Field Intelligence raises $3.6mln to expand in Nigeria and Kenya
Friday, 13 March 2020 15:21
Nigeria-based health care startup Field Intelligence has raised $3.6 million to develop its drug distribution platform, Shelf Life, in Nigeria and Kenya. The investment will also allow the development of extra services for customers and their patients.
The operation was led by Blue Haven Initiative, a firm that targets high-growth companies. Accion Venture Lab and Newtown Partners also participated in the fundraising.
Shelf Life is involved in the supply chain of pharmaceutical products in Africa, with a network of more than 280 community pharmacies in Nigeria and Kenya. The pharmaceutical market in Africa is estimated at more than $60 billion annually and the majority of the population (80%) sources from community pharmacies, according to data published by Field Intelligence.
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