# Lifestores Healthcare Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lifestores-healthcare-holdings

- Industry: Retail
- Headquarters: Lagos, Nigeria
- Website: www.lifestoreshealthcare.com
- Total disclosed funding: $0.4M
- Latest round: Series A (Jul 1, 2019)
- Investors on record: 2

## About

Lifestores Healthcare Holdings Ltd focuses on enhancing access to quality and affordable primary healthcare in Africa through its innovative pharmacy services and patient support systems.Founded in 2017 in Lagos, Nigeria, Lifestores Healthcare Holdings Ltd specializes in improving healthcare access through its Lifestores Pharmacy network. The company has successfully completed a total of 5 deals, with a notable funding round in October 2022 where it raised USD 3.00 mn led by Next54, with participation from Aruwa Capital Management. The company is co-founded and led by Andrew Garza and Bryan Mezue, who aim to address healthcare challenges in the region.Lifestores Healthcare offers a comprehensive suite of services aimed at improving access to quality and affordable primary healthcare in Africa, particularly through its Lifestores Pharmacy network. The core offerings include a range of pharmacy services that facilitate access to genuine medications and healthcare products for patients who face difficulties in obtaining necessary treatments. The company engages in direct-to-patient interventions that help patients manage their healthcare needs more effectively. By promoting a seamless experience for both patients and pharmacies, Lifestores Healthcare serves a diverse clientele, including healthcare providers and individual consumers across various regions in Africa. The firm’s innovative approach to pharmacy and patient care is designed to address the critical gaps in healthcare access and medication affordability.Lifestores Healthcare generates revenue through multiple transaction structures, including direct-to-consumer sales and partnerships with pharmacies and healthcare providers. The company’s revenue model involves the sale of prescription medications and healthcare products directly to patients, as well as subscription services that may provide additional benefits or discounts. The transactions occur at the point of sale in pharmacies and through online platforms, allowing for a flexible purchasing process that caters to a wide range of consumer needs. The firm focuses on ensuring that their products remain accessible, thereby fostering an environment of affordable healthcare solutions.In October 2022, new investor Health54 led a USD 3.00 mn pre-Series A funding for Lifestores Healthcare Holdings Ltd, supporting the company's growth strategy. The funding will be utilized to further develop its technology, double its workforce, and expand its business reach across Nigeria. Plans for future growth include launching new products aimed at enhancing healthcare services and targeting additional markets within Nigeria to improve healthcare access.

## Funding rounds

- Series A, Jul 1, 2019, $0.4M — Consonance Investment Managers
- Seed, Jun 26, 2019 — StartUp Health

## Investors

- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Seed
- Consonance Investment Managers (https://capitalatlas.ai/funds/consonance-investment-managers) — Series A