The funding round was co-led by QED Investors and Ventures Platform.
Launched in 2022, Remedial Health aims to revolutionize healthcare access and delivery in Africa by leveraging cutting-edge technology.
The company is on a mission to digitize the pharmaceutical supply chain by providing software for pharmacies and hospitals to manage their inventory and sales.
The startup also helps pharmacies source pharmaceutical products for their shelves from major manufacturers and distributors, including GSK, Pfizer, AstraZeneca, Emzor, and Fidson Healthcare.
The newly secured capital will be used to further expand their platform’s capabilities and scale operations.
Remedial Health’s Series A funding comes during increased interest and investment in Africa’s health tech sector.
With a rapidly growing population and advancements in technology adoption across the continent, investors are recognizing the immense potential for innovative healthcare solutions.
As the healthcare landscape continues to evolve, startups like Remedial Health are at the forefront of driving innovation and leveraging technology to improve lives, making strides towards a healthier and more equitable future for Africa.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Lapaire, a fast-growing African eyewear startup, has secured significant financial backing from AfricInvest and Proparco to expand its optical care services across the continent.
OBM Education, an Egyptian educational technology startup, has announced a substantial six-figure funding round to expand its presence in Saudi Arabia.
The startup funding landscape in Africa in 2023 was a mixed bag of encouraging growth and cautious optimism amidst global economic headwinds.
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