Dealflow | November 16, 2021

DrugStoc scores $4.4 million to improve Nigeria’s pharmaceutical supply chain

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 16 — Lagos-based DrugStoc is on a mission to fix the country’s broken pharmaceutical supply chains and distribution channels. The company helps more than 3,000 hospitals, clinics and pharmacies procure prescription drugs, medications and small medical devices.

The healthtech startup “re-engineers the value chain digitally, improving and expanding access to health care at the same time,” said DrugStoc’s Chibuzo Opara.

Health access

DrugStoc says its partners provide affordable health products to 14 million Nigerians. The company Series A funding will help the company expand cold chain storage for safe distribution.

DrugStoc is partnering with Nigeria’s Sterling Bank to provide supply-chain financing.