February 18

Remedial Health Raises $1 Million Pre-Seed Funding to Digitise Africa’s Neighbourhood Pharmacies


Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical sector more efficient, says it has raised $1 million in pre-seed funding to roll out its digital procurement and patient medication records (PMR) platforms, and make it easier for neighbourhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs) to access affordable and authentic retail medicines.

The startup is also part of the winter 2022 cohort of Silicon Valley’s prestigious Y Combinator accelerator.

The pre-seed funding round was led by Global Ventures and Ventures Platform, with participation from Ingressive Capital, Voltron Capital, and angel investment from Flutterwave’s Olugbenga “GB” Agboola, Victor Asemota, Opeyemi Awoyemi’s (Jobberman co-founder) Angel Syndicate Fund and other investors. Participation in the Y Combinator accelerator will provide access to support and a network of partners and advisors to drive growth for the startup, according to the firm.

Photo courtesy of CDC Global.

Source: Independent Nigeria (link opens in a new window)

Health Care, Social Enterprise, Technology
healthcare technology, social enterprise, startups