LifeBank
Latest round
- Seed
Last raised
- Feb 2018
Total raised
- $0.2M
Investors
- 2
About LifeBank
Founded in 2015 and headquartered in Lagos, Nigeria, LifeBank focuses on the delivery of critical medical supplies.LifeBank specializes in the rapid delivery of essential medical supplies across Africa, focusing on blood, oxygen, and various medical consumables and equipment. The company utilizes an advanced logistics system that incorporates a multimodal distribution network, including drones, boats, bikes, and tricycles, to ensure timely delivery to healthcare facilities within 45 minutes. LifeBank’s offerings are designed to provide hospitals with on-demand access to life-saving supplies, thus enhancing the quality of care provided to patients. The firm’s products are sourced from accredited partners that comply with global production standards, ensuring safety and reliability.LifeBank generates revenue through a direct-to-consumer and business-to-business model, primarily by supplying medical institutions with essential products and services. Transactions are structured around on-demand delivery of medical supplies, where hospitals place orders via various channels, including a call center and mobile applications. LifeBank's revenue model encompasses both one-time purchases for individual medical supplies and ongoing partnerships with healthcare facilities that require continuous access to blood, oxygen, and consumables. While specific pricing details are not disclosed, the company aims to provide competitive rates for high-quality medical products, thereby fostering long-term relationships with clients.LifeBank plans to innovate by designing new products aimed at enhancing its service offerings in medical logistics. Additionally, LifeBank was acquired by 777 Partners, which may influence its strategic direction and operational capabilities.
Who invested in LifeBank
2 investors across 1 round
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Funding rounds
Seed
Feb 7, 2018
Amount
$0.2M
Investors
Questions about LifeBank
Who invested in LifeBank?
LifeBank has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has LifeBank raised?
LifeBank has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did LifeBank last raise money?
LifeBank's most recent round on record is a Seed, in Feb 2018.
What does LifeBank do?
Founded in 2015 and headquartered in Lagos, Nigeria, LifeBank focuses on the delivery of critical medical supplies.
Where is LifeBank headquartered?
LifeBank is headquartered in Lagos, Nigeria.
Which VCs invest in companies like LifeBank?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back internet companies at LifeBank's stage. Their profiles are linked below.
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