others.

According to a press release by the company, as seen by Nairametrics, the secured fund will enable the startup to expand access to quality medicines and also provide sustainable supply chain financing for healthcare providers in Sub-Saharan Africa.

Photo courtesy of Global.finland.fi.

Source: Nairametrics (link opens in a new window)

Categories
Health Care
Tags
healthcare, healthcare delivery, healthcare technology, impact investing, supply chain, sustainability