Remedial Health has completed a combined debt and equity round totalling USD 12mn. The Nigerian startup raised a USD 8mn series A equity round with support from QED Investors, Ventures Platform (which co-led), Y Combinator, Tencent and Gaingels.
The USD 4mn in debt funding round was led by a consortium of local and international financial institutions.
With the funds, Remedial Health plans to deepen existing services currently provided to pharmaceutical manufacturers and shop owners. This includes facility financing and payment solutions and inventory management.
The company works with more than 300 manufacturers and serves more than 5,000 hospitals, pharmacies and PPMVs across 34 of Nigeria’s 36 States.