# Remedial Health Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/remedial-health-solutions

- Industry: Healthcare IT
- Headquarters: Lagos, Nigeria
- Website: www.remedialhealth.com
- Total disclosed funding: $12M
- Latest round: Series A (Jul 31, 2023)
- Investors on record: 11

## About

Based in Lagos, Nigeria, and founded in 2020 by CEO Samuel Okwuada, and COO Victor Benjamin, Remedial Health Solutions Ltd, is a health-tech company that provides technology solutions to support the development of a technology-enabled pharmacy-centered healthcare network in the African pharmaceutical sector. In July 2023, Remedial Health Solutions Limited raised USD 4 million in venture debt funding. The round was part of a larger USD 12 million series A and venture debt funding.

Remedial Health Solutions Ltd provides a wide range of solutions, including Remedial benefits manager, Remedial buy now pay later, Remedial intelligence, Remedial market access, Remedial RX, and Remedial store through its digital platform. The company provides a mobile application, Remedial Health for pharmacies or medical practitioners using iOS or Android software to source medications, medical consumables, and devices. In addition, the company allows pharmacies to manage their operations, create and track orders, store patients’ medical records, and support accounting and reporting.

The company plans to use its proceeds from July 2023 funding to scale up its inventory financing and operations in Africa.

## Funding rounds

- Series A, Jul 31, 2023, $8M — Tencent Investment, QED Investors, Y Combinator, Gaingels, Ventures Platform
- Seed, Sep 20, 2022, $4.4M — Lightspeed Venture Partners, Tencent Investment, Y Combinator, Alumni Ventures Group, Gaingels, Ventures Platform, Cathexis Investment Management, Global Ventures, Scout Fund, Cresset Asset Management

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Tencent Investment — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed, Series A
- Ventures Platform (https://capitalatlas.ai/funds/ventures-platform) — Seed, Series A
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Seed
- Scout Fund — Seed
- Cresset Asset Management (https://capitalatlas.ai/funds/cresset-asset-management) — Seed
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A