Nigerian Healthtech Startup Remedial Health Raises USD 12 M Series A

Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised USD 12 M Series A equity-debt funding, to scale operations in the West African country. Fintech VC firm QED Investors and Ventures Platform co-led the round with participation of existing investors like Y Combinator, Tencent and Gaingels.

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. Its platform enables its customers to manage their operations including inventory management (through an app too), accounting, and financial reporting. It also provides real-time market intelligence that informs manufacturers on production and distribution.