Thursday
September 22
2022

Nigeria’s YC-Backed Remedial Health Raises $4.4 Million Seed Funding

By Annie Njanja

Early this year, Nigerian health tech startup Remedial Health announced plans to scale within the West African country, digitizing pharmacies and bringing efficiency in the pharmaceutical supply chain after raising pre-seed funding.

Since February, the YC-backed startup has grown its reach from six to 16 states within the populous nation, and plans to cover the remaining 20 as it embarks on a path to deepen its operations across the country. Buoyed by a new $4.4 million equity seed round, Remedial Health is also looking for growth opportunities in East and West Africa.

The latest round was led by Global Ventures, the VC firm that co-led its pre-seed round, with participation from Tencent, Y Combinator, Cathexis Ventures, Lightspeed Venture Partners Scout Fund, Ventures Platform, Alumni Ventures and True Capital Management, and a number of angel investors, including Guillaume Luccisano and Christopher Golda.

Photo courtesy of Global.finland.fi.

Source: TechCrunch (link opens in a new window)

Categories
Health Care
Tags
funding, global health, healthcare, scale, supply chain