Lifestores Healthcare raises $3M to expand its pharmaceutical marketplace across Nigeria

Africa’s $45 billion pharmaceuticals market is expected to grow 10% CAGR to $100 billion by 2030. Yet, the sector struggles with highly fragmented and undercapitalized supply chains rife with fake medications, which cause the death of thousands of patients yearly; in Nigeria, 20-40% of drugs are counterfeit. 
A handful of healthtech companies bring efficiency to Nigeria’s pharmaceutical supply chain issues; Lifestores Healthcare is one. In 2020, it raised a $1 million seed round, followed by its newly announced $3 million pre-Series A funding; the latter and oversubscribed round was led by Hea

リンク元