DrugStoc, a Nigerian healthtech startup, has received USD 4.4 Mn in Series A funding to expand access to high-quality medicines while also providing healthcare providers in Sub-Saharan Africa with long-term financing. The round was led by Africa HealthCare Master Fund (AAIC). Other investors include Chicago-based venture firm Vested World and the German Development Bank (DEG).
DrugStoc is a cloud-based platform that provides healthcare providers with the interface for easy access to pharmaceuticals and healthcare products. The startup ensures that patients get quality medicines at affordable prices. The funding round will help the company in its plans to grow coverage to about 100 million people by expanding its supply chain infrastructure both digitally and physically.