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Nigerian health-tech startup Remedial Health has raised a new USD 4.4 Mn equity seed round, as it plans to scale within the West African country digitizing pharmacies and bringing efficiency to the pharmaceutical supply chain. The 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.
Remedial Health delivers a range of technology solutions that make it easier for healthcare providers to access affordable and genuine retail medicines, consumables, and medical devices from manufacturers and distributors. Its inventory financing and loan features help its clients to increase their basket sizes and improve their operating efficiencies.